ARGENT MINERALS LIMITED ASX:ARD January 2016
DISCLAIMER This investor presentation ( Presentation ) has been prepared by Argent Minerals Limited (ABN: 89 124 780 276) ( Argent or the Company ). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this Presentation. This Presentation contains summary information about Argent, its subsidiaries and their activities which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Argent. By its very nature exploration for minerals is a high risk business and is not suitable for certain investors. Argent securities are speculative. Potential investors should consult their stockbroker or financial advisor. There are a number of risks, both specific to Argent and of a general nature which may affect the future operating and financial performance of Argent and the value of an investment in Argent including but not limited to economic conditions, stock market fluctuations, silver, lead, zinc, copper and gold price movements, regional infrastructure constraints, securing drilling rigs, timing of approvals from relevant authorities, regulatory risks, operational risks and reliance on key personnel and foreign currency fluctuations. Certain statements contained in this Presentation, including information as to the future financial or operating performance of Argent and its projects, are forward- looking statements that: § may include, among other things, statements regarding targets, estimates and assumptions in respect of mineral resources and mineral reserves and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions; § are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Argent, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and, § involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements. Argent disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words ‘believe’, ‘expect’, ‘anticipate’, ‘indicate’, ‘contemplate’, ‘target’, ‘plan’, ‘intends’, ‘continue’, ‘budget’, ‘estimate’, ‘may’, ‘will’, ‘schedule’ and similar expressions identify forward-looking statements. All forward-looking statements made in this Presentation are qualified by the foregoing cautionary statements. In particular, the corporate mission and strategy of the Company set forth in this Presentation represents aspirational long-term goals based on current expectations. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. No verification: Although all reasonable care has been undertaken to ensure that the facts and opinions given in this Presentation are accurate, the information provided in this Presentation has not been independently verified. All production related images in this presentation are not Argent assets, including the images on the cover and in the header. 2
ARGENT AT A GLANCE Capital Structure Board & Management 256.2M Stephen Gemell Chairman (Non-exec) Ordinary shares (ASX:ARD) B.Eng (Hons), FAusIMM (CP) Share price 1 $0.020 David Busch Managing Director Market capitalisation 1 $5.1M B.Eng, BSc, MAusIMM Cash 2 *Peter Nightingale $913,000 Director (Non-exec) B. Econ, CA Listed Options (ASX:ARDO) 3 184.5M *Peter Michael Director (Non-exec) ASX Listing 3 April 2008 Vinod Manikandan Company Secretary Top 20 shareholders 4 42% B. Com, GCertAcc, CPA *Todd McGilvray Exploration Manager 1. As at COB 25/1/16 2. As at 31 December 2015 BSc (Hons), Economic Geology, MAusIMM 3. Options are ASX Listed (ASX: ARDO), have a $0.175 strike price and a 31 March 2016 expiry. 4. 2015 Annual Report MSEG, MGSA, GradCertAppFin * New appointments Sep & Nov 2015 3
WHY INVEST IN ARGENT NOW? § NEWS FLOW TO FOLLOW – Kempfield drilling program underway • Drilling to test for proof of the Kempfield VHMS model • Significant intersections from first two holes including: 1m @ 1065 g/t Au , and first time Cu – West Wyalong copper gold • IP survey has confirmed imminent drill targets • Ownership progression toward 70% § THREE PROJECTS IN HIGHLY PRODUCTIVE TERRANE 1. Kempfield Polymetallic Project (Argent 100%) • High grade base and precious metals potential - open at depth, to the west and to the north • Predominantly silver resource currently defined – 21.8 Mt @ 47 g/t Ag for 33Moz Ag, + 300,000 tonnes Pb/Z n • VHMS (volcanic-hosted massive sulphide) base and precious metals potential • Project peer reviewed by the NSW State Government – Awarded Top 5 funding based on project merit 4
WHY INVEST IN ARGENT NOW? § THREE PROJECTS IN HIGHLY PRODUCTIVE TERRANE 2. West Wyalong (Argent 51%, right to earn 70%) • Large porphyry copper-gold target identified • 37 km from Lake Cowal mine taken over by Evolution Mining for $US550M 3. Sunny Corner (Argent 70%) • Historic silver/polymetallic mine – very high grades (direct shipped ore to London) • Potential feedstock for Kempfield § MATERIAL EXPOSURE TO SILVER & GOLD PRICE UPSIDE 5
ARGENT’S PROJECTS STRATEGICALLY POSITIONED IN WORLD-CLASS NEIGHBOURHOOD § HIGHLY PRODUCTIVE GEOLOGICAL TERRANE § COMPELLING PEER GROUP: RICH BASIN MARGIN POLYMETALLIC DEPOSITS New South Wales LACHLAN OROGEN Eastern Australian Toho Zinc Palaeozoic Glencore Volcanogenic Massive Aurelia/ Sulphide deposits* Glencore Peel Mining Wyoming Broken Hill Holtermann Nugget Peak Hill SUNNY CORNER Hill End 1872 Orange NORTHPARKES McPHYLLAMYS COWAL CADIA KEMPFIELD Evolution Newcrest WOODLAWN Sydney WEST WYALONG KEMPFIELD CAPTAINS FLAT HILL END TROUGH BASIN THALANGA Red River Iron Bark Zinc Resources /Glencore ROSEBERY Argent Projects Lead/zinc/silver +/- gold, copper QUE RIVER Basin margins HELLYER World-class Copper-gold Australia MT. LYELL ( > 100 Mt ) Gold MMG 6 * Prof R. Large et al, 1998
KEMPFIELD POSITIONING WITHIN PEER GROUP EASTERN AUSTRALIAN PALAEOZOIC VMS DEPOSITS 10.0 Rosebery Notes: 1. The X and Y axes are on a logarithmic scale 2. Kempfield has a 33 Moz Ag JORC 2012 resource Hellyer 3. Drilling proof of the Kempfield VMS model to follow? Woodlawn ? Contained base metals (Cu+Pb+Zn) (Mt) ? Thalanga • Historic grades of up to 21.4% 1.0 Hercules Prince Lyell combined Cu/Pb/Zn reported 1 Que River Currawong Captains Flat • Mineralisation similarities identified Dry River South Lewis Ponds at Kempfield by Prof Ross Large Mt Morgan North Lyell Kempfield Kempfield 21.8 Mt 21.8 Mt 0.3 Wilga known deposit 2 Liontown Wet Lagoon Mt Chalmers Sunny Corner Kempfield: Silver rich/base metal ‘poor’ exception or 0.1 are there more base metals than previously thought? Harnett Prospect Balcooma Lyell Blow Highway Lyell Comstock Crown Lyell III Royal Tharsis Mt Ararat 1. Cape Horn All deposit data obtained from publicly available reports. Readers should check the latest information with the owners of the deposits 2. Crown Lyell OC See Appendix A for Kempfield JORC 2012 Minerals Resource estimate 0.01 0.0 0.1 0.3 0.5 1.0 2.0 4.0 8.0 16.0 32.0 64.0 128.0 256.0 Contained silver (Moz) Drill testing at Kempfield to determine Australia’s next high grade lead/zinc discovery? 7
KEMPFIELD DEPOSIT MODEL BEING TESTED BY DIAMOND DRILLING Original volcanogenic massive sulphide (VMS) VMS DEPOSIT ZONATION sediments Basin mound formation volcanoclastics margin Silver/barite 1 2 Increasing lead/zinc grades 3 Hydrothermal High grade lead/zinc fluid convection 4 +/- copper/gold Ordovician Deposition basement VMS Temperature feeder rhyolite zone ‘Black smoker’ sulphide vent on ocean floor 1 ‘SIZE OF THE PRIZE’ KNOWN KEMPFIELD MINERALISATION EXPLORATION POTENTIAL Increasing lead/zinc grades 21.8 Mt JORC 2012 Resource - 52 Moz including high grade AgEq @ 75 g/t Ag Eq 2 1 2 lead/zinc +/- copper/gold 120 SHALLOW DRILLING HISTORY 4 metres 3 1 Silver/barite Significant 2 3 Increasing lead/zinc grades lens Ordovician extension basement potential 1. Current day VMS analogue. Photo reproduced with permission from Science Photo Library Ltd. London, UK WEST EAST Tilted and overturned structure 2. See Appendix A 8
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