Argent Minerals Limited · ASX:ARD
Argent Minerals — Mining NSW Conference (September 2009)
33 slides from Argent Minerals's conference presentation, Sep 2, 2009
Slide 1: Investor Update September 2009
For personal use only INVESTOR UPDATE SEPTEMBER 2009
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement For personal use only This material contains certain forecasts and forward-looking information about possible or assumed future performance, exploration results, resources or potential growth of Argent Minerals Limited, industry growth or other trend projec
Slide 3: Statement of Resources and Competent Persons Statements
Statement of Resources and Competent Persons Statements SUNNY CORNER For personal use only Inferred Resource 1.5 million tonnes @ 2.1% lead, 3.7% zinc, 0.4% copper, 0.3 g/t gold and 24 g/t silver containing: 32,200 tonnes lead, 55,800 tonnes zinc, 5,700 tonnes copper, 12,640 ounces gold, 1.2 million
Slide 4: Argent Minerals
Argent Minerals For personal use only Argent is a mineral explorer earning 70% interests in three precious and base metals projects in NSW • Listed and raised $4 million in 2008 • 41.9 million shares • 41.9 million options (20 cents, July 2011) • Market Cap at 12.5 cents = $5.2 million • $2.3 millio
Slide 5: Board and Management
For personal use only BOARD AND MANAGEMENT Kerry McHugh (B.Com (Hons)) Executive Chairman Marcus Michael (CA, B.Bus) Executive Director, Company Secretary Jamie Ogilvie (LL.B, B.Com, MBA) Non Executive Director David Timms (BSc (Hons), FAIG, FAUSIMM) Technical Consultant to the Board
Slide 6: The Assets
The Assets For personal use only RIGHTS TO EARN 70% INTEREST IN THREE TENEMENTS FROM GOLDEN CROSS RESOURCES LIMITED - Kempfield - JORC Standard Resources, Ag, Pb, Zn, Ba - Sunny Corner - Historic Silver Mines - West Wyalong - Historic Gold Mines 500 km NEW SOUTH WALES All located in NSW’s Lachlan Fo
Slide 7: Project highlights at Kempfield, West Wyalong, Sunny Corner
For personal use only At Kempfield - Resources containing 13 million ounces of Silver - Scoping Study underway into Silver Heap Leach project - Gold potential at Mt Dudley and Trunkey Creek At West Wyalong - Drilling on large co-incident gravity/mag anomaly - Drilling to follow up 43 g/t Gold inters
Slide 8: Argent Minerals
Argent Minerals For personal use only Our main focus is on Kempfield Silver Heap Leach project - and exploration at West Wyalong Our near term objective is to be producing Silver in 2011 Our aim is to use the cash flow from the Silver Heap Leach project to become a self funded Mineral Exploration an
Slide 9: Here's the value proposition
For personal use only Here’s the value proposition :- :- Very low market cap ($5million) gives good leverage to market upgrades as we progress the Kempfield Heap Leach project through to successful commissioning and operation Exposure to Silver price With added potential for exploration success at W
Slide 10: West Wyalong
West Wyalong For personal use only Historic high grade Gold Mining Field - 25+ Reefs mined in the past Tenement bisected by Gilmore Suture Exploration Target - Co-incident Gravity / Mag Anomaly - 200m RC hole WWGC001 intersected 1m @ 43 g/t Au + intense alteration at EOH - Follow up 300m diamond tai
Slide 11: West Wyalong: Magnetics and Gravity
West Wyalong: Magnetics and For personal use only Gravity
Slide 12: Kempfield: Regional Location
Kempfield : Regional Location For personal use only
Slide 13: Kempfield
Kempfield For personal use only 3 kms long silver rich Barite Horizon with six zones 13 Moz of contained silver, 9 Moz of which lies within 70m from surface 81% is Measured or Indicated Scoping Study underway for Heap Leach project
Slide 14: Kempfield: Resources
Kempfield : Resources For personal use only 13 million ounces of Silver Above 70m (at 60 g/t Silver only cut-off) 2.7 MT at 100 g/t for 8.7 Moz Ag PLUS Below 70m (at 100 g/t Silver Equivalent cut-off) 1.9 MT at 72 g/t for 4.4 Moz Ag Drilling along strike from existing zones to extend resources
Slide 15: Kempfield Prospects
For personal use only Kempfield Prospects
Slide 16: Kempfield: Potential Heap Leach Project
Kempfield : Potential Heap Leach Project For personal use only Potential for early cash flow from low capex HL operation Feedstock would be mainly Oxide and Transitional Resource that lies within 70 metres from surface - High Grade 100 g/t Ag - Low Strip Ratio (1:1) Column Leach Recoveries (BJ Zone)
Slide 17: Kempfield Heap Leach Project Proposed Timetable
Kempfield Heap Leach Project For personal use only Proposed Timetable • Scoping Study Finalised October 2009 • Bankable Feasibility Study Finalised March 2010 • Mining Lease + Development Approvals granted September 2010 • Decision to Mine October 2010 • Commence Construction of Mine and Plant Decem
Slide 18: Kempfield: Sulfides
Kempfield : Sulfides For personal use only • Below 70 metres from surface • High grade shoots open at depth at McCarron, Quarries and BJ Zones • Targets are shoots grading 10% Lead/Zinc Equivalent over 5 metres suitable for underground mining • IP Anomalies worthy of follow-up
Slide 19: Kempfield: Exploration Potential
Kempfield : Exploration Potential For personal use only Silver and Base Metals - IP anomalies - Known Deposits open along strike and at depth McCarron From Interval Silver CBM (m) (m) (g/t) (%) AKRC 13 80 10 128 10.7 GKF 117 48 4 86 14.9 AKRC 01 98 2 114 9.1 AKRC 03 64 18 89 8.1 BJ Zone From Interva
Slide 20: Kempfield: Exploration Potential
Kempfield : Exploration For personal use only Potential
Slide 21: Kempfield Drilling
For personal use only Kempfield Drilling
Slide 22: Kempfield: Gold Potential, Mt Dudley
Kempfield : Gold Potential For personal use only Mt Dudley • Old Gold Mine with 600m of strike • Shallow Gold Zone outlined • Potential feedstock for Kempfield Heap Leach
Slide 23: Mt Dudley
For personal use only Mt Dudley
Slide 24: For personal use only
M2 @ 0.71 gt Au slate slate NI) 6m @ 2.96 o/t Au — diorite IPN 5m @ 1.64 g/t Au AMDO6 0 100m
Slide 25: Kempfield: Gold Potential, Trunkey Creek
Kempfield : Gold Potential For personal use only Trunkey Creek • Old High Grade Mining Field • 5kms of old workings • Co-incident Resistivity and Chargeability anomalies over 1.5 kms • Limited Drilling - Plutonic, 1995 (2m at 33 g/t Au from 6m) - Southern 3kms incl. IP anomalies undrilled • Drilling
Slide 26: Trunkey Creek: Co-incident IP
Trunkey Ck : For personal use only Co Co--incident IP Outline of resistivity data Outline of resistivity data Area of high IP effect Area of high IP effect Linear resistivity highs Linear resistivity highs Target Areas Target Areas Chargeability Resistivity
Slide 27: Sunny Corner
Bathurst Sunny Corner Sunny Corner For personal use only Lithgow Sydney 50km First major Silver Mine in Australia (1881 – 1893) Produced 210,000 tons ore, 2.9 million/ozs Silver (13.8 ozs/Ton) Grades from underground stopes commonly ran : 630-790 ppm silver 4-6 g/t gold 12-15% lead 0.8% copper 14% z
Slide 28: Sunny Corner: Long Section
Sunny Corner : Long Section For personal use only
Slide 29: Sunny Corner
Sunny Corner For personal use only VMS System with potential for repetitions of main orebody Inferred Resource 1.5 MT at 5.8% Pb/Zn, 0.4% Cu, 0.3 g/t Au, 24 g/t Ag (2.5% combined base metal cut-off) Flotation testwork showed • 97% recovery to a bulk concentrate - 21% Zn, 14% Pb, 6.5% Cu, 306 g/t Ag
Slide 30: Looking Forward
Looking Forward … For personal use only Potential Heap Leach Silver Project could provide cash flow for 5-6 years Exploration Opportunities • Gold at Mt Dudley, Trunkey Creek and West Wyalong • Silver / Base Metals at Kempfield and Sunny Corner Flotation Project ? • Sunny Corner open-pittable Resour
Slide 31: Here's the value proposition
For personal use only Here’s the value proposition :- :- Very low market cap ($5million) gives good leverage to market upgrades as we progress the Kempfield Heap Leach project through to successful commissioning and operation Exposure to Silver price With added potential for exploration success at W
Slide 32: Daily Gold and Silver Prices
Daily Gold and Silver Prices Through 25 March 2008 For personal use only
Slide 33: Argent Minerals Limited
— ARGENT MINERALS LIMITED ARGENT
Argent Minerals — Mining NSW Conference (September 2009) on 6ix