Argent Minerals Limited · ASX:ARD
Argent Minerals — Investor Presentation (February 2011)
22 slides from Argent Minerals's investor presentation, Feb 16, 2011
Slide 1: Investor Presentation
Argent Minerals Limited ABN 89 124 780 276 ASX ANNOUNCEMENT 16 February 2011 For personal use only INVESTOR PRESENTATION Argent Minerals Limited (“Argent” or “Company”) advises that the following presentation was made to investors on 16 February 2011. For more information contact: www.argentminerals
Slide 2: For personal use only
For personal use only ARGENT MINERALS LIMITED l www.argentminerals.com.au
Slide 3: Disclaimer
Disclaimer Certain statements contained in this presentation, including information as to the future financial or operating performance of Argent Minerals Limited (ASX:ARD) and its projects, are forward looking statements: -may include, among other things, statements regarding targets, estimates and
Slide 4: Corporate Overview
Corporate Overview For personal use only • A focused silver exploration and development company • Kempfield ,70% owned, silver, lead, zinc project is the Company’s key asset JORC Resource of 31.6m oz of silver, 65,000 oz of gold and 261,000 tonnes of zinc and lead – Definitive feasibility study unde
Slide 5: Corporate Information
Corporate Information For personal use only Capital Structure ASX Code - Shares: ARD Share Price Chart ASX Code – Options: ARDO Current Shares on Issue 101.9 USN shareholding – to be cancelled* 19.5 Post Transaction Shares on Issue 82.4 Current Options on Issue 48.2 Current Share Price $0.20 Current
Slide 6: Investment Highlights
Investment Highlights For personal use only Near term development • Kempfield DFS due for completion late 2011 triggering decision to mine • First production targeted for early 2013 • At current prices, project cash flow (pre capex) estimated to exceed A$300m Leverage to rising silver prices Reserve
Slide 7: Bullant Transaction
Bullant Transaction For personal use only Argent to sell Bullant gold project to US Nickel Ltd. subject to shareholder approval by both companies. • Consideration for the sale comprises: – The issue of 44 million US Nickel shares to Argent – The cancellation of US Nickel’s 19.5m shares (19%) in Arge
Slide 8: Kempfield Project
Kempfield Project For personal use only • Kempfield is a silver, lead, zinc VMS deposit, located 30km south of Blayney • Known mineralisation extends for more than 3 kilometres • DFS underway. 500 km NEW SOUTH WALES Yellow Streak Cobar Sunny Corner Broken Hill Kempfield LA Orange CH Sydney West Wyal
Slide 9: Local Geology
Local Geology For personal use only Defined mineralisation is over a 3 km long silver rich barite horizon with six zones, Of those six zones, three contain significant economic resources : - Quarries Zone - BJ Zone - McCarron Zone Three types of mineralisation are present: • Oxide • Transitional • S
Slide 10: Project Site
Project Site For personal use only ARGENT MINERALS LIMITED l www.argentminerals.com.au
Slide 11: For personal use only
For personal use only ARGENT MINERALS LIMITED l www.argentminerals.com.au
Slide 12: Plant Layout Area
Plant Layout Area For personal use only ARGENT MINERALS LIMITED l www.argentminerals.com.au
Slide 13: Mineral Resources
Mineral Resources Silver Gold Lead Zinc For personal use only Tonnes Grade Contained Grade Contained Grade Contained Grade Contained Metal Metal Metal Metal Million g/t M ozs g/t 000 ozs % 000t % 000t Oxide/Mixed* 5.8 58 10.8 0.1 19 N/A N/A N/A N/A Cut off grade 25g/tAg Primary** 14.4 45 20.8 0.1 46
Slide 14: Resources by Category
Resources by Category For personal use only Tonnes Grade (g/t) Grade (%) Oxide and Mixed million Silver Gold Lead Zinc Measured 2.1 70.3 0.1 Indicated 2.7 52.4 0.1 Inferred 1.0 45.5 0.1 Primary Measured 2.1 60.2 0.1 0.64 1.08 Indicated 7.5 45.7 0.1 0.59 1.21 Inferred 4.8 38.5 0.1 0.60 1.31 ARGENT MI
Slide 15: Project Economics
Project Economics For personal use only Pit Optimization 600,000 tpa 1 million tpa April 2010 Prices November 2010 Prices Scoping Study Operating Parameters Tonnes Treated 6.3mt 15.9mt Strip Ratio 1.6 to 1 1.4 to 1 Mine Life 10.5 years 15.9 years Payable Silver Produced 12.3 million ounces 20.8 mill
Slide 16: BJ Zone Cross Section 3100N
BJ Zone Cross Section 3100N 1850mE 1900mE 1950mE 2000mE 2050mE 2100mE 2150mE For personal use only 800mRL 800mRL 750mRL 750mRL April 2010 Shell 700mRL Nov. 2010 0.6 Mt Shel l 700mRL Nov. 2010 1 Mt Shel l 25 to 50g/t AgE q 650mRL 650mRL 50 to 75g/t AgE q 75 to 100g/t AgE q 100 to 125g/t AgE q 600mRL
Slide 17: Processing
Processing Pit Crusher Ball Mill For personal use only • 3 Stage Crusher • Ball Mill Merrill- Agitated Crowe Cyanide • Agitated Cyanide Leach Circuit Leach • Followed by: (a) Merrill - Crowe Circuit to Recover Ag and Au to Dore Ag, Au Dore (b) Flotation Circuit to Recover Additional Ag+Pb+Zn from Pr
Slide 18: Site Layout
Site Layout For personal use only ARGENT MINERALS LIMITED l www.argentminerals.com.au
Slide 19: Key Target Dates
Key Target Dates For personal use only • Metallurgical Testwork – April 2011 – Confirm processing route , recoveries and concentrate characteristics. • New Resource Statement – June 2011 – Incorporating planned infill and extensional drilling • Appoint Project Engineering Contractor – May 2011 – Dis
Slide 20: Key Advantages
Key Advantages For personal use only Resource Size Long mine life Reserves sensitive to commodity prices Potential to increase resources Short time to Production Feasibility work underway Targetting first production early 2013 Skilled labour pool Close to infrastructure Strong community & Govt relat
Slide 21: In Conclusion
In Conclusion ………ARGENT’S KEY AIM IS: For personal use only Producing Silver at Kempfield by Early 2013 ARGENT MINERALS LIMITED l www.argentminerals.com.au
Slide 22: Silver Price
For personal use only Silver Price ARGENT MINERALS LIMITED l www.argentminerals.com.au
Argent Minerals — Investor Presentation (February 2011) on 6ix