Argent Minerals Limited · ASX:ARD
Argent Minerals — Shareholder Meeting (November 2009)
28 slides from Argent Minerals's shareholder meeting presentation, Nov 30, 2009
Slide 1: Annual General Meeting 2009: A Retrospective and a Preview
For personal use only Annual General Meeting | 2009 A RETROSPECTIVE AND A PREVIEW
Slide 2: Disclaimer and Competent Persons Statement
For personal use only Disclaimer and Competent Persons Statement 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: Sunny Corner
For personal use only Statement of Resources and Competent Persons Statements SUNNY CORNER ‐ 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 milli
Slide 4: Statement of Resources and Competent Persons Statements: Kempfield
For personal use only Statement of Resources and Competent Persons Statements KEMPFIELD Resource estimate undertaken by Hellman and Schofield May 2009. Competent Person Statement The information in this report that relates to mineral resources on the Kempfield Tenements is based on information compi
Slide 5: The Assets
For personal use only The Assets 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 Fold Bel
Slide 6: Argent Minerals
For personal use only Argent Minerals Our main focus is on Kempfield Silver 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 a Silver project to become a self funded Mineral Exploration and Development company
Slide 7: Previous Milestones
For personal use only PREVIOUS MILESTONES Finance Listed April 2008, Raised $4.0 Million Raised $600,000 in October 2009 $2.3 million cash on hand at 30 Nov 2009
Slide 8: West Wyalong: Very Prospective Location
For personal use only West Wyalong Very Prospective Location Regional Glimore Suture, major gold and gold / copper deposits Cowal 2.8 mill ozs Gold Marsden 1.2 mill ozs Gold, 0.7 mill tonnes Copper Yiddah 0.97 mill ozs Gold, 0.2 mill tonnes Copper Local West Wyalong Goldfield, high grade (54 g/t gol
Slide 9: West Wyalong: Magnetics and Gravity
For personal use only West Wyalong: Magnetics and Gravity Exploration Target Co‐incident Gravity / Mag Anomaly 300m diamond tail on a 200m vertical RC hole recently completed Seven intersections totaling 72m to be sent for priority assaying Assays expected in December 2 out of the 4 vertical holes d
Slide 10: Kempfield
For personal use only Kempfield Drilled 86 holes for 4770 metres at Kempfield Increased resources to 13 million ozs of silver Critical mass achieved Metallurgical testing for heap leach shows 72% recoveries Scoping Study nearing completion (Heap Leach and Agitated Leach)
Slide 11: Kempfield Silver Scoping Study
For personal use only KEMPFIELD SILVER SCOPING STUDY Based on: 3.5 to 4.5 million tonnes of in‐pit silver ore Throughput of 600,000 tpa 6‐7 years Life of Mine Production of 1.0 to 1.5 million ozs of silver per year Heap Leach or Agitated Leach ?
Slide 12: Kempfield Prospects
For personal use only Kempfield Prospects
Slide 13: Kempfield Proposed Mine Layout
For personal use only 2000mE KEMPFIELD “Q” QUARRIES Proposed Mine Layout WASTE DUMP PIT 4000mN PONDS AND WATER RECLAIM ROM PLANT PAD AREA HEAP LEACH PADS BJ NORTH HEAP PIT LEACH PADS 3000mN McCARRON 1 BJ SOUTH PIT PIT McCARRON 2 “B” WASTE DUMP PIT McCARRON 3 PIT McCARRON 4 PIT Kempfield Proposed Min
Slide 14: Kempfield Silver: Heap Leach or Agitated Leach?
For personal use only KEMPFIELD SILVER HEAP LEACH OR AGITATED LEACH? Heap Leach Lower capex, lower opex, but lower recoveries and smaller output Agitated Leach Higher capex, higher opex, but higher recoveries and larger output Potential to treat gold mineralization eg. Mt Dudley and small regional d
Slide 15: Looking Forward: Proposed Timetable for Kempfield Silver Project
For personal use only LOOKING FORWARD Proposed Timetable for Kempfield Silver Project Scoping Study Finalised Feb. 2010 Bankable Feasibility Study Finalised Aug. 2010 Mining Lease + Development Approvals granted Sept. 2010 Finance Arranged + Decision to Mine Dec. 2010 Commence Construction of Mine a
Slide 16: Kempfield Exploration Potential
For personal use only Kempfield Exploration Potential
Slide 17: Kempfield Drilling
For personal use only Kempfield Drilling
Slide 18: Kempfield: Gold Potential
For personal use only Kempfield : Gold Potential 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 Programme bei
Slide 19: Trunkey Creek: Co-incident IP
For personal use only Trunkey Creek : Co‐incident IP
Slide 20: Mt Dudley
For personal use only Mt Dudley
Slide 21: Mt Dudley
For personal use only Mt Dudley
Slide 22: Sunny Corner
For personal use only Sunny Corner First major Silver Mine in Australia (1881 – 1893) Produced 210,000 tons ore, 2.9 million/ozs Silver (13.8 ozs/Ton) Grades from Bathurst Sunny Corner underground stopes commonly ran : Lithgow 630-790 ppm silver Sydney 4-6 g/t gold 50km 12-15% lead 0.8% copper 14% z
Slide 23: Sunny Corner: Long Section
For personal use only Sunny Corner : Long Section
Slide 24: Sunny Corner Milestones
For personal use only SUNNY CORNER MILESTONES Initial Inferred, Open Pittable, Resource established 1.5 mt @ 5.8% Lead/zinc, 0.4% Copper, 24 g/t Silver and 0.3 g/t Gold Flotation testwork undertaken ‐ 97% recovery to a bulk concentrate 21% Zinc, 14% Lead, 6.5% Copper and 306 g/t Silver Review of exp
Slide 25: Looking Forward
For personal use only Looking Forward … A Kempfield Silver Project could provide cash flow for 5‐7 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 Resource • Mark
Slide 26: 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 Silver project through to successful commissioning and operation Exposure to Silver price With added potential for exploration success at West Wyalon
Slide 27: Year Gold and Silver Prices Through November 2009
For personal use only 10 Year Gold and Silver Prices Through November 2009 1400 25 1200 20 1000 Silver Price (USD/oz) Gold Price (USD/oz) 15 800 Gold 600 Silver 10 400 5 200 0 0 Nov May Nov May Nov May Nov May Nov May Nov May Nov May Nov May Nov May Nov May Nov 99 00 00 01 01 02 02 03 03 04 04 05 05
Slide 28: Argent Minerals Limited | AGM November 2009
PP ARGENT MINERALS LIMITED ARGENT MINERALS LIMITED ARGENT MINERALS LIMITED | AGM November 2009
Argent Minerals — Shareholder Meeting (November 2009) on 6ix