Argent Minerals Limited · ASX:ARD
Argent Minerals — Resourcefull Events Investor Series (June 2008)
25 slides from Argent Minerals's conference presentation, Jun 5, 2008
Slide 1: Argent Minerals Limited
—, ARGENT MINERALS LIMITED ARGENT
Slide 2: Disclaimer
Disclaimer 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 projections. Such forecasts and inform
Slide 3: Snapshot
For personal use only Snapshot Listed 3 April 2008 Shares on Issue 41.9 MILLION Share Price range 18 – 24 cents Market Cap at 20c $ 8.4 million Cash at 31 March 2008 $ 4.2 million
Slide 4: 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 5: The Assets
The Assets For personal use only RIGHTS TO 70% EARN INTEREST IN THREE TENEMENTS - Kempfield - JORC Standard Resources, Ag, Pb, Zn, Ba ($2.7 million) - Sunny Corner - Historic Silver Mines ($0.7 million) - West Wyalong - Historic Gold Mines ($1.0 million) 500 km NEW SOUTH WALES All located in NSW’s L
Slide 6: Silver Assets
Silver Assets For personal use only Kempfield - JORC Resources (60 g/t Ag cut-off) 3.7 MT at 94.7 g/t Ag, 1.16% Pb/Zn, 26.3% Barite - 74% Measured and Indicated - Containing 11.3 Moz Silver, 1.0 Mt Barite - Excellent exploration potential Sunny Corner - Potential resource of Cu / Pb / Zn / Ag / Au -
Slide 7: Kempfield
Kempfield For personal use only 3 kms long Barite Horizon with six deposits Measured, Indicated and Inferred Resources of 3.7 Million Tonnes (at 60 g/t Ag cut-off) Grade Contained Metal Silver 94.7 g/t 1.3 Million Ozs Lead 0.47% 17,000 Tonnes Zinc 0.70% 26,000 Tonnes Barite 26% 1 Million Tonnes (Mea
Slide 8: Kempfield: Moving quickly to establish development potential
Kempfield For personal use only Moving quickly to establish development potential Currently Drilling to increase and improve the resource Objectives : -More tonnes -More contained Silver -Higher grade Lead / Zinc First drilling program done – McCarron Zone Further 5000 metres planned for 2008 All 6
Slide 9: Kempfield drilling
For personal use only Kempfield drilling
Slide 10: McCarron West Long Section
For personal use only McCarron West Long Section
Slide 11: Kempfield VTEM Survey
Kempfield VTEM Survey For personal use only Magnetic Background 1 Moderate Anomaly - Red 5 Weak-Moderate - Green
Slide 12: Heap Leach Option Kempfield
Heap Leach Option Kempfield For personal use only Potential for early cash flow from low capex HL operation Current Oxide and Transitional Resource Column leach testing planned to determine HL recoveries of silver Results in 2-3 months If recoveries satisfactory, undertake FS with a view to producti
Slide 13: Kempfield sulphide treatment potential
……… Kempfield For personal use only Potential to treat sulphides to produce Ag, Pb, Zn and Barite concentrates Review 2001 Study if resource extensions warrant Ag, Pb, Zn prices increased markedly since 2001 Potential for Sunny Corner to supply higher grade ore ?
Slide 14: Bathurst Sunny Corner
Bathurst Sunny Corner Sunny Corner Lithgow Sydney For personal use only 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 15: Sunny Corner
Sunny Corner For personal use only GCR Exploration (2004) -4090 metres of RC drilling to test old workings (49 Holes) GSC003 24m @ 0.74% Cu, 5.30% Pb, 9.49% Zn, 5.17 g/t Au, 109.7 g/t Ag GSC006 34m @ 1.01% Cu, 2.46% Pb, 6.63% Zn, 0.12 g/t Au, 49 g/t Ag GSC036 28m @ 1.32% Cu, 6.45% Pb, 12.86% Zn, 0.5
Slide 16: Sunny Corner (cont)
Sunny Corner ….(cont) For personal use only A tabular body of mineralisation outlined Geological Model produced but no JORC Standard Resource VTEM results - 14 Anomalies ranging from strong through weak-moderate - Modelling and on-ground inspections planned to identify drill targets
Slide 17: Sunny Corner VTEM Survey
Sunny Corner VTEM Survey For personal use only Magnetic Background 2 Strong Anomalies – Purple 5 Moderate Anomalies – Red 7 Weak-Moderate Anomalies – Green
Slide 18: Gold and Silver Price Movements 2003-2008
Gold and Silver Price Movements 2003-2008 For personal use only Index of Gold & Silver Price Movements Silver Gold IRIS 2008 YEARS
Slide 19: Barite – what is it?
Barite – what is it? For personal use only ¾ Barite is the mineralogical name for barium sulphate (BaSO4) ¾ From the Greek word “barus” meaning heavy ¾ The useful properties of barite are its very high specific gravity (4.5) and chemical inertness
Slide 20: Barite – production and uses
Barite – production and uses For personal use only ¾ World production 8mtpa ¾ Main producers are China and India ¾ Australian production ~ 20 ktpa ¾ Main applications are ¾ Drilling muds (85%) ¾ Industrial fillers and chemicals (15%) Source: Industrial Minerals March 2008
Slide 21: Barite – drilling applications
Barite – drilling applications For personal use only ¾ Main use of barite is as a weighting agent particularly in drilling muds used in the oil industry ¾ Key property is high specific gravity (4.2 minimum) ¾ Barite supply is tightening ¾ Typical prices >US$100/MT FOB ¾ Upward price pressure
Slide 22: Barite – other applications
Barite – other applications For personal use only Barite is widely used in a diverse range of applications including ¾ Paints, plastics and rubber ¾ Mold release in metal casting ¾ Cathode ray tubes in television and computer monitors ¾ Concrete additive for radiation shielding ¾ Barium meal for X-r
Slide 23: Barite
Barite For personal use only Kempfield Resource 1Million Tonnes (3.7 MT @ 26% Ba) Readily floatable to produce low cost, high quality concentrates Australasian consumption largely met by imports This (plus exports ?) provides potential market for Kempfield Barite Argent is seeking market opportuniti
Slide 24: Achievements Since Listing on 3 April 2008
For personal use only Achievements Since Listing on 3th April 2008 Three new EL’s granted adjacent to existing EL’s Drilling started at Kempfield to increase resources VTEM Survey undertaken and results announced Drilling at Kempfield for metallurgical samples imminent
Slide 25: Argent Minerals Limited
—, ARGENT MINERALS LIMITED ARGENT
Argent Minerals — Resourcefull Events Investor Series (June 2008) on 6ix