Argent Minerals Limited · ASX:ARD

Argent Minerals — Investor Presentation (August 2014)

28 slides from Argent Minerals's investor presentation, Aug 4, 2014

1. Slide 1: Investor Presentation: Gaining a Better Understanding of a Much Larger System

   For personal use only ARGENT MINERALS LIMITED ASX:ARD INVESTOR PRESENTATION GAINING A BETTER UNDERSTANDING OF A MUCH LARGER SYSTEM CORPORATE PRESENTATION 4 AUGUST 2014 12 MAY 2014

2. Slide 2: Disclaimer

   DISCLAIMER This investor presentation (Presentation) has been prepared by Argent Minerals Limited (ABN: 89 124 780 276) (Argent Minerals, Argent or the Company). It should For personal use only not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or

3. Slide 3: Argent at a Glance

   ARGENT AT A GLANCE Capital Structure Board & Management For personal use only Ordinary shares (ASX:ARD) 153.6M Stephen Gemell Chairman (Non-exec) B.Eng (Hons), FAusIMM (CP) Share price1 $0.03 David Busch Managing Director Market capitalisation1 $4.6M B.Eng, BSc, MAusIMM Cash1 $893,000 Marcus Michael

4. Slide 4: Business Model

   BUSINESS MODEL Strategy Primary Goals/Aspirations For personal use only ASX:ARD premium Leading Australian quality market valuation Exploration Polymetallic Producer 1.5 Mtpa, 20Y LOM Execution Expertise + technology + ‘can do’ + persistence Production Capital Efficiency Initial exploration goals/as

5. Slide 5: Argent Strategy: Three Key Elements

   ARGENT STRATEGY: THREE KEY ELEMENTS Exploration For personal use only Initial goals/aspirations: • Kempfield: +5 million tonnes, high grade lead/zinc focus - Feeder zone and multiple VMS lens potential • West Wyalong: drill large identified porphyry copper-gold target Efficient funding Feedstock Marke

6. Slide 6: Kempfield Advancing Firmly as a Polymetallic Project

   KEMPFIELD ADVANCING FIRMLY AS A POLYMETALLIC PROJECT INCREASED EXPOSURE TO ZINC AS MARKETS PRICE IN SUPPLY OUTLOOK For personal use only HISTORICAL LME ZINC SPOT AND STOCKS – 12 MONTHS ACTUAL UBS FORECAST1 1,200,000 $2,500 150,000 LME ZINC SPOT $2,500 ($/t, RHS) LME ZINC STOCKS 100,000 1,100,000 (to

7. Slide 7: JORC 2012 Resource Announced May 2014

   JORC 2012 RESOURCE ANNOUNCED 6 MAY 2014 52 MILLION OUNCES SILVER EQUIVALENT OF SILVER, LEAD, ZINC & GOLD For personal use only At cutoff grades 25 g/t (Oxide/Transitional) and 50 g/t Ag Eq (Primary): Silver Gold Lead Zinc In-situ Contained (Ag) (Au) (Pb) (Zn) Ag Equivalent1 Resource Grade Contained G

8. Slide 8: About the JORC 2012 Resource Upgrade

   ABOUT THE JORC 2012 RESOURCE UPGRADE § EXCELLENT RESULT FOR ARGENT For personal use only – Review process conducted by H&S Consultants – Database: clean bill of health through excellent QAQC – No change in Resource categories – ‘High Distinction’ score: 86% Measured/Indicated – Kempfield Resource r

9. Slide 9: Kempfield Exploration

   KEMPFIELD EXPLORATION KEY FOCUS OF THIS PRESENTATION For personal use only Exploration KEMPFIELD Initial goals/aspirations: • Kempfield: +5 million tonnes, high grade lead/zinc focus - Feeder zone and multiple VMS lens potential • West Wyalong: drill large identified porphyry copper-gold target Capi

10. Slide 10: Strategically Positioned in World-Class Neighbourhood

    STRATEGICALLY POSITIONED IN WORLD-CLASS NEIGHBOURHOOD § HIGHLY PRODUCTIVE GEOLOGICAL TERRANE For personal use only § COMPELLING PEER GROUP: RICH VMS DEPOSITS AT BASIN MARGINS New South Wales ENDEAVOUR CSA LACHLAN OROGEN PEAK GOLD Eastern Australian NYMAGEE COBAR BASIN Palaeozoic VMS HERA deposits*

11. Slide 11: Strong Peer Group Implies Significant Upside Potential

    STRONG PEER GROUP IMPLIES SIGNIFICANT UPSIDE POTENTIAL RESEARCH LED BY PROFESSOR ROSS LARGE For personal use only – Centre of Excellence in Ore Deposit Research (CODES)1: Key Features: Palaeozoic VMS Deposits Target Kempfield Comparison2 Major deposit size 15-90 Mt ✔ 21.8 Mt + significant potential

12. Slide 12: Genesis Model - Tectonically Distorted VMS Complex

    GENESIS MODEL 1 - TECTONICALLY DISTORTED VMS COMPLEX Original position of Kempfield VMS system For personal use only VMS DEPOSIT SPECTRUM Orange sediments 3 2 1 Silver/barite West-East section view Fluids Increasing lead/zinc Basin 4 volcanics Sydney KEMPFIELD margin rhyolite High grade lead/zinc +/

13. Slide 13: Genesis Model (Favoured) - Overturned VMS Mound

    GENESIS MODEL 2 (FAVOURED) – OVERTURNED VMS MOUND Original position of Kempfield VMS system For personal use only Basin VMS DEPOSIT SPECTRUM sediments Orange margin volcanoclastics 1 Silver/barite West-East section view 2 Increasing lead/zinc 3 Sydney KEMPFIELD 4 High grade lead/zinc +/- copper/gold

14. Slide 14: Substantial Open, Highly Prospective, Untested Areas

    SUBSTANTIAL OPEN, HIGHLY PROSPECTIVE, UNTESTED AREAS 4 km strike For personal use only potential IP chargeability anomalies1 ) margin (mV/V) < 0.5 basin 0.50 to 2.00 Open 2.00 to 4.00 zone ( 4.00 to 5.00 5.00 to 6.50 6.50 to 8.00 Open h fault ≥ 8.00 Known mineralisation Growt JORC 2012 Resource Colo

15. Slide 15: Rich Intercepts - New Third VMS Lens

    RICH INTERCEPTS - NEW THIRD VMS LENS 6,257,950mN 708,000mE 6,257,900mN 708,050mE 6,257,850mN 708,150mE 708,200mE 708,250mE For personal use only A ASection View BB (West) Simplified Section AB (East) 800mRL GKF119 A 96 16 m @ 1.77% Pb/Zn, 18 g/t -0 KF Ag & 0.18 g/t Au from 22 m G Stage 1 750mRL open

16. Slide 16: Exploration Strategy - Interpreted Lens/Feeder Focus

    EXPLORATION STRATEGY – INTERPRETED LENS/FEEDER FOCUS For personal use only Quarries Zone INTERPRETED VMS LENS AND d / zinc st FEEDER ZONE AREAS LENS 1 i n a g le the We a s (conceptual targets shown) LENS 2 Incre trend to Lead/zinc (%) r a d e t h LENS 3 g d a t dep 0.0 to 0.1 Colossal Reef an 0.1 t

17. Slide 17: Exploration Plan

    EXPLORATION PLAN § NEW GEOPHYSICAL TOOL IDENTIFIED FOR KEMPFIELD For personal use only – DHMMR1 for lead/zinc target definition (July 2014) – Confirmed complement to existing geophysics – Clear, strong response to known rich, low conductivity Kempfield lead/zinc mineralisation (West McCarron) – Pee

18. Slide 18: West Wyalong Exploration

    WEST WYALONG EXPLORATION KEY FOCUS OF THIS PRESENTATION For personal use only Exploration Initial goals/aspirations: • Kempfield: +5 million tonnes, high grade lead/zinc focus - Feeder zone and multiple VMS lens potential • West Wyalong: drill large identified porphyry copper-gold target WEST WYALON

19. Slide 19: West Wyalong Project Leaps Forward

    WEST WYALONG PROJECT LEAPS FORWARD § MAJOR DEPOSIT POTENTIAL INDICATED IN PROVEN PORPHYRY COPPER-GOLD AREA For personal use only § WEST WYALONG PROJECT NOW ON THE MAP New South Wales LACHLAN OROGEN Broken Hill Wyoming Peak Hill Holtermann Nugget Hill End 1872 Orange NORTHPARKES Sunny Corner CADIA

20. Slide 20: Magnetic Survey Reveals Large Porphyry Copper-Gold Target

    WEST WYALONG PROJECT LEAPS FORWARD MAGNETIC SURVEY REVEALS LARGE PORPHYRY COPPER-GOLD TARGET For personal use only ARGENT PROJECT EQUITY NOW 51% § Porphyry copper-gold signature indicated: coincident magnetic low and IP chargeability high anomalies in Ordovician volcanics WEST WYALONG EL 8001 § St

21. Slide 21: Argent in Summary

    ARGENT IN SUMMARY Exploration For personal use only Two strong projects with significant ‘Company Maker’ potential: • Kempfield: +5 million tonnes goal, high grade lead/zinc focus - Feeder zone and multiple VMS lens potential • West Wyalong: large identified porphyry copper-gold target Efficient fundi

22. Slide 22: Appendix A - Kempfield JORC 2012 Resource Statement Summary

    APPENDIX A – KEMPFIELD JORC 2012 RESOURCE STATEMENT SUMMARY KEMPFIELD JORC 2012 RESOURCE STATEMENT SUMMARY For personal use only Table 1.0 is a summary of the Kempfield mineral resource announced on 6 May, 2014. Table 2.0 shows the Resource tonnes and grades by Measured, Indicated and Inferred categ

23. Slide 23: Appendix A - Resource by Category

    APPENDIX A – KEMPFIELD JORC 2012 RESOURCE STATEMENT SUMMARY Table 2.0 – Resource by Category For personal use only In-situ Grade Grade (g/t) Grade (%) (Contained Ag Eq g/t) Resource Tonnes Silver Gold Lead Zinc Silver Equivalent Category (Ag) (Au) (Pb) (Zn) (Ag Eq) (Mt) Oxide/Transitional Measured 2

24. Slide 24: Appendix A - Measured and Indicated Contained Metal

    APPENDIX A – KEMPFIELD JORC 2012 RESOURCE STATEMENT SUMMARY Table 3.0 – Kempfield Resource tonnes and contained metal in Measured and Indicated categories For personal use only Contained Metal Resource Moz 000 oz 000 t 000 t In-situ Moz Tonnes Silver Gold Lead Zinc Silver Equivalent (Mt) (Ag) (Au) (

25. Slide 25: Appendix A - JORC 2012 Edition Table 1

    APPENDIX A - JORC 2012 EDITION TABLE 1 JORC 2012 EDITION TABLE 1 For personal use only KEMPFIELD CONCEPTUAL MODEL The following information is provided pursuant to the requirements of JORC 2012 Table 1 Sections 1, 2 and as applicable for ASX release related to this Presentation. Section 1 – Sampling

26. Slide 26: JORC 2012 Table: Reporting of Exploration Results

    APPENDIX A - JORC 2012 EDITION TABLE 1 Section 2 – Reporting of Exploration Results For personal use only Criteria Commentary Mineral tenement and land • Exploration Licence, Kempfield / EL5748, Trunkey Creek, NSW, held by Argent (Kempfield) Pty Ltd (100% interest), a wholly owned subsidiary of Arge

27. Slide 27: JORC 2012 Table: Reporting of Exploration Results (continued)

    APPENDIX A - JORC 2012 EDITION TABLE 1 Section 2 – Reporting of Exploration Results (continued) For personal use only Criteria Commentary Drill hole information • This Presentation does not report new drilling information. Data aggregation methods • This Presentation does not report new drilling or

28. Slide 28: Competent Person Statements

    COMPETENT PERSON STATEMENTS COMPETENT PERSON STATEMENTS For personal use only Exploration Results The information in this Presentation that relates to Exploration Results is based on information compiled by Dr. Vladimir David who is a member of the Australian Institute of Geoscientists, an employee

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