Argent Minerals Limited · ASX:ARD
Argent Minerals — Diggers and Dealers 2015
25 slides from Argent Minerals's conference presentation, Aug 4, 2015
Slide 1: Drill Testing Kempfield for Australia's Next High Grade Lead/Zinc Discovery
ARGENT MINERALS LIMITED ASX:ARD DIGGERS AND DEALERS AUGUST 2015 For personal use only DRILL TESTING KEMPFIELD FOR AUSTRALIA’S NEXT HIGH GRADE LEAD/ZINC DISCOVERY
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
Slide 3: Argent at a Glance
ARGENT AT A GLANCE Capital Structure Board & Management For personal use only Ordinary shares (ASX:ARD) 201.5M Stephen Gemell Chairman (Non-exec) B.Eng (Hons), FAusIMM (CP) Share price1 $0.022 David Busch Managing Director Market capitalisation1 $4.43M B.Eng, BSc, MAusIMM Cash2 $606,000 Sarah Shipwa
Slide 4: Why Invest in Argent Minerals
WHY INVEST IN ARGENT MINERALS § BOARD AND MANAGEMENT EXPERIENCE For personal use only – Depth of experience: mining, financial & commodities markets, corporate governance – Exploration track record in Volcanogenic Massive Sulphide (VMS) discovery • High calibre technical team, aided by specialist i
Slide 5: 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 Production Capital Efficiency Exploration – significant upside potential • Kempfield additional tonnes high
Slide 6: Argent Strategy: Three Key Elements
ARGENT STRATEGY: THREE KEY ELEMENTS Exploration For personal use only Initial goals/aspirations: • Kempfield: Additional 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
Slide 7: Kempfield Polymetallic Project
For personal use only KEMPFIELD POLYMETALLIC PROJECT LACHLAN OROGEN CADIA SYDNEY KEMPFIELD 7
Slide 8: Strategically Positioned in World-Class Neighbourhood
STRATEGICALLY POSITIONED IN WORLD-CLASS NEIGHBOURHOOD § HIGHLY PRODUCTIVE GEOLOGICAL TERRANE For personal use only § COMPELLING PEER GROUP: RICH BASIN MARGIN POLYMETALLIC DEPOSITS New South Wales LACHLAN OROGEN Eastern Australian Toho Zinc Palaeozoic Glencore Volcanogenic Massive Aurelia/ Sulphide
Slide 9: Kempfield Positioning within Peer Group
KEMPFIELD POSITIONING WITHIN PEER GROUP EASTERN AUSTRALIAN PALAEOZOIC VMS DEPOSITS For personal use only 10.0 Rosebery Hellyer Woodlawn ? Contained base metals (Cu+Pb+Zn) (Mt) Thalanga ? 1.0 Hercules • Historic grades of up to 21.4% Prince Lyell Captains Flat Currawong Que River combined Cu/Pb/Zn re
Slide 10: Substantial Open, Highly Prospective, Untested Areas
SUBSTANTIAL OPEN, HIGHLY PROSPECTIVE, UNTESTED AREAS 4 km strike IP chargeability anomalies1 For personal use only potential (mV/V) ) < 0.5 margin 0.50 to 2.00 2.00 to 4.00 4.00 to 5.00 basin Open 5.00 to 6.50 6.50 to 8.00 zone ( ≥ 8.00 Open h fault Known mineralisation JORC 2012 Resource Growt Incr
Slide 11: Base Metal Potential Identified to the West and at Depth
BASE METAL POTENTIAL IDENTIFIED TO THE WEST AND AT DEPTH For personal use only LENS 2 – Quarries (1.7 Mt) 2.1% Pb/Zn & 0.05 g/t Au INTERPRETED VMS LENS AND LENS 2 – McCarron (5.8 Mt) 2.2% Pb/Zn & 0.18 g/t Au FEEDER ZONE AREAS (Conceptual targets shown, to be adjusted a d / zinc st g le the We LENS 1
Slide 12: Deposit Model Validated by Diamond Drilling
DEPOSIT MODEL VALIDATED BY DIAMOND DRILLING Original volcanogenic massive sulphide (VMS) For personal use only Basin sediments VMS DEPOSIT ZONATION mound formation margin volcanoclastics Silver/barite 1 2 Increasing lead/zinc grades 3 Hydrothermal fluid convection High grade lead/zinc 4 +/- copper/g
Slide 13: High Grade Lead/Zinc Target Zone
HIGH GRADE LEAD/ZINC TARGET ZONE AKDD159 For personal use only 18 m @ 9.8% Pb/Zn, 113 g/t Ag & 0.26 g/t Au from 85 m AKDD178 including: 5m @ 4 g/t Au from 353 m 5 m @ 17.9% Pb/Zn, 259 g/t Ag & 0.34 g/t Au from 88 m B A West East X High grade Pb/Zn target zone X Lens 3 Lens 2 Lens 1 Au +/- Cu Pb/Zn/A
Slide 14: Drill Testing for Lens Extensions at Depth (Example)
DRILL TESTING FOR LENS EXTENSIONS AT DEPTH (EXAMPLE) 707,950mE 708,000mE 708,050mE 708,100mE 708,150mE 708,200mE 708,250mE 800mRL 800mRL For personal use only A (West) B (East) 9 D15 AKD Hole 4 600 m 750mRL 750mRL 16 m @ 1.77% Pb/Zn, 18 g/t Ag & 0.18 g/t Au from 22 m AKRC136 48 m @ 4.33% Pb/Zn, 43 g
Slide 15: Extended Reach Deep Diamond Drill Program to Start
EXTENDED REACH DEEP DIAMOND DRILL PROGRAM TO START 707,000 mE 707,500 mE 708,000 mE 708,500 mE 709,000 mE For personal use only 7 additional deep holes for 3,200 metres to test LEGEND N for depth extensions and additional lenses MMC conductive 1 zones & follow up QUARRIES ZONE priorities 50 MMC Resp
Slide 16: Advancing as a Polymetallic Project
ADVANCING AS A POLYMETALLIC PROJECT INCREASED EXPOSURE TO ZINC AS MARKETS PRICE IN SUPPLY OUTLOOK For personal use only 10 YEAR HISTORICAL LME ZINC SPOT PRICE AND STOCK LEVELS ZINC DEFICIT FORECAST1 $5,000 1,400,000 150,000 LME ZINC SPOT ($/t, LHS) LME ZINC STOCKS $4,500 100,000 (tonnes, RHS) 1,200,
Slide 17: Wealth Generation Potential – Mallee Bull Example
WEALTH GENERATION POTENTIAL – MALLEE BULL EXAMPLE For personal use only $A0.220 $A29,416,913 Drill testing Kempfield for Australia’s next high grade lead/zinc discovery 17
Slide 18: West Wyalong Project
For personal use only WEST WYALONG PROJECT Drill testing Kempfield for Australia’s next high grade lead/zinc discovery 18
Slide 19: West Wyalong Project Leaps Forward
WEST WYALONG PROJECT LEAPS FORWARD MAGNETIC SURVEY REVEALS LARGE PORPHYRY COPPER-GOLD TARGET For personal use only ARGENT PROJECT EQUITY NOW 51% WITH RIGHT TO EARN 70% 37 km to Lake Cowal § Porphyry copper-gold signature indicated: coincident magnetic low and IP chargeability high anomalies in Ordo
Slide 20: Summary
SUMMARY § KEMPFIELD – DRILL TESTING THE HIGH GRADE VMS POTENTIAL For personal use only – Significant (21.8 Mt) Mineral Resource – JORC 2012 compliant (upgrade-ready) – Extended reach deep diamond drilling program – 7 holes for 3,200 metres • Targeting high grade base and precious metals • Drilling
Slide 21: Contact Details
CONTACT DETAILS § WEBSITE www.argentminerals.com.au For personal use only § MANAGING DIRECTOR – David Busch – Mobile 0415 613 800 – Email david.busch@argentminerals.com.au Drill testing Kempfield for Australia’s next high grade lead/zinc discovery 21
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
Slide 23: Appendix A – Kempfield JORC 2012 Resource Statement Summary
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
Slide 24: Appendix A – Kempfield JORC 2012 Resource Statement Summary
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) (
Slide 25: Competent Person Statements
COMPETENT PERSON STATEMENTS COMPETENT PERSON STATEMENTS For personal use only Previously Released Information This Presentation contains information extracted from the following reports which are available for viewing on the Company’s website http://www.argentminerals.com.au : • 10 March 2014 Assays