Argent Minerals Limited - VOLCANOGENIC MASSIVE SULPHIDE (VMS) MINERALISATION EXTENDED AT KEMPFIELD NW ZONE

About this update from Argent Minerals Limited

Argent Minerals Limited (ASX: ARD) ('Argent' or 'the Company') is pleased to announce it has received all assay results from the latest RC drilling program at its 100%-owned Kempfield NW Prospect within the Kempfield Project in New South Wales . Reverse Circulation (RC) Drilling Program During September 2024 , a total of 22 scout reconnaissance RC drillholes totalling 1,141m were completed at the Kempfield NW Prospect. This marked the first drilling activity conducted in the area which had previously been untested. The drillholes targeted high-grade surface geochemical anomalies identified during Q2/Q3 2024. Argent Managing Director Mr Pedro Kastellorizos commented: 'We are extremely pleased with the recent VMS discoveries east and southeast, as well as northeast of the main Kempfield Polymetallic Deposit. The delineation of silver and base metal mineralisation over the Kempfield NW Zone demonstrates a strong continuation of mineralised extensions along strike from Lode 300 Mineralised Block. These assay results, from limited drilling completed by Argent Minerals , reinforce the significant upside potential of the Kempfield Project as we expand the mineralised footprint well beyond the current Kempfield Deposit. The discoveries have potential for a major VMS cluster system with the team planning to test additional regional targets. We look forward to updating the market with further drilling results from the Kempfield NW Zone drilling programme.' In March 2024 , Argent announced the discovery of the Kempfield NW and NE Zones by rock chip sampling. These zones are considered as potential mineralised extensions of the Kempfield Deposit along strike from Lode 300 Block. High-grade assay results received from the Kempfield NW Zone included silver assays up to 177 g/t Ag, 1.89% Pb and 1.21% Zn (ASX Announcement 27 March 2024 : Massive Silver-Base Metal Discovery NE of Kempfield Deposit). Kempfield NW RC Drilling Results RC drillholes AKRC287 to AKRC288 were designed to test the central mineralised gossan 50m to the north of RC drillholes AKRC244 and AKRC245. Drillhole AKRC244 intersected the largest mineralised zone containing 47m of silver-base metal mineralisation averaging 10.18 g/t silver with 0.30% lead-zinc from 1m down hole, including 12m @ 27.04 g/t silver with 0.32% lead-zinc from 21m, confirming that the strong mineralisation dipping to the west. Drillhole AKRC245 intersected gold from 2m averaging 3.40 g/t Au within a 18m copper lead-zinc mineralised zone (ASX Announcement 14 October 2024 : Exceptional Drilling Results from Kempfield NW Zone ). AKRC255, AKRC261 and AKRC262, located 300m northeast from AKRC287 and AKRC288, were designed to drill test the northern portion of the outcropping mineralised gossan. Shallow mineralised silver-base metal lodes dipping sub-vertically to the west were intersected along sections 6261125N and 6261145N. Drillhole AKRC255 intersected 23m @ 12.60 g/t Ag & 0.42% Cu+Pb+Zn from 3m within mineralised gossan including 7m @ 18.73 g/t Ag & 0.51% Cu+Pb+Zn from 3m and 2m @ 13.05.30 g/t Ag & 0.19% Cu+Pb+Zn from 32m. Drillhole AKRC261 intersected 11m @ 23.82 g/t Ag & 0.38% Cu+Pb+Zn from 4m within mineralised gossan including 5m @ 42.52 g/t Ag & 0.55% Cu+Pb+Zn from 6m. Drillhole AKRC262 intersected 15m @ 15.31 g/t Ag & 0.85% Cu+Pb+Zn from 5m within mineralised gossan including 4m @ 26.5 g/t Ag & 1.08% Cu+Pb+Zn from 15m. About Kempfield Resource Estimation The Kempfield Silver Deposit Mineral Resource estimate for all categories was upgraded to 63.7Mt @ 69.75 g/t silver equivalent for 142.8 million ounces Ag Eq, containing of 65.8Moz silver, 125,192 oz gold, 207,402t lead & 420,373t zinc (ASX Announcement 25 July 2024 : Significant Silver Resource Upgrade over Kempfield Deposit). Contact: Pedro Kastellorizos Managing Director/Chief Executive Officer Argent Minerals Limited Email: [email protected] Competent Persons Statement The information in this report / ASX release that relates to Mineral Resources Estimation is based on information compiled and reviewed by Mr. Alfred Gillman , Director of independent consulting firm, Odessa Resource Pty Ltd. Mr. Gillman , a Fellow and Chartered Professional of the Australasian Institute of Mining and Metallurgy (the AusIMM) and has sufficient experience relevant to the styles of mineralisation under consideration and to the activity (C) 2025 Electronic News Publishing, source ENP Newswire

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