Argent Minerals Limited · ASX:ARD
Argent Minerals — Shareholder Meeting (November 2016)
15 slides from Argent Minerals's shareholder meeting presentation, Nov 1, 2016
Slide 1: Argent Minerals Limited 2016 Annual General Meeting of Shareholders
ARGENT MINERALS LIMITED ASX:ARD 2016 Annual General Meeting of Shareholders
Slide 2: 2016 Highlights
2016 HIGHLIGHTS § CASHED UP FOR DRILLING – $1.75 million from heavily oversubscribed capital raising1 – $1.4 million cash as at 30 September 2016 – $200,000 funding award from NSW Government § KEMPFIELD DRILLING – MAJOR BREAKTHROUGHS § PINE RIDGE GOLD MINE ACQUISITION AND RESULTS § WEST WYALONG DRIL
Slide 3: Kempfield Polymetallic Project
KEMPFIELD POLYMETALLIC PROJECT LACHLAN OROGEN CADIA SYDNEY KEMPFIELD 3
Slide 4: Kempfield Conceptual Deposit Model Being Tested by Diamond Drilling
KEMPFIELD CONCEPTUAL DEPOSIT MODEL BEING TESTED BY DIAMOND DRILLING Original volcanic hosted massive sulphide (VHMS) Basin sediments DEPOSIT METAL ZONATION deposit formation margin volcanoclastics Silver/barite 1 ✔ Upper Kempfield 2 Increasing lead/zinc grades 3 Hydrothermal High grade lead/zinc Low
Slide 5: Kempfield Project Evolution: High Grade Lead/Zinc Target Zone + Gold
KEMPFIELD PROJECT EVOLUTION HIGH GRADE LEAD/ZINC TARGET ZONE + GOLD AKDD181 Bonanza gold intersection 1.0 m @ 0.08% Pb/Zn, 143 g/t Ag & 1065 g/t Au from 97 m 1.8 m @ 0.07% Pb/Zn, 1.21% Cu, 50 g/t Ag & 2.99 g/t Au from 136.8 m AKDD178 AKDD159 5 m @ 4 g/t Au from 353 m 18 m @ 9.8% Pb/Zn, 113 g/t Ag &
Slide 6: Major Breakthroughs Achieved by 2016 Drilling
MAJOR BREAKTHROUGHS ACHIEVED BY 2016 DRILLING § Lithology and host horizons N § Potential extensions Lithology Table Volcanic breccia Lower Volcaniclastic sandstone & Kempfield silstone (oldest) Volcanic tuff Mass flow epiclastics Upper Volcaniclastic conglomerate Kempfield (youngest) Greywacke Lime
Slide 7: Gold Trend and VHMS Lens Continuity Confirmed
GOLD TREND AND VHMS LENS CONTINUITY CONFIRMED West East § Kempfield North: – VHMS lens continuity confirmed at depth and along strike to the north Gold occurrences VHMS sulphide lenses Mass flow epiclastics Volcaniclastic siltstone Volcaniclastic conglomerate Greywacke Shale Volcaniclastic sandstone
Slide 8: Massive Sulphides Intersected
MASSIVE SULPHIDES INTERSECTED AKDD191 core samples including intersection of massive sphalerite and minor galena from 97.8 m to 98.5 m 8
Slide 9: Southern Area to Be Tested
SOUTHERN AREA TO BE TESTED § Southern area historically assumed to be closed off – Diamond drilling results suggest otherwise § Possible primary feeder zone in south, with secondary feeder zones along strike to the north – Potential high temperature zone – Untested magnetic feature in Kempfield Sout
Slide 10: Trunkey-Kings Plains Gold
TRUNKEY-KINGS PLAINS GOLD Satellite feedstock strategy 680,000 mE 690,000 mE 700,000 mE 710,000 mE 720,000 mE 6,310,000 mN 6,310,000 mN § – Multiple satellite mines for feeding into the central Kempfield 6,300,000 mN 6,300,000 mN processing operation – Pine Ridge gold mine is a good fit CADIA – Trun
Slide 11: Argent Strategic Position at West Wyalong
ARGENT STRATEGIC POSITION AT WEST WYALONG Au and Cu-Au TARGETS CONFIRMED IN GOLD PRODUCING REGION ARGENT PROJECT EQUITY 51%, RIGHT TO EARN 70% Evolution US$550 M acquisition from Barrick EVN binding A$10 M acquisition agreement with 37 km to Cowal mine 37 km to Lake Cowal mine (ASX:EVN announcement
Slide 12: Coincident Magnetic, IP Chargeability Highs and Anomalous Geochemistry
COINCIDENT MAGNETIC, IP CHARGEABILITY HIGHS AND ANOMALOUS GEOCHEMISTRY 526000E 527000E 528000E 529000E § Coincident anomalies: N – Magnetic low within magnetic high region (diagram previous page) 6242000N 6242000N – IP chargeability high – Shallow gold intersections 6241000N 6241000N Theia New IP ch
Slide 13: FY2016/17 Drill Programs
FY2016/17 DRILL PROGRAMS § UNDER PREPARATION, SUBJECT TO ACCESS, REGULATORY APPROVAL AND WEATHER § KEMPFIELD DRILL TEST OF SOUTHERN AREA AND POTENTIAL MINERALISED EXTENSIONS – To commence as soon as possible in 2016, and continuing into early 2017 § PINE RIDGE GOLD MINE QA/QC DIAMOND HOLES – To foll
Slide 14: Contact Details
CONTACT DETAILS § WEBSITE www.argentminerals.com.au § MANAGING DIRECTOR – David Busch – Mobile 0415 613 800 – Email [email protected] 14
Slide 15: Competent Person Statements
COMPETENT PERSON STATEMENTS COMPETENT PERSON STATEMENTS 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 : • 13 May 2016 West Wyalong IP survey reveals
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