Criteria

Commentary

Sampling techniques

• Hole AKDD178 at Kempfield deposit was sampled with Diamond drilling of size HQ to 44.9 m and NQ2 at the depth of 498.4 m.

The drill core is orientated using Ori Tool by the drilling contractor under Argent Minerals supervision. These orientations are extended onto the remainder of the core and metre marks for logging. The visible structural features (veins, bedding, foliation, faults) are measured against the core orientation marks. Selected drill core samples are cut in half and assayed at a duly certified assay laboratory, ALS Laboratory Services Pty Ltd in Orange (ALS). Core was prepared for analysis by cutting along the longitudinal line and then samples numbered as per the pre designed "cut-sheet".

Diamond drill core provides high quality samples that are logged for lithological, structural geotechnical, density and other attributes. Sampling is carried out under QAQC procedures as per industry best practice.

• Certified silver, gold and base metal standards are added every 25th sample. Core recoveries are made through a reconciliation of the actual core and the driller's records. Down hole surveys of dip and azimuth were conducted using a single shot electronic camera every 150 m to detect deviation of the hole from the planned dip and azimuth. The drill collar location is recorded using a hand held GPS, which has an accuracy of +/-5 m.

• Diamond drill core was drilled with HQ and NQ size and sampled as half core to produce bulk samples for assaying. Intervals vary from 0.5 to 1.5 m maximum and were selected with emphasis on geological control.

• Assays are conducted at ALS. Samples are crushed to 6mm and then pulverized to 75 microns. A 25 g split of the sample is fired assayed for gold. The lower detection limit for gold is 0.01 ppm, which is believed to be an appropriate detection level. All other elements including silver and base metals are analysed using an acid digest and an ICP finish.

Drilling techniques

• Hole AKDD178 was started with HQ size Diamond core and continued until 44.9 m depth, and then changed to NQ size to allow lifts in dip for testing thicker stratigraphic packages; the hole was completed to a length of 498.4 m.

• The core is orientated and marked by the drilling contractor under Argent minerals supervision. The core is orientated using Ori Tool electronic core orientation.

Drill sample recovery

• Diamond core recoveries were recorded during drilling and reconciled during the core processing and geological logging. There was a consistent competency encountered in the rocks during drilling and no significant drill core loss occurred during drilling.

• Core is measured at one (1) metre intervals and marked after each drill run using wooden blocks calibrating depth. Adjusting rig procedures as necessary including drilling rate, run length and fluid pressure to maintain sample integrity.

• To date, no detailed analysis to determine relationship between sample recovery and gold/silver/base metals grade has been undertaken for this Diamond drilling.

Logging

• Geological logging recorded lithology, alteration, mineralisation, veining and structures (faults and foliation).

• Logged as both qualitative (discretional) and quantitative (percent volume). Core is photographed wet.

• The holes are geologically and geotechnically logged for hundred per cent (100%) of the hole length.

Sub-sampling techniques

• HQ and NQ core are cut in half using a brick Diamond saw. All samples are collected from the same side of the drill core. The full half-core is submitted for analysis.

and sample separation

• The rotary collar (1m) from the Diamond hole was restricted to the transported soil and sample is not taken from this interval.

• Diamond core was drilled with HQ and NQ and sampled as complete half core to produce bulk samples for analysis.

• Drill core is cut in half along the length and the total half core submitted as the sample. This meets industry standards where 50% of the total sample taken from the Diamond core is submitted for assaying. Only selected intervals were submitted for assaying.

• The retention of the remaining half-core is an important control as it allows assay values to be determined against the actual geology, and where required, quarter core samples may be submitted at a later date for assurance. No resampling of quarter core or duplicated has been performed at this stage of the project.

• The sample sizes are appropriate for correctly representing the sulphide mineralisation at Kempfield project based on style of mineralisation and consistency of the intersections and the sampling methodology.

Quality of assay data

and laboratory tests

• Samples are crushed to 6mm and then pulverized to 75 microns. A 25g split of the sample is fired assayed for gold. The lower detection limit for gold is 0.01 ppm, which is believed to be an appropriate detection level. All other elements including silver and base metals will be analysed using an acid digest and an ICP finish.

• Where deemed appropriate by the laboratory, a repeat assay is performed on the remaining half of the sample split by the same technique. (See under column heading 'AuAA25D' in results tables).

• No geophysical tools or handheld XRF instruments were used.

• Laboratory QAQC involves use of internal Lab standards using certified reference material, blanks, splits and replicates as part of in house procedures. The company Argent Minerals will also submit an independent suite of CSMs and blanks.

Verification of sampling and assaying

• Initial internal verification only, progressing to independent verification for resource statement purposes.

• No twinned holes were drilled.

• Standard Industry Practice - samples logged on-site with resulting data digitally entered upon return to site office, subsequently entered into project database and verified at head office. Multiple data backups (both hard and soft copy) are employed both on and off site.

• No adjustment or calibration will be made on any primary assay data collected at Causeway-Kempfield for purposes of reporting assay grade and mineralised intervals. For the purposes of geological analysis, standards and recognized factors may be used to calculate the oxide form from assayed elements, or

to calculate free mineral levels in rocks.

Location of data points

• Down hole surveys of dip and azimuth were conducted using a single shot electronic camera every 150 m to detect deviation of the hole from the planned dip and azimuth.

• The drill collar location of AKDD178 is recorded using a hand held GPS, which has an accuracy of +/-5 m.

• GDA 94 MGA Zone 55.

• Best estimated RL is assigned from the digital terrain model (DTM) and will be corrected at a later stage.

Data spacing and distribution

• The current phase of drilling program comprises two drill holes along a possible mineralised zone for a combined length of more than 1100 m.

• Exploration is in a reconnaissance stage - data are not used at this point for Mineral Resource estimation.

• Samples are taken as one metre lengths, and adjusted where necessary to reflect local variation in geology or where visible mineralised zones are encountered, in order to preserve the samples as representative. Only selected intervals were submitted.

Orientation of data in relation to geological

• The hole AKDD178 was drilled towards east at a dip angle of 55°- 45° to intersect the interpreted geology perpendicular to stratigraphy.

structure

• No orientation based sampling bias has been identified in the data to date.

Sample security

• Standard Industry Practice - each sample contained within a calico bag with every ten calicos enclosed within a polyweave sack and in turn locked up within a sturdy sealable waterproof container.

Audits or reviews

• Quality assurance and quality control protocols have been adequately employed. Sampling techniques and procedures are regularly reviewed internally, as is data. Quality assurance and quality control protocols have been adequately employed.

Criteria

Commentary

Mineral tenement and land tenure status

• Exploration Licence, Kempfield / EL5748, Trunkey Creek, NSW, held by Argent (Kempfield) Pty

Ltd (100% interest), a wholly owned subsidiary of Argent Minerals Limited. There are no overriding royalties other than the standard government royalties for the relevant minerals.

• Argent Minerals has freehold title to the land which has historically been employed for pastural usage. Heritage items have been identified on the property. On 29 April 1997 a native title claim (Gundungurra Application #6) was lodged over a very large area that includes Kempfield. A single counterparty only, the Gundungurra Tribal Council Aboriginal Corporation, has responded to Argent Minerals advertisements as part of the standard "right to negotiate" process, and is the sole registrant.

• The Company's Exploration Licence renewal application for the full licence area for a three (3) year term has been approved to July 2015.

Exploration by other parties

• Argent Minerals Limited through its wholly owned subsidiary Argent (Kempfield) Pty Ltd is the sole operator of the project. Argent Minerals introduced best industry practice work.

• Kempfield has been explored for more than forty years by several exploration companies as set out in Table 1.2.1.

Table 1.2.1 - Exploration history

Company Period Exploration activities

Argent Minerals 2007-current Drilling, VTEM survey, pole-dipole IP survey, gravity survey, ground EM and down-hole EM survey

Golden Cross 1996-2007 Drilling and high resolution airborne magnetic survey

Jones Mining 1982-1995 Drilling

Shell 1979-1982 Drilling, ground EM survey, dipole-dipole IP survey, and soil sampling

Inco 1972-1974 Drilling

• Earlier exploration was performed to the industry standard of the time; available QAQC indicates that the historical data is reasonable and suitable for use in Mineral Resource estimates.

Geology

• The deposit type is Volcanogenic Massive Sulphide (VMS);

• The geological setting is Silurian felsic to intermediate volcaniclastics within the intra-arc Hill End

Trough in the Lachlan Orogen, Eastern Australia; and

• The style of mineralisation comprises stratiform barite-rich horizons hosting silver, lead, zinc, +/- gold.

Drill hole

Information

• Drillhole collar AKDD178:

- 707,830 mE; 6,258,475 mN;

- Elevation 790 mRL;

- Dip 55 °; Azimuth 105°;

- Final depth 498.4 m.

Data

• No weighting average techniques, or cutoff grades employed at this point.

aggregation

methods

• Results are estimated on visual observation of alteration intensity and amount of sulphides by geologist and supported by photographs.

• No metal equivalent values employed in this report.

Relationship between mineralisation widths and intercept lengths

• Mineralisation dips steeply westward at approximately 80° - 85°. Drillhole AKDD178 was drilled towards the East.

• The true width is approximately 60% to 70% of down hole length for hole AKDD178.

• Down hole lengths are reported.

AuAA25 ME-ICP41 AuAA25D Average

Hole_ID From To Sample Sample Submittal Au Ag Au Au

(m) (m) Number Type Number (ppm) (ppm) (ppm) (ppm)

AKDD178 345.0 346.0 1133045 Half NQ 294056 0.06 0.06

AKDD178 346.0 347.0 1133046 Half NQ 294056 0.21 0.2 0.21

AKDD178 347.0 348.0 1133047 Half NQ 294056 0.23 0.2 0.23

AKDD178 348.0 349.4 1133048 Half NQ 294056 0.01 0.01

AKDD178 349.4 350.0 1133049 Half NQ 294056 0.03 0.3 0.03

AKDD178 399.0 400.0 1133055 Half NQ 294056

Diagrams

• No diagrams in this report - preliminary results only at this point.

Balanced reporting

• All significant results are reported.

Other substantive exploration data

• All available exploration data relevant to this report has been provided.

Further work

• Down Hole EM survey(s) will be conducted; results will be interpreted in conjunction with logged geology and obtained geochemistry.