| 29 Jun 2016 Presentation to Investors | |
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Presentation to investors 20160629
ARGENT MINERALS LIMITED
ASX:ARD
Heavily oversubscribed capital raising to expedite drilling- announced 28 June 2016
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Ordinary shares
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58,500,0005
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Issue price
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$0.030
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2:1 attaching options, to be listed on the ASX5
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$0.10 strike price, expiry date
27 June 2019
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Total raised
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$1.75M5
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Capital Structure
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Ordinary shares (ASX: ARD)
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300.3M
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Share price1
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$0.027
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Market capitalisation1
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$8.1M
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Cash2
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$1.4M
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Options3
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6.57M
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ASX Listing
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3 April 2008
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Top 20 shareholders4
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42%
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Purpose of the capital raising
Board & Management
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Stephen Gemell
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Chairman (Non-exec)
B.Eng (Hons), FAusIMM (CP)
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David Busch
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Managing Director
B.Eng, BSc, MAusIMM, MSEG
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Peter Nightingale
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Director (Non-exec)
B. Econ, CA
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Peter Michael
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Director (Non-exec)
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Vinod Manikandan
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Company Secretary
B. Com, GCertAcc, CA
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Todd McGilvray Exploration Manager
BSc (Hons), Economic Geology, MAusIMM MSEG, MGSA, GradCertAppFin
Kempfield:
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Follow up drilling guided by results and interpretation of the recently completed drilling program, targeting high-grade silver/lead zinc and follow up of 1,065 g/t Au intersection by hole AKDD181
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Drilling program to test for high grade gold potential at the historic high grade gold mining Trunkey district within the Kempfield tenement.
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Geochemical sampling to follow up Govt records of historic metallogenic occurrences within the Company's historic Pine Ridge gold mine tenement located approximately 7 km south of Kempfield.
West Wyalong: Drilling program to test the Theia and Narragudgil targets for copper-gold/gold, and progressing the Company's ownership towards a 70% interest
Working capital purposes
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As at COM 28 June 2016. 2. As at 31 March 2016 3. Options are unlisted, $0.25 strike price and 29 August 2016 expiry. 4. As at 3 September 2015 (2015 Annual Report). 5. Subject to
shareholder approval and ASX requirements (see ASX announcement dated 28 June 2016) 2
COMPANY CASHED UP TO EXPEDITE NEXT PHASES OF DRILLING
NEWS FLOW TO FOLLOW
- Remaining 2nd half of assays and interpretation for recent Kempfield 12 hole / 3,167m drilling program
New South Wales
LACHLAN OROGEN
COWALCADIA
AKDD159
18 m @ 9.8% Pb/Zn, 113 g/t Ag & 0.26 g/t Au from 85 m including:
5 m @ 17.9% Pb/Zn, 259 g/t Ag & 0.34 g/t Au from 88 m
AKDD187
4.2 m @ 7.9% Pb/Zn, 26 g/t Ag & 0.4 g/t Au from 175.2 m including:
2 m @ 11.7% Pb/Zn, 39 g/t Ag & 0.3 g/t Au from 176.4 m
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Kempfield/Trunkey historic gold district to be drill-tested for high grade Au potential
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Kempfield/Pine Ridge historic gold mine - shallow geochemistry survey to assess high grade gold reports by NSW Dept Mineral Resources on public DIGS database
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West Wyalong Theia and Narragudgil copper-gold targets to be drill-tested
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THREE PROJECTS IN HIGHLY PRODUCTIVE TERRANE
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Kempfield Polymetallic Project (Argent 100%)
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Predominantly silver resource estimate based on shallow historical drilling (~120 metres depth)
New South Wales
LACHLAN OROGEN
COWALCADIA
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21.8 Mt @ 47 g/t Ag for 33 Moz Ag,
& 300,000 tonnes Pb/Zn (JORC 2012)1
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Resource estimate to be revised following detailed analysis
WEST WYALONG
KEMPFIELD
Trunkey Pine Ridge
Australia
» Potential strike and significant depth extensions resulting from the recent drilling
» Resource does not yet include several high grade holes
eg. AKDD159 (5 m @ 17.9% Pb/Zn, 259 g/t Ag & 0.34 g/t Au from 88 m)
- Mineralisation open below recent deep intersections, to the west and to the north
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Project has evolved significantly as a result of the recent deeper drilling:
Semi-massive sulphides intersected, and VHMS footwall location confirmed High grade precious and base metals potential identified -> exploration focus
Emerging additional gold potential identified in deposit, plus Trunkey and Pine Ridge
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Peer reviewed by the NSW State Government
- Awarded Top 5 funding based on project merit
1. See Mineral Resources and Ore Reserves Statement in the 30 June 2015 Annual Report. 4
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Argent Minerals Limited
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DEVELOPMENT STAGE |
CODE : ARD.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Argent Min. is a zinc and lead development stage company based in Australia. Argent Min. develops zinc, lead and silver in Australia. Its main asset in development is KEMPFIELD in Australia and its main exploration properties are WEST WYALONG and SUNNY CORNER in Australia. Argent Min. is listed in Australia. Its market capitalisation is AU$ 6.7 millions as of today (US$ 4.9 millions, € 4.3 millions). Its stock quote reached its highest recent level on July 22, 2011 at AU$ 0.29, and its lowest recent point on June 21, 2019 at AU$ 0.01. Argent Min. has 420 750 016 shares outstanding. |