Presentation to investors 20160629
ARGENT MINERALS LIMITED
ASX:ARD
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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
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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
3
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