1620 kerry mchugh

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  • 1. INVESTOR UPDATE Presentation to Gold Symposium. Sydney November 2011
  • 2. DisclaimerCertain statements contained in this presentation, including information as to the future financial or operating performance of ArgentMinerals Limited (ASX:ARD) and its projects, are forward looking statements:-may include, among other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineralresources and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures, and are ormay be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions;-are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Argent, are inherently subject tosignificant technical, business, economic, competitive, political and social uncertainties and contingencies; and-involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated oranticipated events or results reflected in such forward looking statements.Argent disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, futureevents or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”,“budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward looking statements.All forward looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned thatforward looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue relianceon forward looking statements due to the inherent uncertainty therein.The information in this Report that relates to Exploration at Kempfield and West Wyalong is based on information compiled by DavidTimms and Dr Vladimir David who are members of the Australian Institute of Geoscientists, and Technical Consultants to Argent, and whohave sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity beingundertaken to qualify as Competent Persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results,Mineral Resources and Ore Reserves”. Mr Timms and Dr David consent to the inclusion in the report of the matters based on theinformation in the form and context in which it appears.The information in this Report that relates to Mineral Resources is based on information compiled by Mr Arnold van der Heyden, who is aFellow of the Australian Institute of Geoscientists and an employee of Hellman & Schofield Pty Ltd. Mr van der Heyden has sufficientexperience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualifyas a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resourcesand Ore Reserves”. Mr van der Heyden consents to the inclusion in the report of the matters based on the information in the form andcontext in which it appears.
  • 3. ARGENT MINERALSArgent is an ASX listed pre-development mineralscompany with a 100% interest in the Kempfieldsilver/lead/zinc project located 30 kms south ofBlayney, NSW. Argent also has a 51% interest in the Sunny Cornerpolymetallic deposit near Bathurst, NSW and hasinterests in tenements at West Wyalong and Louth.
  • 4. CORPORATE INFORMATION Capital Structure Share Price ChartASX Code ARDShares on Issue-Fully Diluted 141 millionShare Price -14 November $0.195Market Cap $ 27millionCash at 30 September $ 8.2million Directors Kerry McHugh – Executive Chairman Marcus Michael – Executive Director Steve Gemell – Non Executive Director Ross Smyth-Kirk– Non Executive Director
  • 5. KEMPFIELD PROJECT OVERVIEW• Located 7km West of Trunkey Creek and 80km South of Orange, NSW• Silver, Lead, Zinc, Barite VMS Deposit• JORC Resources of 20 Mt containing 31Moz of Silver, 265,000t Pb/Zn, 65,000 ozs of gold and 2.5Mt of Barite-resource update imminent.• Definitive Feasibility Study into project to produce 21 million ozs of silver,110,000 tonnes of lead and zinc and 34,000 ozs of gold • Open Pit Operation @ 1.5 Mtpa • Strip ratio 1.4 to 1 • CIL and Flotation • Mine Life 10.5 Years • Estimated undiscounted cash flow (pre capex) $297 million • Employ 70-80 People
  • 6. MINERAL RESOURCES Silver Gold Lead Zinc Tonnes Grade Contained Grade Contained Grade Contained Grade Contained Metal Metal Metal Metal Million g/t M ozs g/t 000 ozs % 000t % 000tOxide/Mixed* 5.8 58 10.8 0.1 19 N/A N/A N/A N/ACut off grade25g/tAgPrimary** 14.4 45 20.8 0.1 46 0.6 86 1.2 175Cut off grade50g/tAg EqTotal 20.2 49 31.6 0.1 65 N/A 86 N/A 175 31.6m ozs of silver + 65,000 ozs of gold equivalent to 700,000 ozs of gold at silver /gold ratio of 50 to 1. * Approximately 83% of these resources are Measured or Indicated **Approximately 64% of these resources are Measured or Indicated
  • 7. PROJECT SITE
  • 8. DFS Underway• Metallurgical testing-nearing completion• Infill drilling-done• Revised resource estimate-imminent• Mine plan - prelim plan done• TSF and Water- design and studies underway• Roads and Power-designs underway• Environmental Impact Statement-being done• Development Approval-applied for
  • 9. Figure 1KempfieldProjectSite Plan
  • 10. INDICATIVE PROJECT TIMETABLE Activity Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Complete Metallurgical Testwork Prepare Revised Resource Statement Complete Feasibility Study Negotiate Financing Obtain Development Approval Decision to Mine Construct Project First Production
  • 11. Kempfield :ExplorationPotential
  • 12. BJ and McCarron Pit Outlines Area shown in North McCarron Drill Plan / / / / / / / / / / / / / / / /
  • 13. 708,300 mE 708,350 mE 708,400 mE 708,450 mE 708,500 mE 708,550 mENorth McCarron 36m from 40m 6,258,400 mN 39.1/t Ag; 2.0%Pb+Zn 6,258,400 mNDrill Plan AKRC127 schist 6,258,350 mN 6,258,350 mN schist open cut outline 8m from 32m 0.23 g/tAu; 93.32g/t Ag; 1.79%Pb+Zn and 6,258,300 mN 18m from 56m 39.9/t Ag; 1.36%Pb+Zn 6,258,300 mN barite 10m from 40m 0.32 g/tAu; 58.1g/t AKRC124 Ag; 1.40%Pb+Zn and 32m from 66m 48.1g/t Ag; 1.48%Pb+Zn open cut outline 6,258,250 mN BJ Zone 6,258,250 mN 52m from 24m AKRC130 0.12 g/tAu; 70.5g/t Ag; 01.7%Pb+Zn schist 6,258,200 mN AKRC118 6,258,200 mN 24m from 40m 0.16 g/tAu; 67.2g/t Ag; 2.0%Pb+Zn barite AKRC131 61m from 24m metasediments 0.13 g/tAu; 102.7g/t Ag; 1.61%Pb+Zn AKRC100 6,258,150 mN 6,258,150 mN AKRC81 28m from 4m 0.39 g/tAu; 107g/t Ag; 1.82%Pb+Zn AKRC103 24m from 16m open cut 0.12 g/tAu; 64g/t Ag; AKRC99 0.46%Pb+Zn and outline 6,258,100 mN 4m from 94m BJ Zone 6,258,100 mN 0.25 g/tAu; 40.1g/t Ag; 11.6%Pb+Zn schist 18m from 2m 0.28 g/tAu; 90.5g/t Ag; 0.63%Pb+Zn open cut outline 6,258,050 m McCarron 50 mN 708,300 mE 708,350 mE 708,400 mE 708,450 mE 708,500 mE 708,550 mE
  • 14. Deep Drilling – BJ Zone
  • 15. Deep Drilling – BJ Zone
  • 16. The Investment Case