Argent Minerals Limited Fast-Tracks Kempfield Development with 700m Diamond Drilling and Metallurgical Testwork Aiming for Early Cash Flow from 63.7Mt Silver-Equivalent Resource

Tuesday, July 15, 2025
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9:18 am
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Argent Minerals Limited is fast-tracking its flagship Kempfield Project in New South Wales. The company will begin targeted diamond drilling and metallurgical testwork to assess early cash flow opportunities and pave the way for full-scale production, potentially enhancing long-term value for shareholders.

Argent Minerals Limited has unveiled plans to accelerate work at its flagship Kempfield Polymetallic Project in New South Wales, marking a significant step toward unlocking early production opportunities. The company is set to begin diamond drilling within the next two weeks—pending NSW regulatory approvals—with two drill holes totaling approximately 700 metres over Lode 100 and Lode 200. This drilling program aims to define the vertical extent of the mineralised zones and to generate representative material for extensive metallurgical testwork. The metallurgical tests, carried out in Western Australia, will evaluate multiple processing pathways including Heap Leach and Carbon-In-Leach (CIL) with flotation. Detailed reviews of historical data by BHM Process Consultants have already provided preliminary economic assessments of the potential revenues and operating costs. The upcoming testwork will deliver technical outputs such as process flow diagrams, design criteria, mass balance reports, and cost models. These outcomes will form the basis of a Project Scoping Study designed to assess both near-term early cash flow via a heap leach operation and the longer-term feasibility of constructing a CIL plant to process the existing 46.6 million tonnes of primary ore. With a reported resource of 63.7 million tonnes grading 69.75 grams per tonne silver equivalent—and comprising significant quantities of silver, gold, lead, and zinc—the Kempfield Project is positioned as a critical asset in Argent Minerals Limited’s portfolio. The project’s upgraded mineral resource, which includes a detailed breakdown by both lodes and weathering zones, underscores the company's commitment to de-risking its project through rigorous technical and economic evaluations. Meanwhile, ongoing exploration in the broader Kempfield region further bolsters the project's potential as a scalable, multi-deposit development hub. Market sentiment skews bullish as the company's clear roadmap toward early cash generation, combined with its robust technical indicators and comprehensive testing program, instills confidence in its progression toward production. However, cautious sentiment persists given the inherent risks associated with regulatory approvals, commodity price fluctuations, and the uncertainties typical of advancing mining projects through technical validation stages. Overall, investors can view the accelerated development program as a promising indicator of growth potential, while remaining mindful of long-term industry variables and exploration risks.

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