Ann: HEAVILY OVERSUBSCRIBED PLACEMENT TO FAST TRACK DRILLING, page-2

Highlights
◼ Placement raises $2.20 million from sophisticated and professional investors
◼ Argent to fast track drilling programs over the Company projects
◼ High impact RC drilling program to expand the Kempfield polymetallic resource underway
◼ Strong demand from new and existing sophisticated investors
Argent Minerals Limited (ASX: ARD, Argent, or the Company) is pleased to announce it has
received commitments from sophisticated and professional investors to raise $2,200,000 before costs
through the issue of 40,000,000 fully paid ordinary shares at $0.055 per share (Placement shares).
The Placement Shares will also attract a 1 for 2 free attaching ARDOA listed option, each with an
exercise price of $0.05 and expiry date of 29 October 2021 (Placement Options), totalling 20,000,000
Options.
Managing director and CEO Mr George Karageorge said “Argent is overwhelmed with the result of
the placement. This will allow Argent to fast track the Company’s planned drilling over most
project areas and now undertake a major drilling program to upgrade the Kempfield polymetallic
resource”
The purpose of the Placement is to fund a further two high impact drilling programs which will result in
a total of six drilling campaigns being conducted over Kempfield, West Wyalong, Loch Lily and the
historic Pine Ridge Gold Mine within the next 12 months.
The Company wants to accelerate the exploration and drilling programs to take advantage of the recent
break out of the gold and silver price.
Proceeds from the Placement will be used by Argent to fund exploration drilling exploration across most
of the Company’s projects and general working capital purposes. The exploration programs are;
Kempfield Stage Ӏ 3,000m RC Drilling Program
Kempfield Stage 1 RC drilling program commenced late in June and under difficult weather conditions
the decision to change out drill rigs from wheel mounted rigs to all-weather track mounted drill rig and
support vehicles has allowed the first stage of the program to commence.
Drilling recommenced in July over the Colossal Copper Reef targeting the copper gold anomaly
identified by Argent’s Company geologists in April 2020.