Tonnes and grade are key factors in any project economics, and Argent’s focus is to add both where opportunities exist to do so, particularly where this might add to the Company’s base and precious metal resources. Grades of up to 17.9% combined lead/zinc have been identified immediately to the west of the existing Mineral Resource, where exploration vectors point to the potential for multiple additional Volcanogenic Massive Sulphide (VMS) lenses and a feeder zone.
The timing of this development coincides strategically with market forecasts of a world wide shortage of zinc and significant zinc price increases on the London Metals Exchange (LME).
Whilst Argent Minerals has established an initial goal of discovering an additional 5 million tonnes at Kempfield with higher grade lead/zinc, silver, gold and potentially, copper, the potential for a much larger system and associated world-class discovery has been identified. Successful exploration of this opportunity will be a game-changer with ‘company maker’ potential for Argent Minerals.
ARD Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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