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We get the feeling that good times are ahead for today’s ASX explorer, which has set up camp at three base and precious metals projects in NSW.
The company is accumulating some of the state’s most prospective land, in a domain famous for the fact that it boasts Australia’s first discovery of gold.
The area is host to multi-billion dollar deposits like $15.7 billion-capped Newcrest’s (ASX: NCM) Cadia Valley Operations… which produced 2.4 million ounces of gold in 2016, and according to the company, still has some 40+ million ounces remaining.
Today we are covering Argent Minerals Ltd (ASX: ARD), whose tenement trifecta covers significant ground across highly prospective exploration regions in NSW.
ARD is attracting investor attention, and at the end of April announced the completion of a heavily oversubscribed private placement to add $2.28 million to its cash reserves.
Last month it also announced it had expanded its holding in West Wyalong from 51% to 70% — where it has identified a substantial porphyry copper-gold target.

in the near term, ARD will also advance with drilling at its flagship Kempfield play, and at Loch Lilly — an early stage project that ARD is farming-in.
At last count, ARD’s three projects offer exposure to silver, gold, lead, zinc, copper and nickel — a broad sweep of metals, most of which have been enjoying renewed interest to varying degrees over the last 6-12 months.
With some potentially price-moving news looming on the horizon, the $12 million-capped ARD might be on track toward a higher valuation, if it can prove up the value on any one of its three projects.
Although, it must be noted though that ARD should still be considered a speculative investment and investors should seek professional financial advice if considering it for the portfolio.
ARD is one of several explorers vying for the best metals tenements across the country, at a time when the metals market looks to be building up steam for a broad scale revival.