ARD
Lead Manager
Contact - Jake Grbavac
0474 484 982
jake@liquidity.com.au
Offer Price
A$0.0210
per share
Offer Size
A$4,000,000
Issue Price (Per Share)
A$0.0210
Discount
16.00%
Offer Size
A$4,000,000
Shares Available
190,476,190
Private Placement Offer utilising the company’s Listing Rule 7.1 and 7.1A capacity to raise up to $4.0 million with the ability to take oversubscriptions at an issue price of $0.021 (2.1 cents).
The issue price represents the following discounts to ASX market pricing per share:
Argent Minerals Ltd (ASX: ARD) controls Australia’s second largest undeveloped silver deposit at the Kempfield Project in New South Wales, supported by a portfolio of district-scale gold and copper assets. With a 142.8MOz AgEq JORC Resource and near-term development studies underway, Argent is positioned to transition from explorer to developer within one of Australia’s most prolific mining belts.
Located near Orange in the Lachlan Fold Belt, Kempfield is Argent’s flagship project hosting 142.8MOz AgEq (JORC 2024). The resource remains open at depth and along strike, with recent drilling and geophysical surveys confirming strong extension potential.
A staged development strategy is being advanced:
Kempfield’s polymetallic profile (Ag, Au, Zn, Pb) offers exposure to multiple commodity cycles while leveraging robust local infrastructure and government support for critical minerals.
Argent’s ground position around Kempfield covers a 4.7km mineralised corridor with significant untested gold upside.
Located 35km south of Evolution Mining’s (ASX: EVN) Cowal operation (4.5MOz), West Wyalong offers both orogenic gold and porphyry Cu-Au potential. Historical production of approximately 445kOz (avg. 40 g/t Au) underlines the district pedigree, with modern IP and magnetic surveys highlighting immediate drill-ready targets.
Use of Funds
1.
Further extension drilling for resource expansion over the Kempfield Deposit.
2.
Drill testing over Kempfield NW zones.
3.
Trunkey Creek Maiden gold drilling program over high-grade gold zones defined by rock chip results.
4.
Commencement of gold exploration program over orogenic gold occurrences and drill testing for porphyry copper-gold zones.
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Argent Minerals Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Argent Minerals Limited.
