ARD - Argent Minerals

mullokintyre said:

Bit more dilution courtesy of some cheap shares issue to the sophs and profs at a 15% dilution to the recent price.
I would really like to be able to get onto this sophs and profs list, willing to lower my standards and reduce my ethics if I have to.
Mick

Click to expand...

Indeed ... so much for fairness. Usually these exercises take the sp back to, say, hmmm, around that issue price

received firm commitments to raise $4.85 million (before costs) at an issue price of $0.021 per share through a placement to sophisticated and professional investors.

Click to expand...

a washing machine of price action .. ....front loaded, at that

The funds will ... accelerate drilling and exploration across Argent’s flagship Kempfield Silver-Polymetallic Project and the surrounding district in New South Wales, as well as advance copper-gold exploration at the West Wyalong Project.

Click to expand...

Highlights
• Diamond drilling over Lodes 100 and 200 has been completed for a total of 422.7m. Hole AKDD208 was completed to a depth of 339.3m targeting Lode 200, while hole AKDD209 was drilled to 85m within Lode 100.
• Samples have been submitted to ALS Orange under priority status, with results expected to be received late September 2025.
• Currently, Argent is expanding the drilling over Lode 200 based on field observations and this will be finalised once assays are received.

Dona Ferentes said:

Diamond Drilling completed over Lode 100 and 200 within Kempfield Silver-Polymetallic Project​

Click to expand...

Diamond Drillhole AKDD208 has intercepted 196.4m of mineralisation within three separate mineralised zones with high-grade zones of 27m @ 226.2 g/t Ag Eq and 42.6m @ 102.02 g/t Ag Eq.

Argent Managing Director Mr Pedro Kastellorizos said:
“The drilling has delivered extensive high-grade silver intersections that materially enhance the project’s potential. Notable results include broad 145 vertical metres of 87.66 g/t Ag Eq with high-grade 27m intervals grading over 226.2 g/t Ag Eq, confirming both the depth continuity and strength of mineralisation. Importantly, several of these high-grade zones occur near surface, providing potential for early-stage mining and selective extraction.

" The results confirm the presence of thick robust silver zones, significantly increasing the potential to expand the mineral resource and support future development studies. We look forward to advancing these initiatives as we continue to position Kempfield as one of Australia’s premier silver–polymetallic projects.”

$0.022

Dona Ferentes said:

Exceptional Silver Grades Returned from Latest Drilling at Kempfield Silver-Polymetallic Project ​

Diamond Drillhole AKDD208 has intercepted 196.4m of mineralisation within three separate mineralised zones with high-grade zones of 27m @ 226.2 g/t Ag Eq and 42.6m @ 102.02 g/t Ag Eq.

Argent Managing Director Mr Pedro Kastellorizos said:
“The drilling has delivered extensive high-grade silver intersections that materially enhance the project’s potential. Notable results include broad 145 vertical metres of 87.66 g/t Ag Eq with high-grade 27m intervals grading over 226.2 g/t Ag Eq, confirming both the depth continuity and strength of mineralisation. Importantly, several of these high-grade zones occur near surface, providing potential for early-stage mining and selective extraction.

" The results confirm the presence of thick robust silver zones, significantly increasing the potential to expand the mineral resource and support future development studies. We look forward to advancing these initiatives as we continue to position Kempfield as one of Australia’s premier silver–polymetallic projects.”

$0.022

Click to expand...

Those drill results are nice, though when you look at the credits for the Zinc and Lead, it reduces the value a bit.
I would like to see more drilling to the east and west where the lode remains open to jst see how big this sucker really is.
Mick

Kempfield is one of those revival silver projects that spivs who mine shareholders dust off and trot out when the price of silver takes off and people get excited. The managements of these illusions get rich and are a f'g disgrace because they prey on the most naive investors and are assisted by brokers and newsletter writers. They financially destroy investors who believe their words and smiley faces. All these primary silver projects go bust eventually. Houses of cards. They run out of chumps after hyper-dilution - Golden Cross Resources, Macmin Mining, Malachite Resources, Cobar Consolidated .. others I cant remember from previous silver crazes. Same will happen with SVL anf f'g Bowdens which Kingsgate couldn't make a go of. Another El Crapola Ag project.

About Kempfield in particular, those grades aren't good for a primary silver project. Compare for instance to MMA (do not hold, do hold RDM) MMA from memory is claiming 100g/t silver, plus 5% lead, plus gold and copper in their high grade starter pit specs. Primary silver alone needs a big high grade shallow resource it seems to justify start-up capital. Processing cost, esp in Australia, is expensive relative to value of product. A primary silver producer has to compete with lower cost producers of silver as a by-product - like Cannington.

AI Overview
The primary previous owner of the Kempfield Silver Project, before its sale to Argent Minerals, was Golden Cross Resources (GCR). Argent Minerals then purchased the project from Golden Cross Resources and now holds 100% ownership. Golden Cross Resources (ASX: GCR) was suspended from the Australian Securities Exchange (ASX) on December 27, 2024

AI Overview
Cobar Consolidated Resources (CCR) focused primarily on the Wonawinta Silver Project, a silver mine located south of Cobar, NSW, which included open-pit mining and processing activities on the property known as Manuka, along with exploration. CCR also entered a joint venture for a tenement south of Cobar with CBH Resources to explore for zinc and silver. The company later went into administration and liquidation in 2014, and the Wonawinta Project was sold to other entities.

AI Overview
Macmin Resources (formerly Macmin Silver Ltd) was placed into administration in November 2008 due to the Global Financial Crisis (GFC) and operational challenges at its Twin Hills silver mine. It was later recapitalized and renamed Alcyone Resources in October 2009, emerging from administration. Alcyone Resources itself was then delisted from the ASX in September 2015 after being placed into administration.

finicky said:

Kempfield is one of those revival silver projects that spivs who mine shareholders dust off and trot out when the price of silver takes off and people get excited. The managements of these illusions get rich and are a f'g disgrace because they prey on the most naive investors and are assisted by brokers and newsletter writers. They financially destroy investors who believe their words and smiley faces. All these primary silver projects go bust eventually. Houses of cards. They run out of chumps after hyper-dilution - Golden Cross Resources, Macmin Mining, Malachite Resources, Cobar Consolidated .. others I cant remember from previous silver crazes. Same will happen with SVL anf f'g Bowdens which Kingsgate couldn't make a go of. Another El Crapola Ag project.

About Kempfield in particular, those grades aren't good for a primary silver project. Compare for instance to MMA (do not hold, do hold RDM) MMA from memory is claiming 100g/t silver, plus 5% lead, plus gold and copper in their high grade starter pit specs. Primary silver alone needs a big high grade shallow resource it seems to justify start-up capital. Processing cost, esp in Australia, is expensive relative to value of product. A primary silver producer has to compete with lower cost producers of silver as a by-product - like Cannington.

Click to expand...

I presume you mean competing for funding.
There are no competitions for sales within the silver market.

finicky said:

AI Overview
The primary previous owner of the Kempfield Silver Project, before its sale to Argent Minerals, was Golden Cross Resources (GCR). Argent Minerals then purchased the project from Golden Cross Resources and now holds 100% ownership. Golden Cross Resources (ASX: GCR) was suspended from the Australian Securities Exchange (ASX) on December 27, 2024

AI Overview
Cobar Consolidated Resources (CCR) focused primarily on the Wonawinta Silver Project, a silver mine located south of Cobar, NSW, which included open-pit mining and processing activities on the property known as Manuka, along with exploration. CCR also entered a joint venture for a tenement south of Cobar with CBH Resources to explore for zinc and silver. The company later went into administration and liquidation in 2014, and the Wonawinta Project was sold to other entities.

AI Overview
Macmin Resources (formerly Macmin Silver Ltd) was placed into administration in November 2008 due to the Global Financial Crisis (GFC) and operational challenges at its Twin Hills silver mine. It was later recapitalized and renamed Alcyone Resources in October 2009, emerging from administration. Alcyone Resources itself was then delisted from the ASX in September 2015 after being placed into administration.

Click to expand...

Excellent summary @finicky , but I still plan to make money by trading it, just like I have with SVL and MKR.
Mick

mullokintyre said:

presume you mean competing for funding.

Click to expand...

No, compete on cost