Quarterly activities report for September 2024

Argent Minerals (ASX:ARD) has released its quarterly report for the period ending September 30, 2024. The focus was on the Kempfield Polymetallic Deposit in New South Wales, which saw a significant update in its Mineral Resource Estimate. The Kempfield Silver Deposit now ranks as Australia's second largest undeveloped silver deposit, with an updated resource estimate of 63.7 million tonnes, translating to 142.8 million ounces of silver equivalent.

Strategic advancements and future outlook

The recent quarterly report from Argent Minerals highlights major advancements at the Kempfield Polymetallic Deposit. A substantial upgrade to the Mineral Resource Estimate has positioned the Kempfield Silver Deposit as the second largest undeveloped silver deposit in Australia. With a 54% increase in silver content, the deposit now boasts 65.8 million ounces of silver. Rock chip sampling has uncovered high-grade silver, gold, lead, and zinc mineralization, prompting an initial drilling program to explore new zones. Financially robust, Argent holds $2.619 million in cash reserves. Looking ahead, Argent plans further exploration at Kempfield and other projects, aiming to extend its mineral resource base and bolster its position in the mining sector.

Executive commentary on Kempfield developments

The Kempfield Silver Deposit has seen a remarkable transformation, elevating its status as a significant player in the silver market. Our team's dedicated efforts in resource estimation and exploration continue to yield promising results, setting the stage for future growth and value creation.