Argent Minerals Limited (ASX:ARD)

ALERT: Price-sensitive ASX Announcement for ARD

Current share price for ARD : $0.023 0.001 (2.22%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

28 Apr 2025 7:29PM

Price at Release

$0.023

Full Release

Summary

Argent Minerals Limited released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 31 December 2022. During the quarter, the company focused on advancing exploration activities at its Kempfield, Pine Ridge, and West Wyalong projects in New South Wales. Significant soil sampling and drilling programs were conducted, with notable results including further definition of mineralized zones. The report covers operational highlights, progress on exploration targets, ongoing environmental and heritage surveys, and financial updates, including cash outflows dominated by exploration and evaluation activities. Argent Minerals ended the quarter with a cash balance sufficient to continue its planned exploration programs into the next period.

Key Points

Quarterly activities focused on Kempfield, Pine Ridge, and West Wyalong projects in NSW.
Significant soil sampling and drilling activities conducted across key tenements.
Positive assay results further defined mineralized zones, especially at Kempfield.
Environmental and heritage assessments continued to facilitate ongoing exploration.
Operational costs primarily attributed to exploration and evaluation expenditures.
Appendix 5B cash flow report shows adequate cash reserves to fund upcoming work.
No production or revenue reported for the quarter; activities remain at exploration stage.
Company remains debt-free and continues to seek value-adding exploration outcomes.
Exploration plans for the next quarter include further drilling and geochemical surveys.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.