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Argent Minerals Limited (ASX:ARD)

ALERT: Price-sensitive ASX Announcement for ARD
Current share price for ARD : $0.022 -0.001 (-2.22%)+
Announcement
Release
30 Apr 2026 2:21PM
Price at Release
$0.023
Full Release
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Summary
Argent Minerals Limited reported a significant high-grade silver discovery at the Kempfield NW Prospect, with drill results indicating extensive mineralisation and potential for resource expansion. The Quarterly Activities/Appendix 5B Cash Flow Report for the period ended 31 March 2026 showed an increase in cash equivalents and successful equity financing. The mineralisation at Kempfield is part of a continuous and robust VMS system, and there have been no material changes to the resource estimates since 2024.
Key Points
  • Argent Minerals Limited announced a high-grade silver discovery outside the existing Kempfield Mineral Resource Estimate.
  • The Kempfield NW Prospect showed significant mineralisation with drill results of 61m at 63.24 g/t Ag Eq from surface.
  • The company reported continuous expansion potential with mineralisation open along strike and at depth.
  • Appendix 5B cash flow report indicated an increase in cash and cash equivalents at the end of the period to $3,757,000.
  • Proceeds from issues of equity securities amounted to $4,875,000 in the financing activities.
  • Kempfield project shows strong geological continuity of the VMS system.
  • No significant new information has altered the assumptions and technical parameters of the Kempfield Mineral Resource since July 2024.
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.