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Argent Minerals Limited (ASX:ARD)

ALERT: Price-sensitive ASX Announcement for ARD
Current share price for ARD : $0.027 -0.002 (-6.90%)+
Announcement
Release
13 May 2026 9:48AM
Price at Release
$0.029
Full Release
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Summary
Argent Minerals Limited has discovered significant further silver mineralization outside the current Mineral Resource Estimate (MRE) at the Kempfield project in Australia. The exploration focused on the Lode 100 system has highlighted its potential for additional near-surface resource growth. Drill holes such as AKDD214 have extended mineralization beyond previous estimates, emphasizing new growth corridors and supporting the potential for early mining opportunities. The mineralization is characterized by silver-dominant polymetallic zones with strong vertical continuity from near the surface, and it remains open in several directions, suggesting further resource expansion possibilities. The updated silver equivalent formulas have been calculated based on metal prices and metallurgical recoveries for different weathering zones, supporting the viability of recovering and selling the silver, gold, lead, and zinc present.
Key Points
  • Significant silver discovered outside Kempfield MRE.
  • Drill hole AKDD214 extended mineralization beyond estimates.
  • Potential for early mining opportunities highlighted.
  • Silver-dominant zones with strong vertical continuity.
  • Mineralization remains open for further expansion.
  • Silver equivalent formulas updated for different zones.
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.