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Argent Minerals Limited (ASX:ARD)

ALERT: Price-sensitive ASX Announcement for ARD
Current share price for ARD : $0.021 -0.001 (-4.55%)+
Announcement
Release
22 Jul 2026 9:34AM
Price at Release
$0.022
Full Release
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Summary
Argent Minerals Limited provided a quarterly report for the period ending 30 June 2026, highlighting significant progress in their Kempfield Project. Key achievements include the discovery of a new mineralised zone east of the current resource, offering potential for resource expansion. The drilling program extended the known system by 100 meters vertically and identified higher-grade zones of silver, lead, zinc, and gold. The company's strategy focuses on further exploration of Lodes 100, 200, and 300 and potential development of the Trunkey Creek Gold Project. The cash flow report indicates a net cash outflow from operating activities of AUD 774,000, with cash equivalents standing at AUD 2,990,000, providing an estimated 3.86 quarters of funding.
Key Points
  • New mineralised zone discovered east of current Kempfield resource.
  • Potential for resource expansion beyond existing Lode 100.
  • Drilling program extended known system vertically by 100 meters.
  • Higher-grade zones of silver, lead, zinc, and gold identified.
  • Focus on exploration of Lodes 100, 200, and 300 continues.
  • Trunkey Creek Gold Project identified as a potential strategic asset.
  • Net cash outflow from operating activities of AUD 774,000.
  • Cash equivalents at quarter end were AUD 2,990,000.
  • Estimated 3.86 quarters of available funding.
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.