Argent Minerals Limited: Annual Report 2017
28.09.2017 | ABN Newswire
Sydney - Argent Minerals Ltd. (ASX:ARD) (Argent or the Company) is an ASX-listed public company focused on creating shareholder wealth through the expansion and development of its significant existing base and precious metal projects and the leveraging of its expertise to pursue value accretive acquisitions of other significant projects identified by the Company. A key goal of the Company is to become a leading Australian polymetallic producer, producing 1.5 million tonnes per annum with a mine life of 20 years.The Company's Kempfield, West Wyalong and Sunny Corner project assets are situated in the Lachlan Orogen in New South Wales, Australia, a richly mineralised geological terrain which extends from northern NSW and through Victoria into Tasmania.
The first gold discovery in Australia was in 1851, at a location within the Lachlan Orogen. This important find led to the subsequent gold rushes, the discovery of the Holterman Nugget in 1872, and the formation of nearby townships of Bathurst and Orange.
Today the Lachlan Orogen hosts world class deposits including one of the largest underground copper-gold mines in the southern hemisphere, Newcrest's Cadia Valley Operations.
The recently acquired Loch Lilly project is located in the Loch Lilly - Kars Belt approximately 80 kilometres south of Broken Hill, a new province where significant potential has been identified that is analogous in age and composition to the Mount Read Volcanics of Western Tasmania, which hosts several world-class deposits.
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About Argent Minerals Limited:
Argent Minerals Ltd. (ASX:ARD) is an Australian publicly listed company with a 100% interest in a silver/gold project at Kempfield NSW. Work is underway on the preparation of an EIS and a feasibility study for the first stage of the project which will involve heap leaching some 8.8 million tonnes of mainly oxide and transitional material to produce over 9.5 million ounces of silver and 15,000 ounces of gold over a 5 year mine life. Argent is also earning up to a 70% interest in two other NSW projects - gold at West Wyalong and base metals at Sunny Corner.
Contact:
David Busch Chief Executive Officer
Argent Minerals Ltd.
M: +61-415-613-800
E: david.busch@argentminerals.com.au
