Kempfield Silver Resource Expansion Opens New Development Pathways

Discovery Beyond the Known Resource

Argent Minerals Limited has revealed a new high-grade silver lode at its Kempfield NW Prospect in New South Wales, marking the first significant discovery outside the existing Kempfield Mineral Resource Estimate (MRE) area. Drillhole AKRC312 intersected an impressive 61 metres grading 63.24 grams per tonne (g/t) silver equivalent (Ag Eq) from surface, including a high-grade core of 31 metres at 103.47 g/t Ag Eq. This breakthrough confirms the along-strike continuation of mineralisation from the established Lode 300 within the same geological corridor.

Geological Continuity and Resource Upside

The mineralisation is hosted within interbedded sandstone and siltstone units consistent with the main Kempfield deposit, reinforcing the geological continuity of this volcanogenic massive sulphide (VMS) system. Notably, the mineralised zone remains open along strike to the east, laterally to the north and south, and at depth. This openness signals significant potential for resource expansion beyond the current footprint, a prospect that Argent is keen to explore further through additional drilling and mapping.

Implications for Project Development

Argent’s Managing Director, Pedro Kastellorizos, emphasised the importance of these results, highlighting the broad and robust zones of high-grade mineralisation starting right from surface. The shallow nature of the discovery enhances the development potential of Kempfield, supporting plans for early production via heap leach processing of oxide ores, followed by carbon-in-leach (CIL) and flotation for sulphide ores. Concurrent metallurgical testwork is underway to optimise processing pathways, which will be critical in unlocking the full value of the deposit.

Strategic Position in Australia’s Silver Sector

The Kempfield Project remains one of Australia’s largest undeveloped silver-polymetallic deposits, boasting a current resource of 63.7 million tonnes at 69.75 g/t silver equivalent, containing approximately 142.8 million ounces of silver equivalent. Situated near Orange in the prolific Lachlan Fold Belt, Kempfield benefits from proximity to established mining infrastructure and a mining-friendly jurisdiction. The new discovery at Kempfield NW adds a fresh dimension to the project’s scale and attractiveness.

Next Steps and Market Watch

Argent plans to accelerate exploration activities with further drilling to delineate the extent of the new lode and to refine resource estimates. Metallurgical studies from recent diamond drilling are also progressing, aiming to validate processing routes and recoveries. Investors and analysts will be watching closely for updates on resource upgrades and development milestones that could enhance the project’s valuation and advance Argent Minerals’ position in the silver market.