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Argent Minerals enters new growth phase with board changes

Published: 01:50 23 Apr 2018 EDT

three empty board room seats
Recent successful metallurgical test work at Kempfield supports the project's future

Argent Minerals Ltd (ASX:ARD) has welcomed some board changes to facilitate a new growth phase for the company.

Experienced corporate lawyer, Peter Wall, has been appointed to the board as non-executive director and chairman.

Allows Klaus Eckhof to focus on acquisition opportunities

He replaced Klaus Eckhof who has transitioned into the new role of technical advisor in acquisitions.

The new role will allow Klaus, as a credentialed and well-connected mining executive, to focus on assisting Argent to identify and assess potential acquisition opportunities.

Developing the Kempfield Project

Argent is focused on developing its 100% owned Kempfield Polymetallic Project in New South Wales.

The project hosts 21.8 million tonnes at 47 g/t silver for 33 million silver ounces plus 200,000 tonnes of zinc and 97,000 tonnes of lead.

In addition, the project has a JORC compliant Exploration Target range which supports the project’s potential to grow its resource.

The lower end of the range is 6.4 million silver ounces, 20,000 gold ounces, 60,000 tonnes of zinc and 30,000 tonnes of lead.

The upper end of the range is 64 million silver ounces, 390,000 gold ounces, 480,000 tonnes of zinc and 240,000 tonnes of lead.

READ: Argent Minerals achieves valuable milestone with metallurgical test work results

Recent metallurgical test work at Kempfield has shown that primary material from Kempfield can be successfully separated.

Test work showed separation into potentially marketable commercial grade zinc and lead concentrates also containing silver and gold.

Importantly, this supports Kempfield as an economically viable polymetallic project with zinc, silver, lead and gold revenue streams from separate saleable zinc and lead concentrates.

More drilling at Kempfield is in the process of being planned.

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