Argent produces commercial grade zinc and lead concentrates
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Argent Minerals Limited (ASX:ARD) has achieved a significant new milestone for the Kempfield polymetallic project. ARD reports the successful separation of primary material into potentially marketable commercial grade zinc and lead concentrates that also contain silver and gold.
The extraction of zinc and lead into separate concentrates marks a significant advance towards project development, as the company pursues the redefinition of Kempfield as an economically viable polymetallic project with multiple revenue streams at prevailing market prices.
Under the project redefinition validated by today’s results, zinc becomes the major contributor to potential revenue, followed by silver, lead and gold. This substantially boosts the economics and de-risks the project.
As well as the overall favourable market conditions for zinc producers, the polymetallic project also has significant upside leverage to any future silver price rises.
The following results were achieved by a flotation test followed by the regrinding of lead rougher concentrates and conducting a series cleaning tests for separate lead and zinc flotation circuits:
Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.
The test results also showed that optimum commercial performance is achievable by a relatively simple process, and that primary grind particle size well within industry peer process plant design practice.
ARG’s next steps for metallurgical testing are likely to include variability testing across the various mineralogical domains of the Kempfield deposit. This will require additional samples to be collected.
The metallurgical engineer has prescribed a highly cost-efficient method based on collecting samples from reverse circulation (RC) drilling and protecting the samples from oxidation by storage within nitrogen-filled containers prior to freezer storage at the metallurgical laboratory facilities.
This method has been determined by the metallurgical engineer as appropriate for the current stage of the Kempfield project, avoiding the need for costly dedicated metallurgical diamond drilling whilst making use of samples obtained for exploration and resource infill drilling.
Following its review of the company’s projects, the ARD Board has determined that drilling is to proceed at Kempfield as the top priority.
Planning is underway for an initial drilling program, the design of which is guided by the new geological model and the ARD’s internal project economics model that has been updated based on today’s metallurgical results.
The drill plan and strategy will be announced separately to the ASX on completion of the design work.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
