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INVESTOR UPDATE
 Presentation to Gold Symposium.
              Sydney
         November 2011
Disclaimer
Certain statements contained in this presentation, including information as to the future financial or operating performance of Argent
Minerals Limited (ASX:ARD) and its projects, are forward looking statements:
-may include, among other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral
resources and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures, and are or
may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions;
-are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Argent, are inherently subject to
significant technical, business, economic, competitive, political and social uncertainties and contingencies; and
-involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or
anticipated events or results reflected in such forward looking statements.

Argent disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future
events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”,
“budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward looking statements.

All forward looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that
forward looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance
on forward looking statements due to the inherent uncertainty therein.

The information in this Report that relates to Exploration at Kempfield and West Wyalong is based on information compiled by David
Timms and Dr Vladimir David who are members of the Australian Institute of Geoscientists, and Technical Consultants to Argent, and who
have sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being
undertaken to qualify as Competent Persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves”. Mr Timms and Dr David consent to the inclusion in the report of the matters based on the
information in the form and context in which it appears.

The information in this Report that relates to Mineral Resources is based on information compiled by Mr Arnold van der Heyden, who is a
Fellow of the Australian Institute of Geoscientists and an employee of Hellman & Schofield Pty Ltd. Mr van der Heyden has sufficient
experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify
as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves”. Mr van der Heyden consents to the inclusion in the report of the matters based on the information in the form and
context in which it appears.
ARGENT MINERALS
Argent is an ASX listed pre-development minerals
company with a 100% interest in the Kempfield
silver/lead/zinc project located 30 kms south of
Blayney, NSW.

 Argent also has a 51% interest in the Sunny Corner
polymetallic deposit near Bathurst, NSW and has
interests in tenements at West Wyalong and Louth.
CORPORATE INFORMATION

               Capital Structure
                                                Share Price Chart
ASX Code                           ARD



Shares on Issue-Fully Diluted   141 million



Share Price -14 November         $0.195
Market Cap                       $ 27million
Cash at 30 September             $ 8.2million
                                                Directors
                                                Kerry McHugh – Executive Chairman
                                                Marcus Michael – Executive Director
                                                Steve Gemell – Non Executive Director
                                                Ross Smyth-Kirk– Non Executive Director
KEMPFIELD PROJECT
                    OVERVIEW
•   Located 7km West of Trunkey Creek and 80km South of Orange, NSW

•   Silver, Lead, Zinc, Barite VMS Deposit

•   JORC Resources of 20 Mt containing 31Moz of Silver, 265,000t Pb/Zn,
    65,000 ozs of gold and 2.5Mt of Barite-resource update imminent.
•   Definitive Feasibility Study into project to produce 21 million ozs of
    silver,110,000 tonnes of lead and zinc and 34,000 ozs of gold
      •   Open Pit Operation @ 1.5 Mtpa
      •   Strip ratio 1.4 to 1
      •   CIL and Flotation
      •   Mine Life 10.5 Years
      •   Estimated undiscounted cash flow (pre capex) $297 million
      •   Employ 70-80 People
MINERAL RESOURCES
                               Silver                 Gold              Lead                  Zinc

                 Tonnes    Grade   Contained   Grade   Contained   Grade   Contained    Grade   Contained
                                    Metal               Metal                Metal                Metal


                Million      g/t    M ozs       g/t    000 ozs      %       000t         %       000t

Oxide/Mixed*       5.8       58      10.8      0.1       19        N/A      N/A         N/A      N/A
Cut off grade
25g/tAg

Primary**         14.4       45      20.8      0.1       46        0.6       86         1.2       175
Cut off grade
50g/tAg Eq
Total             20.2       49      31.6      0.1       65        N/A       86         N/A       175

           31.6m ozs of silver + 65,000 ozs of gold equivalent to 700,000 ozs of gold
           at silver /gold ratio of 50 to 1.
           * Approximately 83% of these resources are Measured or Indicated
           **Approximately 64% of these resources are Measured or Indicated
PROJECT SITE
DFS Underway
•   Metallurgical testing-nearing completion
•   Infill drilling-done
•    Revised resource estimate-imminent
•   Mine plan - prelim plan done
•   TSF and Water- design and studies underway
•   Roads and Power-designs underway
•   Environmental Impact Statement-being done
•   Development Approval-applied for
Figure 1
Kempfield
Project
Site Plan
INDICATIVE PROJECT TIMETABLE
        Activity        Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14
 Complete Metallurgical
 Testwork

 Prepare Revised
 Resource Statement

 Complete Feasibility
 Study

 Negotiate Financing

 Obtain Development
 Approval

 Decision to Mine

 Construct Project

 First Production
Kempfield :
Exploration
Potential
BJ and McCarron Pit Outlines




  Area shown in North McCarron Drill Plan
                                            /  /    /
                                                /
                                            / /     /
                                                /
                                            / /     /
                                                /
                                             / /    /
                                                /
708,300 mE                            708,350 mE                     708,400 mE              708,450 mE               708,500 mE      708,550 mE

North McCarron                                                                            36m from 40m




                                                                                                                                                       6,258,400 mN
                                                                                          39.1/t Ag;
                                                                                          2.0%Pb+Zn




                         6,258,400 mN
Drill Plan                                                                                                            AKRC127




                                                     schist




                                                                                                                                                       6,258,350 mN
                         6,258,350 mN
                                                                                    schist

                                                                                                          open cut
                                                                                                           outline
                                                                   8m from 32m
                                                                   0.23 g/tAu; 93.32g/t Ag;
                                                                   1.79%Pb+Zn and




                                                                                                                                                       6,258,300 mN
                                                                   18m from 56m
                                                                   39.9/t Ag; 1.36%Pb+Zn




                         6,258,300 mN
                                                                                                             barite
                                                       10m from 40m
                                                       0.32 g/tAu; 58.1g/t                      AKRC124
                                                       Ag; 1.40%Pb+Zn and
                                                       32m from 66m
                                                       48.1g/t Ag;
                                                       1.48%Pb+Zn                                                                        open cut
                                                                                                                                          outline




                                                                                                                                                       6,258,250 mN
                                                                                                                                         BJ Zone
                         6,258,250 mN




                                             52m from 24m                        AKRC130
                                             0.12 g/tAu; 70.5g/t
                                             Ag; 01.7%Pb+Zn


                                                                                                                              schist




                                                                                                                                                       6,258,200 mN
                                                                    AKRC118
                         6,258,200 mN




                                         24m from 40m
                                         0.16 g/tAu; 67.2g/t
                                         Ag; 2.0%Pb+Zn
                                                                                                         barite

                                                                              AKRC131
                                             61m from 24m
                                                                                                                                       metasediments
                                             0.13 g/tAu; 102.7g/t
                                             Ag; 1.61%Pb+Zn
                                                                             AKRC100




                                                                                                                                                       6,258,150 mN
                         6,258,150 mN




                                         AKRC81        28m from 4m
                                                       0.39 g/tAu; 107g/t
                                                       Ag; 1.82%Pb+Zn

                                                                        AKRC103
                                        24m from 16m                                                                    open cut
                                        0.12 g/tAu; 64g/t Ag;       AKRC99
                                        0.46%Pb+Zn and
                                                                                                                         outline




                                                                                                                                                       6,258,100 mN
                                        4m from 94m                                                                     BJ Zone
                         6,258,100 mN




                                        0.25 g/tAu; 40.1g/t
                                        Ag; 11.6%Pb+Zn

                                                   schist
                                                                          18m from 2m
                                                                          0.28 g/tAu; 90.5g/t
                                                                          Ag; 0.63%Pb+Zn

                                                                    open cut
                                                                     outline


                                                                                                                                                       6,258,050 m
                                                                    McCarron
                         50 mN




                 708,300 mE                            708,350 mE                     708,400 mE              708,450 mE               708,500 mE      708,550 mE
Deep Drilling – BJ Zone
Deep Drilling – BJ Zone
The Investment Case
1620 kerry mchugh

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1620 kerry mchugh

  • 1. INVESTOR UPDATE Presentation to Gold Symposium. Sydney November 2011
  • 2. Disclaimer Certain statements contained in this presentation, including information as to the future financial or operating performance of Argent Minerals Limited (ASX:ARD) and its projects, are forward looking statements: -may include, among other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral resources and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions; -are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Argent, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and -involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements. Argent disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward looking statements. All forward looking statements made in this presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. The information in this Report that relates to Exploration at Kempfield and West Wyalong is based on information compiled by David Timms and Dr Vladimir David who are members of the Australian Institute of Geoscientists, and Technical Consultants to Argent, and who have sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as Competent Persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Timms and Dr David consent to the inclusion in the report of the matters based on the information in the form and context in which it appears. The information in this Report that relates to Mineral Resources is based on information compiled by Mr Arnold van der Heyden, who is a Fellow of the Australian Institute of Geoscientists and an employee of Hellman & Schofield Pty Ltd. Mr van der Heyden has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr van der Heyden consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.
  • 3. ARGENT MINERALS Argent is an ASX listed pre-development minerals company with a 100% interest in the Kempfield silver/lead/zinc project located 30 kms south of Blayney, NSW. Argent also has a 51% interest in the Sunny Corner polymetallic deposit near Bathurst, NSW and has interests in tenements at West Wyalong and Louth.
  • 4. CORPORATE INFORMATION Capital Structure Share Price Chart ASX Code ARD Shares on Issue-Fully Diluted 141 million Share Price -14 November $0.195 Market Cap $ 27million Cash at 30 September $ 8.2million Directors Kerry McHugh – Executive Chairman Marcus Michael – Executive Director Steve Gemell – Non Executive Director Ross Smyth-Kirk– Non Executive Director
  • 5. KEMPFIELD PROJECT OVERVIEW • Located 7km West of Trunkey Creek and 80km South of Orange, NSW • Silver, Lead, Zinc, Barite VMS Deposit • JORC Resources of 20 Mt containing 31Moz of Silver, 265,000t Pb/Zn, 65,000 ozs of gold and 2.5Mt of Barite-resource update imminent. • Definitive Feasibility Study into project to produce 21 million ozs of silver,110,000 tonnes of lead and zinc and 34,000 ozs of gold • Open Pit Operation @ 1.5 Mtpa • Strip ratio 1.4 to 1 • CIL and Flotation • Mine Life 10.5 Years • Estimated undiscounted cash flow (pre capex) $297 million • Employ 70-80 People
  • 6. MINERAL RESOURCES Silver Gold Lead Zinc Tonnes Grade Contained Grade Contained Grade Contained Grade Contained Metal Metal Metal Metal Million g/t M ozs g/t 000 ozs % 000t % 000t Oxide/Mixed* 5.8 58 10.8 0.1 19 N/A N/A N/A N/A Cut off grade 25g/tAg Primary** 14.4 45 20.8 0.1 46 0.6 86 1.2 175 Cut off grade 50g/tAg Eq Total 20.2 49 31.6 0.1 65 N/A 86 N/A 175 31.6m ozs of silver + 65,000 ozs of gold equivalent to 700,000 ozs of gold at silver /gold ratio of 50 to 1. * Approximately 83% of these resources are Measured or Indicated **Approximately 64% of these resources are Measured or Indicated
  • 8. DFS Underway • Metallurgical testing-nearing completion • Infill drilling-done • Revised resource estimate-imminent • Mine plan - prelim plan done • TSF and Water- design and studies underway • Roads and Power-designs underway • Environmental Impact Statement-being done • Development Approval-applied for
  • 10. INDICATIVE PROJECT TIMETABLE Activity Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Complete Metallurgical Testwork Prepare Revised Resource Statement Complete Feasibility Study Negotiate Financing Obtain Development Approval Decision to Mine Construct Project First Production
  • 12. BJ and McCarron Pit Outlines Area shown in North McCarron Drill Plan / / / / / / / / / / / / / / / /
  • 13. 708,300 mE 708,350 mE 708,400 mE 708,450 mE 708,500 mE 708,550 mE North McCarron 36m from 40m 6,258,400 mN 39.1/t Ag; 2.0%Pb+Zn 6,258,400 mN Drill Plan AKRC127 schist 6,258,350 mN 6,258,350 mN schist open cut outline 8m from 32m 0.23 g/tAu; 93.32g/t Ag; 1.79%Pb+Zn and 6,258,300 mN 18m from 56m 39.9/t Ag; 1.36%Pb+Zn 6,258,300 mN barite 10m from 40m 0.32 g/tAu; 58.1g/t AKRC124 Ag; 1.40%Pb+Zn and 32m from 66m 48.1g/t Ag; 1.48%Pb+Zn open cut outline 6,258,250 mN BJ Zone 6,258,250 mN 52m from 24m AKRC130 0.12 g/tAu; 70.5g/t Ag; 01.7%Pb+Zn schist 6,258,200 mN AKRC118 6,258,200 mN 24m from 40m 0.16 g/tAu; 67.2g/t Ag; 2.0%Pb+Zn barite AKRC131 61m from 24m metasediments 0.13 g/tAu; 102.7g/t Ag; 1.61%Pb+Zn AKRC100 6,258,150 mN 6,258,150 mN AKRC81 28m from 4m 0.39 g/tAu; 107g/t Ag; 1.82%Pb+Zn AKRC103 24m from 16m open cut 0.12 g/tAu; 64g/t Ag; AKRC99 0.46%Pb+Zn and outline 6,258,100 mN 4m from 94m BJ Zone 6,258,100 mN 0.25 g/tAu; 40.1g/t Ag; 11.6%Pb+Zn schist 18m from 2m 0.28 g/tAu; 90.5g/t Ag; 0.63%Pb+Zn open cut outline 6,258,050 m McCarron 50 mN 708,300 mE 708,350 mE 708,400 mE 708,450 mE 708,500 mE 708,550 mE
  • 14. Deep Drilling – BJ Zone
  • 15. Deep Drilling – BJ Zone