Argent Minerals Limited reported an updated mineral resource statement for the Kempfield project, which we believe significantly advances the progress of the project.
The resource statement has been updated to incorporate the milestone metallurgical results reported on 12 April 2018 – creating a positive new positive development scenario for Kempfield.
The new scenario has been created by the successful separation of the primary feed material into a potentially marketable commercial grade zinc and lead concentrates, which also contain silver and gold.
The contained metal equivalence formula has been substantially revised to reflect the significant impact of the metallurgical recoveries announced on 12 April 2018 for the primary material, as well as updated market pricing for zinc, silver, lead and gold. Whilst the underlying mineral resource estimation methodology and individual metal grade estimates remain unchanged, the cut-off grade for reporting of the primary material resource, which is based on the contained metal equivalence formula, has been increased to 80 g/t Ag Eq (from 50 g/t Ag Eq previously).
The cut-off grade for the oxide/transitional material, which does not depend on the equivalence formula, remains unchanged at 25 g/t Ag.
The application of the updated cut-off grades and the contained metal equivalence formula to the existing underlying resource estimate has resulted in the following contained metal equivalents for the total mineral resource estimate:
100 million ounces silver equivalent contained metal: 26 Mt @ 120 g/t Ag Eq – almost double the ounces and at a significantly higher grade than the previous estimate of 52 million ounces Ag Eq at 74 g/t Ag Eq; OR/
520,000 tonnes zinc equivalent contained metal: 26 Mt @ 2.0% Zn Eq – reported for the first time for the Kempfield project as required by the JORC 2012 code due to the substantially increased contribution of zinc (approximately 45%) to potential revenues.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.