Business Summary

Argent Minerals Limited is primarily engaged in the mineral exploration of silver, lead, zinc, copper and gold in Australia. The Company’s projects include Kempfield Polymetallic Project, West Wyalong Project and Sunny Corner mine. The Kempfield Polymetallic Project is located approximately 41 kilometers to the south of Newcrest’s Cadia is Kempfield. The Kempfield Polymetallic Project has a Mineral Resource of over 21.8 million tons and approximately 52 million ounces of silver equivalent contained metal. The West Wyalong Project is located within the same geological setting that hosts porphyry copper-gold mines, such as Newcrest’s Cadia, China Molybdenum’s Northparkes, as well as the Lake Cowal Gold Mine and is located over 37 kilometers to the north of West Wyalong. The Sunny Corner Project is located approximately 175 kilometers from Sydney, which operates under the exploration license EL5964 and covers an area of approximately 104 square kilometers.