Business Summary

Argonaut Resources NL is an Australia-based mineral exploration and development company with operations in Zambia and Australia. The Company’s base metals projects in Australia include Torrens, Murdie, Kroombit, Aroona and Higginsville. The base metals projects in Zambia include Lumwana West, Kalaba East and Kamapanda. The exploration license for base metals projects in Australia includes EL 6199, EL 6407, EL 5937, EL 5945, EL 6554, EL 6555 and mineral license (ML) 5631. The Lumwana West, Kalaba East and Kamapanda projects are located in the Central African Copperbelt, North-Western Province, Zambia. The Company’s gold project Higginsville is located south of Kambalda, west of Lake Cowan and adjacent to Higginsville. The Higginsville Project includes Amorphous, Footes Find and Island prospects. The Island gold prospect is located nine kilometers south of the Higginsville mining camp, which lies between the St Ives and Norseman gold mining districts in Western Australia.