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Argent Minerals Limited ( (AU:ARD) ) just unveiled an update.
Argent Minerals Limited has successfully raised $4.85 million through a placement to sophisticated and professional investors, aimed at advancing exploration and development at its Kempfield Silver-Polymetallic Project and the West Wyalong Copper-Gold Project. The funds will support drilling programs to expand the resource inventory and test district-scale potential, positioning Argent to transition from explorer to developer amidst strong silver market conditions. The capital raise reflects investor confidence in Argent’s strategy to fast-track the development of its polymetallic deposit, with significant growth opportunities identified at Kempfield and surrounding prospects.
More about Argent Minerals Limited
Argent Minerals Limited is an Australian-focused silver and precious metals developer. The company is primarily engaged in the exploration and development of silver and polymetallic resources, with a significant focus on the Kempfield Silver-Polymetallic Project in New South Wales, which hosts Australia’s second-largest undeveloped silver deposit.
Average Trading Volume: 3,272,527
Technical Sentiment Signal: Buy
Current Market Cap: A$34.71M
Find detailed analytics on ARD stock on TipRanks’ Stock Analysis page.