Argent Minerals Limited announced the results from its high-level geophysics interpretation review over its 100% Kempfield Gold-Silver-Base Metal Project. About the Kempfield Project Area: The Kempfield Ag-Pb-Zn-Au-Cu Deposit is located 45km SSW of Blayney and 8km west of Trunkey Creek in New South Wales. The Kempfield area first became known for barite mining which commenced in 1918 and continued periodically until the Geological Survey of NSW undertook mapping from 1971.

Mineralisation is of Volcanogenic Massive Sulphide type comprising stratiform barite-rich horizons with silver, lead, zinc and +/- gold. The Exploration Licence 5645 is 100% owned and operated by Argent Pty Ltd. a wholly owned subsidiary of Argent Minerals Limited. The Kempfield Polymetallic Project has a substantial Mineral Resource of 21.8 million tonnes containg 52 million ounces of silver equivalent metal.

The Mineral Resource was upgraded to JORC 2012 standard in May 2014 without any changes in the estimates for grade and tonnage, reflecting both the quality of the existing Mineral Resource itself and the high standard of the work conducted at the project by Argent Minerals to date. Over 90% of the Kempfield Polymetallic Project's identified mineral resource is located within freehold land that has been purchased by Argent Minerals Limited. The Coombing Formation (includes feldspathic siltstone, sandstone & chert rock types) hosts the majority of the Ag-Au-Cu-Pb-Zn mineralisation.

Core Geophysics Compilation and Re-Interpretation: Argent Minerals Limited (Argent) engaged Core Geophysics (Core) to compile and comment on historical geophysical activity related to the current Kempfield tenements held by Argent. This included consolidating and compiling all relevant and available geophysical surveys into a common GIS platform (QGIS) and examining options for suitable further work. Targets Generated: Although the area has a long history of exploration and mining the area is relatively underexplored SSW and NNE of the current Kempfield Resource area.

Based on the current geophysical review further previously unidentified target areas have been located proximal to the Colossal Reef Mine area and east of the known BJ zone and Quarries mineralised areas. The interpretation of airborne and ground geophysical datasets has identified several potential Au-Ag-Cu-Pb-Zn targets. These targets are also presented and are summarised in Figures 2 to 5. The standout geochemical exploration target is located in between the Gully Swamp Mine and the Sugarloaf zone.

Extensive barite outcrops coincide with a large silver-load geochemical anomaly which remains completely untested by drilling. This represents a high priority drill target and will be systematically explored in early 2022. Conclusions: The SAM (MMR) surveys highlight responses to known mineralised zones as well as faults over the Kempfield Deposit.

The MMR also clearly maps the major barite lenses as distinct resistivity lows (e.g. in Lens 1 - BJ Ore zone). The MMR surveys identified several magnetometric conductivity (MMC) zones considered to be anomalies located west of existing mineralisation in the volcanic/volcanoclastic sequence. The flanks of the MMC highs are considered as target areas as these provide the best correlation to the known ore lenses.

Of the surveys completed IP, has been reported to have been the most effective for delineating ore lenses. This is primarily based on the shallow, pre-1990 surveys, with the more recent 2010 survey providing broad and deeper targets which are relatively untested. The VTEM survey defined several discrete anomalies which requires follow up.

High resolution heli-magnetic and radiometric data display significant anomalies associated to the known mineralised zones and provide untested targets for follow up investigation. The magnetic data also highlights major structures which appear to control the mineralisation.