Argent Minerals Limited (ASX: ARD, Argent, or the Company) is pleased to announce it has entered into a JointVenture Heads of Agreement with Sunshine Reclamation Pty Ltd (SRP) and its wholly owned subsidiary Sunny Silver Pty Ltd in relation to the Lachlan Fold Belt exploration licence over Sunny Corner EL5964.

Background

Argent Minerals sold the Sunny Corner Exploration Licence to Sunshine Reclamation (September 2019) under the Sunny Corner Sale Agreement on the basis that a part of the area required significant environmental rehabilitation. The Company considered in 2019 not to have the time or available resources to successfully undertake a significant rehabilitation exercise.

SRP has completed an assessment and isolated the parts of the tenement which are the primary focus of its planned reclamation and rehabilitation work. SRP's reclamation plans include the construction and operation of processing plant(s) to treat complex contaminated materials from the Sunny Corner reclamation. These plants may also be applicable to treating ores from a discovery by Argent within trucking distance of Sunny Corner. And potentially provide an opportunity to fast track development of an applicable discovery.

About Sunshine Reclamation Pty Ltd

Sunshine Reclamation Pty Ltd is a mine reclamation and rehabilitation group resolving complex environmental and metallurgical problems. The main Sunny Corner mine is a contaminated site with significant acid mine drainage and metal contamination issues. It has a mining history going back almost 150 years and has been classified as a derelict mine site under the Mining Act 1992. Sunshine Reclamation plans to process the contaminated waste from the site and ameliorate the acid mine drainage as part of its site reclamation.

EL5964 Joint Venture Heads of Agreement with Sunny Silver

Argent has been in negotiations with SRP and Sunny Silver to undertake exploration of the areas not requiring environmental rehabilitation and in recent months has successfully negotiated a joint venture heads of agreement to conduct exploration in these areas.

Contact:

George Karageorge

Tel: 0419 944 484

Email: george.karageorge@argentminerals.com.au

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