Argent Minerals Limited announced the completion of the first helicopter-borne rock chip reconnaissance survey over the Mt Palgrave Prospect within the Gascoyne Province of Western Australia. The company commenced the first pass exploration program over Mt Palgrave and the surrounding copper prospect areas in November 2022. As part of the reconnaissance program, Argent also assessed the logistics of the upcoming extensive ground exploration- based programs. Mount Palgrave Copper Occurrence: Initial exploration work commenced on the Mt Palgrave Copper Prospect from 1966 to 1967.

Historical rock chip sampling & costeaning copper assays include 1.12% Cu, 4.6% Cu, 6.8% Cu and 14.2% Cu. Trenching intersected 13m@3.35% Cu along with first pass RAB drilling intersecting copper mineralisation from surface. Based on field observation, the copper mineralisation is hosted within the Discovery Formation Siltstone within the bedding planes, fractures and in part disseminated within the matrix.

Most of the copper mineralisation defined to date is hosted on the fold hinge and eastern limb of a regional syncline. Highlights: Extensive copper mineralisation has been confirmed by its maiden rock chip reconnaissance survey over the Mt Palgrave Prospect within Copperhead Project in the highly prospective Gascoyne Province. High-grade copper assays include 2.42%, 4.14%, 5.92%, 8.8%, 14.96% and 21.1% Cu with strongly anomalous zinc mineralisation up to 0.11% from 12 rock chip samples.

Field observations have determined: Copper mineralisation is hosted within the Discovery Formation Siltstone which mainly comprised malachite running parallel within bedding planes, malachite hosted hematite-goethite fractures and malachite-azurite disseminated within the matrix of the bleached siltstone. Copper Mineralisation is hosted within extensive regional synclines ­ mainly on the east limbs and within the fold hinges. Potential structural stratiform Cu-Zn mineralisation hosted within the Discovery Formation has been estimated to be over 84km in length within the Project areas.

On a regional scale, western, eastern and the synclinal hinge zones remain untested with extensive zones varying from 2.5 to 3.3km in strike length. Visible copper mineralisation in the form of malachite yet to be assayed.