Silver X Mining Corp · TSXV:AGX
Silver X Mining — Investor Presentation (November 2023)
29 slides from Silver X Mining's investor presentation, Nov 28, 2023
Slide 1: Emerging Silver Producer in South America
Emerging Silver Producer in South America Silver X Analyst Virtual Tour TSX.V: AGX | OTC: AGXPF | FRANKFURT: AGX November 28, 2023 TSX.V: AGX | OTC: AGXPF | FRANKFURT: AGX 1
Slide 2: Cautionary Statements
Cautionary Statements The information in this presentation is in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particul
Slide 3: Resource Disclosure
4 Resource Disclosure 1. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves. The quantity and grade of reported Inferred Mineral Resources in
Slide 4: Management Participants
Management Participants José García Jason Tong Chief Executive Officer CPA, CA, CFA & Director Chief Financial Officer 4 TSX.V: AGX | OTC: AGXPF | FRANKFURT: AGX
Slide 5: Agenda
Agenda 1. Introduction & Overview 2. Technical Description & PEA 3. Mining Units 4. Financial Overview & 2024 Outlook 5. Q&A Session 6. Closing Remarks 5 TSX.V: AGX | OTC: AGXPF | FRANKFURT: AGX
Slide 6: Introduction & Overview
INTRODUCTION & OVERVIEW 6 TSX.V: AGX | OTC: AGXPF | FRANKFURT: AGX
Slide 7: We Are a Silver Producer Growing Through Ongoing Exploration and Resource Increase
WE ARE A SILVER PRODUCER GROWING THROUGH ONGOING EXPLORATION AND RESOURCE INCREASE To consolidate and develop undervalued OUR assets, creating value by adding resources and VISION increasing production; aspiring to social and environmental excellence OUR To be a premier silver company delivering MIS
Slide 8: Why Silver X?
Why Silver X? Situated in a Tier 1 Mining Jurisdiction in South America Nueva recuperada Situated on a Growth Pipeline, Project, Peru Prolific District Increasing Resources ▪ Silver X Flagship Asset: a substantial ▪ Production Commenced in early 2023: YoY Resource Improvement Estimates: asset spanni
Slide 9: Peru – A Significant Silver Producing Country
Peru – A Significant Silver Producing Country Silver is Concentrated in South America 56% 55M Oz Ag/yr of global silver usage is attributed to is currently consumed by the green technologies, encompassing automotive sector, with this figure electric vehicles and solar panel expected to rise to 90 mi
Slide 10: Silver X Mining Projects
Silver X Mining Projects Fully Permitted and Commenced Production in January 2023 NUEVA RECUPERADA PROJECT Production Tangana Mining Unit Development Plata Silver Mining Unit Exploration Tangana Brownfield Plata Brownfield Victoria HS Gold Red Silver CORIORCCO GOLD PROJECT Silver X Property Huancave
Slide 11: Technical Description & PEA
TECHNICAL DESCRIPTION & PEA 11 TSX.V: AGX | OTC: AGXPF | FRANKFURT: AGX
Slide 12: Asset Overview: Nueva Recuperada Project
Asset Overview: Nueva Recuperada Project Located in Central Peru ▪ A multi-vein precious metals project, covering 230 mining concessions within +20,000 hectares, located in Central Peru, containing medium to heigh-grade of silver-rich polymetallic mineralization, in +500 km of outcrop veins. ▪ The p
Slide 13: Nueva Recuperada Project: Mineralization & High-Grade Targets
Nueva Recuperada Project: Mineralization & High-Grade Targets Tangana Mining Unit: Encompasses over 100 veins across an expansive area exceeding 6,500 hectares. ▪ 2023 PEA: Inferred Resources of 9,083,261 TM @1.18m @ 2.52 ozAg, 1.91% Pb, 1.84% Zn for 8.01 Ag Eq oz/t. ▪ M+I Resources of 3,428,141 TM
Slide 14: Nueva Recuperada Silver Project Mineral Resource Estimate
Nueva Recuperada Silver Project Mineral Resource Estimate ▪ Feb 2021: Technical Report for the Nueva Recuperada Project, Peru – 7.4Mt Inferred Resources ▪ Jun 2022: Technical Report for the Nueva Recuperada Project, Peru – 0.85Mt Measured + Indicated, 14.9Mt Inferred Resources ▪ Apr 2023: PEA - Tech
Slide 15: Tangana Mining Unit Pathway to Growth
Tangana Mining Unit Pathway to Growth Tangana Mining Unit Expansion PEA ▪ Upgraded Mineral Resources to 3.61Mt of M&I Resources from 0.98Mt in the 2022 Mineral Resource Estimate and 11.89Mt of Inferred Resources from 14.94Mt with a new resource block model, representing 4X growth in M&I Resources wh
Slide 16: Tangana Mining Unit – Preliminary Economic Assessment (PEA)
Tangana Mining Unit – Preliminary Economic Assessment (PEA)* Positive PEA Results support Silver X’s vision to increase production and processing capacity to 2,200 tonnes per day (tpd) Parameter Units Values Initial Capital Expenditure USD Million Pre-Tax $ Million 227 Mine $10.9 Net Present Value (
Slide 17: Mining Units
MINING UNITS 17 TSX.V: AGX | OTC: AGXPF | FRANKFURT: AGX
Slide 18: Nueva Recuperada Project: Tangana Mining Unit
Nueva Recuperada Project: Tangana Mining Unit Tangana under full production (current production focused on 10% of the resource) New mill Dry-stacked tailings Tangana West Tangana Main (Production) Tangana East Mining area 10.5 km Tangana West Tangana Main Tangana East ▪ High grades, 3 main structure
Slide 19: Tangana: A Multi-Vein Deposit
Tangana: A Multi-Vein Deposit Silver, Gold, Lead & Zinc TANGANA Mining Unit Development (2021 - Present): ▪ Silver X initiated the development of Tangana 1 and 2 veins in late 2021. ▪ Tangana encompasses 966.01 hectares, showcasing Ag-(Au)-Base Metals mineralization in intermediate sulfidation epith
Slide 20: Tangana Mining Unit
Tangana Mining Unit Exploitation Phase of Tangana Vein 1 and Projected Infill Drilling Campaign for Silver Resource Expansion Tangana Vein 1 Tangana Vein 2 ▪ Estimated Inferred Resource: 11,569,584 tonnes grading 86.15 g/t Ag, Near-Term Development: Silver X is strategically planning mine developmen
Slide 21: Tangana Mining Unit: Brownfield Exploration
Tangana Mining Unit: Brownfield Exploration Exploring the Rich Vein Diversity: San Antonio and Positivas Systems San Antonio Vein (Southeastern Half): Positiva Vein System: ▪ Hosted in Carbonate Formations ▪ Area: 2.5 km long by 200 meters wide ▪ Moderate to Thick Widths ▪ Tensional Veins in a Dilut
Slide 22: Nueva Recuperada Project: Plata Mining Unit
Nueva Recuperada Project: Plata Mining Unit Silver, Lead & Zinc ▪ Location & Infrastructure: Positioned 150 km east of Peru’s Pan American highway in the Lircay district, its accessibility is facilitated by a paved road, followed by a 34 km dirt road. ▪ Multiple Veins: Covering 3,829 hectares, Plata
Slide 23: Financial Overview & 2024 Outlook
FINANCIAL OVERVIEW & 2024 OUTLOOK 23 TSX.V: AGX | OTC: AGXPF | FRANKFURT: AGX
Slide 24: Silver X's 2022/23 Production Volume & Financial Highlights
Silver X’s 2022/23 Production Volume & Financial Highlights Production ramp up continuing to 720 tpd nameplate capacity 50,000 $35.00 44,795 45,000 $30.03 $29.76 $30.00 40,271 $13.9M +105% YoY 40,000 $26.60 in revenues in 2022 on 0.9M 35,392 AgEq1 oz of production (1) Revenue 35,000 $25.00 June 30,
Slide 25: Delivering and Building a Robust Growth Pipeline
Delivering and Building a – Robust Growth Pipeline Pathway to potential production of ~6M oz AgEq by 2026 at Nueva Recuperada District* Exploration Development Production Nueva Recuperada Plata Mining Unit Tangana Mining Unit ▪ Red Silver ▪ Ccasahuasi (gold target) > ▪ High-grade system with potenti
Slide 26: Unlocking Resource Value at Nueva Recuperada Silver District
Unlocking Resource Value at Nueva Recuperada Silver District Enhancing Production Capacity and Expanding Operations for Sustainable Growth ▪ Commenced production from ▪ Achieved Commercial Production ▪ Tangana Mining Unit Expansion: PEA targets a 3X Tangana Mining Unit ▪ Published first PEA for Nuev
Slide 27: Capital Structure
Capital Structure ~30% of insider ownership with a strong institutional support SHARE STRUCTURE As of Oct 2023 23% MARKET CAPITALIZATION 38.8 M Major Shareholders SHARES OUTSTANDING 166.6M Institutional WARRANTS 14.5M Management Retail 60% 17% OPTIONS 7.4M RSUs 250k FULLY DILUTED 189.5M Top Institut
Slide 28: Attractive Valuation Relative to Peers
Attractive Valuation Relative to Peers One of the highest discounts among silver peers Silver X is trading at only 0.12x P/NAV 1.20 1.00 0.97 0.80 P/NAV 0.60 0.60 0.55 0.45 0.41 0.40 0.28 0.20 0.12 - Silver X Mining Corp. Avino Silver & Gold Andean Precious Vizsla Silver Corp. Silvercorp Metals Inc.
Slide 29: Contact Us
Contact Us Jose Garcia | CEO j.garcia@silverxmining.com Jason Tong | CFO j.tong@silverxmining.com Investor Relations & Media ir@silverxmining.com Lima Office Vancouver Office Av. Sta Cruz 300 Suite 1500 – 409 Granville Street San Isidro, 15073 - Peru Vancouver, BC, Canada,V6C 1T2 www.silverxmining.c
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