Silver Mines Limited · ASX:SVL
Silver Mines — Shareholder Meeting (November 2012)
30 slides from Silver Mines's shareholder meeting presentation, Nov 19, 2012
Slide 1: Silver Mines Limited 2012 Annual General Meeting
For personal use only Silver mines limited 2012 ANNUAL GENERAL MEETING
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by the Silver Mines Limited (Silver Mines or the Company) from currently available public domain information to provide background information to enable recipients to review the business activities of Silver Mines. It is not intend
Slide 3: The Company
THE COMPANY For personal use only Silver Mines Limited (ASX: SVL, PLUS: SVLP) Highly prospective silver projects in NSW Flagship Webbs Silver Project is the highest grade undeveloped silver project in Australia, 11.75Moz at 245g/t Ag Excellent exploration potential for further discovery of high grad
Slide 4: The Company: milestones achieved this financial year
THE company For personal use only Milestones achieved this financial year include: Completion of 7,996 m of RC drilling, in 98 holes and 2,233m of Diamond drilling in 19 holes 400% increase in Measured and Indicated JORC Resources at Webbs to 969,000 tonnes averaging 269g/t Ag for a contained resour
Slide 5: Silver Uses, Supply and Demand
Silver Uses, Supply and Demand For personal use only Silver is a ‘miracle metal’ and one of the Annual Total Supply world’s most useful commodities (Projected Through 2012) Silver is used: 1,100 to make currency, jewellery, silverware 1,000 as an investment 900 in mobile phones, cameras, laptops, 80
Slide 6: Silver Uses, Supply and Demand
Silver Uses, Supply and Demand For personal use only China and India represent two behemoth markets where populations have shown a tremendous appetite for gold and silver. An awakening of emerging market investment demand will contribute to a new demand dynamic for physical silver bullion. The print
Slide 7: Silver Price
Silver PRICE For personal use only The average annual silver Silver. London PM Fix, 2000 to Present price for 2011 of $35.12 per (USD per ounce) ounce which set a record for 55.00 1900 the white metal, a staggering 45.83 74% gain over the 2010 price. 36.67 27.50 18.33 9.17 Source: Kitco.com 8.00 2 J
Slide 8: SVL v Silver
SVL V SILVER For personal use only To date the share price of Silver Silver Price Vs SVL Share Price Mines has generally shadowed (July 2009 - Nov 2012) the silver price. 360 1900 0 2 Jul Sep Nov 2009 Mar May Jul Sep Nov 2010 Mar May Jul Sep Nov 2011 Mar May Jul Sep Nov 2012 Mar May Jul Sep Nov 2013
Slide 9: SVL Projects
SVL PROJECTS For personal use only Reference Project Name Company Area (Km2) New England Projects EL 5674 Webbs SVL 100% 12 EL 7602 Webbs NW SVL 100% 38 EL 6114 Pyes Creek SVL 100% 18 EL 6771 Clive SVL 100% 74 EL 6239 Webbs Consols SVL 100% 12 Other Projects EL 7640 Boro SVL 100% 44 EL 7928 Leadvill
Slide 10: Webbs Silver Project - EL5674, EL7602
WEBBS SILVER PROJECT - EL5674, EL7602 For personal use only Well located 50km north of Glen Innes in northeast NSW Indicated and Measured resources of 969,000t at 269 g/t Ag for 8.4Moz Ag Inferred resources of 3.4Moz at 201g/t Ag also exist Exploration target within the range of 14-45Moz of Ag# (exc
Slide 11: History of Webbs
HISTORY OF WEBBS For personal use only Mined in 1885-1901 and 1962-1965 and produced approx. 55,000t @ 700g/t Ag from the underground operation Previous work (1947-1970) includes 3,600m of drilling, surface - underground mapping and sampling, IP, EM and metallurgical test-work Work by Silver Mines s
Slide 12: Geology of Webbs Silver Deposit
GEOLOGY of webbs silver deposit For personal use only New England Orogen, a significant mineral province in Eastern Australia that hosts a variety of mineral deposits associated with granitic-porphyry intrusions, volcanics and surrounding rocks Webbs is developed in 50-100m wide, over 2km long north
Slide 13: Resource
RESOURCE For personal use only Current resource estimate for Webbs at 70g/t Ag cut-off Resource Class Tonnes Ag (g/t) Cu% Pb% Zn% Ag (oz) Measured 194,000 364 0.29 0.75 1.67 2,269,000 Indicated 775,000 245 0.26 0.70 1.49 6,102,000 Total M and I 969,000 269 0.27 0.71 1.53 8,371,000 Inferred 522,000 2
Slide 14: Webbs plan view
WEBBS For personal use only P lan view of Webbs showing outline of mineralisation of conceptual open pit outlines 14 Silver Mines Limited 2012 AGM
Slide 15: Selected Webbs Drilling Results
SELECTED WEBBS DRILLING RESULTS For personal use only Selected intersections calculated using 50g/t Ag lower cut-off (with up to 3m downhole internal dilution @ <50g/t; no top cut-off). Hole ID From To Interval Ag Cu Pb Zn Est True (m) (m) (m) g/t % % % Width RC076 146.0 171.0 25.0 1175 1.09 0.22 3.
Slide 16: Webbs Long Section Looking West
WEBBS LONG SECTION Looking West For personal use only ote high grade deeper intersections N (purple and red dots) Deposit completely open at depth 0.62Mt @ Ag g/t, Cu %, Pb % Zn % 16 Silver Mines Limited 2012 AGM
Slide 17: Drill Hole Sections Webbs South
DRILL HOLE SECTIONS WEBBS SOUTH For personal use only Sections are 80m apart Cross Section 6751690N Cross Section 6751770N along strike Sections highlight depth potential, grade, width and planar nature of lode Silver Mines Limited 2012 AGM 17
Slide 18: Core Hole DDH016 Webbs South
CORE HOLE DDH016 Webbs South For personal use only DDH016 intersection 83-97m down hole @ 1705g/t Ag incl. 83-86.5m @ 5802g/tAg, 5.3% Cu and 8.8% Zn, (shown right) Note: 85-86m assayed 11,125 g/t or 1.11% Ag 18 Silver Mines Limited 2012 AGM
Slide 19: Webbs Metallurgy
WEBBS metallurgy For personal use only Excellent results from metallurgical test work indicating >90% Ag recovery to doré Bulk concentrate recovers 92% of Ag to concentrate grading 3,837g/t Ag at only 6.6% mass pull. Extremely high value >$4000/t in contained silver SVL are testing a flow sheet inco
Slide 20: Metallurgy Schematic Flowsheet
metallurgy For personal use only Schematic Flowsheet 20 Silver Mines Limited 2012 AGM
Slide 21: Regional Silver Province
REGIONAL SILVER PROVINCE For personal use only Unlocking a new silver province SVL tenement Mole granite Sediments Volcanics 50km buffer around Webbs Known silver occurance Major road Silver Mines Limited 2012 AGM 21
Slide 22: Mole Project - EL6114, EL6771
mole PROJECT - EL6114, EL6771 For personal use only ELs 6114 and 6771 Rock Chip Ag Geochemistry, aeromagnetics and Prospects L ocated 35km north east of the Webbs Silver Project Hosts more than 100 documented metalliferous occurrences along a broad north west trend approximately 25km long and 3km wi
Slide 23: Mole Project - EL6114, EL6771
mole PROJECT - EL6114, EL6771 For personal use only S ignificant silver grades identified in Dataset Easting Northing Ag g/t Cu % Pb % Zn % Prospect SVL 386329 6765103 4710 0.07 0.46 0.1 New Prospect rock chip samples SVL 386333 6765101 3000 0.05 0.93 0.1 New Prospect SVL 386079 6765737 2950 0.17 4.
Slide 24: Mole Project - Hazeldean Prospect
mole PROJECT - EL6114, EL6771 For personal use only azeldean Prospect enhanced with soil H sampling and mapping by SVL B road alteration zone up to 50m wide with anomalous base metals ineralised zone extends for 1000m M along strike Zone open to south S hallow reconnaissance drilling planned for Nov
Slide 25: Leadville Project - EL7928
LEADVILLE PROJECT - EL7928 For personal use only L ocated at the northern margin of the Lachlan Orogen about 15km east of Dunedoo in central eastern NSW Numerous historical deposits occur in the area with recorded production of about 17,500 tonnes at recovered grades of around 600 g/t Ag and 10% Pb
Slide 26: Boro Project - EL7640
BORO PROJECT - EL7640 For personal use only Located about 60km northeast of Canberra S imilar geology to the nearby world class Woodlawn deposit S ignificant historical production of silver and associated minerals any targets require drill testing and drill M intersections achieved by previous explo
Slide 27: The Future
THE FUTURE For personal use only Key Focus: further evaluation of SVL projects Webbs Additional drilling planned at Webbs to increase current resource 5,000m of RC drilling is prepaid, 30,000m of drilling planned, 85% RC/15% DD New resource estimate in 2013 Open pit scoping and conceptual undergroun
Slide 28: Appendix
APPENDIX 1 For personal use only AgEQ (equivalent) and AuEQ in this document are gross value equivalents utilising the following metal prices in $A : Ag $26.8/oz, Cu, $7500/t, Pb $1800/t, Zn $1800/t and Au $1540/oz These are calculated by gross $ value of any Ag+Cu+Pb+Zn+Au in resources or drill int
Slide 29: Appendix: Webbs Resource Estimate
APPENDIX 2 Webbs Resource Estimate For personal use only Selected cut-off’s Webbs Resource Estimate at 40g/t Ag cut Webbs Resource Estimate at 100g/t Ag cut Resource Tonnes Ag Cu Pb Zn Ag Resource Tonnes Ag Cu Pb Zn Ag class (g/t) (%) (%) (%) (oz) class (g/t) (%) (%) (%) (oz) Measured 205,000 346 0.
Slide 30: For personal use only
For personal use only P 61 2 9253 0900 F 61 2 9253 0901 E info@silverminesltd.com.au L5 17-19 Bridge Street, Sydney NSW Australia 2000 www.silverminesltd.com.au