Abrasilver Resource Corp. · TSX:ABRA
Abrasilver Resource — Investor Presentation (October 2023)
31 slides from Abrasilver Resource's investor presentation, October 2023
Slide 1: A High-Growth Silver and Gold Explorer
October 2023 TSX-V: ABRA OTCQX: ABBRF A High-Growth Silver and Gold Explorer www.abrasilver.com
Slide 2: Disclaimers
Disclaimers This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regul
Slide 3: A High-Growth Silver & Gold Explorer
A High-Growth Silver & Gold Explorer Diablillos: Advanced-Stage Open Pit Oxide Silver-Gold Project... Oculto: Large M&I Resource (1) Advancing to PFS: 51.3Mt @ 66 g/t Ag and 0.79 g/t Au for 109 Moz Ag & 1.3 Moz Au …Featuring a New High-Grade Silver Discovery (“JAC”) Drill results over the past few m
Slide 4: Attractive Valuation Upside & Strong Shareholder Support
Attractive Valuation Upside & Strong Shareholder Support CAPITALIZATION (as of Oct. 02, 2023) TOP SHAREHOLDERS Basic Shares Outstanding 563M Eric Sprott 12% Share Price (CAD) $0.29 Management & Board 4% Market capitalization C$163M Institutional Investors ~30% Cash (estimate at June 30th) ~C$11M Ret
Slide 5: Significant Torque to Silver Prices
Significant Torque to Silver Prices Meaningfully outperformed both the Junior Silver Miners ETF (SILJ) and Junior Gold Miners ETF (GDXJ) while demonstrating considerable leverage to the silver price SHARE PRICE PERFORMANCE $0.80 Relative Performance Since January 1, 2020 8,000 ABRA: 400% $0.70 7,000
Slide 6: Salta Ranked #1 for Investment Attractiveness
Salta Ranked #1 for Investment Attractiveness1 $US Billions in development projects surround Diablillos Salta: Home to some of the largest global mining companies: 6 (1) Based on 2020 Fraser Institute Mining Survey abrasilver.com | TSX-V: ABRA | OTCQX: ABBRF 6
Slide 7: Diablillos
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Slide 8: Oculto Deposit: Large Scale, Near-Surface Mineralization
Oculto Deposit: Large Scale, Near-Surface Mineralization 1AgEq calculation includes Ag & Au values only based on formula: AgEq grade = Ag grade + Au grade x 8 abrasilver.com | TSX-V: ABRA | OTCQX: ABBRF (Gold Price/Silver Price) x (Gold Recovery/Silver Recovery), where gold price = $1750/oz and silv
Slide 9: Exploration Track-Record of Consistently Adding Value on Highly Cost-Effective Basis
Exploration Track-Record of Consistently Adding Value on Highly Cost-Effective Basis Phase I and II drill campaigns at Oculto totalled US$9.4M and added 75Moz AgEq1 contained in the M&I Mineral Resource, representing an impressive cost of only US$0.12 per ounce AgEq 1AgEq calculation includes Ag & A
Slide 10: Industry-Leading Drill Results
Industry-Leading Drill Results ABRA: 6 of top 12 best results globally over past 2.5 Years Top AgEq Intercepts – All Primary Silver Assets Globally (Jan. 2021 – Present) Reported Interval Grade Grade-Thickness Company (Project) Hole ID Date (m) (g/t AgEq) (g/t AgEq x m) 1. GGD (Los Ricos South) LRGA
Slide 11: Near-Surface, High-Grade JAC Discovery
Near-Surface, High-Grade JAC Discovery Discovery hole at JAC announced Aug. 2022 Intercepted 87m @ 346 g/t Ag and 0.15 g/t Au, from 89m down-hole depth 22,000m drill program now completed with results from multiple drill holes still pending Updated Mineral Resource Estimate and PFS expected shortly
Slide 12: JAC Drilling Highlights: New High-Grade Silver Discovery
JAC Drilling Highlights: New High-Grade Silver Discovery Drill From Interval Hole (m) To (m) (m) Ag g/t Au g/t AgEq1 g/t 22-019 89 176 87.0 346 0.15 357 22-044 121 179 58.0 209 0.20 223 22-046 123 165.5 42.5 401 0.11 408 22-052 139.5 164.5 25.0 754 0.12 764 22-053 140.5 168.5 28.0 266 0.64 319 22-05
Slide 13: JAC: A Unique Discovery With Significant Size & Grades
JAC: A Unique Discovery With Significant Size & Grades Dimensions of JAC are currently ~800m along strike, up to 150m wide and extending to a depth of 200m JAC remains open along strike towards the southwest and in other directions… 13 abrasilver.com | TSX-V: ABRA | OTCQX: ABBRF 13
Slide 14: Excellent Metallurgical Testwork Results
Excellent Metallurgical Testwork Results Overall recoveries at the JAC and Fantasma deposits range between 86% - 93% for silver and 82% - 91% for gold A substantial percentage of the silver at JAC can be recovered by gravity separation which increases overall recoveries Current testwork confir
Slide 15: District-Scale Potential w/ Multiple Zones To Be Tested
District-Scale Potential w/ Multiple Zones To Be Tested Beyond Oculto and JAC, several promising high-grade, near- surface mineralized zones remain to be drilled JAC North: New high-grade discovery announced Aug. 9, ‘23: DDH 23-064: 12m @ 1,042 g/t Ag starting from 69m down-hole depth DDH 23-055: 62
Slide 16: Diablillos – Large Scale Silver Resource With Significant Upside Potential
Diablillos – Large Scale Silver Resource With Significant Upside Potential The Diablillos project has a significant M&I Resource base when compared to other primary silver assets located in Latin America Numerous smaller-scale assets are either being operated or developed by mid-tier silver producer
Slide 17: La Coipita Project (San Juan, Argentina)
La Coipita Project (San Juan, Argentina) ABRA owns an option to acquire a 100% stake in a large +70,000 ha project in one of the world’s most endowed Cu-Au belts (e.g. Filo del Sol, Los Azules, Pelambres) 17 abrasilver.com | TSX-V: ABRA | OTCQX: ABBRF 17
Slide 18: La Coipita – Cu-Au Porphyry Discovery
La Coipita – Cu-Au Porphyry Discovery Hole DDHC 22-002 intersected a continuous copper porphyry zone of 226m of 0.34% Cu, 0.07 g/t Au & 66 ppm Mo marking a new discovery on the La Coipita project Hole DDHC 23-001 intersected a broad interval of copper-molybdenum porphyry mineralization of 694m of 0.
Slide 19: Creating Shareholder Value Through Execution
Creating Shareholder Value Through Execution - Pre-Feasibility Study P - Phase 3: complete 22,000m - Phase 4 Exploration Campaign drill program - Commencement of Bankable - Updated Mineral Resource P Phase 2: 20,000m drilled Feasibility Study Estimate PUpdated Resource - Submission of Environmental
Slide 20: Key Drivers for Investing
Key Drivers for Investing Large Resource Base With Excellent Exploration Upside1: M&I Resources of 51.3Mt at 66 g/t Ag and 0.79 g/t Au for +109Moz Ag and 1.3Moz Au Right Jurisdiction: 2021 Fraser Institute #1 most attractive jurisdiction in Latin America, with billions of dollars being spent in new
Slide 21: Additional Information
itic itional Informa
Slide 22: Management & Directors
Management & Directors Strong Team with Extensive Technical and M&A Expertise Management John Miniotis, Chief Executive Officer • 18+ years of experience in the mining industry (Lundin Mining, AuRico Metals, Barrick, BMO) focused primarily on mergers & acquisitions, equity capital markets, IR & corp
Slide 23: Mineral Resource Estimate (Oct. 31, 2022)
M&I Resource: +109M oz Ag & 1.3M oz Au Open Pit M&I Resources at Oculto (Oct. 31 2022): +109Moz Silver & 1.3Moz Gold Including high-grade ‘Measured’ category contains: 19.3Mt @ 98 g/t Ag and 0.88 g/t Au Based on ~105,000 metres of drilling in 457 holes at Oculto deposit Mineral Resource Estimate (Oc
Slide 24: Diablillos – Excellent Access to Infrastructure
Diablillos – Excellent Access to Infrastructure Located in an established mining camp that includes multiple lithium and borate mining operations Accessible by good all-weather gravel roads with nearby airstrip (~25 km) A natural gas pipeline built to supply mining projects like Diablillos is locate
Slide 25: Oculto Geological Model
Oculto Geological Model Epithermal Ag-Au Deposit with Cu-Au Porphyry Intrusive Diablillos property has multiple epithermal and porphyry targets Oculto Zone contains majority of the resources and has over 120,000 m of drilling, but only down to a depth of ~400 m Past drilling focused on the high sulp
Slide 26: High Grade Cu & Au Intercepts in Sulphides - Remain Largely Untested
High Grade Cu & Au Intercepts in Sulphides - Remain Largely Untested Beneath the oxide gold zone, we’ve intersected several high-grade Cu/Au sulphide intercepts The sulphide zone currently extends for ~ 2 km, and remains largely untested Represents a significant exploration target which will be eval
Slide 27: Water Easements in Place
Water Easements in Place Abundant nearby fresh water with easements in place Easements already in place for several wells with applications being prepared for additional easements Adequate supply identified for up to a 9,000 tpd operation with plans to explore for additional water resources 27 abras
Slide 28: Diablillos District-Scale Exploration Potential
Diablillos District-Scale Exploration Potential 28 abrasilver.com | TSX-V: ABRA | OTCQX: ABBRF 28
Slide 29: La Coipita Option Payment Schedule
La Coipita Option Payment Schedule The Company has entered into two separate option agreements with arm’s length private owners to acquire a 100% interest in La Coipita. First agreement, announced on March 2, 2020: Timing Payments (US$) Paid upon signing $65,000 March 2021 (paid) $100,000 March 2022
Slide 30: Capital Structure (as of August 2023)
Capital Structure (as of August 2023) Potential Outstanding Proceeds (M) Price (CAD$ M) Expiry Basic Shares Outstanding 563 Warrants: 6 $0.10 $0.6 Apr. 18, 2024 2 $0.37 $0.6 Jun. 6, 2024 14 $0.50 $6.8 Dec. 6, 2024 Total Warrants 21 $0.38 $8.3 Present – Feb. Total Options 25 $0.25 $6.1 ‘28 Fully Dilu
Slide 31: To Find Out More, Contact
To Find Out More, Contact: John Miniotis – President & CEO info@abrasilver.com +1.416.306.8334 www.abrasilver.com
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