Slide 1: Aftermath Silver – Investor Presentation: The Right Combination
AFTERMATH SILVER – INVESTOR PRESENTATION TSX.V: AAG - OTCQB: AAGFF THE RIGHT COMBINATION ・ Silver ・ Management ・ Chile May 2020 Photograph: The Challacollo Project, Chile
Slide 2: Important Information
www.aftermathsilver.com | TSX.V : AAG Important Information Cautionary Statement on Forward Looking Information 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 juri
Slide 3: COVID-19 Statement
www.aftermathsilver.com | TSX.V : AAG COVID-19 Statement The health and safety of our team, their families and the communities in which we work are the key priorities for Aftermath’s Board of Directors in light of the current unprecedented circumstances. Aftermath’s exploration plans have been postp
Slide 4: Aftermath Silver: The Right Combination
www.aftermathsilver.com | TSX.V : AAG Aftermath Silver: The Right Combination Silver There are currently few, pure silver projects leading to strong investor demand for silver-focused companies. Management Ability to raise capital and advance projects from exploration through to development/mining.
Slide 5: Corporate Summary
www.aftermathsilver.com | TSX.V : AAG Corporate Summary Objective Build a silver-focused exploration & development/mining company and monetize. Strategy Acquire silver assets with current or historic resources & exploration upside. Focus on projects with infrastructure. Operate in high-ranking minin
Slide 6: Key People: Management & Board
www.aftermathsilver.com | TSX.V : AAG Key People: Management & Board Michael Williams Ralph Rushton Peter Voulgaris Keenan Hohol David Terry Exec. Chairman, Director President, CEO, Director Technical Advisor Director Director M&A Mining Exploration Former general Geology & exploration Marketing Exp
Slide 7: Recent Developments
www.aftermathsilver.com | TSX.V : AAG Recent Developments Private Placements • Oct. 30, 2019: $2.5m @ 8c + 3yr ½ warrant @ 12c (32m units) • Nov. 14, 2019: $3.3m @ 20c + 3yr ½ warrant @ 25c (16.5m units) • Eric Sprott invested $3m in the 20c round. • May 7, 2020: $1.5m @ 20c + 3yr ½ warrant @ 25c (7
Slide 8: Capital Structure & Share Performance
www.aftermathsilver.com | TSX.V : AAG Capital Structure & Share Performance As of May 15, 2020 Issued and Outstanding : 90.14m 20D average Warrants: 27.19m 90D average Options: 5.95m Fully Diluted: 123.28m 30D average Management & insiders 3% issued, 7% FD. 3-month average daily trading volume: Eric
Slide 9: Chile
www.aftermathsilver.com | TSX.V : AAG Chile • Low political risk: Chile is top ranked jurisdiction in Latin America. • Stable and pro-mining. • Skilled workforce. • Mining accounts for 10% of Chile’s GDP and 50% of Chilean Exports. • Chile is a Top 10 global mining destination. • World’s 4th largest
Slide 10: 2 Silver Exploration Projects
www.aftermathsilver.com | TSX.V : AAG 2 Silver Exploration Projects Quebrada Blanca Both projects are former producing silver mines TSX.V: AAG OTCQB: AAGFF The Right Combination 10
Slide 11: Challacollo Overview
www.aftermathsilver.com | TSX.V : AAG Challacollo Overview Location 130km from the port city of Iquique in northern Chile. 30km from the Pan American Hwy, elevation 1,500m Area Concessions cover approximately 19,000 Ha. Annual fees ca. $100k Deposit Type Low sulphidation epithermal silver-gold quart
Slide 12: Challacollo: Upside – Infrastructure
Challacollo: Upside www.aftermathsilver.com | TSX.V : AAG Challacollo – Infrastructure • Accessed via Teck’s paved Quebrada Blanca access road via a 20 km dirt track. • Paved road A85 passes through the Challacollo exploration tenements, approximately 6 km to the south of the historic resource area.
Slide 13: Challacollo
www.aftermathsilver.com | TSX.V : AAG Challacollo Site panorama Core storage & logging facility Historic stopes Teck water pipeline route under construction TSX.V: AAG OTCQB: AAGFF The Right Combination 13
Slide 14: Challacollo Historic Exploration Work
www.aftermathsilver.com | TSX.V : AAG Challacollo Historic Exploration Work Aftermath’s exploration will benefit from a large amount of historic exploration data dating back to the 1980s. 1995-96: Minera Mantos Blancos drilled 22 RC holes (3,000m), 10 cut Lolón vein 2001: Codelco options property, d
Slide 15: Challacollo Historic Silver Production
www.aftermathsilver.com | TSX.V : AAG Challacollo Historic Silver Production* • History of mining since 1772, uninterrupted between 1896 and 1931; • Estimated 900kT of ore produced historically; • 1931 to 1980 main zone of mineralization was mined by artisanal miners; • Commercial production was res
Slide 16: Challacollo Veins
www.aftermathsilver.com | TSX.V : AAG Challacollo Veins Geology • Upper Cretaceous volcanics overlying older sedimentary sequence. • Dacites and rhyolites intruded by Upper Cretaceous granitoids. • Regional dip to the southeast. Veins • Veins dip steeply to west. Multiple veins, over a 3km strike le
Slide 17: Challacollo: Upside – Lolón Vein Long Section
Challacollo: Upside www.aftermathsilver.com | TSX.V : AAG Lolón Vein Long Section Parallel high grade veins & low grade halo to be investigated over 2 km of known Lolón Vein strike Along-strike oxide potential, Position of cross section under sand cover on next slide Approximate base of weathering H
Slide 18: Challacollo: Halo Target
www.aftermathsilver.com | TSX.V : AAG Challacollo: Halo Target Hangingwall halo structures are NOT part of the Lolón Historic Mineral Resource Footwall potential is less well understood. Drilling needs to extend into footwall TSX.V: AAG OTCQB: AAGFF The Right Combination 18
Slide 19: Challacollo: Work Program
www.aftermathsilver.com | TSX.V : AAG Challacollo: Work Program • Commence field work as soon as COVID-19 movement restrictions are lifted and it is safe to do so. • Cutting & assaying of unsampled core intersections through the hangingwall Halo Target (±3,000m of core). • Scoping metallurgical test
Slide 20: Cachinal
Project Summaries www.aftermathsilver.com | TSX.V : AAG Cachinal 1905 2018 TSX.V: AAG OTCQB: AAGFF The Right Combination 20
Slide 21: Cachinal Overview
www.aftermathsilver.com | TSX.V : AAG Cachinal Overview Location 170km from Taltal in Northern Chile. 25km from the Pan American Hwy. The Cachinal project is accessible year round - Elevation 2,700m Deposit Type Low sulphidation silver-gold quartz veins, potential for high-grade silver at depth. Are
Slide 22: Cachinal – Infrastructure
Challacollo: Upside www.aftermathsilver.com | TSX.V : AAG Cachinal – Infrastructure • 2.5 hours drive from Antofagasta • Accessed via B-865 road to Austral Gold’s Guanaco Gold-Silver Mine, then via a 15 km dirt track. • National Grid fed by renewables at Taltal wind farm and Paposa and TalTal Solar
Slide 23: Cachinal Historic Silver Production
www.aftermathsilver.com | TSX.V : AAG Cachinal Historic Silver Production* • Sporadic history of mining in the Cachinal Mining District dating back to the middle 1800s1; • Total Ag production to 1992 estimated at 32-million ounces2; • Production records from 1985-87 indicate 171,000 tonnes mined at
Slide 24: Historical Exploration Work
www.aftermathsilver.com | TSX.V : AAG Historical Exploration Work Aftermath’s exploration will benefit from a large amount of historic exploration data dating back to the 1980s. Sernageomin: 1986-87 • 13 core holes; 1,568.5m to test rock geochemical targets and evaluate the strike extension of the k
Slide 25: Cachinal: Heap Leach Pad
Project Summaries www.aftermathsilver.com | TSX.V : AAG Cachinal: Heap Leach Pad Heap leach pad stacked with crushed material by previous operator TSX.V: AAG OTCQB: AAGFF The Right Combination 25
Slide 26: Cachinal Geology
www.aftermathsilver.com | TSX.V : AAG Cachinal Geology • Located in the Paleocene-Eocene Gold Belt of N. Chile, host to several significant gold and silver deposits; • Cachinal veins located near western margin of a large volcanic caldera feature; • Property geology: bimodal volcanics/domes + volcan
Slide 27: Cachinal: Work Program
www.aftermathsilver.com | TSX.V : AAG Cachinal: Work Program Work program: • 3D laser surveys of historic mine workings. • Reprocessing of historic geophysical survey data. • Permitting of 3,500m RC and diamond core program planned using existing drill sites to minimise disturbance. • Metallurgical
Slide 28: The Next 12 Months
www.aftermathsilver.com | TSX.V : AAG The Next 12 Months • Commence field work as soon as COVID-19 movement restrictions are lifted and it is safe to do so. ⁻ Cutting and assaying of +3,000 m existing core at Challacollo ⁻ 3D surveys of historic workings at Cachinal ⁻ Permitting of drilling at both
Slide 29: Highlights
www.aftermathsilver.com | TSX.V : AAG Highlights • Two significant silver projects in Chile with historic silver resources; • Both projects open along strike and at depth; • Exploration to start upon lifting of COVID-19 travel restrictions; • Aftermath trades on average >400,000 shares per day; • In
Slide 30: Contact Information
CONTACT INFORMATION April 2020 TSX.V: AAG OTCQB: AAGFF Ralph Rushton President, CEO & Director ralphr@aftermathsilver.com Mike Williams Exec. Chairman & Director mw@octaviancapital.com Phone : +1 604 484 7855 http://aftermathsilver.com/
Slide 31: Challacollo Deal Terms
www.aftermathsilver.com | TSX.V : AAG Challacollo Deal Terms Amended Challacollo LOI, AAG to acquire 100%: • $500,000 cash to be paid on or before July 31st, 2019 (Paid) • $500,000 cash to be paid on or before December 31st, 2019 (Paid) • $1,000,000 cash to be paid on or before December 31st, 2020;
Slide 32: Cachinal Deal Terms
www.aftermathsilver.com | TSX.V : AAG Cachinal Deal Terms • AAG is purchasing 80% of the issued shares of Cachinal from Halo Labs (formerly Apogee) which owns a 100% interest in the property for $1,575,000; • AAG issued a $1.575m convertible debenture to Halo Labs , convertible @ $0.20, with staged
Slide 33: Challacollo Geology
www.aftermathsilver.com | TSX.V : AAG Challacollo Geology TSX.V: AAG OTCQB: AAGFF The Right Combination 33