Kuya Silver Corporation · CSE:KUYA
Kuya Silver — Investor Presentation (April 2024)
28 slides from Kuya Silver's investor presentation, April 2024
Slide 1: Corporate Presentation April 2024
Developing district-scale silver projects to production CORPORATE PRESENTATION APRIL 2024 CSE: KUYA | OTCQB: KUYAF | FRA: 6MR1
Slide 2: Important Notices
IMPORTANT NOTICES This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities of Company, its directors, officers, or employees, including but not limited to securities class action applicable to domestic United States reporting companies. Accordingly,
Slide 3: Kuya Portfolio: 2 District-Scale Silver Projects
KUYA PORTFOLIO: 2 DISTRICT-SCALE SILVER PROJECTS Silver Kings Project, Northern Ontario, Canada ~16,000 Ha located in Ontario’s most prolific silver Property: mining camp, near the historic mining town of Cobalt, Ontario EXPLORATION Primary Target: Campbell-Crawford property, Kerr Project area Silve
Slide 4: Kuya Silver: The Dual Track Value Creation
KUYA SILVER: THE DUAL TRACK VALUE CREATION Expand Hilltop Carmelitas 2nd District target Regional Bethania Zone (Bethania drilling at Carmelitas Exploration • 2022 resource estimate (Main Zone) extension) • New vein discoveries (post resource) • 4300+ ha district land package • Second artisanal mine
Slide 5: Silver – The Most Essential Metal
SILVER – THE MOST ESSENTIAL METAL STORE OF VALUE LOW-CARBON FUTURE HIGH TECH GROWTH • 11% of all silver demand goes to making • The smaller our electronics become the • Similar fundamentals as a store of value solar panels – still growing more silver we need and high correlation to gold • EV cars us
Slide 6: Bethania: Excellent Access and Rich History
BETHANIA: EXCELLENT ACCESS AND RICH HISTORY • Located in major silver-lead-zinc mining district in Central Peru • Access mine by road from Huancayo (major city) • Daily flights from Lima to Jauja Airport (servicing Huancayo city) • Mine located near (abandoned) mining village of Bethania • The Betha
Slide 7: Bethania: District-Scale Potential
BETHANIA: DISTRICT-SCALE POTENTIAL 4,300 Hectare Land Bethania Mine Package Multiple targets Carmelitas CSE: KUYA | OTCQB: KUYAF | FRA: 6MR1 7
Slide 8: 2022 Resource Estimate Model
2022 RESOURCE ESTIMATE MODEL 50% Resource Estimate A combination of: 50% - 2021 (phase 1) 5,000-metre diamond drilling - underground rock chip samples 1500m+ of prospective targets within over 25+ mineralized veins CSE: KUYA | OTCQB: KUYAF | FRA: 6MR1 8
Slide 9: Resource Overview
RESOURCE OVERVIEW Española vein Bethania Near Surface Maiden Resource • Resource Drilling Focused On Shallow Mineralization Proximal to Bethania Mine Workings • 63% of Indicated Silver Equivalent Resource Estimate Located Above Historical Production Adit (4670 Level) 12 de Mayo vein • The resource e
Slide 10: Bethania: Toll Milling
BETHANIA: TOLL MILLING DEVELOPMENT PRODUCTION ECONOMICS In Q4 Kuya completed a toll Toll Milling to begin at 100 All-in-sustainable cost milling agreement with CMSV tpd and ramp up to 350 tpd $9.85/oz equivalent in PEA + 1st tranche strategic over 12 months (first 18 months) investment investment fr
Slide 11: Bethania: Development Plan
BETHANIA: DEVELOPMENT PLAN PEA (Updated Oct. 2023) Revised Plan 452,000 oz (554,000 ozEq) in first 6 Initial silver production Slower ramp up, similar initial months (not equivalent) (toll milling/ramp up) production over 14-15 months Steady-state production 1.2 – 1.4 MMozEq/year over first 5 Simila
Slide 12: Low-Risk Exploration
LOW-RISK EXPLORATION Bethania Mine Long Section 20+ sub-parallel veins Bethania Main Zone Hilltop Zone N Carmen Au-Ag vein, up to 6 g/t gold at surface discovered 2022 (not Daniela Vein Santa Elena Vein Sample in resource) Mercedes Vein vein Mercedes 91.1 oz/t Ag, 5.20 g/t Au Española 2: Historic (1
Slide 13: Significant Growth Potential
SIGNIFICANT GROWTH POTENTIAL BETHANIA MINE AREA High-grade veins discovered near surface. Santa Elena Vein: ~500m from furthest underground development. Up to 3675 g/t AgEq. Near-Mine Vein Clusters: Newly identified branch mineralization around Española and 12 de Mayo Veins not in current resource e
Slide 14: The Silver Kings Project
THE SILVER KINGS PROJECT Silver Kings, Ontario • The ~14,000+ hectare land package in NE Ontario is located within the historic Cobalt, Ontario silver mining district – Approximately 1/6 of total silver production from the Cobalt and Silver Centre mining camps was produced from this consolidated pro
Slide 15: The Kerr Project at Silver Kings
THE KERR PROJECT AT SILVER KINGS The Kerr Project at Silver Kings • Property Includes eight historic silver mines (Crown Reserve, Silver Leaf, Kerr Lake, Drummond, Hargrave, Silverfields and others.) on a contiguous 900+ hectare area. – Mines produced over 60 million ounces of silver between 1905 to
Slide 16: Campbell-Crawford Area
CAMPBELL-CRAWFORD AREA The Campbell-Crawford area is less than 1 km from five major mines, with total historic production of 48.2 million ounces of silver. Although cobalt-bearing veins were known on surface and in shallow exploratory workings, the lower diabase contact, where veins generally cluste
Slide 17: Angus Vein Discovery
ANGUS VEIN DISCOVERY Phase 1 drilling at Campbell- Crawford intersected Bonanza grade mineralization 15,372 g/t silver over 3.34 m (hole 23-SK-08) 2,424 g/t silver over 2.49 m (hole 23- • SK-13) Phase 2 drilling highlights include: 2,180 g/t silver over 0.40 m (hole 23- SK-26) 12,200 g/t silver over
Slide 18: Phase 2 Drilling: Campbell-Crawford & Airgiod
PHASE 2 DRILLING: CAMPBELL-CRAWFORD & AIRGIOD A NEW Blind Discovery at the Airgiod Target Area Moran Vein discovery made at the Airgiod target area, 250 m northwest of original Angus Vein intersection Drill hole Intersected 249 g/t Silver, 1.64% Cobalt (863 g/t AgEq*) over 0.40 m. This is the first
Slide 19: Silver Kings Exploration Target Pipeline
SILVER KINGS EXPLORATION TARGET PIPELINE Potentially economic mineralization (grade/width), room for Advanced target expansion Intermediate target Mineralized area, potential for expansion Conceptual and/or historical target Early-stage target area, potentially mineralized, but little to no recent (
Slide 20: 2 Projects Perfectly Situated Along the Lassonde Curve
2 PROJECTS PERFECTLY SITUATED ALONG THE LASSONDE CURVE Risks Fluctuating commodity prices Funding risk Technical Risk High Exploration Risk Value Discovery There is a tipping point in This is most likely the time when exploration when drilling amounts people outside of the mining industry to a real
Slide 21: Kuya Investment Highlights
KUYA INVESTMENT HIGHLIGHTS CORPORATE ADVANTAGE EXPLORATION ADVANTAGE PRODUCTION ADVANTAGE • Near-term silver producer with a valuation • Limited but very successful exploration to • Bethania mine is fully permitted with of an exploration company date = huge exploration opportunity community agreemen
Slide 22: Share Structure
Shares Outstanding 93,360,399 SHARE STRUCTURE Market Capitalization (March 18th, 2024) ~$41.1 Million Warrants 34,069,074 Options and RSUs 4,597,300 Fully Diluted 132,026,773 73.6% Significant Shareholders Management 12.1% 12.1% Kuya Advisory Team (see slide 26) 6.6% 6.6% Crescat Capital 7.7% Other
Slide 23: Management & Directors
MANAGEMENT & DIRECTORS David Stein, MSc (Geo), CFA Mr. Stein founded Kuya Silver in 2017 to acquire the Bethania Silver Mine and develop the next silver mining company. Mr. Stein has spent most of his 20-year President and CEO, Director career in mining investments, first as a sell-side analyst and
Slide 24: Email our team at info@kuyasilver.com for more information
@KuyaSilver KuyaSilverCorp Follow Kuya Silver Kuya-Silver Email our team at info@kuyasilver.com for more information www.kuyasilver.com
Slide 25: Bethania Mine Plan
BETHANIA MINE PLAN Note: See the Amended and Restated Bethania PEA (October 2023) Report for further details. CSE: KUYA | OTCQB: KUYAF | FRA: 6MR1 25
Slide 26: Bethania PEA: Highlights
BETHANIA PEA: HIGHLIGHTS Value: • Base case ($25.40/oz silver price) Pre-Tax NPV (5%) of $77.8 Million and IRR of 227% • Base case ($25.40/oz silver price) After-Tax NPV (5%) of $54.7 Million and IRR of 188% • After-tax cash flow of $18.04 Million in first full year of production (base case) • Life
Slide 27: Advisory Team
ADVISORY TEAM Dr. Quinton Hennigh Erika Soria Hector Aramayo Geologic Advisor (Exploration Strategy) Advisor (Logistics/Business Development) Technical Advisor (Construction/Engineering) Dr. Hennigh is an economic geologist with more Ms. Soria is the former owner of the Bethania Mr. Aramayo, based i
Slide 28: Appendix: Bethania PEA Key Parameters
APPENDIX Bethania PEA Key Parameters 1. The Bethania PEA envisages a 350-tonne-per-day (“tpd”) conventional cut and fill underground mine feeding a concentration plant that would process mineralized material at the same rate (126,000 tonnes per year) over a mine life of 6.5 years. The Bethania PEA r