Capitan Silver Corp · TSXV:CAPT
Capitan Silver — Investor Presentation (January 2025)
20 slides from Capitan Silver's investor presentation, January 2025
Slide 1: Corporate Presentation January 2025
CORPORATE PRESENTATION J A N U A R Y 2 0 2 5 TSX-V: CAPT
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements This document contains forward-looking statements and factual information that are current as of the date the document was originally created for Capitan Silver Corp. (“the Company”) disclaims any intention or obligation to update or revise any forward-looking s
Slide 3: Investment Opportunity
C A P I TA N S I LV E R C O R P. New Silver Exploration Company INVESTMENT • The original mines and property which launched Penoles Mining Company in the late 1890’s (Past producing high grade silver district) OPPORTUNITY • First time since the Mexican Revolution that this property has been consolid
Slide 4: A Disciplined Approach
C A P I TA N S I LV E R C O R P. A DISCIPLINED APPROACH No Free Tight Share No Warrants Royalty Shares Structure Outstanding Free • Most shares issued at $0.20 • CAPT has one of the tighest • No warrant overhang on • CAPT management has share structures amongs its CAPT shares contracted to remove al
Slide 5: Share Structure
J A N U A R Y 2 0 2 5 Shared Issued Options SHARE 84.1M 6.2M STRUCTURE Fully Diluted Market Cap 90.3M $26.1M Shares Tightly Held Insiders & Management +68% +22% TSX-V: CAPT 7
Slide 6: A Team That Delivers
L E A D E R S H I P B OA R D O F D IR ECTO R S MANAGEMENT 2019 2004 A TEAM Alberto Orozco CEO President Sonora Mining Cluster Alberto Orozco CEO ARGONAUT GOLD PEDIMENT GOLD LINEAR GOLD THAT Rob Scott GREAT BEAR RIVERSIDE Previously with Argonaut Gold, CFO RESOURCES RESOURCES Pediment Gold, Linear Go
Slide 7: Cruz de Plata
Los Gatos Cordero Cruz de Plata SI Parral Project S I LV E R - G O L D P R O J E C T LV CRUZ DE PLATA ER BE LT Platosa Guanaceví TORREÓN Pitarrilla Ojuela Located in friendly mining State of Durango Tahuehueto Topia Rodeo Velardeña El Castillo Peñasquito At the heart of Mexico’s silver belt; Cienega
Slide 8: A Historically-Producing, High-Grade Silver Asset
C R U Z D E P L ATA A HISTORICALLY- PRODUCING, HIGH-GRADE SILVER ASSET The Cruz de Plata district is the birthplace of the Peñoles Mining company. Its first mines, Jesús María and San Rafael, commenced production in late 1800’s Underground production (1887-1908) • Jesus María mine Produced grades fr
Slide 9: Geology
C R U Z D E P L ATA GEOLOGY Robust Mineralized System Different Styles Of Mineralization NORTH • Polymetallic (Ag-Au-Pb-Zn) replacement veins (Jesus María / El JM North Refugio) Capitan Hill Jesus María Chip sample: 0.6m Vein • Ag-Au epithermal veins (San Rafael / Gully Fault) OxideGold Deposit @414
Slide 10: High-Grade Silver
C R U Z D E P L ATA HIGH-GRADE SILVER Highlights Drill holes Includes: JM_DDH_13_06: JM_DDH_14_24: 13.7m of 381.06 g/t AgEq 42.0m of 244.72 g/t AgEq INCL. 0.9m of 3,567 g/t AgEq INCL. 7.15m of 1,024.8 g/t AgEq 21-JMRC-10: JM_DDH_13_07: 16.8m @ 309.82 g/t AgEq 6.0m of 368.3 g/t AgEq INCL. 1.5m @ 2,25
Slide 11: Jesus Maria Vein
C R U Z D E P L ATA JESUS MARIA VEIN Jesus María Vein Scale Potential 1. Expanded on strike length from 800 to 1,300m with new property 2. Expanded down-dip 3. Open on strike and at depth 4. Vein thickness consistent. As wide as 21m (TW) 5. New drill holes expanded favorable zones at depth 6. Only a
Slide 12: Comparison to Vizsla Silver
C R U Z D E P L ATA COMPARISON TO VIZSLA SILVER Jesús María Vein Longitudinal section Longitudinal section of the Napoleon vein as reported on Vizsla Silver press release dated October 06, 2020 (AgEq Grade) X (Est. True Width) 100 250 500 1,000 1,500 2,000 +5,000 Refer to previously published drill
Slide 13: Greater Scale Potential
C R U Z D E P L ATA GREATER SCALE POTENTIAL WSW ENE Jesús María Vein Santa Teresa Vein No drilling OPEN Fa ul t - lly n e OPEN G u Zo OPEN OPEN OPEN OPEN OPEN OPEN A’ OPEN OPEN A New property New property Cruz de Plata Project • Silver system has great scale potential • 2.8 km silver-mineralization
Slide 14: Gully Fault Zone
Cruz de Plata Project Jesus María West Vein & Gully Fault Zone silver targets C R U Z D E P L ATA GULLY N FAULT ZONE c Gully-Fault, Silver-Gold Mineralization a d b ry nd a bou 1. A potentially younger, cross-cutting structure to Jesus Maria ert y 2. Higher in Ag-Au relative to Pb-Zn (low base metal
Slide 15: Case Study: MAG Silver
C R U Z D E P L ATA CASE STUDY: MAG SILVER Similarities to MAG Silver’s Venadas and Venadas West zones: 1. Capitan Silver’s Cruz de Plata and Mag Silver’s Juanicipio are both intermediate sulfidation systems that have strong vertical continuity. 2. At an angle or cross-cutting relative to polymetall
Slide 16: Revised Interpretation
C R U Z D E P L ATA REVISED INTERPRETATION • Capitan has revised its interpretation of mineralized structures at Cruz de Plata based on surface and drill data available to date • Significant scale has been identified in several structures which are prospective for future silver and gold discoveries
Slide 17: Valuation
VALUATION Company Location Stage S/O (M) S/O FD (M) Market Cap (C$M) Enterprise Value (C$M) Aftermath Silver Ltd. Chile Resource 287.7 347.9 $150 $147 Defiance Silver Corp. Mexico Resource 274.2 301.3 $58 $55 GR Silver Mining Ltd. Mexico Resource 332.4 434.7 $65 $63 Kootenay Silver Inc.** Mexico / C
Slide 18: Capitan Hill Oxide, Gold Deposit
C R U Z D E P L ATA CAPITAN HILL OXIDE, GOLD DEPOSIT 2020-2021 Significant Resource Expansion Potential Drilling by previous operators 2011-2014 (6,717m) Metres Added 12,209m of RC drilling in 2020-2021 (Increased total drilling at Drilled Capitan by 280%) Mineralized Main zone nearly doubled on str
Slide 19: Capitan Hill Oxide, Gold Deposit
C R U Z D E P L ATA CAPITAN HILL OXIDE, GOLD DEPOSIT SW 195.1 m @ 0.34 g/t Aueq Incl. 38.1m @ 0.63 g/t Aueq NE incl.10.7m @ 0.95 g/t Aueq 7.15m of 988 g/t Ag and SECTION 50 1.24 g/t Au Within a wider Cruz de Plata Project - interval of 70.8m of 147.8 g/t 2100 RL Ag, 0.37 g/t Au 2021 Drill Program Je
Slide 20: Contact Us
CONTACT US info@capitansilver.com www.capitansilver.com
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