Kuya Silver Corporation · CSE:KUYA
Kuya Silver — Investor Presentation (January 2024)
28 slides from Kuya Silver's investor presentation, January 2024
Slide 1: Corporate Presentation January 2024
Developing district-scale silver projects to production CORPORATE PRESENTATION JANUARY 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 Kuya spot or forward price of silver or certain other commodities (such as fuel and electricity); (j) employee relations; The scientific and technical content of this prese
Slide 3: Kuya Portfolio: 2 District-Scale Silver Projects
KUYA PORTFOLIO: 2 DISTRICT-SCALE SILVER PROJECTS Bethania Silver Project, Central Peru Silver Kings Project, Northern Ontario, Canada ~4,500 Ha Located in major silver-lead-zinc mining district in ~16,000 Ha located in Ontario’s most prolific silver mining Property: Property: Central Peru camp, near
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) • 4500+ ha district land package • Second artisanal mine
Slide 5: 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 6: Bethania: District-Scale Potential
BETHANIA: DISTRICT-SCALE POTENTIAL 4500+ Hectare Land Bethania Mine Package Multiple targets Carmelitas 6
Slide 7: 2022 Resource Estimate Model
50% 2022 RESOURCE ESTIMATE MODEL 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 7
Slide 8: 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 9: Bethania: Near-Term Production
BETHANIA: NEAR-TERM PRODUCTION TOLL MILLING In October 2023, Kuya signed a toll milling agreement with Compañía Minera San Valentin ("CMSV"), to process run-of-mine ("ROM") material at their plant – Plant is located 20km by road from Bethania – Same plant processed material from Bethania between 201
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 $9.85/oz milling agreement with CMSV + tpd and ramp up to 350 tpd equivalent in PEA (first 18 1st tranche strategic investment over 12 months months) 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 (not Slower ramp up, similar initial months equivalent) (toll milling/ramp up) production over 14-15 months Steady-state production 1.2 – 1.4 MMozEq/year over first 5 years
Slide 12: Low-Risk Exploration
LOW-RISK EXPLORATION Bethania Mine Long Section 20+ sub-parallel veins Bethania Main Zone Hilltop Zone N Daniela Vein Santa Elena Vein Sample Mercedes Vein Mercedes vein 91.1 oz/t Ag, 5.20 g/t Au Española 2: Historic (110.7 oz/t Ag eq.) Workings (no resource) (surface showing) max 230 m Samantha/24
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 Vein not in current resource estimate. Carmen
Slide 14: The Silver Kings Project
THE SILVER KINGS PROJECT Silver Kings, Ontario • The 18,000+ 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 prop
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 clust
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 will test the lateral extent of this discovery vein, with a target zone over 175 m in l
Slide 18: Phase 2 Drilling: Campbell-Crawford & Arigiod
PHASE 2 DRILLING: CAMPBELL-CRAWFORD & ARIGIOD 18
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 exploration This is most likely the time when people when drilling amounts to a real outside of the mining industry
Slide 21: Kuya Investment Highlights
KUYA INVESTMENT HIGHLIGHTS CORPORATE ADVANTAGE EXPLORATION ADVANTAGE PRODUCTION ADVANTAGE • Near-term silver producer with a valuation of • Limited but very successful exploration to • Bethania mine and new plant project is fully an exploration company date = huge exploration opportunity permitted w
Slide 22: Share Structure
Shares Outstanding 93,360,399 SHARE STRUCTURE Market Capitalization (Jan 17th, 2024) $22.4 Million Warrants 34,069,074 Options and RSUs 3,034,800 Fully Diluted 73.6% Significant Shareholders Management 12.1% 12.1% Kuya Advisory Team (see slide 23) 6.6% Crescat Capital 7.7% 6.6% Other Large Sharehold
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 career in President and CEO, Director mining investments, first as a sell-side analyst and
Slide 24: 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 than Ms. Soria is the former owner of the Bethania Mine Mr. Aramay
Slide 25: 150 King Street West Suite 200 Toronto, Ontario, Canada
150 King Street West Suite 200 Toronto, Ontario, Canada M5H 3T9 @KuyaSilver KuyaSilverCorp Follow Kuya Silver Kuya-Silver www.kuyasilver.com
Slide 26: Bethania Mine Plan
BETHANIA MINE PLAN 442600-E 443100-E 443600-E LEGEND AREA 1: Santa Elena Concession AREA 2: Process Plant Existing roads AREA 1 BETHANIA MINE 8603000-N 8603000-N C 1 D 2 3 C 4 5 B 6 7 A 1 2 8 D 3 4 5 C 6 B 7 A 8 B 1 2 3 4 5 6 7 8 A A B C B D C D E E 1 2 3 4 5 6 7 8 1 2 2 1 1 2 C 3 1 4 5 B 6 2 3 A' C
Slide 27: 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 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, with production co