Silver Mines Limited · ASX:SVL
Silver Mines — Investor Presentation (March 2025)
28 slides from Silver Mines's investor presentation, Mar 31, 2025
Slide 1: Investor Presentation – European Marketing
For personal use only INVESTOR PRESENTATION European Marketing Jo Battershill – Managing Director Date – March 2025
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER You are advised to read the following carefully before making any use of the information contained in this presentation. This presentation is dated 31 March 2025 (“Presentation”) and has been prepared by Silver Mines Limited (ACN 107 452 942) (ASX ticker SVL) (“Silve
Slide 3: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER JORC Code It is a requirement of the ASX Listing Rules that the reporting of Ore Reserves and Mineral Resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Investors
Slide 4: Optimisation Study Highlights
BOWDENS SILVER PROJECT OPTIMISATION STUDY HIGHLIGHTS1 For personal use only Significant Reserves Long Life Operation Ore Reserves of 32.8Mt4 LOM ~72Moz Silver 16½ year mine life (28.1Mt in Optimisation) Pre-Production Capital Costs NPV and Payback Period Conventional mining A$331m (US$205m) NPV5 A$3
Slide 5: Corporate Information
SILVER MINES LIMITED CORPORATE INFORMATION For personal use only Directors Capital Structure (ASX: SVL) AUD USD Keith Perrett Non-Executive Chairman Shares on Issue (m) 1,780 1,780 Jonathan Battershill Managing Director Share Price ($) 28 Mar 2025 0.11 Kristen Podagiel Non-Executive Director Undilut
Slide 6: Environmental, Social and Governance
SILVER MINES LIMITED ENVIRONMENTAL, SOCIAL AND GOVERNANCE For personal use only Strong commitments to ESG Silver Mines Limited now through collection of detailed Digbee ESG Certified baseline environmental and social information Governance policies ensure compliance with ASX Digbee ESG is the indust
Slide 7: Silver Mines Limited
For personal use only SILVER MINES LIMITED BOWDENS SILVER PROJECT
Slide 8: Introduction: Bowdens Silver Project Asset Location
BOWDENS SILVER PROJECT INTRODUCTION For personal use only Bowdens Silver Project Asset Location Bowdens Silver Project located in central New South Wales, Australia Project 100% owned, acquired by SVL in 2016 Bowdens is a low to intermediate sulphidation, epithermal deposit Discovered by CRAE in 198
Slide 9: Overview
BOWDENS SILVER PROJECT OVERVIEW For personal use only Highlights Timeline of major milestones Sept 2017 Jun 2018 Mar 2023 Aug 2024 The largest silver development project in Australia MRE update Feasibility Study MRE update Court of Appeal (163Moz Ag) completed (189Moz Ag) suspends the NSW 100% owned
Slide 10: Open Pit Mining
BOWDENS SILVER PROJECT OPEN PIT MINING For personal use only Open Pit Design Open Pit Mining Parameters1 Conventional open pit - primary fleet of 1 excavator (200t) and 7 trucks (100t) Five stage pit – 72.5% of tonnes in Stages I – IV. Stage V to commence in Yr-9 Primary mining activities are planne
Slide 11: Conventional Processing
BOWDENS SILVER PROJECT CONVENTIONAL PROCESSING For personal use only Processing Parameters1 Cyanide eliminated from the processing flow sheet Processing scheduled at 2.0Mtpa via a conventional flow sheet Single stage primary jaw crushing, two stage SAG and ball mill with pebble crusher Rougher and s
Slide 12: Site Disturbance Minimised
BOWDENS SILVER PROJECT SITE DISTURBANCE MINIMISED For personal use only Site design optimised1 Overall changes lead to significant reduction to the overall disturbance footprint Open pit mine design The height of the Tailings Storage Facility now smaller with lower Waste Rock Dump design has changed
Slide 13: Cost Summary
BOWDENS SILVER PROJECT COST SUMMARY1 For personal use only Pre-Production Capex Summary AISC Summary Cost Centre A$/t Ore A$/oz 350 Opex 37 Mining & Rehab 18.73 10.45 Site Infrastructure 300 6 29 Processing 20.78 11.60 Indirects 250 G&A 5.65 3.15 44 Pre-Production Mobile Plant Realisation2 6.15 3.43
Slide 14: Production Schedule
BOWDENS SILVER PROJECT PRODUCTION SCHEDULE1 For personal use only 7.0 Years 1 to 10 - Average 4.2Moz Ag at 83 g/t Ag 120 6.0 100 (Ag Moz , Zn/Pb Moz AgEq) Average 2.7Moz Ag at 53 g/t Ag Processed Grade (Ag g/t) 5.0 Metal in Concentrate 80 4.0 60 3.0 40 2.0 20 1.0 0.0 0 1 2 3 4 5 6 7 8 9 10 11 12 13
Slide 15: Project Optionality
BOWDENS SILVER PROJECT PROJECT OPTIONALITY For personal use only ► Mineralised system ► Potential plant modifications ► Opportunity to expand the ► Assays from bulk samples remains open beneath ✓ Plant expansion to lift throughput pit at higher silver prices4 highlight potential open pit design in Y
Slide 16: Exploration: Strike and Depth Extensions
BOWDENS SILVER EXPLORATION STRIKE AND DEPTH EXTENSIONS For personal use only Silver Equivalent references in this report are based on prices of US$27.50/oz Ag, US$2,950/t Zn, US$2,350/t Pb and US$2,200/oz Au with metallurgical recoveries of 86.2% Ag, 92.2% Zn, 84.7% Pb and 80% Au estimated from test
Slide 17: Key Conclusions
BOWDENS SILVER PROJECT KEY CONCLUSIONS For personal use only ► Largest silver ► Optimisation Study ► AISC of <A$23/oz ► Considerable development project completed in Dec-242 (~US$15/oz) over the exploration potential in Australia first 10 years ► 16½ year mine life at ► Large mineralised ► M&I Resou
Slide 18: Regional Exploration: A Major Mineralised System
For personal use only REGIONAL EXPLORATION A MAJOR MINERALISED SYSTEM
Slide 19: Regional Geology
BOWDENS SILVER PROJECT REGIONAL GEOLOGY For personal use only Extensive tenement holding (2,115 km2 = 521,000 acres) 100% controlled by Silver Mines Wide range of prospective deposit types Eastern limb of the Macquarie Arc Mid-to late Carboniferous Rylstone Volcanics (325 – 315 Ma) Overlain by the P
Slide 20: Tuena Gold Project
SILVER MINES LIMITED TUENA GOLD PROJECT For personal use only Location Limited modern drilling South of Blayney, NSW Best hit 4m @ 6.9g/t Historic goldmine Previously unrecorded historic minimal work in modern era workings identified Geological analogies Airborne magnetics to McPhillamys Gold Projec
Slide 21: Silver: Metal of Innovation
For personal use only SILVER METAL OF INNOVATION
Slide 22: Silver: Why Silver?
SILVER WHY SILVER? For personal use only Industrial ► Monetary value and Financial store of wealth ► Highest electrical and themal conductivity of all metals Electrical Photovoltaics ► The best reflector of (21% of demand*) (19% of demand) visible light A safe haven in times Portfolio Hedge against
Slide 23: Silver: Solar Leading the Charge
SILVER SOLAR LEADING THE CHARGE For personal use only PV sector consumed 19% of total supply in 2023 ► 3 million solar panels are The global solar required to generate 1GW industry is now of energy valued at over 200 ► Solar capacity in China is 180 100 now greater than the rest $350bn pa and is 160
Slide 24: Key Statistics / Supply & Demand
SILVER Recyling 18% Mine production 82% KEY STATISTICS / SUPPLY & DEMAND Silver supply For personal use only ~1,220M annual consumption ► Industrial applications: electronics | solar | medicine | water purification | window manufacturing Deficit Cumulative deficit of 1,010 543Moz 2021 – 2023 ~830M a
Slide 25: For personal use only
For personal use only Registered Office: P: +61 2 8316 3997 Level 28, 88 Phillip Street Sydney NSW 2000 F: +61 2 8316 3999 Postal Address E: info@silvermines.com.au GPO Box 255 Sydney NSW 2000 W: www.silvermines.com.au Australian Company Number 107 452 942
Slide 26: Appendix
For personal use only APPENDIX
Slide 27: Appendix 1: Bowdens Silver Mineral Resources
APPENDIX 1: BOWDENS SILVER MINERAL RESOURCES (AS AT DECEMBER 2024) For personal use only Tonnes Silver Eq. Silver Zinc Lead Gold Silver Silver Eq. 30 g/t Ag Eq Cut (Mt) (g/t) (g/t) (%) (%) (g/t) (Moz) (Moz) Measured 100 65 42 0.37 0.27 0.03 135 207 Indicated 43 52 21 0.41 0.28 0.11 30 71 Measured &
Slide 28: Appendix 2: Bowdens Silver Ore Reserve
APPENDIX 2: BOWDENS SILVER ORE RESERVE (AS AT DECEMBER 2024) For personal use only Tonnes Silver Zinc Lead Silver Zinc Lead (Mt) (g/t) (%) (% ) (Moz) (kt) (kt) Proved 31.5 68.7 0.38 0.30 69.6 120.8 93.5 Probable 1.3 50.6 0.19 0.16 2.1 2.5 2.0 Total 32.8 68.0 0.38 0.29 71.7 123.3 95.6 Notes: The Bowd