Investigator Silver Limited · ASX:IVR

Investigator Silver — Investigator Resources — Shareholder Meeting (November 2022)

18 slides from Investigator Silver's shareholder meeting presentation, Nov 30, 2022

  1. Slide 1: Thinking Silver? Think Investigator.

    For personal use only Thinking Silver? Think Investigator. Advancing Australia’s highest grade Silver project. Investigator AGM – 30 November 2022 - MD’s Update 15 March 2022 ASX:IVR ASX:IVR Investigator AGM – 30 November 2022 – MD’s Update 1

  2. Slide 2: Disclaimer

    Disclaimer For personal use only The information in this presentation is published to inform you about Investigator Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that

  3. Slide 3: What do you need to know about Investigator?

    What do you need to know about Investigator? • For personal use only South Australia focus - 8,500km2 • Paris Silver Project: • Australia’s highest grade Ag project • 53Moz Ag + 98kt Pb - JORC (2012) Resource#1 • PFS completed, DFS – in progress • Resource extension drilling – commencing this week •

  4. Slide 4: What do you need to know about Investigator?....cont

    What do you need to know about Investigator?....cont For personal use only Capital - as at 30 Sept 2022 Shares – ordinary 1,334M Performance Rights 5M Options (9.7c, exp Dec 2024) 2M Share Price* (20 Nov 2022) 5c Market Cap* (20 Nov 2022) $66M Cash $4.3M Share Register - as at 30 Sept 2022 Jupiter A

  5. Slide 5: Silver - Growing use

    Silver - Growing use…… For personal use only A few facts about silver use…..both an industrial and precious metal* • It is the most conductive metal • Circuit boards, semiconductors • 23Moz in 5G networks • Antibacterial, antiviral and antifungal uses • Each solar panel contains ~1oz Ag • Each elect

  6. Slide 6: Silver - Diminishing supply

    Silver - Diminishing supply…………. For personal use only Global Silver Production….* • ~900Moz produced annually • ~75% of production as by-product – Pb, Zn & Au • Largest producers – China, Australia, Russia, Peru, Mexico, and Chile • 2021 primary silver mine output fell by 12% to 210M oz • Any reduc

  7. Slide 7: The Paris Silver Project: 100% IVR

    The Paris Silver Project: 100% IVR Paris…..the highest-grade undeveloped silver project in Australia. For personal use only Pre-feasibility study#3: • 8.6Mt @ 128 g/t Ag, producing 26.7Moz • Pre-Tax NPV8: A$202M to A$245M • IRR: 47.9% to 54.1% • Capex: A$131M • Payback: ~2.3 to 2.8 years#4 • Project

  8. Slide 8: The Paris Silver Project: Details

    The Paris Silver Project: Details…. Plant: For personal use only • 3-stage crushing, grind & cyanide leach • Merrill Crowe recovery, dore poured on-site • Dry stacked tailings disposal • Hybrid solar/diesel power generation • Lead recovery - focus in DFS Mine: • Simple 4 staged open pit, max depth o

  9. Slide 9: What's happening at Paris? The Next Steps - DFS

    What’s happening at Paris? The Next Steps……..DFS • Southern resource extension For personal use only • TO’s cleared restrictions for drilling • Adjacent drilling (2020) incl.: • 19m @ 227g/t Ag from 96m#5 • 16m @ 116g/t Ag from 120m#6 • 3,300m drilling starting this week • Metallurgical optimisation

  10. Slide 10: Exploration prospects within 5km of Paris

    Exploration prospects within 5km of Paris For personal use only • Success in early 2022 RC drilling: • @ Apollo: • 8m @ 1,262g/t silver from 149m; incl. • 3m @ 3,167g/t Ag#7 • Highest Ag grade outside Paris • Mineralisation identical to Paris • @ Ares: • 39m @ 1.26% Zinc from 21m; incl. • 12m @ 2.66

  11. Slide 11: Apollo Rare Earths Discovery

    Apollo Rare Earths Discovery For personal use only • 2022 drilling focused on silver and base metals • Simple geological model • Identified REE enriched zone at base of saprolite zone • Significant TREO and MREO intersections at Apollo #8 : • 15m @ 3,221ppm TREO and 1,099ppm MREO from 66m; incl • 9m

  12. Slide 12: Uno Morgans tenements - 80km east of Paris

    Uno Morgans tenements - 80km east of Paris For personal use only • Bounded by Uno Fault and GRV to north • Similar structural/geologic setting to Paris • Gold, Silver & Base metal potential • 3,300m RC drilling completed early 2022 • 24 of 27 holes intersected mineralisation#9 • 12m @ 240g/t silver

  13. Slide 13: Other Tenements – South Australia

    Other Tenements – South Australia Curnamona – close to NSW Border For personal use only • Cu, Au and Ag potential • Soil sampling & mapping completed – assays awaited • Drone aeromagnetics program in December • NTMA with TO’s signed Stuart Shelf – Olympic Domain • DGO Gold (now Gold Road ASX:GRO) ea

  14. Slide 14: Molyhil Tungsten Project - NT

    Molyhil Tungsten Project - NT For personal use only • 3 stage Earn-In to Joint Venture with Thor Mining (ASX:THR) • Stage 1 spend of $1M over 18 months earns 25% Molyhil & 40% Bonya#10 • Option to continue - Stage 2, $2M, 3 years = 51%, Stage 3, $5m, 3 years = 80% • Existing JORC compliant resource#

  15. Slide 15: What do you get at Investigator?

    What do you get at Investigator? For personal use only • Silver exposure – Paris is the highest-grade undeveloped Ag project in Australia • Robust project PFS financials, opportunities to enhance, DFS complete 2023 • Stable jurisdiction, straightforward pathway to approval • Regional exploration tar

  16. Slide 16: Thank you

    For personal use only Thank you Andrew McIlwain, Managing Director 47 King Street, Norwood SA 5067 +61 (0) 8 7325 2222 Thinking Silver? Think Investigator.… amcilwain@investres.com.au Investigator AGM – 30 November 2022 – MD’s Update www.investres.com.au 16

  17. Slide 17: Appendix – Paris Mineral Resource Estimate

    Appendix 1 – Paris Mineral Resource Estimate #10 For personal use only Category Mt Ag ppm Pb % Ag Mozs Pb Kt Indicated 12.7 95 0.60 38.8 76.1 Inferred 6.1 72 0.35 14.2 21.4 Total 18.8 88 0.52 53.1 97.6 Table 1: 2021 Paris Silver Project Mineral Resource estimate (30g/t silver cut-off grade). (Note:

  18. Slide 18: Appendix – Molyhil Earn-In to Joint Venture Agreement Terms

    Appendix 2 – Molyhil Earn-In to Joint Venture Agreement Terms For personal use only General Terms • 3 stage Earn-In to Joint Venture with Thor Mining (ASX:THR) • Stage 1: • Payment to Thor of $100,000 on execution of Heads of Agreement documentation • Expenditure of $1M over 18 months (includes $100

Investigator Resources — Shareholder Meeting (November 2022) on 6ix