Unico Silver Limited · ASX:USL
Unico Silver — Investor Presentation (September 2024)
28 slides from Unico Silver's investor presentation, Sep 9, 2024
Slide 1: Investor Presentation Cover Letter
9 September 2024 INVESTOR PRESENTATION COVER LETTER The accompanying investor presentation updates the investor presentation by the Company dated 23 August 2024, including: a) Updated Peer Tables and an additional Appendix to show the detailed resources for each Company within the peer group; and b)
Slide 2: Transformative Acquisition and Consolidation of the Joaquin Silver District
For personal use only Transformative Acquisition and Consolidation of the Joaquin Silver District Final Critical Piece of Regional Consolidation: Focus Turns to Growth and Exploration Investor Presentation Unico Silver August 2024 ASX:USL
Slide 3: Forward looking statements and disclosures
Forward looking statements and disclosures DISCLAIMER COMPETENT PERSON STATEMENT The following material is for general information purposes only and is not to be relied upon This presentation contains information extracted from previous ASX releases which are referenced in for the making of an inves
Slide 4: Placement Overview
Placement Overview Terms Details Offer Structure The Company raised $8.0 million by way of a single tranche placement of 47.1 million shares (“New Shares”) to sophisticated and and Size professional investors in accordance with the Company’s ASX Listing Rule 7.1 and 7.1A capacity (the “Placement” or
Slide 5: Pro-forma Corporate Snapshot
Pro-forma Corporate Snapshot Options / Market MAJOR SHAREHOLDERS Shares Cash Performance Capitalisation Austral Gold 6.5% For personal use only Eric Sprott 4.8% Eduardo Elsztain 4.4% 351M 40.8M $65M1 $13M2 Institutional Ownership 6.0% 1Market capitalisation at 18.5 cents per share 2Cash balance as o
Slide 6: Santa Cruz regional snapshot
Santa Cruz regional snapshot Home of Majors, clear framework for permitting and building mines VISION For personal use only • Globally significant silver development company with +300Moz silver equivalent resources. SANTA CRUZ PORTFOLIO • Home to major miners (Newmont, Pan American Silver, AngloGold
Slide 7: Proposed 100% acquisition of the Joaquin silver district
For personal use only Proposed 100% acquisition of the Joaquin silver district* : *The proposed transaction is subject to entering into definitive legal agreements between PAAS and USL, which are in substantially agreed form, and is conditional upon the receipt of all required approvals or consents,
Slide 8: Strategically located
Strategically located Building a camp-scale silver opportunity in a world-class precious metal district “…The acquisition of the Joaquin Project forms part of a broader For personal use only consolidation strategy that has seen USL move to 100% ownership in five projects formerly held by two major c
Slide 9: 100% acquisition of Joaquin project from global major Pan American Silver
100% acquisition of Joaquin project from global major Pan American Silver • Binding LOI signed for the 100% acquisition of two contiguous properties (Joaquin and Cerro • CONSOLIDATION OF LARGE SILVER DISTRICT Puntudo) totaling 35,946Ha from global major Pan American Silver (NYSE: PAAS) • STRATEGICAL
Slide 10: Joaquin and Cerro Puntudo Project Histories
Joaquin and Cerro Puntudo Project Histories Large silver district controlled by one junior for the first time La Morocha Underground Mine Portal November 2009: Coeur October 2010: Coeur November 2007: First June 2011: Mirasol Files January 2017: Pan For personal use only defines high- grade defines
Slide 11: Joaquin Foreign Estimate
Joaquin Foreign Estimate Pure-play silver resources adds scale, optionality to Cerro Leon Table 1: Joaquin Project – Foreign Estimate as of February 2013 Joaquin Resource Metal Mix Resource Tonnes (Mt) Ag (gpt) Au (gpt) Ag (Moz) Au (Koz) AgEq (gpt) AgEq (Moz) For personal use only Category 7% M&I 15
Slide 12: Consolidation of a Silver District Historically Divided by a Tenement Boundary
Consolidation of a Silver District Historically Divided by a Tenement Boundary 100% ACQUISITION OF JOAQUIN AND CERRO PUNTUDO • Formerly held by Pan American Silver and Yamana prior to the merger of the two companies in March 2023. For personal use only • Underexplored epithermal vein system 10km by
Slide 13: Opportunities for near-term resource growth: La Negra Extension and Feeder Structure
Opportunities for near-term resource growth La Negra Extension and Feeder Structure Potential for high-grade mineralisation beneath For personal use only existing resource. Hole DDJ-117 intercepted a strongly oxidised structure 225m below the surface that returned: La Negra Feeder: 4.5m at 1699g/t A
Slide 14: Opportunities for near-term resource growth: La Morocha Extension
Opportunities for near-term resource growth La Morocha Extension Potential to expand resource growth along strike and SE of La For personal use only Morocha La Morocha SE Extension: • 20m at 15gpt Ag, 0.9gpt Au from 95m • 8m at 226gpt Ag, 0.5gpt Au from 189m Mineralisation open to the northwest as s
Slide 15: Significant Drill Intercepts
Significant Drill Intercepts Wide, shallow, high-grade silver Property Hole ID Statement GT (AgEq*m) DDJ-367 (La Morocha) 27m at 900gpt Ag from 82.5m DDJ-251 22.6m at 0.9gpt Au, 3770gpt Ag from 17m 86,761 4782gpt Ag 1513gpt Ag For personal use only DDJ-252 17.7m at 0.9gpt Au, 3087gpt Ag from 10m 55,
Slide 16: Transaction Terms
Transaction Terms Upfront payments funded from existing cash • ACQUISITION • 100% of the shares in Minera Joaquin SRL, being the • 100% owner of the Joaquin mining properties For personal use only • Surface rights (estancia Vas Villa), mining and access agreement (estancia La Malta) valid until 2034
Slide 17: Cerro Leon Project Summary
For personal use only Cerro Leon Project Summary Investor Presentation | July 2024 16
Slide 18: Consolidation of Commanding Land Position in the Cerro Vanguardia mining district
Consolidation of Commanding Land Position in the world-class Cerro Vanguardia mining district Two transactions announced since March 2024, increasing the footprint of Cerro Leon and bringing online advanced For personal use only prospects to deliver rapid resource growth. MINERA LOS DOMOS CONSOLIDAT
Slide 19: Marta Este Longsection
Marta Este Longsection For personal use only Investor Presentation | August 2024 18
Slide 20: Pinguino - Exploration Target Range
Pinguino - Exploration Target Range Exploration Target Tonnes Range (Mt) AgEq Range (g/t) AgEq Range (Moz) TOTAL 10 - 15 175 - 266 55 - 128 Cautionary Statement: The potential quantity and grade of the Exploration Target is conceptual in nature and as such there has been insufficient exploration dri
Slide 21: Sierra Blanca Acquisition – Options for Immediate Resource Growth
Sierra Blanca Acquisition – Options for Immediate Resource Growth Nine "walk-up" exploration targets prioritised for further drilling For personal use only EXPANDED EXPLORATION FOOTPRINT • Leveraging work of previous explorers (136 drill holes for 17,949m). • +25 lineal km of additional epithermal v
Slide 22: Unico Silver trading at a lower valuation relative to comparable silver explorers
Unico Silver is currently trading at a lower valuation relative to comparable global silver explorers/developers Average Enterprise Value per silver equivalent resource ounce of A$1.1 For personal use only 2.50 2.12 2.04 2.00 Enterprise Value per Resource Ounce (AUD$) 1.61 1.50 1.37 1.04 1.00 0.77 0
Slide 23: Next Steps
Next Steps ACHIEVED IN PROGRESS NEXT STEPS For personal use only REGIONAL CONSOLIDATION REGIONAL CONSOLIDATION Q4 2024 • 100% acquisition of Sierra Blanca • Close Joaquin transaction • Cerro Leon drilling (September) • 100% acquisition of Joaquin and Cerro 1H 2025 Puntudo EXPLORATION • Joaquin drill
Slide 24: Appendix A: Disclosure of Foreign Estimate
Appendix A: Disclosure of Foreign Estimate Table 1: Joaquin Project – Foreign Estimate as of February 2013 Resource Category Tonnes (Mt) Ag (gpt) Au (gpt) Ag (Moz) Au (Koz) AgEq (gpt) AgEq (Moz) M&I 15.7 128 0.12 65.2 61.1 138 70.1 For personal use only Inferred 1 100 0.12 3.1 3.7 110 3.3 Total 16.7
Slide 25: Appendix B: Cerro Leon Mineral Resource Statement
Appendix B: Cerro Leon Mineral Resource Statement Table 2: Cerro Leon Resource – Metallurgical Domain Project Metallurgical Domains Resource Category Tonnes AgEq (gpt) AgEq (Moz) Ag (g/t) Au (g/t) Pb (%) Zn (%) Ag (Moz) Au (koz) Pb (Mlb) Zn (Mlb) For personal use only Pinguino Polymetallic lead-zinc
Slide 26: Appendix C: Silver Peer Group Resource Table
Appendix C: Silver Peer Group Resource Table Company Res. Category Tonnes AgEq*85 Ag (gpt) Au (gpt) Pb (%) Zn (%) AgEq Moz Ag Moz Au Koz Pb Mlbs Zn Mlbs Dolly Varden Indicated 4.15 358 260 1.2 47.9 34.7 166 Inferred 6.83 428 133 3.7 94.0 29.2 817 Total 11.0 402 181 3 141.9 64.0 982.8 For personal us
Slide 27: Appendix D: Silver Peer Group
Appendix D: Silver Peer Group Table 4: Silver Peer Group as of 22 August 2024 CAUTIONARY STATEMENT Market With respect to the historical estimates and/or foreign Status Currency Fx SP Capitalisation Cash ($m) EV Classification AgEq Moz AUD$EV/oz estimates of mineralisation of the peer resources disc
Slide 28: Unico Silver Limited
For personal use only Unico Silver Limited ASX:USL ABN: 34 116 865 546 Address: Level 4, 100 Albert Road South Melbourne VIC 3205 P: +61 3 9692 7222 F: +61 3 9077 9233 E: info@unicosilver.com.au W: www.unicosilver.com.au
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