Silver Mines Limited · ASX:SVL
Silver Mines — Gold Forum Europe - Zurich 2024
33 slides from Silver Mines's conference presentation, April 2024
Slide 1: Investor Marketing
INVESTOR MARKETING Gold Forum Europe - Zurich Jo Battershill – Managing Director April 2024
Slide 2: Disclaimer
DISCLAIMER The material in this presentation contains certain forecasts and forward-looking information, including regarding possible or assumed future performance or potential growth of Silver Mines Limited (“SVL”). Such information is not a guarantee of future performance and involves unknown risk
Slide 3: Introduction to Silver Mines Limited
INTRODUCTION TO SILVER MINES LIMITED
Slide 4: Silver Mines Limited Company Overview
SILVER MINES LIMITED COMPANY OVERVIEW ► Silver Mines Limited is an Australian public ► The Project area comprises 2,115km2 (521,000 resource company listed on the Australian acres) of titles covering approximately 80 Securities Exchange. kilometres of strike of the highly mineralised Rylstone Volcan
Slide 5: Corporate Information
SILVER MINES LIMITED CORPORATE INFORMATION Share Trading History Capital Structure (ASX: SVL) 35 0.40 AUD USD XAG SVL 0.35 Shares on Issue (m) 1,510 1,510 30 0.30 Share Price ($) 3rd April 0.18 0.12 0.25 Undiluted Market Capitalisation ($m) 271.4 176.2 25 SVL (A$/sh) XAG (US$/oz) 0.20 Cash ($m, as a
Slide 6: Bowdens Silver Project
SILVER MINES LIMITED BOWDENS SILVER PROJECT Bowdens Silver Project Asset Location Bowdens Silver Project Australia’s largest located in central New undeveloped silver South Wales, Australia deposit Project 100% owned 396Moz AgEq Resource The Project has LOM annual production received NSW mine of ~3.
Slide 7: Environmental, Social and Governance
SILVER MINES LIMITED ENVIRONMENTAL, SOCIAL AND GOVERNANCE 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 industry corporate standards
Slide 8: Bowdens Silver Project High Tech Metals
BOWDENS SILVER PROJECT HIGH TECH METALS Bowdens Silver falls under the New South Wales Government’s Critical Minerals and High-Tech Metals Strategy Establishing NSW as a world … identify critical minerals as an leader for investment in emerging sector and represents a sustainable mining is a key new
Slide 9: Silver: Metal of the Future
SILVER METAL OF THE FUTURE
Slide 10: Why Silver?
SILVER WHY SILVER? ► Unique conductive and chemical properties ► An important industrial metal with integral roles in electrical applications in green technologies A safe haven in times Portfolio Hedge against ► Global efforts to of geopolitical risk diversification inflation decarbonize and electri
Slide 11: Silver Uses / Metal of the Future
SILVER USES / METAL OF THE FUTURE Growing industrial demand from global Properties transition to decarbonisation and electrification ► Highest electrical conductivity of all metals ► Highest thermal conductivity of all metals 11% of demand in 19% of demand in Batteries Water purification Jewellery p
Slide 12: Silver Photovoltaic
SILVER PHOTOVOLTAIC Silver demand for solar installations has grown, ► Solar energy is an Paving the way representing 140Moz or 11% of total demand inexhaustible fuel source for electrification that is pollution free Index (2010=100) Moz and helping 120 160 ► Solar capacity in China is now greater t
Slide 13: Silver Key Statistics / Supply & Demand
SILVER Recyling 18% Mine product KEY STATISTICS / SUPPLY & DEMAND 82% Silver supply ~1,240M annual consumption ► Industrial applications: electronics | solar | medicine | water purification | window manufacturing Deficit Cumulative deficit of 1,005 483Moz 2021 – 2023 ~820M annual 176Moz forecast in
Slide 14: Bowdens Silver Mine Development
BOWDENS SILVER MINE DEVELOPMENT
Slide 15: Bowdens Silver Project Overview
BOWDENS SILVER PROJECT OVERVIEW Highlights Timeline of major milestones The largest silver development project in Australia Sept 2017 Jun 2018 Mar 2023 Open-Cut Mineral Feasibility Study Mineral Resource Resource completed completed upgrade (396 Moz AgE)1 Mineral Resource base of 396Moz1 silver equi
Slide 16: Bowdens Silver Project Regional Geology
BOWDENS SILVER PROJECT REGIONAL GEOLOGY 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 - potential for significant mineralisation Mid-Carboniferous Rylstone Volcanics (~325Ma) within the
Slide 17: Bowdens Silver Project Proposed Development
BOWDENS SILVER PROJECT PROPOSED DEVELOPMENT 2023 Resource Estimate below 580m elevation Proposed with greater than 30g/t Open Pit Low strip unoxidised high-grade Note: Open pit outline is from the 2018 Feasibility Study. 17
Slide 18: Bowdens Silver Project Optimisation Program
BOWDENS SILVER PROJECT OPTIMISATION PROGRAM 2018 Feasibility Study 2023 Optimisation Program Production Life Years 16.5 +50,000 metres Mineral Resource Updated mine of drilling in and around upgrade completed in optimisation and Ore Mined Mt 29.9 March 2023. Reserve design ongoing the pit completed
Slide 19: Bowdens Silver Project Optimisation Program
BOWDENS SILVER PROJECT OPTIMISATION PROGRAM Optimisation Program Mine Optimisation and updated Ore Reserve advanced Process design advanced Power supply options study advanced Tailings Storage Facility optimisation advanced Water supply program advanced Management Plans advanced Local baseline progr
Slide 20: Bowdens Silver Exploration Strike and Depth Extensions
BOWDENS SILVER EXPLORATION STRIKE AND DEPTH EXTENSIONS 20
Slide 21: Regional Exploration: A Major Mineralised System
REGIONAL EXPLORATION A MAJOR MINERALISED SYSTEM
Slide 22: Regional Targets Exploration
REGIONAL TARGETS EXPLORATION Coomber Barabolar Bara Creek ► Mineralisation from ► Extensive copper-gold ► Situated on the Bowdens surface - Bowdens Silver anomalism including Silver caldera northern analogue mineralised skarn over rim 5000 x 800 metres ► Historical drilling by ► Original stream CRAE
Slide 23: Bowdens Silver Project Expanded Seismic Survey
BOWDENS SILVER PROJECT EXPANDED SEISMIC SURVEY Expanded Seismic Program 97 km Survey to assist ► Seismic of data across with targeting program high priority within Rylstone complete exploration Volcanics at: ► interpretation prospects ► Bowdens in process ► Bara Creek ► Coomber 23
Slide 24: Preliminary Seismic Line – Comber Prospect Initial Interpretation
PRELIMINARY SEISMIC LINE – COMBER PROSPECT INITIAL INTERPRETATION 24
Slide 25: Bowdens Silver Project Key Conclusions
BOWDENS SILVER PROJECT KEY CONCLUSIONS ► Largest silver ► Considerable ► Bowdens Feasibility ► 2Mtpa project development project exploration potential Study completed in producing ~50Moz in Australia 2018 Ag over LOM and ► Large mineralised >5Moz p.a. in the ► Resource of 396 Moz system remains open
Slide 26: Tuena Gold Project
SILVER MINES LIMITED TUENA GOLD PROJECT 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 Project & radiometrics compl
Slide 27: Why Invest in Silver Mines Limited
WHY INVEST IN SILVER MINES LIMITED
Slide 28: Why Invest in Silver Mines Limited
WHY INVEST IN SILVER MINES LIMITED State Government mine development approvals Financial Investment Decision (FID) target late received in April 2023 2024 Total production of ~50Moz silver plus zinc & lead Outstanding drilling results both along strike and at depth Resource of 396 Moz AgEq, Reserves
Slide 29: Registered Office
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 30: Appendix
APPENDIX fh SILVER MINES LIMITED
Slide 31: Appendix 1: Bowdens Silver Mineral Resources (as at March 2023)
APPENDIX 1: BOWDENS SILVER MINERAL RESOURCES (AS AT MARCH 2023) Million Million Tonnes Silver Eq. Silver Zinc Lead Gold 30 g/t Ag Eq Cut Ounces Ounces (Mt) (g/t) (g/t) (%) (%) (g/t) Silver Silver Eq. Measured 107 68 40 0.36 0.25 0.03 137 235 Indicated 50 55 20 0.38 0.26 0.09 33 88 Measured & Indicat
Slide 32: Appendix 2: Bowdens Silver Ore Reserve (as at May 2018)
APPENDIX 2: BOWDENS SILVER ORE RESERVE (AS AT MAY 2018) Silver Eq. Silver Tonnes Silver Eq. Silver Zinc Lead Zinc Lead Million Million (Mt) (g/t) (g/t) (%) (% ) Kilo-tonnes Kilo-tonnes Ounces Ounces Proved 28.6 102.2 69.75 0.44 0.32 93.85 64.05 125.11 91.43 Probable 1.3 84.4 53.15 0.43 0.29 3.60 2.2
Slide 33: Competent Persons Statements
COMPETENT PERSONS STATEMENTS Mineral Resources Ore Reserve Exploration and Drill Results The information in this report that relates to Mineral Resources is The information in this report that relates to Ore Reserves within The information in this report that relates to mineral exploration based on