Silver Mines Limited · ASX:SVL
Silver Mines — Shareholder Meeting (November 2023)
27 slides from Silver Mines's shareholder meeting presentation, Nov 30, 2023
Slide 1: Annual General Meeting
Annual General Meeting 30th November 2023
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: Silver Mines Limited: Introduction
Silver Mines Limited: Introduction Key Assets Capital Structure (ASX: SVL) AUD USD The Bowdens Silver Project is located in central New South Wales, Australia. Shares on Issue (m) 1,404.3 1,404.3 The consolidated project is 100% held and the area comprises 2,115km2 (521,000 acres) of titles cove
Slide 4: Silver Mines Limited: Progress
Silver Mines Limited: Progress Highlights Silver Mines Limited Share Price Graph State Government (Independent Planning Commission) mine development approvals received in April 2023. Initial production 6Moz silver per annum plus zinc and lead as by-products from an open-pit development. Recent
Slide 5: Bowdens Silver Project: Overview
Bowdens Silver Project: Overview Highlights Timeline of Major Milestones September 2017 The largest silver development project in Australia with Open-Cut Mineral Resource completed (275 Moz AgE) a current JORC-compliant Mineral Resource base of May 2018 396Moz1 silver equivalent. Ore Reserve compl
Slide 6: 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 over different time periods (Ordovician, Siluro-Devonian, Carboniferous and Permian). • Eastern limb of the Macquarie Arc has t
Slide 7: Mine Development
Bowdens Silver Mine Development 7
Slide 8: Open Pit and Extensions
Bowdens Silver Project: Open Pit and Extensions Note: Open pit outline is from the 2018 Feasibility Study. 8
Slide 9: Optimisation Program
Bowdens Silver: Optimisation Program 2018 Feasibility Study Production Life Years 16.5 Ore Mined Mt 29.9 Waste Mined Mt 48.2 W:O Strip Ratio x 1.60 Ag Recovered in Concentrate Moz 52.91 Zn Recovered in Concentrate kt 108.0 Pb Recovered in Concentrate kt 79.3 2023 Optimisation Program An additional
Slide 10: Optimisation Program
Bowdens Silver: Optimisation Program Optimisation Program Mine Optimisation and updated Ore Reserve advanced – expansion likely. Process design advanced – crushing, milling and flotation circuits with possible ore sorting. Power supply options study advanced. Tailings Storage Facility optimi
Slide 11: Environmental, Social and Governance
Environmental, Social and Governance Silver Mines Limited now Digbee ESG Certified. Digbee ESG is the industry standard disclosure framework for the mining industry. Inaugural highly credible score of BBB reflecting a robust process of technical design, environmental and social impact studies,
Slide 12: Silver Demand
Silver Demand • Substantial demand for silver in a Silverware growing market. 5% Investment Photography (Coins & Bars) 3% • Used in most electronics, for water 25% purification, robotics, industrial automation, aerospace, pharmaceuticals, and biosciences. • Solar power, 5G electronics and EVs invest
Slide 13: High Tech Metals
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 leader for investment in sustainable mining is a key priority for the NSW Government.” • “…identify critical minerals as an emerging sector and
Slide 14: Exploration: A Major Silver System
Bowdens Silver Exploration A Major Silver System 14
Slide 15: Extensions
Bowdens Silver Project: Extensions Northwest Zone, Aegean and Bundarra Zones contains high-grade silver directly under the planned open-cut pit. Drilling demonstrates that the Northwest and Aegean Zones are likely to be connected. Bundarra Zone with greater base metal (zinc & lead) plus gold.
Slide 16: Exploration
Bowdens Silver Project: Exploration Barabolar Extensive copper-gold anomalism including mineralised skarn over 5000 X 800 metres. Porphyry system type alteration assemblages. Pyrophyllite demonstrates surface is above the porphyry system. Seismic program complete, interpretation in process.
Slide 17: Deep Drilling Program
Bowdens Silver Project: Deep Drilling Program Deep (> 450 metres) southwest exploration of the Bowdens Silver Resource. Bowdens Silver Mineral Resource remains open at a depth of 850 metres below surface. Results pending. 17
Slide 18: Deep Drilling Program
Bowdens Silver Project: Deep Drilling Program 18
Slide 19: Expanded Seismic Survey
Bowdens Silver Project: Expanded Seismic Survey Expanded Seismic Program 97 kilometres of data across high priority exploration prospects. Survey to provide targets within highly prospective Rylstone Volcanics at Bowdens, Bara Creek and Coomber, and basement units at Barabolar. Seismic program
Slide 20: Preliminary Data Barabolar (Line 15)
Bowdens Silver Project: Preliminary Data Barabolar (Line 15) 20
Slide 21: Preliminary Data Coomber (Line 13)
Bowdens Silver Project: Preliminary Data Coomber (Line 13) 21
Slide 22: Tuena Gold Project
Tuena Gold Project • Located south of Blayney in New South Wales. • Historic goldfield with minimal exploration work in the modern era. • Clear geological analogies to the McPhillamys Gold Project (2.0 Moz gold). • Mineral system and old gold workings extend over at least 6 kilometres of strike. • R
Slide 23: Key Conclusions
Bowdens Silver Project: Key Conclusions The largest silver development project in Australia with a current JORC-compliant Resource base of 396 Moz AgE. Considerable exploration potential with extensive drilling continuing. Confirmed significant high-grade extensions to State Government (Independ
Slide 24: Silver Mines Limited
Silver Mines Limited +61 2 8316 3997 24
Slide 25: Appendix – Bowdens Silver Mineral Resource
Appendix 1 – Bowdens Silver Mineral Resource (as at March 2023) 30 g/t Ag Eq Cut Tonnes Silver Eq. Silver Zinc Lead Gold Million Million (Mt) (g/t) (g/t) (%) (%) (g/t) Ounces Ounces 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 & 157 64
Slide 26: Appendix – Bowdens Silver Ore Reserve
Appendix 2 – Bowdens Silver Ore Reserve (as at May 2018) Tonnes Silver Silver Zinc Lead Silver Silver Zinc Lead (Mt) Eq. (g/t) (%) (% ) Eq. Million Kilo- Kilo- (g/t) Million Ounces tonnes tonnes 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
Slide 27: Competent Persons Statements
Competent Persons Statements Mineral Resources The information in this report that relates to Mineral Resources is based on work compiled by Mr Arnold van der Heyden who is a Director of H & S Consultants Pty Ltd. Mr van der Heyden is a Member and Chartered Professional (Geology) of the Australian I