Southern Silver Exploration Corp. · TSXV:SSV
Southern Silver Exploration — Investor Presentation (March 2024)
24 slides from Southern Silver Exploration's investor presentation, March 2024
Slide 1: Developing the Cerro Las Minitas Project into the Next Major Silver Mine in Mexico
Developing the Cerro Las Minitas Project into the Next Major Silver Mine in Mexico 将Cerro Las Minitas项目开发成为墨西哥下一个 主要银矿山 Corporate Presentation 公司介绍 March, 2024 2024年3月 SSV: TSX-V www.southernsilverexploration.com www.southernsilverexploration.com TSX-V: SSV OTCQX: SSVFF SSVFF: OTCQX
Slide 2: Forward Looking Statements and Technical Disclosure
Forward Looking Statements and Technical Disclosure 前瞻性声明和技术披露 Some of the statements contained in this presentation may be deemed “forward-looking All mineral resources have been estimated in accordance with Canadian Institute of Mining and statements.” These include estimates and statements that d
Slide 3: Investment Highlights
Investment Highlights / 投资亮点 Focused on developing the Cerro Las Minitas (CLM) Ag-Cu-Pb-Zn project located in Durango, Mexico 专注于开发位于墨西哥杜兰戈州的Cerro Las Minitas(CLM)银-铜-铅-锌项目 One of the Largest and Highest PEA Highlights Corporate Highlights Company Catalysts Grade Undeveloped Silver 初步经济评估要点 企业亮点 公司催
Slide 4: One of the Largest and Highest Grade Undeveloped Silver Assets in the World
Cerro Las Minitas One of the Largest and Highest Grade Undeveloped Silver Assets in the World / 世界上规模最大、品位最高的未开发银矿资产之一 2023 Mineral Resource Estimate (as of March 22nd, 2023 using a $60NSR/t cut-off)1 2023年矿产资源量估测（截至2023年3月22日，采用$60NSR/吨边际值）1; Indicated – 140Moz AgEq: 42.7Moz Ag, 446Mlb Cu, 364Mlb P
Slide 5: Capital Markets Profile
Capital Markets Profile / 资本市场概况 Share Price and Volume (Last 24 Months) Capital Structure / 股票价格和成交量（过去24个月） Ticker TSX-V:SSV Share Price (Feb. 5, 2024) C$0.14 Current Shares Outstanding 292M 1 Options 24.5M Warrants 51.2M2 Fully Diluted Shares Outstanding 367M Market Capitalization (basic) C$41M C
Slide 6: Management Team and Board
Management Team and Board / 管理团队和董事会 Experienced Mine Finders with a History of Success in Mexico / 在墨西哥有成功经验的优秀矿藏发现者 • Director and Officer of a number of public prominent exploration and mining companies / 多家知名勘探和采矿上市公司的董事和高管 Lawrence Page (LL.B, KC / 法学学士、御用大律师) • Major Projects and Mines involve
Slide 7: Project Portfolio
Project Portfolio / 项目组合 District Scale Exploration & Development / 地区规模的勘探与开发 Cerro Las Minitas, Durango, Mexico – Flagship / 墨西哥杜兰戈州的Cerro Las Minitas旗舰项目 • 100% owned / 100%拥有 • Silver-enriched Skarn/CRD deposits / 富银矽卡岩/CRD矿床 • +US$35M spent on acquisition and exploration since 2011 / 自从2011年以来，
Slide 8: Infrastructure and Access
Cerro Las Minitas Infrastructure and Access / 基础设施和交通 Well Located in an Active Exploration and Development Jurisdiction with Superior Knowledgeable and Supportive Local Community Infrastructure / 位于矿产勘探和开发活跃的辖区，有一流的基础设施 见多识广、为采矿提供大力支持的当地社区 • Safe jurisdiction, around non-narcotic related agricultur
Slide 9: Looking North from the Autopista (Highway)
Cerro Las Minitas Looking North from the Autopista (Highway) / 从Autopista（高速公路）向北望去 www.southernsilverexploration.com www.southernsilverexploration.com 9 TSX-V: SSV OTCQX: SSVFF
Slide 10: Site Geology and Deposit Distribution
Cerro Las Minitas Site Geology and Deposit Distribution / 矿场地质和矿藏分布 A classic Ag-Pb-Zn CRD/Skarn system similar to major polymetallic Seven deposits make up the current Mineral Resources Mexican deposits / 典型的银-铅-锌CRD/矽卡岩系统，类似墨西哥 七个矿床构成了当前的矿产资源版图 的主要多金属矿床 • Mineralization is localized in sub-vertica
Slide 11: 2023 Resource Estimate
Cerro Las Minitas 2023 Resource Estimate / 2023年资源量估测 2023 Mineral Resource Estimate (as of March 22, 2023 using a US$60/t NSR cut-off) / 2023年矿产资源量估测（截至2023年3月22日，采用 $60NSR/吨边际值） • Indicated – 140Moz AgEq 42.7Moz Ag, 46Mlb Cu, 364Mlb Pb and 903Mlb Zn (349g/t AgEq; or US$130 NSR/t) / 指示资源量–1.4亿盎司白银当
Slide 12: Project Economics
Cerro Las Minitas Project Economics / 项目经济效益 Higher Margin Mineralization Targeted in the First Eight Years of PEA Highlights – Effective Aug 29, 2022 Production Leading to Improved Economics. / 在项目前八年的生产 PEA亮点-2022年8月29日生效 中，目标是提高矿化利润，从而提高经济效益。 15yr Mine Life / 15年的矿山寿命 Robust Project Economics / 稳
Slide 13: Project Economics
Cerro Las Minitas Project Economics / 项目经济效益 Modelled LOM Production: 24.5 Mt @ 0.2% Cu, 1.1% Pb, 2.6% Zn, Robust AgEq Production which Peaks in Year 8 110g/t Ag, 0.09g/t Au - Average NSR of $US 128/t / 矿山寿命期内 的模拟产量：2450万吨，铜品位0.2%、铅品位1.1%、锌品位2.6% 稳定的白银当量产量在第8年达到峰值 、银品位110克/吨、金品位0.09克/吨 - 平均NSR为128美元
Slide 14: Potential Economic Updates
Cerro Las Minitas Potential Economic Updates / 潜在的经济更新 The PEA has modelled robust annual average cashflow particularly in the first eight years of mine-life. New work will focus on increasing free cash flow within the current model / 初步经济评估已模拟出稳健的年均现金流，尤其是在矿山寿命的前八年。新的工作重点是 在现有模型内增加自由现金流 Adding Addi
Slide 15: Project Economics – Sensitivities
Cerro Las Minitas Project Economics – Sensitivities / 项目经济效益-敏感性 • Base Case NPV5% = $349M / 基本情况：折现5%后的净现 值为$3.49亿 • The project NPV5% shows greatest sensitivity to: / 项目折 现5%后的净现值对以下因素的敏感度最高： ― silver and zinc metal prices / 银和锌的金属价格 ― then silver and zinc metal recoveries, and / 其次是银 和锌的金属采收率，以及
Slide 16: New Discoveries and Resource Expansion
Cerro Las Minitas New Discoveries and Resource Expansion / 新发现和资源扩展 Drilling has now identified a 1200 metre strike-length of mineralization on the East side of the Cerro 钻探现已在Cerro矿区东侧发现了走向长度1200米的矿化 • Three mineralized “Shoots” identified on the eastern side of the Cerro / 在Cerro矿区东侧发 现了三处矿化“枝条” •
Slide 17: Theory
Cerro Las Minitas UV/XRF analyses as a means to better define drill targeting / 紫外线/XRF分析作为更好定义钻探靶区的手段 Theory / 理论 • Mn (and other elements) form wide halos around carbonate hosted mineral deposits / 锰（和其他元素）在碳酸盐岩矿床周围形成广泛的光晕 • Mineral are captured in secondary calcite veins and altered host rock / 矿
Slide 18: UV/XRF Studies and Drill Targeting
Cerro Las Minitas UV/XRF Studies and Drill Targeting / 紫外线/X射线荧光光谱研究和钻探靶区定位 North Felsite Long-Section with Resource Blocks and • This work was successful in highlighting higher grade lenses Calcite Fluorescence / North Felsite长剖面与资源区块和方解石荧光 within the of the South Skarn, Mina La Bocona and North Fe
Slide 19: Resource Expansion
Cerro Las Minitas Resource Expansion / 资源扩展 New Drill Targeting Highlights a Pathway to Expand Resources on the Eastern Side of the Cerro 确定新的钻探靶区突出了在Cerro东侧扩大资源量的途径 • New Drilling is planned for 2024 which will target Resource Expansion in the Eastern Deposits / 新钻探计划于2024年进行，目标 是扩大东面矿床的资源量 • Initi
Slide 20: Next Steps and Technical Opportunities
Cerro Las Minitas Next Steps and Technical Opportunities / 下一步行动和技术机会 Work on the Cerro Las Minitas project continues to de-risk the project and add further value Resource Expansion 继续在Cerro Las Minitas项目开展工作，以降低项目风险并进一步增加价值和资源扩展 ESG - Continuing on the Pathway to Production / ESG- Technical Opportu
Slide 21: Oro and Hermanas Projects
Oro and Hermanas Projects / Oro和Hermanas项目 Assets Overview / 资产概述 US Exploration / 美国勘探 Southern continues to advance two earlier stage projects in southern New Mexico, giving the shareholder additional exposure to copper, gold and silver / Southern继续推进位于新墨西哥州南部的两个早期项目，为股东带来更多铜、黄金和白银投资机会 Oro Proje
Slide 22: Oro and Hermanas Projects
Oro and Hermanas Projects / Oro和Hermanas项目 Assets Overview / 资产概述 The Company has Identified Favorable Targets to Provide Investors an Exposure to Copper, Gold and Silver 本公司已确定有利靶区，为投资者提供铜、黄金和白银投资机会 Oro Property / Oro项目区 Hermanas Project, Southern New Mexico / 新墨西哥州南部的Hermanas项目 • Newly optioned fr
Slide 23: Why Southern Silver
Why Southern Silver / 投资Southern Silver的理由 Diverse Assets / 多元化资产 PEA Results / 初步经济评估 Catalysts / 催化剂 Ongoing / 正在进行中的 结果 Updated PEA for Q1 ’24 / 24年 Property Package with CLM: Surface Exploration 第一季度更新初步经济评估 Exposure to both Precious Highlights Robust Asset / 突 and Targeting / CLM：地表 CLM: New Dr
Slide 24: Notes
Southern Silver Notes 备注 www.southernsilverexploration.com www.southernsilverexploration.com 24 TSX-V: SSV OTCQX: SSVFF
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