Aya Gold & Silver Inc. · TSX:AYA

Aya Gold & Silver — Investor Presentation (January 2021)

25 slides from Aya Gold & Silver's investor presentation, January 2021

  1. Slide 1: Building Africa's Next Precious Metals Mining Company

    BUILDING AFRICA’S NEXT PRECIOUS METALS MINING COMPANY x

  2. Slide 2: Forward Looking Statement

    Certain statements and information contained in this presentation results to differ from those reflected in the forward-looking are “forward-looking information” within the meaning of applicable information, including, without limitation, the ability of the FORWARD securities laws. Such statements i

  3. Slide 3: Our Board

    Benoit La Salle, FCPA, CPA Nikolaos Sofronis OUR President & CEO, Director Over 25 years of experience as a corporate executive in Director Nikolaos Sofronis is founder of BS Family Office Assets the mining industry. Benoit founded, developed and led Management S.A Geneva, specialized in private equ

  4. Slide 4: Portfolio of Assets Backstopped by Producing Zgounder Silver Mine

    Portfolio of Assets Backstopped by Producing Zgounder Silver Mine • Zgounder is our flagship high-grade silver asset. Commercial production was declared in January 2019 with a nameplate capacity of 700 tpd • Current operation optimization in progress to bring production from 500,000 oz production to

  5. Slide 5: Zgounder 2020 Production Performance

    Zgounder 2020 Production Performance 180000 160000 140000 Record 2020 Production and Drilling 120000 • Total silver production of 407,986 oz in Q4 2020 representing record quarterly production Production (oz) 100000 • Preliminary annual silver production of 689,964 oz, representing record annual pro

  6. Slide 6: Capitalization

    CAPITALIZATION (1) Shares outstanding 92,181,714 Options (C$1.69/share) 6,195,000 • Strong balance sheet with C$42M cash and no debt Warrants (C$3.30/share) 6,244,048 • Tight capital structure with >55% of the shares controlled Broker warrants (C$2.10/share) 1,604,186 between management, insiders, a

  7. Slide 7: Aya outperforming GDX and GDXJ since management change

    Aya outperforming GDX and GDXJ since management change 350 325 300 • The stock has outperformed the GDXJ and the GDX by 165% and 182%, respectively, since the 275 management change in April 2020 250 AYA 225 • Management is focused on: 200 • Delivering value through drill programs and 175 optimizing

  8. Slide 8: Morocco – Low Risk Jurisdiction

    Morocco – Low Risk Jurisdiction Top Quartile Low-Risk Mining Jurisdictions Globally (by Perceived Risk) • Politically Stable: Constitutional monarchy • Excellent & Modern Transport & Power Infrastructure: Extensive national grid and road network • Abundance of Highly Skilled Workforce: Morocco is an

  9. Slide 9: Zgounder Mine, Boumadine, Azegour and Other Opportunities

    Zgounder Mine (Production) • 85% Ownership (buy back option to 100% ownership once 8M oz Ag produced) • Commercial production declared in 2019 (452k oz Ag at $6.68/oz) • Ramping annual production up to 1M oz Ag and expanding to 4M oz Ag Boumadine (Development) • 85% Ownership • Metallurgical studies

  10. Slide 10: Silver – Zgounder Millenium Silver Mine

    Silver ZGOUNDER MILLENIUM SILVER MINE Ag x TSX | AYA 10

  11. Slide 11: Morocco's second most important silver mine

    • Morocco’s second most important silver mine after Managem’s Imiter Silver Mine – 275 km away along the South Atlas Fault Regional • Imiter Precambrian-Cambrian analog – volcano-sedimentary formations – Geology with a major clastic component intercalated with volcanics and an overlaying acid ignimb

  12. Slide 12: Top-ranking Intersections

    Top 50 global primary-silver intercepts of 2020 ranked by Ag grade-thickness Zgounder, 1 37,384 Castle, 2 31,846 Silver Sand, 3 29,329 Castle, 4 29,038 Zgounder, 5 28,000 Silver Sand, 6 25,412 Silver Sand, 7 24,847 Zgounder, 8 22,857 Juanicipio, 9 22,139 Zgounder, 10 21,284 Silver Queen, 11 21,162 T

  13. Slide 13: Strong Finish to 2020 Program

    Zgounder top 50 all-time drill intersections ranked by grade-thickness 1 9,346gpt over 4.0m 2 2,376gpt over 13.2m 3 1,494gpt over 18.6m 4 3,464gpt over 8.0m 5 1,905gpt over 12.0m 6 5,270gpt over 4.0m 7 1,363gpt over 12.5m 8 4,874gpt over 3.0m 9 1,112gpt over 12.0m 2020 10 915gpt over 14.0m program 1

  14. Slide 14: Based on historical and 2019 drilling

    Based on historical and 2019 drilling * Drill hole intercepts presented in the image above come from a collection of surface drilling results in which assays have been conducted at various laboratories including ALS, Afrilab and others; and underground grade control drilling assay results that were

  15. Slide 15: Drill hole intercepts note

    * Drill hole intercepts presented in the image above come from a collection of surface drilling results in which assays have been conducted at various laboratories including ALS, Afrilab and others; and underground grade control drilling assay results that were conducted at the mine site at the Corp

  16. Slide 16: TSX | AYA

    TSX | AYA 16

  17. Slide 17: Total resource estimate at Zgounder Silver Mine

    Total resource estimate at Zgounder Silver Mine In-pit resource estimate at Zgounder Silver Mine¹ High-grade underground resource estimate at Zgounder Silver Mine² TSX | AYA ¹ In-pit mineral resources were reported using a cut-off grade of 65 g/t Ag 17 ² Underground mineral resources were reported u

  18. Slide 18: Following the Dolerite Dyke

    Following the Dolerite Dyke • A total of 97,533 meters over 2,596 drill holes have been drilled on site to date • 3 zones have been targeted: Central, East and West • Gaps in geological interpretation are being filled • Continuation of the dolerite dyke to the east and west is being confirmed Fault

  19. Slide 19: High Impact Drill Targets

    High Impact Drill Targets Long section 420300 N • Drill targets from surface are designed to fill knowledge gaps • Drill targets within the mining area will allow inferred resources to be converted to M&I • Drill targets will focus on the eastern extension and deeper below the current mining area •

  20. Slide 20: 19,030-Meter Drill Program

    Location of 2020 exploration drilling on Zgounder with 3 historical intercepts- ZG-RC-19-27, ZG-RC-19-18 and ZG-17-16-that underpin the 2020 exploration focus 19,030-Meter Drill Program • Results corroborate high-grade mineralization along strike and at depth • Given the strong results, the initial

  21. Slide 21: Boumadine Polymetallic Deposit

    BOUMADINE POLYMETALLIC DEPOSIT Gold Silver Lead Zinc Au Ag Pb Zn 1.67 g/t 102 g/tt 1.03% 3% x TSX | AYA 21

  22. Slide 22: Boumadine History, Location and Development Program

    History • Previously mined as both open pit and underground from ~1950s-1992 Location & Access • ~240 km from Ouarzazate city accessible via dirt road Development Program • Metallurgical testing is ongoing • Drilling has been conducted on 3 zones of interest (Imariren, Centre, and North) • Resulting

  23. Slide 23: Azegour

    AZEGOUR Copper Molybdenum Tungsten Cu Mo W 3% 0,4% 0,35% WO3 x TSX | AYA 23

  24. Slide 24: Historical Production (1926-1956)

    Historical Production (1926-1956) • 1,331 t of MoS2; • 5,646 t of chalcopyrite – CuFeS2; • 27 t of scheelite – CaWO4; and • 1.55 t of U3O8 Historical Resources • 1M t @ 0.34 to 0.40% MoS2, • 100,000 t @ 1.90% Cu and • 2M t at 0.40 to 0.35% WO3 • Surface Historical Ore Pile • Mo 3.5% The estimates pr

  25. Slide 25: Thank You

    Thank You x 1320 Graham, suite 132 Ville Mont-Royal, QC H3P 3C8 Benoit La Salle: +1-514-951-4411 Alex Ball: +1-647-919-2227 www.ayagoldsilver.com info@ayagoldsilver.com AYA GOLD & SILVER – TSX | AYA

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