Silver Mines Limited · ASX:SVL
Silver Mines — Beaver Creek/Denver Gold Presentation 2018
29 slides from Silver Mines's conference presentation, September 2018
Slide 1: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System ASX:SVL Beaver Creek/Denver Gold Presentation September 2018
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 UNLOCKING A MAJOR MINERALISED SYSTEM THROUGH EXPLORATION SUCCESS • Major Exploration Targets: • Confirmed significant extensions to mineralisation close to mine. • Discovered new base-metal massive sulphide including gold. • Discovered porphyritic felsic intrusion u
Slide 4: Silver Mines Limited Snapshot
Silver Mines Limited Snapshot Capital Structure ASX:SVL Shares on Issue 633.1m Options Current Share Price A$0.03 Jun 2021 @ $0.06 60.1m Undiluted Market Capitalisation A$20.0m Jun 2019 @ $0.30 9.0m Cash end June 2018* A$0.7m* 3 year milestone @ $0.20 5.0m * $3.8m entitlements issue complete Sept 20
Slide 5: Board of Directors
Board of Directors Keith Perrett, Chairman Mr Perrett has had a long involvement in agriculture as a producer and industry leader at local, state, national and international levels. He was formerly Chairman of the Grains Research and Development Corporation (GRDC), the National Rural Advisory Counci
Slide 6: Quality Jurisdiction – New South Wales, Australia
Quality Jurisdiction – New South Wales, Australia 6
Slide 7: Quality Jurisdiction
Quality Jurisdiction • New South Wales, Australia a quality jurisdiction. • Major minerals projects in the state include; o Cadia/Ridgeway, Newcrest (650,000oz Au, 65,000t Cu pa). o Cowal, Evolution (260,000oz Au pa). o Northparkes, CMOC (60,000t Cu, 50,000oz Au pa). o Plus coal mining exports (170
Slide 8: Bowdens Silver Project
Bowdens Silver Project “a, SI / MINES LIMITED
Slide 9: Bowdens Silver Resource
Bowdens Silver Resource (as at September 2017) 30 g/t Ag Eq Cut Tonnes Silver Eq. Silver Zinc Lead Million Million (Mt) (g/t) (g/t) (%) (% ) Ounces Ounces Silver Silver Eq. Measured 76 72 45 0.37 0.25 111 175 Indicated 29 59 31 0.38 0.25 29 55 Measured & Indicated 105 68 41 0.37 0.25 140 230 Inferre
Slide 10: Bowdens Silver Reserve
Bowdens Silver 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 2.27 5.74 3.91 To
Slide 11: Feasibility Study
Feasibility Study September 2017 Mineral Resource Complete (275 Moz Ag Eq) May 2018 Ore Reserve Complete (97 Moz Ag Eq) June 2018 2018/2019 Feasibility Study Complete EIS and Approvals 11
Slide 12: Feasibility Study Complete
Feasibility Study Complete Physical Metrics Unit Value Production Life Years 16 Ore Mined Mt 29.9 Waste Mined Mt 48.2 W:O Strip Ratio x 1.6 Ag Recovered in Concentrate Moz 52.91 Zn Recovered in Concentrate kt 108.0 Pb Recovered in Concentrate kt 79.3 Financial Metrics AUD M USD M Revenue 1,899.5 1,4
Slide 13: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System 13
Slide 14: Regional Geology
Regional Geology • The Ordovician Macquarie Arc/Lachlan Fold Belt of Eastern Australia contains preserved porphyry volcanic arc environments. • Macquarie Arc of NSW contains world-class; – Cadia/Ridgeway, – Cowal, – Northparkes and others. • The Barabolar discovery demonstrates that the eastern limb
Slide 15: Regional Geology
Regional Geology • Extensive tenement holding (2007 km2 = 496,000 acres) controlled by Silver Mines. • North east corner of Lachlan Fold Belt & Macquarie Arc. • Wide range of prospective deposit types over different time periods (Ordovician, Siluro-Devonian, Carboniferous and Permian). • Mineral dep
Slide 16: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System 16
Slide 17: Barabolar Project
Barabolar Project Highly Altered and Mineralised Skarn 17
Slide 18: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System • Barabolar Project area located 10 kilometres northwest of Bowdens. • 9000 x 2000 metre corridor of base-metal and precious metal soil anomalies. • Mineralised skarn mapped over 5000 by 800 metres. • Porphyry system type alteration assemblages. • Several high or
Slide 19: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System MINERALISED SKARN 19
Slide 20: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System 20
Slide 21: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System 21
Slide 22: Rock Chips
Rock Chips Prospect Silver Gold Copper Lead Zinc Molybdenum Tungsten (g/t) (g/t) (%) (%) (%) (ppm) (ppm) Bara 57 <1 0.08 1.35 0.3 2.11 0.24 Bara 75.6 <1 0.1 3.27 2.38 4.1 0.23 Bara 134 <1 0.28 7.0 0.25 200 <0.1 Bara 31.3 <1 0.07 1.08 0.85 18.5 0.27 Bara 28 <1 0.03 0.84 0.66 2.26 0.11 Bara 252 0.16 0
Slide 23: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System Bara area rock chip sample 10.3% zinc 6.39% lead 0.19% copper 252g/t silver 0.16g/t gold Sulphide breccia (Zn+Pb+Cu+Ag+Au)
Slide 24: Recently Discovered Cringle Prospect
Recently Discovered Cringle Prospect • Recent mapping and sampling discovers high-grade gold bearing structures at the Cringle Prospect within the Barabolar Project area. • >400 metres of strike length inferred from mapped gossanous outcrop. • Both gold and silver-rich structures identified. • Gold-
Slide 25: Geophysics Program
Geophysics Program • Induced Polarisation (IP) program (~30 line kms) completed July. • Full interpretation to be complete early August. • 3D magnetic modelling. • Potential gravity survey. Highly altered mineralised skarn 25
Slide 26: Chargeability – Initial view
Chargeability – Initial view Highly altered mineralised skarn 26
Slide 27: Chargeability – Initial view
Chargeability – Initial view • Chargeability anomalies inferred to represent sulphide accumulations. • Very high chargeability responses beneath zones of significant copper – zinc – silver in soils. • Coincident with surface mineralisation and mapped skarn and quartzolite units. • From surface to be
Slide 28: Work Program
Work Program Work Program • Geological and structural to expand to the west. • Soil program highlighting extensive Cu-Mo-Zn-Ag-Au anomalism to be expanded to the west. • Induced Polarisation (IP) program (~30 line kms) complete. • Full interpretation completed. • 3D magnetic modelling. • 7500 metres
Slide 29: Anthony McClure, Managing Director
Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 29
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