Aya Gold & Silver Inc. · TSX:AYA

Aya Gold & Silver — Investor Presentation (September 2021)

19 slides from Aya Gold & Silver's investor presentation, September 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

    The mineral resource estimate for the Zgounder Silver Mine was prepared by continue to access capital markets for the funding necessary to acquire and FORWARD Dr. Marc-Antoine Audet, Ph.D. P. Geo, who serves as the Qualified Person as maintain exploration properties and to carry out its desired expl

  3. Slide 3: Aya Board

    Benoit La Salle, FCPA, CPA Nikolaos Sofronis AYA President & CEO, Director Benoit has over 25 years of experience as a corporate executive in the Director Nikolaos is founder of BS Family Office Assets Management S.A BOARD mining industry. Benoit founded, developed and led SEMAFO into a 250,000 oz g

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

    Portfolio of Assets Backstopped by Producing Zgounder Silver Mine • Turnaround near-complete with record Ag production and CF of 439K and $5.5M, respectively in Q2-2021 • Plant availability >90%, recoveries >80% • 7 new permits granted including 5 permits within Zgounder Regional area in Q2-2021 Zgo

  5. Slide 5: Zgounder Quarterly Performance and Recoveries

    Zgounder Quarterly Performance and Recoveries 82.8% 500,000 78.9% 82% 90 Record Quarterly Production in Q2-2021 450,000 80 400,000 62.6% • Q2-2021 Ag production up 219%, grade up 37%, and mill 61.7% 70 recovery up 24% Y-o-Y 350,000 60 Recoveries (%) Production (oz) 300,000 45.6% • Successful four-da

  6. Slide 6: Capital Structure and Key Data

    CAPITAL STRUCTURE 1 Shares outstanding² 97.1 million Fully diluted3 108.8 million • Healthy balance sheet with US$36.9M in cash and cash equivalents Share price (C$)¹ $10.00 • Tight capital structure with >55% of the shares controlled between 52-week high/low (C$) $11.85/$2.27 management, insiders,

  7. Slide 7: Morocco – Top Quartile Low-Risk Mining Jurisdiction

    +8Moz Ag +70% PRODUCED IN OF AFRICA’S 2019 Ag PRODUCTION • Politically stable: Constitutional monarchy • Excellent & modern infrastructure: Extensive national grid and road network • Abundance of highly skilled workforce: Morocco is an important producer of phosphate as Morocco – Top Quartile Low-Ri

  8. Slide 8: Zgounder, Imiter bis and Other Exploration Projects

    Zgounder Mine (silver production) - Morocco • 85% ownership (dilution option up to 100% ownership once 8M oz Ag produced) • 2021 production guidance of 1.2M oz Ag and expanding to +5M oz Ag Imiter bis (exploration next to Managem’s Imiter Mine) - Morocco • 4,000 meters of diamond drilling planned in

  9. Slide 9: Zgounder Silver Mine

    ZGOUNDER SILVER MINE Silver Ag x

  10. Slide 10: Top Global Primary Silver Intercepts 2020 and 2021 YTD

    Top 50 global primary silver intercepts 2020 and 2021-Ytd, ranked by Ag grade-thickness Zgounder, 1 43,819 Zgounder, 2 41,841 Keno Hill, 3 41,276 Diablillos, 4 40,028 Zgounder, 5 37,384 Zgounder, 6 35,597 Castle, 7 31,846 Las Chispas, 8 31,549 Silver Sand, 9 29,329 Castle, 10 29,038 • Zgounder hit 3

  11. Slide 11: Strong 2020/2021 Drill Results

    Zgounder Top 50 all-time drill intercepts, ranked by Ag grade-thickness 1 3,043gpt over 14.4m 2 6,437gpt over 6.5m 3 9,346gpt over 4.0m 4 4,944gpt over 7.2m 5 2,376gpt over 13.2m 6 1,494gpt over 18.6m 7 3,464gpt over 8.0m 8 3,674gpt over 7.2m 9 1,905gpt over 12.0m 10 5,270gpt over 4.0m Strong 2020/

  12. Slide 12: Zgounder Silver Mining & Brownfield Exploration

    ZGOUNDER SILVER MINING & BROWNFIELD EXPLORATION TSX| AYA Cross-sectional'view looking:this way

  13. Slide 13: M&I Resources Increase by 340%

    Area ¹ Classification Cut-Off (Ag g/t) Tonnes (k) Ag (g/t) Ag (k oz) Measured 70 534 301 5,158 M&I Resources Increase by 340% Pit-Constrained Indicated 70 150 190 916 • M&I resources increased to 44.4M oz Ag, a 340% increase M&I 70 684 277 6,074 relative to February 2018 • Measured mineral resources

  14. Slide 14: Location of DDH Results on Zgounder from Surface and Underground Drilling

    Location of DDH Results on Zgounder from Surface and Underground Drilling 41,000 Meter Drill Program in 2021; 38,700 Meters YTD • Results confirm high-grade mineralization along strike and at depth with a 75-meter step out to the east • Top 2021 silver intercepts ranked by grade-thickness: • 3,043 g

  15. Slide 15: Zgounder M&I Resources Increase by 340%

    Measured and Indicated Mineral Resources at Zgounder with 2018-2020 Drill Holes Zgounder M&I Resources Increase by 340% • The updated resource estimate incorporates drilling carried out between February 2018 and the end of 2020. • In 2020, an intensive drilling program totalling 284 diamond drill ho

  16. Slide 16: 2021 Proposed Surface and Underground Drilling Testing Potential

    Measured and Indicated Mineral Resources with 2021 Proposed Surface and Underground Drilling Testing Potential Target Area 35,000 Meter Drill Program on Mine Permit in 2021 • Aim is to identify new near-mine resources and convert M&I resources into a maiden reserve for Zgounder in support of the yea

  17. Slide 17: Hyperspectral Imaging Map - MTMF Sentinel-2

    Hyperspectral Imaging Map - MTMF Sentinel-2 • Strong spectral signal within existing permits and surrounding regional play TSX | AYA Spectral signatures similar to old mine workings and to remains of the Zgounder Mine (Sentinel-2 data) 17

  18. Slide 18: Ongoing optimization of operations and 2021 objectives

    • Ongoing optimization of operations – focus on generating cash flow, improving efficiencies and safety • Continue exploration drilling on Zgounder with the aim of increasing Ag resources and delivering a maiden reserve • Deliver 2,700 tpd Ag expansion feasibility study in Q4 2021 • Complete +50,000

  19. Slide 19: 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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