Aya Gold & Silver Inc. · TSX:AYA
Aya Gold & Silver — Precious Metals Conference November 2021
24 slides from Aya Gold & Silver's conference presentation, November 2021
Slide 1: Building Africa's Next World Class Mining Company
BUILDING AFRICA’S NEXT WORLD CLASS MINING COMPANY x
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
Slide 3: Management Team
Benoit La Salle, FCPA, CPA Mustapha Elouafi MANAGEMENT President & CEO Benoit has over 25 years of experience as a corporate executive in the President-General Manager Mustapha is an established mining executive with almost 30 years in TEAM mining industry. Benoit founded, developed and led SEMAFO i
Slide 4: 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
Slide 5: Portfolio of Assets Backstopped by Producing Zgounder Silver Mine
Portfolio of Assets Backstopped by Producing Zgounder Silver Mine • Annual production guidance has been increased 29% to 1.55M oz Ag for 2021 • Plant availability ~90%, recoveries >80% • Seven new permits granted including 5 permits within Zgounder Regional area in Q2-2021 Zgounder Silver Mine Offer
Slide 6: Zgounder Quarterly Performance and Recoveries
Zgounder Quarterly Performance and Recoveries 82.8% 81% 500,000 78.9% 82% 90 2021 guidance increased on back of strong production 450,000 80 400,000 62.6% • Production guidance raised by 29% to 1.55M oz Ag 61.7% 70 350,000 60 • Q3-2021 Ag production up 198%, grade up 12%, and Recoveries (%) Producti
Slide 7: Capital Structure and Key Data
CAPITAL STRUCTURE 1 Shares outstanding² 103.9 million Fully diluted3 115.7 million • Healthy balance sheet with US$88M in cash and cash equivalents Share price (C$)¹ $9.12 • Tight capital structure with >55% of the shares controlled between management, insiders, and long-term EU-based shareholders 5
Slide 8: 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
Slide 9: Portfolio of Projects in Morocco and Mauritania
Zgounder Mine (silver production) – 2021 – Morocco • 85% ownership (dilution option up to 100% ownership once 8M oz Ag produced) • 2021 production guidance increased to 1.55M oz Ag and expanding to +6M oz Ag in 2024 • Recent expansion of 2021 exploration by 20% to 42,000m Imiter bis (exploration) –
Slide 10: Zgounder Silver Mine
ZGOUNDER SILVER MINE Silver Ag x
Slide 11: Regional Geology and Mineralization
Regional Geology and Mineralization Boumadine • Zgounder is an epithermal vein deposit in the Anti-Atlas Zgounder mountains where Ag occurs in its free elemental form • Ag is contained in vertical columns, complex clusters, shear zones, veinlets and cross-directional fractures • Geological formation
Slide 12: 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 Filo del Sol, 5 38,915 Zgounder, 6 37,384 Zgounder, 7 35,597 Keno Hill, 8 34,240 Castle, 9 31,846 Las Chispas, 10 31,549 • Zgounder h
Slide 13: 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 2,417gpt over 12.0m 7 1,494gpt over 18.6m 8 3,464gpt over 8.0m 9 3,674gpt over 7.2m 10 3,272gpt over 7.2m Strong 2020/
Slide 14: Zgounder Silver Mining and Brownfield Exploration
ZGOUNDER SILVER MINING & BROWNFIELD EXPLORATION TSX| AYA Cross-sectional'view looking:this way
Slide 15: 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
Slide 16: Location of DDH Results on Zgounder
Location of DDH Results on Zgounder from Surface and Underground Drilling 42,000 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
Slide 17: 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
Slide 18: 42,000 Meter Drill Program on Mine Permit in 2021
Measured and Indicated Mineral Resources with 2021 Proposed Surface and Underground Drilling Testing Potential Target Area 42,000 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
Slide 19: Regional Permits and Copper Porphyry Potential
• 13 permits including 5 permits added in Q2-2021 • 2020 surface geological investigation of four areas where satellite imagery had indicated similarity in alteration patterns • Grab samples including 20% Cu within volcanics and potential for large copper porphyry TSX | AYA 19
Slide 20: Hyperspectral Imaging Map - MTMF Sentinel-2
Hyperspectral Imaging Map - MTMF Sentinel-2 • Strong spectral signal within existing permits and surrounding regional play • Identify opportunities in and outside our permits • Effigis to study the Zgounder region for opportunities TSX | AYA Spectral signatures similar to old mine workings and to re
Slide 21: Imiter bis Project - 100% owned
Imiter bis Project - 100% owned • 4-km potential strike at surface polymetallic structure located on Morocco’s sub-Atlas range, 5 km south of the world-class Imiter Silver Mine • June-July 2021 – Mapping, grab sampling and channel sampling • Potential for an epithermal Au-Ag occurrence, a porphyry o
Slide 22: Tijirit Gold Project in Mauritania - 75% owner-operator
Tijirit Gold Project in Mauritania - 75% owner-operator • A high-grade gold project in pro-mining jurisdiction with a 26-year mine permit covering 150 km² • May 2021 mineral resource update • M&I resources at Eleonore increased by +127% to 214.7 K oz • Eleonore remains open along strike and at depth
Slide 23: Upcoming Priorities and Milestones
• 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 +55,000
Slide 24: 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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