Kuya Silver Corporation · CSE:KUYA
Kuya Silver — Investor Presentation (September 2024)
29 slides from Kuya Silver's investor presentation, September 2024
Slide 1: Developing district-scale silver projects to production
Developing district-scale silver projects to production CORPORATE PRESENTATION SEPTEMBER 2024
Slide 2: Important Notices
Important Notices This presentation does not constitute an offer to sell or a solicitation of an offer to regulations, rules, and policies relating to mining, environmental protection, water looking information or to explain any material difference between subsequent standards in Canada and are made
Slide 3: Kuya Portfolio: 2 District-Scale Silver Projects
KUYA PORTFOLIO: 2 DISTRICT-SCALE SILVER PROJECTS Silver Kings Project, Northern Ontario, Canada ~13,000 Ha located in Ontario’s most prolific silver Property: mining camp, near the historic mining town of Cobalt, Ontario Primary Target: Campbell-Crawford property, Kerr Project area EXPLORATION Devel
Slide 4: Proven Strategy - Junior to Mid Cap Silver Miner
PROVEN STRATEGY -JUNIOR TO MID CAP SILVER MINER ANIA BETH ay 4 Tod 3 2 Repetition phase: 1 Production • Go back to #2 with same flagship asset or second asset (e.g. Exploration growth expansion phase: Silver Kings) phase: • Direct capital to more • Investing in • Bigger is better: lower Initial prod
Slide 5: Silver Miners - Supercharged Valuation
SILVER MINERS –SUPERCHARGED VALUATION USD Valuation of Silver Miners based on 2023 EBITDA Profit 180,000 160,000 8X 140,000 120,000 2023 EBITDA (USD 000's) 100,000 80,000 $20 M 60,000 EBITDA At $20 M EBITDA lowest At average 40,000 multiple $400+ M multiple 20,000 Valuation Gap - 78 X - 200,000 400,
Slide 6: Kuya Silver: The Dual Track Value Creation
KUYA SILVER: THE DUAL TRACK VALUE CREATION Expand Hilltop 2nd District 3rd District Bethania Zone Carmelitas/ • 2022 resource estimate target at target at (Main (Bethania Tito PH • New vein discoveries (post Carmelitas Tito PH Zone) extension) drilling resource) • 4300+ ha district land package • Di
Slide 7: Bethania: Excellent Access and Rich History
BETHANIA: EXCELLENT ACCESS AND RICH HISTORY 50 km • Located in major silver-lead-zinc mining district in Central Peru • Access mine by road from Huancayo (major city, 500,000 inhabitants) • Daily flights from Lima to Jauja Airport (servicing Huancayo city) • Mine located near (abandoned) mining vill
Slide 8: Bethania: District-Scale Potential
BETHANIA: DISTRICT-SCALE POTENTIAL 4,300 Hectare Land Package Bethania Mine Multiple targets Carmelitas 8
Slide 9: Initial Resource
INITIAL RESOURCE Bethania Near Surface Maiden Resource – Focused on Near Mine • Resource Drilling Focused On Shallow Mineralization Proximal to Bethania Mine Workings • 63% of Indicated Silver Equivalent Resource Estimate Located Above primary production adit (4670 Level) • The resource estimate con
Slide 10: Bethania: Production and Resource Growth
BETHANIA: PRODUCTION AND RESOURCE GROWTH Bethania Mine Long Section – PEA: 350 tpd production for 7 Years from starter block (RED) 20+ sub-parallel veins Bethania Main Zone Hilltop Zone N Daniela Vein Santa Elena Vein Sample Carmen Au-Ag vein, up to 6 g/t gold at surface discovered 2022 (not in reso
Slide 11: Bethania: Production
BETHANIA: PRODUCTION DEVELOPMENT PRODUCTION ECONOMICS In Q4 Kuya completed the 1st Production commenced and All-in-sustainable cost tranche strategic investment being stockpiled at site $9.85/oz equivalent in PEA investment from Trafigura (first 18 months) and off take agreements.. Toll milling to b
Slide 12: Española Vein - Production Started
ESPAÑOLA VEIN - PRODUCTION STARTED Production adits 1 Ramp/winch (640 level and below) 2 Horizontal adit (670 level and above) 1 2 LVL 670 LVL 640 Española vein is the focus for the commencement of production - Yellow star marks first location for exploitation on 640 level, production on 670 level t
Slide 13: Española + Expanding to Other Veins
ESPAÑOLA + EXPANDING TO OTHER VEINS Upper level in LVL 670 Production Front LVL 640 13
Slide 14: Development & Production Timeline (2024-25)
DEVELOPMENT & PRODUCTION TIMELINE (2024-25) Underground Production from reconditioning the 3 main veins Including: (12 de Mayo, • Galleries Espanola and • Declined Victoria) and • Mining Cruise reaching 100tpd in • Mine raise by year end PHASE 1 PHASE 2 Phase 3 Phase 4 Start of the ramp Completion o
Slide 15: Bethania: District-Scale Potential
BETHANIA: DISTRICT-SCALE POTENTIAL 4,300 Hectare Land Bethania Mine Package Multiple targets Carmelitas 15
Slide 16: Tito PH - A New Discovery South of Bethania Mine
TITO PH -A NEW DISCOVERY SOUTH OF BETHANIA MINE TITO PH TARGET • Tito PH, is located 1.5 km south of the Bethania Mine and hosts at least 6 mineralized veins. • A single vein was traced for 630 m in length and remains open along strike: • Up to 2,085 g/t Ag Eq in samples with 12 of 39 reporting more
Slide 17: Significant Growth Potential Carmelitas Properties
SIGNIFICANT GROWTH POTENTIAL CARMELITAS PROPERTIES Located ~3 km from the Bethania Mine. Potential strike extension to high – grade silver-polymetallic vein system at Bethania Combined strike length of mapped veins over 1.1km (similar to Bethania Main + Hilltop combined) Discovery of Carmelitas Nort
Slide 18: The Silver Kings Project
THE SILVER KINGS PROJECT Silver-Cobalt District with World-Class History • The ~13,000 hectare land package in NE Ontario is located within the historic Cobalt, Ontario silver mining district • Approximately 1/6 of total silver production from the Cobalt and Silver Centre mining camps was produced f
Slide 19: The Kerr District at Silver Kings
THE KERR DISTRICT AT SILVER KINGS The Kerr District at Silver Kings • Property Includes eight historic silver mines (Crown Reserve, Silver Leaf, Kerr Lake, Drummond, Hargrave, Silverfields and others.) on a contiguous 900+ hectare area. – Mines produced over 60 million ounces of silver between 1905
Slide 20: Angus Vein Discovery
ANGUS VEIN DISCOVERY Phase 1 & 2 drilling at Campbell-Crawford intersected bonanza grade mineralization - 15,372 g/t silver over 3.34 m (hole 23-SK-08) - 2,424 g/t silver over 2.49 m (hole 23-SK-13) - 2,180 g/t silver over 0.40 m (hole 23-SK-26) - 12,200 g/t silver over 0.40 m (hole 23-SK-31) 20
Slide 21: Phase 2 Drilling: Campbell-Crawford & Airgiod
PHASE 2 DRILLING: CAMPBELL-CRAWFORD & AIRGIOD A NEW Blind Discovery at the Airgiod Target Area Moran Vein discovery made at the Airgiod target area, 250 m northwest of original Angus Vein intersection Drill hole Intersected 249 g/t Silver, 1.64% Cobalt (863 g/t AgEq*) over 0.40 m. This is the first
Slide 22: 2 Projects Perfectly Situated Along the Lassonde Curve
2 PROJECTS PERFECTLY SITUATED ALONG THE LASSONDE CURVE Risks Fluctuating commodity prices Funding risk Technical Risk High Exploration Risk Value Discovery There is a tipping point in This is most likely the time when exploration when drilling amounts people outside of the mining industry to a real
Slide 23: Share Structure
Shares Outstanding 104,501,729 SHARE STRUCTURE Market Capitalization (June 24th, 2024) ~C$38.5 Million Warrants 43,428,237 Options and RSUs 4,497,300 Public Float/Other Fully Diluted 152,427,266 69% Significant Shareholders Management 10.8% 10.8% 6.8% Kuya Advisory Team 5.8% 8.5% 5.8% Crescat Capita
Slide 24: Management & Directors
MANAGEMENT & DIRECTORS David Stein, MSc (Geo), CFA Mr. Stein founded Kuya Silver in 2017 to acquire the Bethania Silver Mine and develop the next silver mining company. Mr. Stein has spent most of his 20-year career in mining investments, first as a sell-side analyst and more recently as an investme
Slide 25: Start your journey at www.kuyasilver.com
@KuyaSilver KuyaSilverCorp Follow Kuya Silver Kuya-Silver Email our team at Start your journey at info@kuyasilver.com www.kuyasilver.com for more information
Slide 26: Appendix: Bethania PEA Highlights (Updated 2023)
APPENDIX: BETHANIA PEA HIGHLIGHTS (Updated 2023) Value: • Base case ($25.40/oz silver price) Pre-Tax NPV (5%) of $77.8 Million and IRR of 227% • Base case ($25.40/oz silver price) After-Tax NPV (5%) of $54.7 Million and IRR of 188% • After-tax cash flow of $18.04 Million in first full year of produc
Slide 27: Appendix: Bethania Mine - Permitted Mill Layout
APPENDIX: BETHANIA MINE - PERMITTED MILL LAYOUT 27
Slide 28: Appendix: Advisory Team
APPENDIX: ADVISORY TEAM Dr. Quinton Hennigh Erika Soria Hector Aramayo Geologic Advisor (Exploration Strategy) Advisor (Logistics/Business Development) Technical Advisor (Construction/Engineering) Dr. Hennigh is an economic geologist with more Ms. Soria is the former owner of the Bethania Mr. Aramay
Slide 29: Appendix: Key Assumptions and Other Notes
APPENDIX: KEY ASSUMPTIONS AND OTHER NOTES Bethania PEA Key Parameters 1. The Bethania PEA envisages a 350-tonne-per-day (“tpd”) conventional cut and fill underground mine feeding a concentration plant that would process mineralized material at the same rate (126,000 tonnes per year) over a mine life