Andean Silver Limited · ASX:ASL
Andean Silver — RRS Gold Coast Conference (September 2024)
31 slides from Andean Silver's conference presentation, Sep 3, 2024
Slide 1: Exploring and Developing the Next Generation of Silver Projects
For personal use only Exploring and Developing the Next Generation of Silver Projects September 2024
Slide 2: Disclaimers
DISCLAIMERS This presentation has been prepared by Andean Silver Ltd (ACN 645 578 454) (Company) based on information from its own and third party sources and is JORC CODE not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, dispatch o
Slide 3: Takeaways
For personal use only Takeaways Shallow high-grade silver and gold project Scale – already doubled in size and more to come Infrastructure in place ready to go Newsflow rich – Resource updates + drilling results Chilean Support – local employment & govt support Favoured Commodities – Supply deficits
Slide 4: Board and Management
Board and Management Proven Leadership Team in the Resource Sector For personal use only Ray Shorrocks Tim Laneyrie Non-Executive Chair Chief Executive Officer Previous Chair of Bellevue Gold, immediate past Non- Previously holding senior positions with Northern Star Executive Chair of FireFly Metal
Slide 5: Investment Highlights
Investment Highlights Upside Resources & Mines Infrastructure For personal use only Rapid Low-Cost Growth Shallow High-Grade Silver-Gold A$150M of Infrastructure and through the Drill Bit with Multiple Mining Fronts Investment in Place › 2 Drill rigs on the ground, planning to increase Total indicat
Slide 6: Corporate Overview
Corporate Overview Capital Structure Tight Capital Structure with Strong Support For personal use only ASX Code ASL Current Share Price4 Market Capitalisation4 Cash Position2 Shares on Issue 114.9M A$ ~A$ A$ Options & Performance Rights3 36.6M 0.92 106M 10.5M Top 20 Shareholders1 37% Cerro Bayo Pega
Slide 7: Silver – Powering The Future
Silver – Powering The Future 1400 1800 For personal use only Moz Silver (Vault Stocks) 1600 Moz SIlver (Demand) 1200 1400 Photovoltaics 1000 1200 Electrical Applications (~20g of Silver per KW) 800 1000 (19% of Silver use in Electrical Circuits) 600 800 600 400 400 200 200 Future Technology Value 0
Slide 8: Chile – A World Class Endowment
Chile – A World Class Endowment Deseado Massif World-Class Province Globally Significant Metals Producer For personal use only 1st 2nd 2nd 4th Copper Lithium Molybdenite Silver (~23%) (~24%) Investment by Major Companies SQM – Lithium | Codelco – Copper | Antofagasta – Copper Glencore – Copper & Mol
Slide 9: Infrastructure Overview
INFRASTRUCTURE OVERVIEW Crusher SAG MILL BALL MILL VERTI MILL FLOAT CIRCUIT For personal use only 6.5MW installed, 3 x 1MW spare ASX CODE: Crusher Mill Offices Assay lab Stores/HV workshop ASL
Slide 10: Laguna Verde District
Laguna Verde District 50Moz AgEq Resource and Growing For personal use only Major mineralized system, multiple untested veins Veining extending over 16km2 Relatively shallow – Deepest drilling ~300m Multiple untested targets System not closed off Taitao South untested vein rock chips and channels ›
Slide 11: High Grade Base Feed - Taitao
High Grade Base Feed - Taitao › JORC Inferred Resource of 3.8Mt @ 206g/t AgEq for 24.7Moz AgEq For personal use only › Open pit broad breccia target zone with high grade underground feeder veins › Proximal to the processing facility, shallow, continuous › Form the core of the base load for future re
Slide 12: Delia Se – High Grade and Accessible
Delia Se – High Grade and Accessible For personal use only High grade feed to complement Open pit Base load Vein width typically up to 4m Current Resource OPEN to the south and down plunge Resource contained in top 300m Number of high-grade veins parallel and oblique to Delia not in curren
Slide 13: Coyita Vein – Rapid Value Growth
Coyita Vein – Rapid Value Growth High grade feed to complement Open pit For personal use only Base load Exceptional grades underpin a high value resource Coyita veins over 1.3km of strike Access to Coyita Nth vein via the established Coyita Decline Coyita Sth can be rapidly accessed by the
Slide 14: Pegaso – Growing a Significant Resource
Pegaso 7 – Growing a Significant Resource Maiden Drill Campaign extended know mineralisation to 600m For personal use only Surface mineralisation extends over 1km in strike Maiden resource on Pegaso 7 progressing Future mining scenario would be a combined Open Pit and Underground scenario Significan
Slide 15: Cerro Bayo – Under Explored for Years
Cerro Bayo – Under Explored for 20 Years For personal use only Historic Production of 48.3Moz AgEq District scale project area Extensive Surface outcrop veins discovered New discoveries still being made Raul West vein high-grade rock chips › 2,090 g/t Silver & 17.3 g/t Gold › 1,464 g/t Silver & 15.8
Slide 16: Droughtmaster corridor – Emerging District
Droughtmaster corridor – Emerging District For personal use only Underexplored Extensive System Extensive Surface outcrop over 4km Strike Discovery of new high grade vein trends 40% of corridor under cover = future discoveries? Sits within a large graben structure High grade vein high-grade rock chi
Slide 17: Droughtmaster Corridor Structures
Droughtmaster Corridor Structures Veta Veta For personal use only Percheron Madre Segunda Veta Madre Percheron Vein Raul West Vein ASX CODE: Untested at depth 2m @ 291g/t AgEq 0.5m @ 2,499g/t AgEq ASL
Slide 18: Catalyst Rich Month News Flow
Catalyst Rich 12 Month News Flow First 12 months of works is to create value with the drill rig. Multiple high-grade silver For personal use only and gold targets with rapid low-cost and high-grade resource growth. Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Evaluation of Historic Data Resource Growth D
Slide 19: Cerro Bayo Silver-Gold Project
Cerro Bayo Silver-Gold Project Rapid low-cost growth through the drill bit – a proven strategy for value creation For personal use only Highlights › A significant ready-to-go silver-gold mine in the Deseado Massif, Chile › A world class mining province host to Newmont, Yamana, Anglo Ashanti, McEwen
Slide 20: Appendices
APPENDICES For personal use only Appendix A - Infrastructure Overview, Resource Overview and Exploration Summary Appendix B - Silver Statistics Appendix C - Mineral Resources ASX CODE: ASL
Slide 21: New Discoveries Proximal to Mill
New Discoveries Proximal to Mill Cristal discovery within 1.5km of processing plant For personal use only Extensive vein corridor Outstanding series of outcropping veins High-grade hits include: 0.5m @ 19,856g/t AgEq (1,442g/t Silver & 221.9g/t Gold) 0.6m @ 11,965g/t AgEq (1,967g/t Silver & 120.5g/t
Slide 22: Ready to Go – A $150m Mine Infrastructure
READY TO GO A $150m Mine Infrastructure Situated 20km by road west of the mining town For personal use only of Chile Chico (population 4,000) Cerro Bayo Mine Complex Processing Facility Site Infrastructure Equipment For Restart › Over 400km2 of granted tenure › 1,650 tpd floatation plant in › 1,600m
Slide 23: Establishing Strong Social Presence
Establishing Strong Social Presence › Cerro Bayo has +25yrs of overwhelming A B local community support through For personal use only sponsorship of sporting groups, community programs and infrastructure investment › Archaeological site preservation › University of Santiago geology sponsor › Donate
Slide 24: Huge Regional Upside – Cerro Diablo
Huge Regional Upside Cerro Diablo › Cerro Diablo geological model related to HOD MADEN style Hybrid mineralization Exceptional high grade surface rock chips (VMS/intermediate sulphidation) For personal use only including: › Large Permit with high priority walk up drill targets › Polymetallic interme
Slide 25: Huge Regional Upside – Los Domos
Huge Regional Upside Los Domos Exceptional high grade surface rock chips including: For personal use only › Polymetallic intermediate sulphidation style deposit with only ~7,000m drilled to date - walk up drill targets › Los Domos covers a 10km Strike › Southern Extension to the Cerro Bayo Project =
Slide 26: Appendix A – Infrastructure Overview
APPENDIX A INFRASTRUCTURE OVERVIEW COYITA AND DELIA MINE INFRASTRUCTURE For personal use only DELIA SUR MINE COYITA NORTE MINE ASX CODE: ASL
Slide 27: Coyita Resource – Feb 2024
APPENDIX A Coyita Resource – Feb 2024 For personal use only ASX CODE: ASL
Slide 28: Delia Resource – Feb 2024
APPENDIX A Delia Resource – Feb 2024 For personal use only ASX CODE: ASL
Slide 29: Appendix B – Silver Statistics
APPENDIX B Silver Statistics For personal use only Global Silver production versus demand Major bullion vaults stocks 2020-2022 2020 2021 2022 2023 2yr_avg Mine Supply Recycling Capacity Market Demand Auditable Vault London Vaults 1080.5 1161.5 840.9 856.2 -26% Year Deficit (Moz) CME 396.5 355.7 299
Slide 30: Appendix C – Laguna Verde Project Mineral Resources
APPENDIX C Laguna Verde Project Mineral Resources 1. Mineral Resources are classified and reported in accordance with Indicated the 2012 JORC Code. For personal use only Tonnes Ag Au Silver Gold AgEq AgEq AuEq AuEq 2. Open pit resources are reported to a cutoff grade of 65g/t AgEq. Area (Mt) (g/t) (
Slide 31: For personal use only
For personal use only (+61) 8 6243 6542 Level 2/8 Richardson Street, West Perth, WA 6005 info@ANDEANSILVER.com ANDEANSILVER.COM
Andean Silver — RRS Gold Coast Conference (September 2024) on 6ix