Silver Mines Limited · ASX:SVL
Silver Mines — RIU Sydney Conference (May 2019)
28 slides from Silver Mines's conference presentation, May 2019
Slide 1: Corporate Presentation May 2019
Corporate Presentation May 2019
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 698.0m Options Current Share Price A$0.044 Sept 2021 @ $0.06 98.6m Undiluted Market Capitalisation A$30.7m Jun 2019 @ $0.30 9.0m Cash A$2.5m 3 year milestone @ $0.20 5.0m Directors Institutional Shareholders Keith Perrett, Chair
Slide 5: Quality Jurisdiction - New South Wales, Australia
Quality Jurisdiction - New South Wales, Australia • New South Wales, Australia a quality jurisdiction. • Major minerals projects in the state include; Cadia/Ridgeway, Newcrest (650,000oz Au, 65,000t Cu pa). Cowal, Evolution (260,000oz Au pa). Northparkes, CMOC (60,000t Cu, 50,000oz Au pa). P
Slide 6: Bowdens Silver – A Major Asset
Bowdens Silver – A Major Asset Gold : Silver Ratio Since 2000 • 100% owned. 90 • Mineral Resource 275 Moz Ag Eq 80 • One of the largest undeveloped silver deposits 70 in the world. 60 LT Average: 63x • Feasibility complete. 50 • EIS to be submitted mid-2019 along with 40 application for development
Slide 7: Barabolar Project Unlocking a Major Mineralised System
Barabolar Project Unlocking a Major Mineralised System Highly Altered and Mineralised Skarn 7
Slide 8: Regional Geology
Regional Geology • Extensive tenement holding (2007 km2 = 496,000 acres) controlled by Silver Mines. • Northeast corner of Lachlan Fold Belt & Macquarie Arc. • Wide range of prospective deposit types over different time periods (Ordovician, Siluro-Devonian, Carboniferous and Permian). • Mineral depo
Slide 9: 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 10: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System MINERALISED SKARN 10
Slide 11: Geophysics Program
Geophysics Program • Induced Polarisation (IP) program (~30 line kms) completed. • Full interpretation completed. • 3D magnetic modelling. • Potential gravity survey. Highly altered mineralised skarn 11
Slide 12: Cringle and Kia Ora West Prospects
Cringle and Kia Ora West Prospects Barabolar Project Gossanous Structures High Grade Gold/Silver/Zinc/Lead 12
Slide 13: 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. • >500 metres of strike length inferred from mapped gossanous outcrop. • Both gold and silver-rich structures identified. • Gold-
Slide 14: Cringle Prospect
Cringle Prospect • Initial drilling of 7 RC holes plus 5 optioned RC holes for 2,400 metres. • Multi purpose rig on site. Can move to diamond drilling to extend RC holes. • Arsenic anomalies coincident with structure and gold and silver mineralisation. • Two new anomalies to North and Northwest of m
Slide 15: Kia Ora West Prospect
Kia Ora West Prospect • Porphyry target, western side of mineralised skarn coinciding which strong IP anomalism. • High priority porphyry HIGH ORDER copper/gold target “BULLSEYE” IP ANOMALY • Plunging IP target with BP001 drill hole targeting to 50 metres and below. • BP046 targeting IP anomaly belo
Slide 16: Barabolar Program
Barabolar Program • Drilling commenced April 2019. • All approvals received at Cringle and Kia Ora West. • 9 initial RC drill holes for 1800 metres (7 Cringle / 2 Kia Ora West). • 5 further optioned RC holes for 1000 metres. • Potential diamond tail drilling (~1000 metres). • Further definition of n
Slide 17: Looking Forward
Looking Forward • Barabolar is an outstanding exploration play o Geological and structural to expand to the west. o Soil program highlighting extensive Cu-Mo-Zn-Ag-Au anomalism to be expanded to the west. o Induced Polarisation (IP) program (~30 line kms) complete. o Full interpretation completed. o
Slide 18: Anthony McClure, Managing Director
Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 18
Slide 19: Appendices
19 Appendices “a, SI / MINES LIMITED
Slide 20: 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 21: Site Geology
Site Geology 163 Moz Ag 275 Moz Ag Eq 21
Slide 22: Bowdens Silver Feasibility Study
Bowdens Silver Feasibility Study September 2017 Mineral Resource Complete (275 Moz Ag Eq) May 2018 Ore Reserve Complete (97 Moz Ag Eq) June 2018 2019/2020 Feasibility Study Complete EIS and Approvals 22
Slide 23: Appendix 1 – Bowdens Silver Resource
Appendix 1 – 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 14
Slide 24: Appendix 2 - Bowdens Silver Resource
Appendix 2 - Bowdens Silver Resource (as at September 2017) Cut off g/t Ag Eq Tonnes Silver Eq. Silver Zinc Lead Million Million (Mt) (g/t) (g/t) (%) (% ) Ounces Ounces Silver Silver Eq. 0 397.2 30.7 17.6 0.18 0.12 225 392 10 261.7 43.7 25.2 0.26 0.17 212 368 20 185.2 54.6 31.7 0.32 0.21 189 325 30
Slide 25: Bowdens Silver Resource
Bowdens Silver Resource 200 180 160 140 Grade (g/t) 80 60 40 20 25 120 Bowdens Silver Project Grade Tonnage Curve September 2017 100 Cut Off Grade 2a 60 30 30 —eSilver Equivalent —Silver 20 40 60 80 100 120 Tonnes (Mt) 140 Y»y SILVER MINES LIMITED
Slide 26: Appendix 3 - Silver Mines Resource Inventory
Appendix 3 - Silver Mines Resource Inventory Deposit name Tonnes Silver Eq. Silver Silver Silver Eq. Status (Mt) (g/t) (g/t) (Moz) (Moz) Bowdens Silver 128 67 40 163 275 100% owned Webbs1 1.5 345 245 11.7 16.5 100% owned Conrad1 2.6 206 105.4 9.0 17.5 100% owned Total 184 309 1. For further informat
Slide 27: Appendix 4 – Bowdens Silver Reserve
Appendix 4 – 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
Slide 28: Competent Persons Statements
Competent Persons Statements Ore Reserve The information in this report that relates to Ore Reserves within the Bowdens Silver Project is based on information compiled or reviewed by Mr Adrian Jones of AMC Consultants Pty Ltd who is a consultant to the Company. Mr Jones is a member of the Member of