Aya Gold & Silver Inc. · TSX:AYA
Aya Gold & Silver — BMO Conference 2021
22 slides from Aya Gold & Silver's conference presentation, October 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
FORWARD The mineral resource estimate for the Zgounder Silver Mine was prepared by Dr. Marc-Antoine Audet, Ph.D. P. Geo, who serves as the Qualified Person as defined desired exploration programs; difficulties in executing exploration programs according to the Corporation’s proposed schedules and wi
Slide 3: Aya Board
AYA Benoit La Salle, FCPA, CPA President & CEO, Director Nikolaos Sofronis Director BOARD Benoit has over 25 years of experience as a corporate executive in the mining Nikolaos is founder of BS Family Office Assets Management S.A Geneva, industry. Benoit founded, developed and led SEMAFO into a 250,
Slide 4: 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 in 2021 • Plant availability ~90%, recoveries >80% • Seven new permits granted including 5 permits within Zgounder Regional area in Q2-2021 Zgounder Silver Mine Produc
Slide 5: Zgounder Quarterly Performance and Recoveries
Zgounder Quarterly Performance and Recoveries 500,000 82.8% 81% 90 78.9% 82% 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 in 2021 61.7% 70 350,000 60 • Q3-2021 Ag production up 198%, grade up 12%, and Recoveries (%)
Slide 6: Capital Structure and Key Data
CAPITAL STRUCTURE 1 Shares outstanding² 103.9 million Fully diluted3 115.7 million • Healthy balance sheet with US$85M in cash and cash equivalents Share price (C$)¹ $9.12 • Tight capital structure with >55% of the shares controlled between management, insiders, and long-term EU-based shareholders 5
Slide 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 well as Morocco – Top Quartil
Slide 8: Zgounder Mine, Imiter bis and Other Assets
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 9: Zgounder Silver Mine
ZGOUNDER SILVER MINE Silver Ag x
Slide 10: 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 11: 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 41,841 Keno Hill, 3 41,276 40,028 Filo del Sol, 5 38,915 37,384 Zgounder, 7 35,597 34,240 Castle, 9 31,846 31,549 • Zgounder hit 2 out of the top 5 and 17 out of the top 50 Silver Sand, 11 29,3
Slide 12: Strong 2020/2021 Drill Results
Zgounder Top 50 all-time drill intercepts, ranked by Ag grade-thickness 1 3,043gpt over 14.4m 6,437gpt over 6.5m 3 9,346gpt over 4.0m 4,944gpt over 7.2m 5 2,376gpt over 13.2m 2,417gpt over 12.0m 7 1,494gpt over 18.6m 3,464gpt over 8.0m 9 3,674gpt over 7.2m 3,272gpt over 7.2m Strong 2020/ 2021 Drill
Slide 13: Zgounder Silver Mining & Brownfield Exploration
ZGOUNDER SILVER MINING & BROWNFIELD EXPLORATION “Cross-sectional view ee looking:this way TSK | AYA
Slide 14: 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 15: 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 16: Measured and Indicated Mineral Resources with 2018-2020 Drill Holes
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 17: M&I Resources with 2021 Proposed Drilling Testing Potential
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 18: Regional Exploration 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 18
Slide 19: 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 20: 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, five kilometers south of the world-class Imiter Silver Mine • H1 2021 – compilation of historical surface data • June-July 2021 – Mapping, grab sampling and channel samplin
Slide 21: 2021 Priorities
• 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 +55,00
Slide 22: 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