Apollo Silver Corp · TSXV:APGO
Apollo Silver — Investor Presentation (August 2025)
23 slides from Apollo Silver's investor presentation, August 2025
Slide 1: Investor Presentation
Investor Presentation August 2025 TSX-V OTCQB FSE apollosilver.com APGO APGOF 6ZF0
Slide 2: Forward Looking Statements
CAUTIONARY NOTE This presentation includes “forward-looking statements” and “forward-looking of mining operations, tax rules and regulations, and political and economic Forward Looking information” (collectively, “forward-looking statements”) within the meaning of developments in the United States o
Slide 3: Cautionary Note: Resource Estimate Information
CAUTIONARY NOTE Information Concerning Calico Resource Estimate Information Concerning Cinco de Mayo Historical The Calico Silver Project 2023 Mineral Resource Estimate (“2023 MRE”) has been prepared by Derek Loveday, P. Resource Estimates Geo., of Stantec Consulting Services Ltd. (“Stantec”), an in
Slide 4: Apollo Silver Snapshot
Apollo Silver Snapshot One of the largest District scale Geared for primary silver silver project Rapid growth projects in the US in Mexico Calico Project hosts 110Moz Ag Cinco de Mayo Project is one of Team with deep of Measured & Indicated plus the crown jewels of Mexico’s technical and capital 51
Slide 5: Operating in two mining-friendly jurisdictions
LOCATION Operating in two mining-friendly jurisdictions Calico Project • Pro-mining jurisdiction with SAN BERNARDINO COUNTY, a long history of production CA, USA in the region • Strong local support • Federal government focus on domestic mineral supply at all-time high Cinco de Mayo • Pro-mining jur
Slide 6: Calico Project
Calico Project SAN BERNARDINO COUNTY, CA, USA 3,409 ha contiguous claims along the mineralized Calico Fault System Large, near surface silver resource MEASURED & INDICATED INFERRED 110 Moz Silver 51 Moz Silver at 100 g/t Ag¹ ² at 81 g/t Ag¹ ² 1 2 3 4 Optimal Potential for significant Multiple deposi
Slide 7: Optimal Development Path
CALICO PROJECT Optimal Development Path Optimal Footprint and Bulk Minable: Continuous, shallow depth mineralization and low strip ratio of 1.1:1 at Waterloo deposit supports highly efficient open pit operation Advantageous Permitting Path: Primarily located on private lands with vested mining right
Slide 8: Resource Development, Expansion and Regional Targets
CALICO PROJECT Resource Development, Expansion and Regional Targets Development drilling at Langtry and Waterloo MULE Regional Exploration Multiple expansion and regional exploration targets Historic sampling at recently acquired Mule claims returned prospective, high-grade silver and gold results 8
Slide 9: Potential for significant critical mineral credits
Potential for significant critical mineral credits About Barite Barite credits at Calico project Placed on the US Critical Mineral list Historical mineral estimate* in 2023 for in-ground barite at Waterloo: 33.9 Mt of barite mineralized rock Essential for domestic applications in at a 13.4% barite g
Slide 10: Potential for High-Grade Gold at Calico
CALICO PROJECT Potential for High-Grade Gold at Calico Waterloo silver-gold deposit at Calico includes 70,000 Au in 4.5 Mt at an average grade of 0.5 g/t Au1 Proximal to the historic Burcham mine (historic public articles reported grades up to 0.31 ounces per ton – 9.7 g/t) Historical work and recen
Slide 11: Potential Timeline for Upcoming Catalysts
CALICO PROJECT Potential Timeline for Upcoming Catalysts Q3 2025 Q4 2025 Q1 2026 Q2 2026 UPDATE RESOURCE ESTIMATE EXPLORATION DRILL PROGRAM GEOTECHNICAL / METALLURGICAL DRILL PROGRAM PEA STUDY 11 apollosilver.com
Slide 12: Cinco De Mayo Project
Cinco De Mayo Project CHIHUAHUA MEXICO Located along NW-SE trend host to world’s largest Carbonate CINCO DE Replacement Deposits (CRD) MAYO CRD’s are large tonnage, high grade and with a small environmental footprint: Rich in Silver and Base Metals (Ag, Zn, Pb, Cu) Often >300g/t Ag Eq 10M to >100M T
Slide 13: A textbook CRD deposit
CINCO DE MAYO PROJECT A textbook CRD deposit Upper Manto – Large Historic Inferred Resource (Ag, Zn, Pb) Pozo Seco – Historic Au-Mo Resource Pegaso Zone – A major discovery of Ag, Zn, Pb 13 apollosilver.com
Slide 14: Resource Expansion and Potential New Discovery
CINCO DE MAYO PROJECT Resource Expansion and Potential New Discovery Please refer to slides 2 and 3 of this presentation for cautionary notes and further information regarding Cinco de Mayo Project historical mineral resource estimates. 14 apollosilver.com
Slide 15: Pozo Seco High Grade Mo/Au Resource
CINCO DE MAYO PROJECT Pozo Seco High Grade Mo/Au Resource 1 See table 14.5 from MAG Silver news release dated Nov. 14, 2012 for details 2 Please refer to slides 23 of this presentation for cautionary notes and further information regarding Cinco de Mayo Project historical mineral resource estimates.
Slide 16: Historical Resources
CINCO DE MAYO PROJECT Historical Resources UPPER MANTO DEPOSIT* September 1, 2012, Mag Silver Corp. Tonnage Gold Silver Zinc Lead Gold Silver Zinc AgEg (Mt) (g/t) (g/t) (%) (%) (oz) (Moz) (Mlb) (g/t) Inferred 12.45 0.24 132 6.47 2.86 96,000 52.7 1,777 385 The Upper Manto Historical Mineral resources
Slide 17: Option Agreement Terms
CINCO DE MAYO PROJECT Option Agreement Terms Social License Equity Gain access to property, Issue Pan American Silver through the establishment of (which is acquiring Mag Silver) contracts and social license 19.9% of the share capital of with the local community Apollo Silver at the conclusion of 20
Slide 18: Potential Timeline for Upcoming Catalysts
CINCO DE MAYO PROJECT Potential Timeline for Upcoming Catalysts 1 Q3 2025 Q4 2025 Q1 2026 Q2 2026 ESTABLISH & MAINTAIN SOCIAL LICENSE DESKTOP GEOLOGICAL STUDIES DRILL PLANNING & PERMITTING 20,000M DRILL PROGRAM 1 These catalysts are contingent upon the Company securing the necessary social license f
Slide 19: Capital Structure
Capital Structure TSX-V: OTCQB: FSE: MAJOR SHAREHOLDERS 2-YEAR PERFORMANCE CHART APGO APGOF 6ZFO Jupiter Asset Management +200 APGO CommodityCapital AG +150 SILJ Primevestfund Silver (Ag) SHARE STRUCTURE +100 Shares issued and outstanding 242.5M Terra Capital Natural Resources Options (avg. price $0
Slide 20: Leadership Team
Leadership Team Chris Cairns, CPA, CA Jackie Przybylowski Ross McElroy INDEPENDENT DIRECTOR PRESIDENT & CEO CFO Ms. Przybylowski holds extensive mining • Professional geologist of 35+ years’ Chris brings more than 14 years of finance capital markets experience, and currently exploration, development
Slide 21: Thank you
710-1030 West Georgia Street Vancouver, BC V6E 2Y3 Tel: (604) 428-6128 Email: info@apollosilver.com To subscribe to our email list, visit: www.apollosilver.com Thank you TSX-V OTCQB FSE APGO APGOF 6ZF0
Slide 22: Updated Mineral Resource Estimate
APPENDIX Updated Mineral Resource Estimate WATERLOO RESOURCE ESTIMATE(1,2) Metal Category Grade Tonnes Strip Ratio Ounces 95% conversion rate to Measured 103 g/t 27.4 Mt 1.1 90 M Measured & Indicated¹ ² from Inferred³ Silver Indicated 91 g/t 6.8 Mt 1.1 20 M (50 g/t cut-off) Inferred 77 g/t 0.3 Mt 2.
Slide 23: Historical Metallurgical Test Works
APPENDIX Historical Metallurgical Test Works Cinco De Mayo Project SUMMARY OF HISTORICAL WORK KEY TAKEAWAYS FROM HISTORICAL WORK Basic preliminary metallurgical work Promising Metal recoveries Jose Mantos1 : completed between 2010 and 2014 • Galena and sphalerite liberations are adequate to produce