Silver Mines Limited · ASX:SVL
Silver Mines — Shareholder Meeting (November 2022)
32 slides from Silver Mines's shareholder meeting presentation, Nov 9, 2022
Slide 1: Annual General Meeting Presentation
rsonal use only Annual General Meeting Presentation 9th November 2022
Slide 2: Disclaimer
Disclaimer The material in this presentation contains certain forecasts and forward-looking information, including regarding rsonal use only possible or assumed future performance or potential growth of Silver Mines Limited (“SVL”). Such information is not a guarantee of future performance and invol
Slide 3: Silver Mines Limited: Introduction
Silver Mines Limited: Introduction Key Assets Capital Structure (ASX: SVL) rsonal use only AUD USD The Bowdens Silver Project is located in central New South Wales, Australia. Shares on Issue (m) 1,291.8 1,291.8 The consolidated project is 100% held and the area comprises 1,950km2 (480,000 acres
Slide 4: Silver Mines Limited: Progress
Silver Mines Limited: Progress Recent Highlights Silver Mines Limited Share Price Graph rsonal use only 0.40 Lodgement of Development Application for the Bowdens 100 Silver open-cut mine development. 0.35 90 Approvals expected circa early 2023. 0.30 80 Initial production 6Moz silver per annum.
Slide 5: Overview
Bowdens Silver Project: Overview Highlights Timeline of Major Milestones rsonal use only September 2017 The largest silver development project in Australia and Open-Cut Mineral Resource completed (275 Moz AgEq) one of the largest globally with a current JORC-compliant May 2018 Mineral Resource bas
Slide 6: Regional Geology
Bowdens Silver Project: Regional Geology rsonal use only • Extensive tenement holding (1,950 km2 = 480,000 acres) 100% controlled by Silver Mines. • Wide range of prospective deposit types over different time periods (Ordovician, Siluro-Devonian, Carboniferous and Permian). • Mid-Carboniferous Rylst
Slide 7: Mine Geology
Bowdens Silver: Mine Geology rsonal use only 7
Slide 8: Mine Development
Bowdens Silver Mine Development rsonal use only 8
Slide 9: Study Work
Bowdens Silver Project: Study Work Unit Feasibility Upside Case2 Feasibility Base Case1 rsonal use only Physical Metrics Production Life Years 16.5 16.5 Ore Mined Mt 29.9 29.9 Waste Mined Mt 48.2 48.2 W:O Strip Ratio x 1.60 1.60 Ag Recovered in Concentrate Moz 52.91 52.91 Zn Recovered in Concentrate
Slide 10: Community Support
Bowdens Silver Project: Community Support rsonal use only 10
Slide 11: Approvals Timeline
Bowdens Silver Project: Approvals Timeline rsonal use only 11
Slide 12: Silver Demand
Silver Demand rsonal use only Silverware • Substantial demand for silver in a Investment 4% Photography growing market. (Coins & Bars) 22% 3% • Used in most electronics, for water purification, robotics, industrial automation, aerospace, pharmaceuticals, and biosciences. • Solar power, 5G electronic
Slide 13: Exploration: A Major Silver System
Bowdens Silver Exploration A Major Silver System rsonal use only 13
Slide 14: Extensions
Bowdens Silver Project: Extensions rsonal use only Northwest Zone, Aegean and Bundarra Zones contains high-grade silver directly under the planned open-cut pit. Drilling demonstrates that the Northwest and Aegean Zones are likely to be connected. Bundarra Zone with greater base metal (zinc & l
Slide 15: Extensions
Bowdens Silver Project: Extensions rsonal use only 15
Slide 16: Extensions
Bowdens Silver Project: Extensions rsonal use only 16
Slide 17: Extensions
Bowdens Silver Project: Extensions rsonal use only 17
Slide 18: Extensions
Bowdens Silver Project: Extensions rsonal use only 18
Slide 19: Seismic Program
Bowdens Silver Project: Seismic Program rsonal use only 19
Slide 20: Seismic Program
Bowdens Silver Project: Seismic Program rsonal use only 20
Slide 21: Other Exploration Assets
Other Exploration Assets rsonal use only 21
Slide 22: Barabolar Project: Unlocking a Major Mineralised System
Barabolar Project: Unlocking a Major Mineralised System rsonal use only • Barabolar Project area located 10 kilometres northwest of Bowdens Silver. • 9000 x 2000 metre corridor of base-metal and precious metal soil anomalies. • Mineralised skarn mapped over 5000 by 800 metres. • Porphyry system type
Slide 23: Barabolar Project: Unlocking a Major Mineralised System
Barabolar Project: Unlocking a Major Mineralised System rsonal use only 23
Slide 24: Barabolar Project: Unlocking a Major Mineralised System
Barabolar Project: Unlocking a Major Mineralised System rsonal use only 24
Slide 25: Tuena Gold Project: An evolving gold/copper region
Tuena Gold Project: An evolving gold/copper region rsonal use only • Located south of Blayney in New South Wales. • Historic goldfield with minimal exploration work in the modern era. • Clear geological analogies to the McPhillamys Gold Project (2.0 Moz gold). • Mineral system and old gold workings
Slide 26: Key Conclusions
Bowdens Silver Project: Key Conclusions rsonal use only Considerable exploration potential with extensive drilling underway. Confirmed significant high-grade extensions to The largest silver development project in Australia and one mineralisation close to mine. Underground Mineral Resource of th
Slide 27: Anthony McClure, Managing Director
rsonal use only Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 27
Slide 28: Appendix – Bowdens Silver Ore Reserve
Appendix 1 – Bowdens Silver Ore Reserve (as at May 2018) rsonal use only 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
Slide 29: Appendix – Bowdens Silver Open Cut Resource
Appendix 2 – Bowdens Silver Open Cut Resource (as at September 2017) rsonal use only 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 & Indicat
Slide 30: Appendix – Bowdens Silver Underground Resource
Appendix 3 – Bowdens Silver Underground Resource (as at September 2022) rsonal use only 150 g/t Ag Eq Cut Tonnes Silver Eq. Silver Zinc Lead Gold Million (Mt) (g/t) (g/t) (%) (%) (g/t) Ounces Silver Eq. Measured 1.55 212 139 0.82 0.73 0.10 10.6 Indicated 2.01 217 55 2.02 1.12 0.31 14.1 Measured & In
Slide 31: 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 rsonal use only of AMC Consultants Pty Ltd who is a consultant to the Company. Mr Jones is a member o
Slide 32: Anthony McClure, Managing Director
rsonal use only Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 32