Southern Silver Exploration Corp. · TSXV:SSV
Southern Silver Exploration — Investor Presentation (September 2025)
26 slides from Southern Silver Exploration's investor presentation, September 2025
Slide 1: Developing the Cerro Las Minitas Project into the Next Major Silver Mine in Mexico
Developing the Cerro Las Minitas Project into the Next Major Silver Mine in Mexico 将Cerro Las Minitas项目开发成为墨西哥下一个 主要银矿山 Corporate Presentation 公司介绍 September, 2025 2025年9月 SSV: TSX-V SSVFF: OTCQX www.southernsilverexploration.com www.southernsilverexploration.com TSX-V: SSV OTCQX: SSVFF
Slide 2: Forward Looking Statements and Technical Disclosure
Forward Looking Statements and Technical Disclosure 前瞻性声明和技术披露 Some of the statements contained in this presentation may be deemed “forward-looking All mineral resources have been estimated in accordance with Canadian Institute of Mining and statements.” These include estimates and statements that d
Slide 3: Key Highlights
Southern Silver Exploration Corp Key Highlights / 关键亮点 Focused on developing the Cerro Las Minitas (CLM) Ag-Cu-Pb-Zn project located in Durango, Mexico 专注于开发位于墨西哥杜兰戈州的Cerro Las Minitas(CLM)银-铜-铅-锌项目 One of the Largest and Highest Grade New Acquisition Provides Further Undeveloped Silver Projects in
Slide 4: Capital Markets Profile
Capital Markets Profile / 资本市场概况 Focused on developing the Cerro Las Minitas (CLM) Ag-Cu-Pb-Zn project located in Durango, Mexico 专注于开发位于墨西哥杜兰戈州的Cerro Las Minitas(CLM)银-铜-铅-锌项目 Capital Structure / 股权结构 Share Price and Volume (Last 24 Months) / 过去24个月股价和成交量 Ticker / 股票代码 TSX.V:SSV Share Price (Aug 22
Slide 5: Management Team and Board
Management Team and Board / 管理团队和董事会 Experienced Mine Finders with a History of Success in Mexico / 在墨西哥有成功经验的优秀矿藏发现者 Lawrence Page (LL.B, KC / 法学学士、御用大律师) • Director and Officer of a number of public prominent exploration and mining companies / 多家知名勘探和采矿上市公司的董事和高管 President, Director / 总裁、董事 • Majo
Slide 6: Project Portfolio
Project Portfolio / 项目组合 District Scale Exploration & Development / 地区规模的勘探与开发 Cerro Las Minitas, Durango, Mexico 墨西哥杜兰戈州的Cerro Las Minitas项目 • 100% owned / 100%全资拥有 • Silver-enriched Skarn/CRD deposits / 富银矽卡岩/CRD矿床 • +US$28M spent on acquisition and exploration since 2011 / 自从2011 年以来，在收购和勘探上花费的资金
Slide 7: One of the Largest and Highest Grade Undeveloped Silver Assets in the World
Cerro Las Minitas One of the Largest and Highest Grade Undeveloped Silver Assets in the World / 世界上规模最大、品位最高的未开发银矿资产之一 The CLM project remains a leader in the Grade vs Tonnage curve among global peer deposits CLM项目在全球同类矿床的“品位-吨位”曲线对比中仍保持领先地位(1)(2) NOTE: Data as of September 3, 2024 from S&P Capital
Slide 8: Brief History
Cerro Las Minitas Brief History / 发展历程 SSV released MRE for CLM Exploration of the property SSV entered into an option SSV发布CLM项目矿产资源 SSV released updated MRE SSV released updated Resource 项目勘探历史 agreement for CLM and began 量估算（MRE） SSV发布更新版矿产资源量 and PEA exploration • ‘16: 110Moz AgEq in MI&I 估算 SSV
Slide 9: Infrastructure and Access
Cerro Las Minitas Infrastructure and Access / 基础设施和交通 Well Located in an Active Exploration and Development Jurisdiction with Superior Knowledgeable and Supportive Local Community Infrastructure Infrastructure / 位于矿产勘探和开发活跃的辖区，有一流的基础设施 见多识广、为采矿提供大力支持的当地社区 • Safe jurisdiction, around non-narcotic rel
Slide 10: Looking North from the Autopista (Highway)
Cerro Las Minitas Looking North from the Autopista (Highway) / 从Autopista（高速公路）向北望去 www.southernsilverexploration.com www.southernsilverexploration.com 10 TSX-V: SSV OTCQX: SSVFF
Slide 11: Site Geology and Deposit Distribution
Cerro Las Minitas Site Geology and Deposit Distribution / 矿场地质和矿藏分布 A classic Ag-Pb-Zn CRD/Skarn system similar to major polymetallic Seven deposits make up the current Mineral Resources Mexican deposits / 典型的银-铅-锌CRD/矽卡岩系统，类似墨西哥的主 七个矿床构成了当前的矿产资源版图 要多金属矿床 • Mineralization is localized in sub-vertica
Slide 12: 2024 Mineral Resource Estimate
Cerro Las Minitas 2024 Mineral Resource Estimate / 2024年资源量估测 2024 Mineral Resource Estimate (as of March 20, 2024 using a US$60/t NSR cut-off) 2024年矿产资源量估算（截至2024年3月20日，使用60美元/吨NSR边界值） Indicated Resources / 指示资源量 Average Grade / 平均品位 Contained Metal / 含金属量 Zone Tonnes Ag Au Pb Zn Cu AgEq NSR Ag TrO
Slide 13: Project Economics – Production Schedule and Cash Flow
Cerro Las Minitas Project Economics – Production Schedule and Cash Flow / 项目经济效益—生产计划与现金流 Operating Statistics / 运营指标 Modelled LOM Production(1)(2): 29.5 Mt @ 104 g/t Ag, 0.11g/t Au, 0.19 % Cu, Mine Life (years) / 矿山寿命（年） 17+ years 1.06 % Pb, and 2.41 % Zn - Average NSR of $US 131/t / 模拟矿山服务期内产 Avg.
Slide 14: Illustrative Development Timeline
Cerro Las Minitas Illustrative Development Timeline / 开发时间表说明 • SSV worked with permitting and technical experts to develop a regulatory and permitting timeline, which reflects a less than five-year pathway to a Final Investment Decisions (“FID”) / SSV与许可审批及技术专家共同制定了监管与许可时间表，该时间表显示项目可 在五年内达成最终投资决策（F
Slide 15: Puro Corazón Acquisition - Potential Inventory Expansion and Engineering Optimization
Puro Corazón Acquisition - Potential Inventory Expansion and Engineering Optimization 收购价值——资源储量扩展与工程优化潜力 Puro Corazón Claim – Inventory Enhancement and Capital Efficiency Driver Puro Corazón矿权——资源量提升与资本效率驱动要素 Exploration Upside: Strong Resource Growth Potential 勘探潜力：显著的资源量增长空间 Potential Capital Eff
Slide 16: A Potential Value Creating Transaction
Puro Corazón A Potential Value Creating Transaction / 潜在的价值创造机遇 The Puro Corazón Mine / Puro Corazón矿 • Puro Corazon is a 9ha claim within the CLM claim group • Puro Corazón矿位于CLM矿权组范围内，占地9公顷 • Mineralization identified in the Cerro Las Minitas’ Skarn Front and El Sol deposits project directly into
Slide 17: Proposed Drilling for Resource Confirmation
Puro Corazón Proposed Drilling for Resource Confirmation / 拟实施的资源验证钻探计划 Proposed Drilling on the Puro Corazon claim (1) - Looking Southeast Targeting Extensions of the Cerro Las Minitas Deposits Puro Corazón矿权区拟布置钻探示意图- 东南视角 目标：Cerro Las Minitas矿床延伸带 Q4 ‘25 Exploration Program to include: / 2025年第 四
Slide 18: Potential Resource Expansion
Cerro Las Minitas Potential Resource Expansion / 资源量扩展潜力 Several Shallow Extensions to Existing Deposits Remain to be Tested 存在多个未验证的浅部延伸靶区 Drilling to Target Resource Expansion in the Eastern and Northern Deposits 在Eastern与Northern矿床区规划钻探以扩大资源量 (1) Proof of concept drilling in Q4 2024 identified th
Slide 19: Potential Economic Updates
Cerro Las Minitas Potential Economic Updates / 经济效益优化潜力 The PEA has modelled robust annual average cashflow particularly in the first eight years of mine-life and the New Acquisition of the Puro Corazon claim is poised to unlock additional value in the Cerro Las Minitas project / 初步经济评估（PEA）模型显示，项目可
Slide 20: Nazas Project – New Acquisition
Nazas Project / Nazas项目 New Acquisition / 新收购资产 The Nazas Acquisition Represents a New High-Quality Exploration Project in an Emerging Mining District 收购Nazas项目代表了一个新兴矿区内的高品质勘探新项目 • Located on the eastern flank of the Sierra Madre Occidental mountain range in north-central Durango State, Mexico. The
Slide 21: Pitarilla – Exploration Analogue
Nazas Project / Nazas项目 Pitarilla – Exploration Analogue / Pitarilla对标勘查区 Pitarilla Deposit – Exploration Analogue Pitarilla矿床——勘探对标 • One of the largest undeveloped Silver Resources in Mexico / 墨西哥最大的未开发银矿资源之一 • Endeavor Silver Corp. acquired the Pitarilla Project from SSR Mining Inc. in July 2022
Slide 22: Nazas Project
Nazas Project / Nazas项目 New Acquisition / 新收购资产 • 5 claims totaling 2,189ha with similar geology to the Pitarilla Mineralizing system / 5个矿权地区，总面积2189公顷，成矿地质条件 与Pitarilla矿化系统相似 • High potential for significant deposits: / 形成重要矿床的重大潜力： – Oxide Au-Ag (bulk-tonnage) near surface / 近地表氧化型金-银矿床（大吨 位） – S
Slide 23: Nazas – Exploration Targets
Nazas Project / Nazas项目 Nazas – Exploration Targets / Nazas——勘探靶区 Multiple Exploration Targets Identified on the Nazas Property 已经在Nazas项目区识别多个勘探靶区 • Widespread surface mapping/sampling and follow-up geophysical surveys have identified four separate drilling targets on the Nazas property: / 通过大范围地 面
Slide 24: Oro and Hermanas Projects
Oro and Hermanas Projects / Oro和Hermanas项目 US Exploration / 美国勘探 Southern continues to advance two earlier stage projects in southern New Mexico, giving the shareholder additional exposure to copper, gold and silver Southern继续推进位于新墨西哥州南部的两个早期项目，为股东带来更多铜、黄金和白银投资机会 • Oro Project / Oro项目 – Large Larami
Slide 25: Why Southern Silver
Why Southern Silver / 投资Southern Silver的理由 Underground Mine in Infrastructure-Rich Sizable Silver-Zinc Significant Project New Acquisition Creates World Class Mining District / 基础设施完 Development / 大型银 Upside / 显著的项目增 Further Upside / 新收购 District / 位于世界级 善的区域 锌开发项目 值潜力 创造额外增值空间 矿区的地下矿山 CLM is one of
Slide 26: Southern Silver Notes
Southern Silver Notes 备注 www.southernsilverexploration.com www.southernsilverexploration.com 26 TSX-V: SSV OTCQX: SSVFF
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