Endeavour Silver Corp. · TSX:EDR
Endeavour Silver — Merger or Acquisition (January 2022)
14 slides from Endeavour Silver's merger presentation, Jan 13, 2022
Slide 1: Endeavour's Acquisition of Pitarrilla
Endeavour’s Acquisition of Pitarrilla One of the World’s Largest Undeveloped Silver Projects TSX: EDR | NYSE: EXK 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking stateme
Slide 3: Other Notes and Disclaimers
Other Notes and Disclaimers Historical Estimate – Pitarrilla Project Pitarrilla is a large undeveloped silver, lead, and zinc project located 160 kilometres north of Durango City, in northern Mexico. The Pitarrilla property consists of 4,950 hectares across five concessions and has significant infra
Slide 4: Acquisition of Pitarrilla Leverages Existing Platform in Mexico
Acquisition of Pitarrilla Leverages Existing Platform in Mexico Pitarrilla Project, Durango State, Mexico One of the world’s largest undeveloped silver projects1 Located on Prolific Mexican Mineral Belt Potential for long mine life based on Historical Resource Estimate Enhances Endeavour’s robust gr
Slide 5: Compelling Acquisition Rationale
Compelling Acquisition Rationale • As outlined in the 2012 Technical Report and updated in the SSR Mining 2020 AIF, Pitarrilla has the following historical estimate: One of world’s largest – a measured & indicated mineral resource (open-pit and underground) of 525.27 million ounces (oz) silver (Ag)
Slide 6: Transaction Summary
Transaction Summary • Endeavour has entered into a definitive agreement to purchase the Pitarrilla project in Durango State, Mexico by acquiring all of the issued and outstanding shares of SSR Durango, S.A. de C.V. (the “Transaction”) from SSR Mining Transaction • Total consideration payable on clos
Slide 7: An Advanced Exploration Project
An Advanced Exploration Project Well-established mining-friendly State of Durango Excellent infrastructure in place (access roads and exploration camp) Pitarrilla Project Access to utilities and well-trained Durango State, Mexico workforce Pitarrilla 4,950 5 HECTARES CONCESSIONS Key permits in place
Slide 8: Significant Exploration Potential
Significant Exploration Potential • Extensive work program conducted by SSR Mining: Pitarrilla Generalized Cross-Section (Section 375a) – multiple drill campaigns completed on the project from 2003 to 2012, totaling 680 drillholes for 227,731 metres – exploration decline already in place • Improved
Slide 9: Geological Overview of the Pitarrilla Deposit – Breccia Ridge
Geological Overview of the Pitarrilla Deposit – Breccia Ridge Breccia Ridge Cross-Section Source: SSR Mining disclosure Breccia Ridge is the main area of underground mining interest TSX: EDR | NYSE: EXK Revisions to underground geological model has improved understanding of the deposit – Drillin
Slide 10: Pitarrilla Timeline and Next Steps
Pitarrilla Timeline and Next Steps 2002 Sept 2009 Dec 2012 2012 - SSR Mining SSR Mining SSR Mining SSR Mining acquires publishes publishes advances Pitarrilla Pitarrilla NI 43-101 NI 43-101 and obtains key pre-feasibility technical report permits study Jan 2022 Post closing By end of 2022 Beyond 202
Slide 11: Building on Our Vision of Becoming a Premier Senior Silver Producer
Building on Our Vision of Becoming a Premier Senior Silver Producer Mexico is the #1 Silver-Producing Country in the World* Guanacevi Mine Parral Exploration Project • Cornerstone silver mine in Durango • Historic silver mining district • Produces doré bars • 4 mineralized areas MEXICO Pitarrilla Ad
Slide 12: Appendix
12 TSX: EDR TSX: EDR| NYSE: | NYSE:EXK EXK Appendix
Slide 13: Pitarrilla Historical Estimate
Pitarrilla Historical Estimate SSR Mining filed a technical report titled “NI 43-101 Technical Report on the Pitarrilla Project” dated December 14, 2012 (the “2012 Technical Report”). The 2012 Technical Report provided a feasibility study outlining a large, mainly open-pit operation and a mineral re
Slide 14: Thank you
14 TSX: EDR | NYSE: EXK Thank you
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