Silver Bull Resources, Inc. · TSX:SVB
Silver Bull Resources — Investor Presentation (November 2022)
25 slides from Silver Bull Resources's investor presentation, November 2022
Slide 1: Corporate Presentation
\ Silver Bull RESOURCES, (NC.
Slide 2: Forward Looking Statements
Forward Looking Statements Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101.
Slide 3: Corporate Snapshot
Corporate Snapshot Capitalization Management & Directors Shares Outstanding 236,328,214 Tim Barry: President, CEO & Director Options/Warrants 34,477,305 Brian Edgar: Chairman Shares Fully Diluted 270,805,519 Daniel Kunz: Director Share Price (C$/share) $0.14 John McClintock: Director 52 Wk High – Lo
Slide 4: Investment Highlights & Catalysts
Investment Highlights & Catalysts • Joint Venture with South32 – one of the worlds largest Mining Companies (Mrt Cap of ~US$25B • US$10M in exploration to be funded by South32 over the next 4 years and an additional US$90M to be funded by South32 should they elect to move forward with the project •
Slide 5: South32 Joint Venture
South 32 Joint Venture • Joint Venture with one of the largest mining companies in the world - US$20B market cap • US$10M to go into exploration over the next 4 years at Sierra Mojada • At the end of 4 years South 32 have the option to for a 70:30 joint venture company which will own the Sierra Moja
Slide 6: Location
Location Explore for Sulphide Zn-Ag-Pb-Cu Mineralization • CRDs are 2nd largest contributor to Mexican silver production Taylor • Located on +2,000km long belt of carbonate rocks from SE Arizona (e.g., Arizona Mining’s Taylor) to SE Mexico • Sierra Mojada has typical CRD characteristics: – Fold/thru
Slide 7: Sierra Mojada Location Map
Sierra Mojada Location Map. Nf LEGEND “&& Sierra Mojada Project e City Siert 2 Mo acl ie a j ad 1 Project \ RESOURCES, INC Location Map Sierra Mojada Project t Silver Bull Resources, Inc. \ MEXICO} { MONTERREY kilometres
Slide 8: Excellent Infrastructure
Excellent Infrastructure Railway to site, Paved road to site, Power to site, Water 1 Rail Load Out Facilities 2 Paved Road 20km 3 1 2 N 4 Penoles Chemical Plant With Gas Pipeline 4 3 Camp 8
Slide 9: High Grade Zones within Global Sierra Mojada NI43-101 Resources
High Grade Zones within “Global” Sierra Mojada NI43-101 Resources Spatially Separate Zn Zone & Ag Zone Deposits – see global resource in Appendix 9
Slide 10: 2019 S32 Drill Program Main Deposit Targets
2019 S32 Drill Program Main Deposit Targets Sulphide Zones E & W extensions 10
Slide 11: West Sulphide Zone
West Sulphide Zone New Extension adds an additional 350m Along Strike to the area recently drilled HISTORICAL DRILL RESULTS SELECT RESULTS RECENT DRILLING – WEST ZONE B11144 – 8.45m (from 193m) @ 17% Zn, 5.45% Pb, 60g/t Ag T17002 – 25.5 meters @ 294g/t Ag and 0.96% Cu T17003 – 16 meters @ 396g/t Ag
Slide 12: Eastern Sulphide Zone
Eastern Sulphide Zone High Grade Sulphide Mineralization 1m 1m 12
Slide 13: Sierra Mojada Regional Prospects
Sierra Mojada Regional Prospects +30km Strike of Known Ag-Zn-Pb-Cu Mineralization 13
Slide 14: Palomas Negros
Palomas Negros High Grade Sulphide Mineralization 14
Slide 15: Results to Date first 7 Holes
Results to Date first 7 Holes 15
Slide 16: Investment Highlights & Catalysts
Investment Highlights & Catalysts • Joint Venture with South32 – one of the worlds largest Mining Companies (Mkt Cap of ~$20B • $10M in exploration to be funded by South32 over the next 4 years and an additional $90M to be funded by South32 should they elect to move forward with the project • Commod
Slide 17: Appendix
APPENDIX 17
Slide 18: Board & Management Bios
Board & Management Bios Brian Edgar, Chairman: Mr. Edgar is a corporate/securities lawyer with broad resource industry and investment experience. He served as Dome's President and CEO from February 2005 until it was acquired by Silver Bull in April 2010 and was a Director from 1998 to 2010. Mr. Edga
Slide 19: Sierra Mojada Project Summary
Sierra Mojada Project Summary Large Oxide Resource, Sulphide Prospectivity Proven • Sierra Mojada is a CRD deposit • Zn-Ag-Pb-Cu discovered and Schematic Mineralization Model Cross- Section Looking South mined from 1879-1990 2: South Verging Thrust Fault • 2015 NI43-101 global M&I NI43-101 Resource
Slide 20: Global Resource – 30 October 2018
Global Resource – 30 October 2018 NI43-101 Technical Report On The Resources Of The Sierra Mojada Project Coahuila, Mexico The “Global Resource” is the addition of the resource defined by the LG optimized pit at $13.50/tonne NSR cut-off and for the underground resource at a 6% Zn cut-off. NSR, A
Slide 21: Silver Zone Resource
Silver Zone Resource Sensitivity to Grade Cut-Off 21
Slide 22: Zinc Zone Resource
Zinc Zone Resource Sensitivity to Grade Cut-Off 22
Slide 23: Silver Zone & Zinc Zone Metallurgy
Silver Zone & Zinc Zone Metallurgy Summary Metallurgical Options • Metallurgical testwork demonstrates technically viable processing options for Silver Zone and Zinc Zone deposits • 3:1 C:Zn; 12.5% Zn, 86.9% • Crush, grind, VAT leach Leach 1200oC fumed (100g) • Merrill Crow -> silver dore • 4:1 C:Zn
Slide 24: Silver Zone Metallurgical Testwork
Silver Zone Metallurgical Testwork • Conventional 3 stage crush → primary ball mill grind → cyanide leach (24 hrs) → Merril Crowe silver precipitation → bio-SART process plant and reagent facility → cyanide destruction → Ag dore (75% recovery) & Zn sulphide (64% Zn concentrate) • SART (sulfidization
Slide 25: Zinc Zone Processing Options
Zinc Zone Processing Options • Key Takeaway – there is a viable processing route for the Zinc Zone deposit using a rotary kiln, the Waelz Kiln (which was first used in the early 1900s), to recovery Zn via volatization – SVB tested samples with recoveries of +90% at temperatures of 1,200 to 1,300oC •
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