Silver Mines Limited · ASX:SVL
Silver Mines — Resources Rising Stars Conference Gold Coast 2022
31 slides from Silver Mines's conference presentation, June 2022
Slide 1: Resources Rising Stars Conference Gold Coast - June 2022
Resources Rising Stars Conference Gold Coast - June 2022
Slide 2: Disclaimer
Disclaimer The material in this presentation contains certain forecasts and forward-looking information, including regarding possible or assumed future performance or potential growth of Silver Mines Limited (“SVL”). Such information is not a guarantee of future performance and involves unknown risk
Slide 3: Silver Mines Limited Introduction
Silver Mines Limited Introduction Key Assets Capital Structure (ASX: SVL) 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) of titles cover
Slide 4: Silver Mines Limited Progress
Silver Mines Limited Progress Recent Highlights Silver Mines Limited Share Price Graph Lodgement of the Environmental Impact Statement and Development Application for the Bowdens Silver mine development. Final submission processes almost complete for Independent Planning Commission determination
Slide 5: Bowdens Silver Project: Overview
Bowdens Silver Project: Overview Highlights Timeline of Major Milestones The largest silver development project in Australia, and September 2017 Mineral Resource complete (275 Moz AgEq) one of the largest globally, with a current JORC-compliant Resource base of 275Moz AgEq. May 2018 Ore Reserve co
Slide 6: Lachlan Fold Belt Geology
Bowdens Silver Project: Lachlan Fold Belt Geology • The Ordovician Macquarie Arc/Lachlan Fold Belt of Eastern Australia contains preserved porphyry volcanic arc environments. • Macquarie Arc of NSW contains world-class; – Cadia/Ridgeway, – Cowal, – Northparkes and others • The Bowdens portfolio demo
Slide 7: Regional Geology
Bowdens Silver Project: Regional Geology • 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). • Permian Rylstone Volcanics consisting o
Slide 8: Mine Geology
Bowdens Silver Mine Geology 8
Slide 9: Study Work
Bowdens Silver Project: Study Work Unit Feasibility Upside Case2 Feasibility Base Case1 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 kt 108.0 108.0
Slide 10: Site Layout
Bowdens Silver Project: Site Layout 10
Slide 11: Approvals Timeline
Approvals Timeline WE ARE HERE 11
Slide 12: Community Support
Community Support ‘Support Object Responses: 1 504 Obi Support| Responses: 363 Proportion: 79% Responses: 387 Responses: 1 139) Proportion: 2496 A Proportion: 20% Proportion: 73% | A el —_, Comment comment Responses: 15 Responses: 18 Proportion: 1% Proportion: 1% —— All Responses - 1909 New South Wa
Slide 13: Silver Uses and Market
Silver Uses and Market • Silver is the best electrical and thermal conductor among all metals. • Demand for silver is benefiting from new applications in photovoltaic cells (for solar panels), electric vehicles, electronics, water purification, robotics, industrial automation, aerospace, pharmaceuti
Slide 14: Exploration: A Major Silver System
Bowdens Silver Exploration A Major Silver System 14
Slide 15: Extensions
Bowdens Silver Project: Extensions • Northwest Zone, Aegean and Bundarra Zones contains high- grade silver directly under the planned open cut pit. • Current drilling is demonstrating that the Northwest and Aegean Zones are likely to be connected. • Each of the three discoveries open in several dire
Slide 16: Extensions (Cont'd)
Bowdens Silver Project: Extensions (Cont’d) 16
Slide 17: Extensions (Cont'd)
Bowdens Silver Project: Extensions (Cont’d) 17
Slide 18: Extensions (recent results)
Bowdens Silver Project: Extensions (recent results) 18
Slide 19: Extensions (recent results)
Bowdens Silver Project: Extensions (recent results) 19
Slide 20: Extensions (Cont'd)
Bowdens Silver Project: Extensions (Cont’d) First visible gold from Bowdens 20
Slide 21: Expanded Program and Scoping Study
Expanded Program and Scoping Study • Recent drilling at the Northwest, Aegean and Bundara Zones has demonstrated considerable high- grade potential immediately beneath the proposed open-pit mine development • 30,000 metres diamond drilling focussed on three discovery zones below the planned open-cut
Slide 22: Key Conclusions
Bowdens Silver Project: Key Conclusions Considerable exploration potential at the Bowdens Silver Project, with extensive drilling (30,000 metres with 4 The largest silver development project in Australia, and one diamond rigs) underway and confirmed significant high-grade of the largest globally
Slide 23: Other Exploration Assets
Other Exploration Assets ~e 23 — MINES LIMITED
Slide 24: Barabolar Project: Unlocking a Major Mineralised System
Barabolar Project: Unlocking a Major Mineralised System • 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 alteration assembl
Slide 25: Tuena Gold Project
Tuena Gold Project • 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 extend over at least 6 kilometres of strike. • R
Slide 26: Anthony McClure, Managing Director
Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 26
Slide 27: Appendix 1 – Bowdens Silver Resource
Appendix 1 – Bowdens Silver Resource (as at September 2017) 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 & Indicated 105 68 41 0.37 0.25 14
Slide 28: Appendix 2 - Bowdens Silver Resource
Appendix 2 - Bowdens Silver Resource (as at September 2017) Cut off g/t Ag Eq Tonnes Silver Eq. Silver Zinc Lead Million Million (Mt) (g/t) (g/t) (%) (% ) Ounces Ounces Silver Silver Eq. 0 397.2 30.7 17.6 0.18 0.12 225 392 10 261.7 43.7 25.2 0.26 0.17 212 368 20 185.2 54.6 31.7 0.32 0.21 189 325 30
Slide 29: Bowdens Silver Resource Grade Tonnage Curve
Bowdens Silver Resource 200 180 160 140 Grade (g/t) 80 60 40 20 29 120 Bowdens Silver Project Grade Tonnage Curve September 2017 100 Cut Off Grade 2a 60 30 30 —eSilver Equivalent —Silver 20 40 60 80 100 120 Tonnes (Mt) 140 Y»y SILVER MINES LIMITED
Slide 30: Appendix 3 – Bowdens Silver Ore Reserve
Appendix 3 – Bowdens Silver Ore Reserve (as at May 2018) 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 0.43 0.29 3.60
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 of AMC Consultants Pty Ltd who is a consultant to the Company. Mr Jones is a member of the Member of
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