Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (February 2024)
40 slides from Iamgold's investor presentation, Feb 26, 2024
Slide 1: Unearthing Hidden Opportunity
Unearthing Hidden Opportunity Corporate Presentation February 2024 www.silverstorm.ca TSXV: SVRS | OTCQB: SVRSF | FSE: SVR
Slide 2: Forward Looking Statements & Cautionary Notes
Forward Looking Statements & Cautionary Notes All statements, trend analysis and other information contained in this presentation about anticipated future events or results Cautionary Note: constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the
Slide 3: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) is a rule developed by the Canadian THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE Securities Administrators that establishes sta
Slide 4: Silver Storm Mining Ltd.
Silver Storm Mining Ltd. Unearthing Hidden Opportunity Near-Term Restart Excellent In-Place Significant Re-Rate Further Upside Opportunity Infrastructure Potential Optionality Mid-2025 target to restart mining ~US$150 M of in-place Drill program underway at La San Diego is one of the largest at the
Slide 5: Capital Structure
Capital Structure Strong Balance Sheet and Supportive Shareholder Base Capital Structure (as of Jan 31, 2024) Silver Storm Shareholders TSX-V Share Price (C$) $0.120 OTC QB Share Price (US$) $0.1025 Insiders 14% Shares Outstanding 397.14 M Other Options2 7.65 M Holders 45% Warrants3 24.99 M Fully Di
Slide 6: Management & Board of Directors
Management & Board of Directors Experienced Leadership Team in Exploration, Development & Financing Executive Team Board of Directors Greg McKenzie Will Ansley Dwayne Melrose President, CEO & Director COO Director A former senior investment banker with over 20 years of Over 20 years of mining indust
Slide 7: Environment, Social Responsibility and Governance
Environment, Social Responsibility and Governance Focus on community, safety and the environment Community Continue Developing a Strong Social License • Develop opportunities and skills in the community that go beyond La Parrilla Environmental Management System dependence of the mine • Serve the loc
Slide 8: Why Silver?
Why Silver? Low-Carbon Transition Fuels Increased Silver Demand • Silver is a key metal in electronics and components which feed the green-technology transition ▪ Industrial demand led by solar photovoltaic panels and the electrification of the auto industry • Industrial fabrication silver usage led
Slide 9: Assets Based in Durango State
Assets Based in Durango State Strong In-Place Infrastructure with Attractive Exploration Upside Durango A Top Mexican Mining State Strong Mining Culture Chihuahua • Mining dates back to 1552 • Safe and supportive of mining with 23 mines currently in Production • Strong in-country and local support S
Slide 10: La Parrilla Silver Mining Complex
La Parrilla Silver Mining Complex 10
Slide 11: Watch Video
La Parrilla Silver Mining Complex Watch Video 11
Slide 12: La Parrilla Silver Mining Complex (Ag-Au-Pb-Zn)
La Parrilla Silver Mining Complex (Ag-Au-Pb-Zn) Surface and Underground Infrastructure in Place to Support Near Term Restart District Scale Property • Large, underexplored 69,478 ha land package La Providencia Developed Infrastructure ~US$150M in Place Replacement Value 18,466 ha La Parrilla • Five
Slide 13: La Parrilla Mineral Resource Estimate
La Parrilla Mineral Resource Estimate Initial Resource for Silver Storm – SRK Consulting, dated August 20231 La Parrilla – Mineral Resource Statement1 (140 g/t AgEq oxide and 125 g/t sulphide cut-off) Grade Contained Metal Category, Mineral Type, Quantity Silver Gold Lead Zinc AgEq Silver Gold Lead
Slide 14: La Parrilla Phase 1 Exploration Plan
La Parrilla Phase 1 Exploration Plan Low-Risk Resource Drilling to Facilitate Restart Plan • 7,000 m in-fill and step-out drill program underway • Three key target areas: ▪ Primarily testing the extensions of known structures ▪ Quebradillas Underground – 3,000 m ▪ Program designed to increase the In
Slide 15: La Parrilla Phase 1 Drilling Results
La Parrilla Phase 1 Drilling Results Quebradillas Underground Quebradillas Underground –Drillholes (Phase 1) • 3,000 m of drilling to test the strike and Open Pit surface down-dip extensions of three key zones surface Open pit ▪ Cuerpo 460, Norte-Sur, and San Nicolas +2100 La Estrella Legend Assayed
Slide 16: La Parrilla Phase 1 Exploration Plan: Rosarios and Cuerpo Veins
La Parrilla Phase 1 Exploration Plan Rosarios and Cuerpo 340 Veins Rosarios – Planned Drillholes (Phase 1) • 3,000 m of drilling to test the east, west and central down-dip extensions West East → ▪ There are no drill holes at depth • The Rosarios vein has a known strike length of 2,000 m ▪ Mineral
Slide 17: La Parrilla Phase 1 Exploration Plan: San Marcos and Cuerpo 1100
La Parrilla Phase 1 Exploration Plan San Marcos and Cuerpo 1100 San Marcos – Planned Drillholes (Phase 1) • 1,000 m of drilling to test the extension of San Marcos and Cuerpo 1100 at depth • The San Marcos vein has a known strike length of 650 m ▪ Mineralization extends vertically for 350m ▪ Thickne
Slide 18: Advancing Towards Production Restart
La Parrilla Advancing Towards Production Restart Catalysts to Come Mid-2025 Target to Restart Production at La Parrilla Achieved In Progress To Come ✓ 100% acquisition of La Parrilla ➢ 7,000 m resource drill program to • 10,000 m Phase 2 drill program Silver Mining Complex and grow mineral resource
Slide 19: San Diego Project
> SILVER STORM San Diego Project
Slide 20: San Diego Project (Ag-Au-Pb-Zn)
San Diego Project (Ag-Au-Pb-Zn) Location + Size + Potential for Synergies with La Parrilla The Right Location San Diego – Geological and Property Map • 91.65 ha land package in the heart of the prolific Main Veins and Structures at Surface Velardeña Mining District ▪ 4 mining concessions 100% owned
Slide 21: San Diego Mineral Resource Estimate
San Diego Mineral Resource Estimate A Sizable Silver and Zinc Resource with Expansion Potential San Diego – Mineral Resource Estimate – SGS Canada, April 20131 Category, Mineral CoG Tonnes Gold Silver Grade Lead Zinc AgEq2 Ag Contained AgEq2 • The mineral resource estimate was Type and Zone Indicate
Slide 22: San Diego Resource Size Comparison
San Diego Resource Size Comparison One of the Largest Undeveloped Silver Projects in Mexico Ranking of the Largest Undeveloped Mexican Primary Silver Projects1 EDR - Pitarrilla 1,637 DSV - Cordero 1,381 SVRSSVRS – San Diego - San + Potential Diego + Potential2 398 VZLA - Panuco 333 AMM - Ixtaca 325
Slide 23: San Diego Geologic Model Key Exploration Zones
San Diego Geologic Model 4 Key Exploration Zones 1. 1849 Zone Geologic Model of the San Diego Project ▪ Broad zone of skarn mineralization with bulk tonnage potential 2. Fernandez Zone ▪ Broad intercepts of endoskarn mineralization with bulk tonnage potential 3. Montanez Zone ▪ Potential additional
Slide 24: San Diego Evolution of Geologic Model
San Diego Evolution of Geologic Model Grade Enhancement to Western Side & Up-Dip Mineralization 2020 Geologic Model1 2022 Geologic Model2 Silver Storm is focusing on exploration drilling closer to surface to establish open pit potential and connectivity with deeper mineralized system 1. Drill hole i
Slide 25: San Diego Fernandez Zone
San Diego Fernandez Zone Broad Intercepts, Bulk Tonnage Potential San Diego Phase 6 Drill Highlights From To Length Au Ag Pb Zn Ag.EQ1 Hole Zone m m m g/t g/t % % g/t Endoskarn 779.8 991.7 211.85 0.04 54.2 0.48 1.28 94.7 SD-12-47 Fringe 991.7 1004.4 12.7 0.02 31.7 0.26 1.26 65.3 SD-12-48 Endoskarn 6
Slide 26: San Diego 57 Target Discovery
San Diego 57 Target Discovery Confirms Open Pit Potential Above Fernandez • Hole 21-57 drilled 72 g/t Ag.Eq over 274 m commencing from surface • Historical database reviewed and several other holes were identified in proximity with similar results • Dimensions of identified mineralization is 220 m x
Slide 27: San Diego Work Program
San Diego Work Program On-Site Work to Drive Value at San Diego Outcropping Vein System Current Program • Soil sampling and ground geology • Investigations of outcropping veins • Identify targets for drilling Subject to Additional Funding • 5,000 – 10,000 m drill program • Infill drilling to follow
Slide 28: Silver Storm: A Compelling Opportunity
Silver Storm A Compelling Opportunity Considerable Re-Rating Potential 1,500 1,381 Global Resources (Moz AgEq1) 1,250 1,000 815 859 Silver Storm hosts 750 a sizeable Global 500 237 270 273 298 329 333 358 Resource base 178 (273 Moz AgEq1)… 250 147 168 55 61 73 15 0 Kuya Silver Sierra Golden Guanajua
Slide 29: Why Silver Storm Mining
Why Silver Storm Mining A Near-Term Silver Producer Development Clear, Low Risk Multiple Upcoming Opportunity at Attractive Valuation, Pathway to Production Catalysts San Diego Re-Rating Potential Catalysts ✓ Acquisition of La Parrilla Mining Complex August 2023 ✓ Initial Silver Storm Resource Estim
Slide 30: Appendix
Appendix 30
Slide 31: La Parrilla History
La Parrilla History Production History Dating Back to 1956 A Pillar of the Community for Over 60 Years • The first underground silver-gold-lead mines and processing facilities were constructed in 1956 • Several small mines were operated by Minera Los Rosarios (MLR) until 1999 when they were put on c
Slide 32: La Parrilla Historic Operations
La Parrilla Historic Operations 34.3 Moz Ag.Eq produced between 2006 and 2019 under FMS ownership1 • ~ 642,000 tonnes processed annually at a grade of 147 g/t Ag (from 2012 - 2018) • 2.37 Moz of average annual silver production; 3.52 Moz silver equivalent (~67% Ag + 33% Pb/Zn) • Cash costs during th
Slide 33: La Parrilla Historic Operations
La Parrilla Historic Operations 3.5M Ag.Eq. Oz produced at Avg. CC of $8.46/Ag.Eq from 2012 - 2018 (NoC) La Parrilla Historic Production and Costs1 Production & Costs Units 2012 2013 2014 2015 2016 2017 2018 Average Ore processed/milled tonnes 679,788 788,335 711,915 667,702 610,509 543,985 491,637
Slide 34: Mining at Depth
Mining at Depth 1 In Durango and Zacatecas, it is common to mine well beyond 300m below surface Parral, Endeavour Silver • AgEq Resources: 44.9 Moz • Mineralized veins up to 600 m Chihuahua Pitarilla, Endeavour Silver Guanacevi, Endeavour Silver • AgEq Resources: 1,358 Moz • AgEq Reserves: 17.6 Moz
Slide 35: La Parrilla Regional Exploration
La Parrilla Regional Exploration Large land package with very little historical work • Current Mineral Resource footprint La Parrilla Silver in Soil Samples (2019-2020) covers less than 790 ha (1%) of the West and Southwest of Mining Area land package • Recent property surveys ▪ Titan IP survey over
Slide 36: Near-Mine Exploration Opportunities
La Parrilla Near-Mine Exploration Opportunities Potential to Delineate New Zones Proximal to Current Mining Area • La Ilusion area 750 m to west of Rosarios operations La Parrilla 2016 Aeromagnetic Survey ▪ 2019-2020 soil sampling grid outlined Ag anomalies ▪ 2020 drilling resulted in new discovery
Slide 37: Regional Exploration – La Michilia
La Parrilla Regional Exploration – La Michilia Preliminary Prospecting Uncovered Potential Epithermal System Structures • The La Michilia permit area La Michilia Area (31,350 ha) has never been drilled • ASTER alteration map indicates large area with alunite on surface, which may be indicative of hy
Slide 38: La Parrilla Mineral Resource Estimate Notes
La Parrilla Mineral Resource Estimate Notes Notes for the Mineral Resource Estimate for La Parrilla as described in the ‘Independent Technical Report for the La Parrilla Silver Mine, Durango State, Mexico’, prepared by SRK Consulting, dated August 10, 2023 and available under the Company’s profile o
Slide 39: San Diego Mineral Resource Estimate Notes
San Diego Mineral Resource Estimate Notes Notes for the Mineral Resource Estimate for San Diego as described in the ‘NI 43-101 Technical Report: Updated Mineral Resource Estimate San Diego Project, Velardeña Mining District, Durango State, Mexico’, prepared by SGS Canada, with an effective date of A
Slide 40: Contact
Bay Adelaide Center - East Tower 22 Adelaide St West, Suite 2020 Toronto, ON M5H 4E3 Canada +1 (416) 504-2024 info@silverstorm.ca www.silverstorm.ca TSXV: SVRS | OTCQB: SVRSF | FSE: SVR