Investigator Silver Limited · ASX:IVR

Investigator Silver — Investigator Resources — Melbourne Mining Club Cutting Edge 2021

15 slides from Investigator Silver's conference presentation, Nov 30, 2021

  1. Slide 1: Thinking Silver? Think Investigator.

    For personal use only Thinking Silver? Think Investigator. Paris – Australia’s highest grade Silver project. Melbourne Mining Club – Cutting Edge 30 November 2021 ASX:IVR Investigator Resources Limited – Melbourne Mining Club Cutting Edge – 30 November 2021 1

  2. Slide 2: Disclaimer

    Disclaimer For personal use only The information in this presentation is published to inform you about Investigator Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that

  3. Slide 3: What do you need to know about Investigator?

    What do you need to know about Investigator? For personal use only • ASX listed – IVR • South Australia & Tasmania • Absolute leverage to Silver price • Paris Silver Project – South Australia: • PFS released today • 100% IVR owned • 53Moz Ag + 98kt Pb - JORC (2012) Resource • Regional exploration po

  4. Slide 4: Corporate Overview

    Corporate Overview For personal use only Capital Structure (as at 31 Oct 2021) Shares – ordinary 1,324M Options – unlisted1 28M Performance Rights2 10M Share Price 7.8c Example only 12-month range 1.1c to 12c Market Cap $105M Cash (*unaudited) ~$9.5M Share Register (as at 31 Oct 2021) Jupiter Asset

  5. Slide 5: South Australian tenements – all 100% IVR

    South Australian tenements – all 100% IVR For personal use only Eyre Peninsular • Peterlumbo: • Paris – high grade silver estimated resource • Exploration targets within 5km Paris • Uno, Morgans & Harris Bluff – Au, Ag, Pb & Zn Curnamona • Wiawera, Olary & Treloars – Cu, Au, Ag Stuart Shelf • DGO Fa

  6. Slide 6: Paris – the highest-grade undeveloped silver project in Australia

    Paris – the highest-grade undeveloped silver project in Australia For personal use only Investigator Resources Limited – Melbourne Mining Club Cutting Edge – 30 November 2021 6

  7. Slide 7: Silver Project: 100% IVR

    Paris Silver Project: 100% IVR For personal use only Paris….. the highest-grade undeveloped silver project in Australia. Pre-feasibility study*: • 8.6Mt @ 128 g/t Ag, producing 26.7Moz • Pre-Tax NPV8: A$202M • IRR: 54.1% • Capex: A$131M • Payback: ~2.3 years • Project life: 6 years • LOM Free Cash:

  8. Slide 8: Silver Project: The Mine

    Paris Silver Project: The Mine For personal use only • Open pit mined in 4 stages • Maximum depth ~100m • Anticipate 70% free dig/rip, limited drill & blast • Contract mining @ 2Mtpa • Significant cost benefits to mining faster • Not resource constrained Opportunities: • Infill drilling • Geotech dr

  9. Slide 9: Silver Project: The Plant

    Paris Silver Project: The Plant For personal use only • 3-stage crushing • Simple cyanide leach • Merrill Crowe silver recovery • Average silver recovery of 76% • Silver dore poured on-site • Dry stacked tailings disposal • Solar and diesel power generation Opportunities: • Pb recovery - targeted in

  10. Slide 10: Silver Project: Regional Exploration

    Paris Silver Project: Regional Exploration For personal use only Regional targets – within 5km of Paris 9,800m RC drilling (ASX: 10 May & 27 Oct 2021) • Ares – Gravity feature along strike from Paris • 2m @ 243g/t Ag • Paris East • 6m @ 122g/t silver, incl. 3m @ 228g/t Ag • Helen East • 49m @ 1.09%

  11. Slide 11: Project: Next steps – DFS, Approvals, Financing & Build

    Paris Project: Next steps – DFS, Approvals, Financing & Build For personal use only • Resource drilling Months Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Activity • Measured classification Stakeholder engagement 6 Permitting - application 4 • Potential extensions Permitting - approv

  12. Slide 12: Other Tenements – South Australia

    Other Tenements – South Australia For personal use only Uno & Morgans • Similar structural setting to Paris • Drilling to commence in December Curnamona • Cu, Ag and Ag potential • Soil sampling & mapping Stuart Shelf • DGO Gold earn-in • Zambian style sedimentary Cu • IOCG Cu, Au • 3,700m drilled i

  13. Slide 13: Silver - Growing use. Diminishing supply.

    Silver - Growing use. Diminishing supply. For personal use only Silver is both an industrial and a precious metal making it extremely versatile. A few facts about silver….. • It is the most conductive metal • 1oz can be drawn into a wire 1.5km long • Antibacterial, antiviral and antifungal uses • El

  14. Slide 14: Summary

    Summary For personal use only • Silver exposure – Paris is the highest grade primary undeveloped Ag project in Australia • Robust project PFS financials, opportunities to enhance • Known and straightforward pathway to approval • Regional exploration targets with potential to enhance Paris • Team wit

  15. Slide 15: Thank you

    For personal use only Thank you Andrew McIlwain, Managing Director 47 King Street, Norwood SA 5067 +61 (0) 8 7325 2222 amcilwain@investres.com.au Investigator Resources Limited – Melbourne Mining Club Cutting Edge – 30 November 2021 www.investres.com.au 15

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