Silver Mines Limited · ASX:SVL
Silver Mines — Ord Minnett East Coast Mining Conference 2023
22 slides from Silver Mines's conference presentation, March 2023
Slide 1: Ord Minnett East Coast Mining Conference Presentation - March 2023
Ord Minnett East Coast Mining Conference Presentation - March 2023
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) 1,404.0 1,404.0 The consolidated project is 100% held and the area comprises 1,950km2 (480,000 acres) of titles cove
Slide 4: Silver Mines Limited: Progress
Silver Mines Limited: Progress Recent Highlights Silver Mines Limited Share Price Graph Lodgement of Development Application for the Bowdens 0.40 100 Silver open-cut mine development. 0.35 90 December 2022 - Government recommended the Project 0.30 80 for approval. 0.25 70 SVL Share Price (A$)
Slide 5: Bowdens Silver Project: Overview
Bowdens Silver Project: Overview Highlights Timeline of Major Milestones September 2017 The largest silver development project in Australia and Open-Cut Mineral Resource completed (275 Moz AgEq) one of the largest globally with a current JORC-compliant May 2018 Mineral Resource base of 318Moz* sil
Slide 6: Bowdens Silver Project: 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). • Mid-Carboniferous Rylstone Volcanics (~
Slide 7: Bowdens Silver: Mine Geology
Bowdens Silver: Mine Geology 7
Slide 8: Mine Development
Bowdens Silver Mine Development 8
Slide 9: Bowdens Silver Project: 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: Bowdens Silver Project: Optimisation Program
Bowdens Silver Project: Optimisation Program Expansion and Optimisation Program An additional 50,000 metres of drilling in and around the pit completed since the Feasibility was completed. Maiden Underground Mineral Resource Statement complete (42.9 Moz Ag Eq). Scoping Study commenced for a po
Slide 11: Silver Demand
Silver Demand Silverware 5% • Substantial demand for silver in a Investment Photography (Coins & Bars) 3% growing market. 25% • Used in most electronics, for water purification, robotics, industrial automation, aerospace, pharmaceuticals, and biosciences. • Solar power, 5G electronics and EVs invest
Slide 12: Exploration: A Major Silver System
Bowdens Silver Exploration A Major Silver System 12
Slide 13: Bowdens Silver Project: Extensions
Bowdens Silver Project: Extensions Northwest Zone, Aegean and Bundarra Zones contains high-grade silver directly under the planned open-cut pit. Drilling demonstrates that the Northwest and Aegean Zones are likely to be connected. Bundarra Zone with greater base metal (zinc & lead) plus gold.
Slide 14: Bowdens Silver Project: Extensions
Bowdens Silver Project: Extensions 14
Slide 15: Bowdens Silver Project: Seismic Program
Bowdens Silver Project: Seismic Program 15
Slide 16: Bowdens Silver Project: Seismic Program
Bowdens Silver Project: Seismic Program 16
Slide 17: Key Conclusions
Bowdens Silver Project: Key Conclusions Considerable exploration potential with extensive drilling underway. Confirmed significant high-grade extensions to The largest silver development project in Australia and one mineralisation close to mine. Underground Mineral Resource of the largest global
Slide 18: Anthony McClure, Managing Director, Silver Mines Limited
Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 18
Slide 19: Appendix 1 – Bowdens Silver Ore Reserve
Appendix 1 – 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 20: Appendix 2 – Bowdens Silver Open Cut Resource
Appendix 2 – Bowdens Silver Open Cut 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 0.3
Slide 21: Appendix 3 – Bowdens Silver Underground Resource
Appendix 3 – Bowdens Silver Underground Resource (as at September 2022) 150 g/t Ag Eq Cut Tonnes Silver Eq. Silver Zinc Lead Gold Million (Mt) (g/t) (g/t) (%) (%) (g/t) Ounces Silver Eq. Measured 1.55 212 139 0.82 0.73 0.10 10.6 Indicated 2.01 217 55 2.02 1.12 0.31 14.1 Measured & Indicated 3.56 214
Slide 22: 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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