Silver Mines Limited · ASX:SVL
Silver Mines — Investor Presentation (February 2021)
29 slides from Silver Mines's investor presentation, February 2021
Slide 1: Corporate Presentation February 2021
Corporate Presentation February 2021
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 BOWDENS SILVER A MAJOR ASSET FOR DEVELOPMENT Feasibility complete for 2.0 Mtpa development. Submitted for Development Approval. One of the largest undeveloped silver deposits globally. Major Exploration Targets at Bowdens and surrounds: Confirmed significant high-gr
Slide 4: Silver Mines Limited Snapshot
Silver Mines Limited Snapshot Capital Structure ASX:SVL Shares on Issue 1,178.3m1 Options Current Share Price A$0.275 Sept 2021 @ $0.06 111.8m Undiluted Market Capitalisation A$324.0m Aug 2021 @ $0.10 4.65m Cash (end December 2020) A$33.6m1 3 year milestone @ $0.20 5.0m Directors Institutional Share
Slide 5: Quality Jurisdiction - New South Wales, Australia
Quality Jurisdiction - New South Wales, Australia • New South Wales, Australia a quality jurisdiction. • Major minerals projects in the state include; Cadia/Ridgeway, Newcrest (650,000oz Au, 65,000t Cu pa). Cowal, Evolution (260,000oz Au pa). Northparkes, CMOC (60,000t Cu, 50,000oz Au pa). P
Slide 6: Bowdens Silver – A Major Asset
Bowdens Silver – A Major Asset • 100% owned. • Mineral Resource 275 Moz silver Eq (163 Moz silver). • The largest undeveloped silver deposits in Australia and one of the largest in the world. • Feasibility Study complete. • Development Application and Environmental Impact Statement (EIS) submitted.
Slide 7: Bowdens Silver Timeline
Bowdens Silver Timeline September 2017 Mineral Resource Complete (275 Moz Ag Eq) May 2018 Ore Reserve Complete (97 Moz Ag Eq) June 2018 May 2020 2020/21 Feasibility Study EIS Complete Approval Complete DA Submission Processes 7 & Optimisation
Slide 8: Bowdens Silver Feasibility Study - Sensitivities
Bowdens Silver Feasibility Study - Sensitivities 2018 Upside Case2 2018 Base Case1 Physical Metrics Unit Value Unit Value Production Life Years 16.5 Years 16.5 Ore Mined Mt 29.9 Mt 29.9 Waste Mined Mt 48.2 Mt 48.2 W:O Strip Ratio x 1.6 x 1.6 Ag Recovered in Concentrate Moz 52.91 Moz 52.91 Zn Recover
Slide 9: Bowdens Silver Feasibility Study - Sensitivities (cont.)
Bowdens Silver Feasibility Study - Sensitivities (cont.) 2018 2018 2018 2018 Upside Case Upside Case Base Case Base Case A$m2 US$m2 A$m1 US$m1 Revenue (LOM) 2162.0 1621.5 1899.5 1424.6 EBITDA (Average first 3 years) 116.5 87.4 88.7 66.5 NPV5 (Pre Tax) 317.5 237.9 143.9 107.9 IRR 32.8% 32.8% 20.8% 20
Slide 10: Bowdens Silver Exploration: A Major Silver System
Bowdens Silver Exploration A Major Silver System 10
Slide 11: Regional Geology
Regional 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 demonstrates that the eastern limb o
Slide 12: Regional Geology
Regional Geology • Extensive tenement holding (2007 km2 = 496,000 acres) controlled by Silver Mines. • Northeast corner of Lachlan Fold Belt & Macquarie Arc. • Wide range of prospective deposit types over different time periods (Ordovician, Siluro-Devonian, Carboniferous and Permian). • Mineral depo
Slide 13: Site Geology
Site Geology 163 Moz Ag 275 Moz Ag Eq 13
Slide 14: Bowdens Silver Extensions
Bowdens Silver Extensions • First target is Northwest Zone that contains high-grade silver with zones up to 15 metres thick, 200 metres wide and 250 metres down plunge. • Open in several directions. • Also to target buried porphyry source and structural control in the NW target corridor. • 10,000 me
Slide 15: Bowdens Silver Extensions
Bowdens Silver Extensions 15
Slide 16: Barabolar Project: Unlocking a Major Mineralised System
Barabolar Project Unlocking a Major Mineralised System Highly Altered and Mineralised Skarn 16
Slide 17: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System • Barabolar Project area located 10 kilometres northwest of Bowdens. • 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 assemblages. • Several high or
Slide 18: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System MINERALISED SKARN 18
Slide 19: Geophysics and Drilling
Geophysics and Drilling • Induced Polarisation (IP) program (~30 line kms) completed. • Substantial gravity survey completed with interpretation being finalised. • Drilling program first half 2021 (subject to approvals). 19
Slide 20: Tuena Gold Project: Unlocking a New Mineralised System
Tuena Gold Project Unlocking a New Mineralised System 20
Slide 21: 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. • A
Slide 22: Looking Forward
Looking Forward • Strong Market for Precious Metals. • Bowden Silver Development Application submitted with a clear pathway approvals. • Bowdens high-grade targets being addressed in expanded 10,000 metre drilling program o Drill results continuing through first half 2021. o High-grade results adjoi
Slide 23: Anthony McClure, Managing Director
Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 23
Slide 24: Appendices
24 Appendices “a, SI / MINES LIMITED
Slide 25: 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 26: 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 27: Bowdens Silver Resource Grade Tonnage Curve
Bowdens Silver Resource 200 180 160 140 Grade (g/t) 80 60 40 20 27 120 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 28: 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 29: 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