Silver Mines Limited · ASX:SVL
Silver Mines — Shareholder Meeting (November 2019)
34 slides from Silver Mines's shareholder meeting presentation, Nov 8, 2019
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 8 November 2019
Slide 2: Disclaimer
Disclaimer For personal use only 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
Slide 3: Silver Mines Limited Introduction
Silver Mines Limited Introduction For personal use only BOWDENS SILVER A MAJOR ASSET FOR DEVELOPMENT Feasibility complete for 2.0 Mtpa development. One of the largest undeveloped silver deposits globally. New South Wales, Australia is a safe quality jurisdiction. UNLOCKING A MAJOR MINERALISED SYSTEM
Slide 4: Silver Mines Limited Snapshot
Silver Mines Limited Snapshot For personal use only Capital Structure ASX:SVL Shares on Issue 867.5m Options Current Share Price A$0.10 Sept 2021 @ $0.06 118.1m Undiluted Market Capitalisation A$86.7m Aug 2021 @ $0.10 8.5m Cash (end September 2019) A$10.6m 3 year milestone @ $0.20 5.0m Directors Ins
Slide 5: Quality Jurisdiction - New South Wales, Australia
Quality Jurisdiction - New South Wales, Australia For personal use only • 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
Slide 6: Bowdens Silver – A Major Asset
Bowdens Silver – A Major Asset For personal use only • 100% owned. • Mineral Resource 275 Moz Ag Eq • One of the largest undeveloped silver deposits in the world. • Feasibility complete. • EIS to be submitted shortly along with application for development approvals. • Primary aspects of EIS now comp
Slide 7: Silver Uses
7 For personal use only Silver Uses
Slide 8: Bowdens Silver Feasibility Study
Bowdens Silver Feasibility Study For personal use only September 2017 Mineral Resource Complete (275 Moz Ag Eq) May 2018 Ore Reserve Complete (97 Moz Ag Eq) June 2018 2019/2020 Feasibility Study Complete EIS and Approvals 8
Slide 9: Bowdens Silver Feasibility Study
Bowdens Silver Feasibility Study For personal use only Physical Metrics Unit Value Production Life Years 15.5 Ore Mined Mt 29.9 Waste Mined Mt 48.2 W:O Strip Ratio x 1.6 Ag Recovered in Concentrate Moz 52.91 Zn Recovered in Concentrate kt 108.0 Pb Recovered in Concentrate kt 79.3 Financial Metrics A
Slide 10: Environmental Impact Statement (EIS)
Environmental Impact Statement (EIS) For personal use only • Preliminary key components of the EIS confirm favourable outcomes. • Minimal impacts on surface water and groundwater. • A new water pipeline to be built providing water for processing sourced from nearby coalfields. • Substantial local ec
Slide 11: Bowdens Silver Exploration
Bowdens Silver Exploration For personal use only A Major Silver System 11
Slide 12: Regional Geology
Regional Geology For personal use only • 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 t
Slide 13: Regional Geology
Regional Geology For personal use only • 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 Pe
Slide 14: Site Geology
Site Geology For personal use only 163 Moz Ag 275 Moz Ag Eq 14
Slide 15: Bowdens Silver Extensions
Bowdens Silver Extensions For personal use only • Expanded exploration program commenced in September 2019 to assess along strike and depth extensions to the Bowdens Silver Deposit. • Assess Bundarra Deeps where massive to semi-massive sulphide including gold has been discovered over +30m widths. •
Slide 16: Bowdens Silver Extensions
Bowdens Silver Extensions For personal use only • Assess the Northwest Zone that contains high-grade silver and base metal mineralisation between 10 and 30 metres thick currently defined over a strike length of 150 metres and open in several directions. • Conducted high resolution geophysical gravit
Slide 17: Barabolar Project
Barabolar Project For personal use only Unlocking a Major Mineralised System Highly Altered and Mineralised Skarn 17
Slide 18: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System For personal use only • 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 assembla
Slide 19: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System For personal use only MINERALISED SKARN 19
Slide 20: Geophysics and Drilling
Geophysics and Drilling For personal use only • Induced Polarisation (IP) program (~30 line kms) completed. • Substantial gravity survey completed with interpretation being finalised. • Deep drilling program (up to 4000 metres) commencing early 2020 (subject to approvals). 20
Slide 21: Tuena
Tuena For personal use only Unlocking a New Mineralised System 21
Slide 22: Tuena
Tuena For personal use only • 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) • Extensive regional soil sampling program complete and being expanded. NEW • M
Slide 23: Tuena
Tuena For personal use only • Substantial gold in soil anomalism over a 5.4km by 1.5km corridor. • Peeks Reef Prospect 900m x 200m soil anomaly >25ppb gold with individual soil assays up to 268ppb gold and rock chip assays up to 76.4g/t gold. • Cooper & McKenzie Prospect with 850m x 200m soil anomal
Slide 24: Tuena
Tuena For personal use only • Gold anomalism northern area. Highly altered mineralised skarn 24
Slide 25: Tuena
Tuena For personal use only • Substantial arsenic (a pathfinder element for gold) in soil anomalism. Highly altered mineralised skarn 25
Slide 26: Looking Forward
Looking Forward For personal use only • Completion of Bowdens Silver Environmental Impact Statement 4th quarter 2019. • Submission for Development Consent. • Stronger Market for Precious Metals. • Bowdens Silver new expanded exploration program o 275 Moz silver Eq system open to north and at depth.
Slide 27: Anthony McClure, Managing Director
For personal use only Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 27
Slide 28: Appendices
28 For personal use only Appendices
Slide 29: Appendix – Bowdens Silver Resource (as at September 2017)
Appendix 1 – Bowdens Silver Resource (as at September 2017) For personal use only 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
Slide 30: Appendix - Bowdens Silver Resource (as at September 2017)
Appendix 2 - Bowdens Silver Resource (as at September 2017) For personal use only 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
Slide 31: Bowdens Silver Resource
Bowdens Silver Resource For personal use only 31
Slide 32: Appendix - Silver Mines Resource Inventory
Appendix 3 - Silver Mines Resource Inventory For personal use only Deposit name Tonnes Silver Eq. Silver Silver Silver Eq. Status (Mt) (g/t) (g/t) (Moz) (Moz) Bowdens Silver 128 67 40 163 275 100% owned Webbs1 1.5 345 245 11.7 16.5 100% owned Conrad1 2.6 206 105.4 9.0 17.5 100% owned Total 184 309 1
Slide 33: Appendix – Bowdens Silver Reserve (as at May 2018)
Appendix 4 – Bowdens Silver Reserve (as at May 2018) For personal use only 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.
Slide 34: Competent Persons Statements
Competent Persons Statements For personal use only 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 me