Silver Mines Limited · ASX:SVL
Silver Mines — Investor Presentation (June 2018)
34 slides from Silver Mines's investor presentation, June 2018
Slide 1: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System ASX:SVL Corporate Presentation June 2018
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 UNLOCKING A MAJOR MINERALISED SYSTEM THROUGH EXPLORATION SUCCESS • Major Exploration Targets: • Confirmed significant extensions to mineralisation close to mine. • Discovered new base-metal massive sulphide including gold. • Discovered porphyritic felsic intrusion u
Slide 4: Silver Mines Limited Snapshot
Silver Mines Limited Snapshot Capital Structure ASX:SVL Shares on Issue 512.8m Options Current Share Price A$0.044 Jun 2019 @ $0.30 9.0m Undiluted Market Capitalisation A$22.0m 3 year milestone @ $0.20 5.0m Cash end Mar 2018 A$2.0m Directors (refer to Appendix 5) Institutional Shareholders Keith Per
Slide 5: Quality Jurisdiction – New South Wales, Australia
Quality Jurisdiction – New South Wales, Australia 5
Slide 6: Quality Jurisdiction
Quality Jurisdiction • New South Wales, Australia a quality jurisdiction. • Major minerals projects in the state include; o Cadia/Ridgeway, Newcrest (650,000oz Au, 65,000t Cu pa). o Cowal, Evolution (260,000oz Au pa). o Northparkes, CMOC (60,000t Cu, 50,000oz Au pa). o Plus coal mining exports (170
Slide 7: Feasibility Study
Feasibility Study September 2017 Mineral Resource Complete (275 Moz Ag Eq) May 2018 Ore Reserve Complete (97 Moz Ag Eq) June 2018 2018/2019 Feasibility Study Complete EIS and Approvals 7
Slide 8: Feasibility Study Complete
Feasibility Study Complete Physical Metrics Unit Value Production Life Years 16 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 AUD M USD M Revenue 1,899.5 1,4
Slide 9: The Permian of Eastern Australia
The Permian of Eastern Australia • The Permian volcanics of eastern Australia contain high-grade, epithermal and porphyry related gold, copper, silver and base-metal deposits. • The Bowdens Silver Project is a SILVER rich system but has geological affinities to GOLD and COPPER rich deposits such as
Slide 10: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System 10
Slide 11: Regional Geology
Regional Geology • Extensive tenement holding (1,654 km2 = 408,000 acres) controlled by Silver Mines. • Northeast corner of Lachlan Fold Belt, coal bearing Sydney and Gunnedah basins to the north and east. • Wide range of prospective deposit types over different time periods (Siluro-Devonian, Carbon
Slide 12: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System 163 Moz Ag 275 Moz Ag Eq 12
Slide 13: Near Mine Mineralised System
Near Mine Mineralised System 13
Slide 14: Near Mine Mineralised System
Near Mine Mineralised System 14
Slide 15: Near Mine Mineralised System
Near Mine Mineralised System 15
Slide 16: Massive Sulphide Discovery – Bowdens Deeps
Massive Sulphide Discovery – Bowdens Deeps • Massive to semi-massive sulphide discovery. • ~100 metres below the previous resource. • Mineralised zone over 315 metres. • Significant gold content. • Results include: • 31.25m @ 3.24% Zn, 1.88% Pb, 23g/t Ag, 0.4g/t Au (218g/t AgEq) including; • 18.25m
Slide 17: Discovery of Porphyritic Intrusion – Bowdens Deeps
Discovery of Porphyritic Intrusion – Bowdens Deeps • Significant discovery of porphyritic felsic intrusion beneath the Bowdens Silver deposit. • The intrusion is associated with strong metal zonation consistent with potential porphyry associated gold-copper mineralisation. • Highly anomalous molybde
Slide 18: Near Mine Mineralised System – Current Drilling
Near Mine Mineralised System – Current Drilling • Current drilling • Northwest Zone - High- grade silver and base metals directly underneath Ore Reserve extending west. • Southwest Zone – High grade zinc coinciding with strong IP anomaly. 18
Slide 19: Near Mine Mineralised System – Current Drilling
Near Mine Mineralised System – Current Drilling • High-grade silver and base metal mineralisation between 10 and 30 metres • Currently defined over a strike length of 150 metres and open in several directions. • Potential for the development of underground mining tonnages. 19
Slide 20: Barabolar Project
Barabolar Project Highly Altered and Mineralised Skarn 20
Slide 21: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System MINERALISED MINERALISED SKARN SKARN 21
Slide 22: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System • Barabolar Project area located 10 kilometres northwest of the Bowdens. • 9000 x 2000 metre corridor of base-metal and precious metal soil anomalies. • Mineralised skarn mapped over 3500 by 800 metres. • Porphyry system type alteration assemblages. • Several hig
Slide 23: Copper Anomalism
Unlocking a Major Mineralised System COPPER COPPER ANOMALISM ANOMALISM 23
Slide 24: Molybdenum Anomalism
Unlocking a Major Mineralised System MOLYBDENUM MOLYBDENUM ANOMALISM ANOMALISM 24
Slide 25: Kia Ora Skarn (Barabolar Project)
Kia Ora Skarn (Barabolar Project) Work Program - Geological and structural mapping complete. - Soil program complete highlighting extensive Cu-Mo-Zn-Ag-Au anomalism. - Induced Polarisation (IP) program (~30 line kms) to be complete early July. - Initial drilling 2nd half year calendar 2018. Highly a
Slide 26: Coming up
Coming up • Completion of Environmental Impact Statement. • Continue to expand Northwest High-Grade Zone. • Drill Test of Southwest Target Zone. • Complete IP geophysics at Barabolar. • Target & Drill Test Barabolar 2nd half 2018 calendar year. • Continue to expand mineral resources and targets in t
Slide 27: Summary
Summary Largest undeveloped silver deposit in Australia and one of the largest globally - extensive exploration play. Completion of Minerals Resources Sept 2017. Completion of maiden Reserve Statement May 2018. Completion of Feasibility Study June 2018. Discovered new high-grade silver zon
Slide 28: For further information please contact: Anthony McClure
For further information please contact: Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 Luke Forrestal Senior Account Director M+C Partners +61 411 479 144 28
Slide 29: Appendix 1 – Bowdens Silver Reserve
Appendix 1 – Bowdens Silver 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 2.27
Slide 30: Appendix 2 – Bowdens Silver Resource
Appendix 2 – 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 31: Appendix 3 - Bowdens Silver Resource
Appendix 3 - 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 32: Appendix 4 - Silver Mines Resource Inventory
Appendix 4 - Silver Mines Resource Inventory 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. For further informat
Slide 33: Appendix 5 ̶ Board of Directors
Appendix 5 ̶ Board of Directors Keith Perrett, Chairman Mr Perrett has had a long involvement in agriculture as a producer and industry leader at local, state, national and international levels. He was formerly Chairman of the Grains Research and Development Corporation (GRDC), the National Rural Ad
Slide 34: 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