Excellon Resources Inc. · TSXV:EXN

Excellon Resources — Investor Presentation (October 2021)

28 slides from Excellon Resources's investor presentation, October 2021

  1. Slide 1: Silver City: Re-discovering a World-Class Epithermal Silver Belt in Saxony

    SILVER CITY October 2021 RE-DISCOVERING A WORLD-CLASS TSX:EXN | NYSE:EXN | FRA:E4X2 EPITHERMAL SILVER BELT IN SAXONY www.excellonresources.com

  2. Slide 2: Company overview

    EXCELLON RESOURCES Company overview Kilgore & Oakley Idaho | RANKED #5 U.S. AND #7 GLOBAL* GOLD GERMANY GERMANY UNITED STATES Silver City Saxony SILVER MEXICO Platosa & Evolución COMBINED RESOURCES OF Durango & Zacatecas 72% PRECIOUS METALS SILVER-LEAD-ZINC In production Precious metals Base metals

  3. Slide 3: Portfolio Snapshot

    PORTFOLIO SNAPSHOT ESTABLISHED GROWTH PRODUCTION PIPELINE Platosa Mine’s high-grade silver Acquisition of Kilgore Project in Q2 2020 production, improving cost profile and for less than US$20/ounce, adding exceptional leverage to silver price US$300M NPV at US$1,800 Au and significant growth upside

  4. Slide 4: The Silver City Project: World-class scale and opportunity

    THE SILVER CITY PROJECT World-class scale and opportunity SILVER CITY  Located in the Erzgebirge (Ore Mountains of Saxony), near SAXONY Freiberg, 40 km west of Dresden SILVER  Accessible year round by road  Extensive epithermal Ag-Au, Pb-Zn-Cu system striking over 36 km  Four exploration license

  5. Slide 5: Silver City Project history

    SILVER CITY Project history 2017 –  Globex Mining Enterprises is granted the Bräunsdorf license area (165 km2) 2019  Data research, field work and initial target generation  Excellon options the Silver City Project from Globex 2019  Research collaboration with Helmholtz Institute Freiberg and TU

  6. Slide 6: Saxony: An exploration and mining centre with a long history

    SAXONY An exploration and mining centre with a long history  Over 800 years of mining history  Strong buisiness culture  Mining has a cultural heritage  Mining authority located in Freiberg  Saxon raw material strategy promoting Picture puzzle highlighting the different faces of mining in Saxon

  7. Slide 7: History of the Freiberg Silver Mining District

    HISTORY OF THE FREIBERG SILVER MINING DISTRICT Continuous silver production from 12th to early 20th century from Freiberg 7 TSX/NYSE: EXN

  8. Slide 8: Freiberg Mining Heritage

    FREIBERG MINING HERITAGE Deep, proud roots in mining and innovation  First documentation of mining dates back to 1185, after silver ore was discovered in a road cut near Freiberg  Mining for silver continued uninterrupted in the region for 800 years  In the late 19th century, the decreasing value

  9. Slide 9: Silver City Project Overview

    SILVER CITY PROJECT OVERVIEW Drill road in wheat field with Bräunsdorf water tower 9 TSX/NYSE: EXN

  10. Slide 10: Silver City Licenses

    SILVER CITY LICENSES Located in strategic locations Four licenses located in strategic locations within the Freiberg district:  BRÄUNSDORF: 165 km2 (Optioned from Globex, 2019)  MOHORN: 57 km2 (100% Excellon, 2021)  OEDERAN: 63 km2 (100% Excellon, 2021)  FRAUENSTEIN: 57 km2 (100% Excellon, 2021)

  11. Slide 11: R&D of Thesis and Potential

    R&D OF THESIS AND POTENTIAL Combining old and new data from all sources  Compilation from historical archive data & 3D modelling of old workings  Sampling of historical waste dumps and surface exposures  Soil geochemistry along prospective target trends  Mag and IP surveys, reprocessing of histo

  12. Slide 12: Community Engagement

    COMMUNITY ENGAGEMENT Engage early, be transparent and bring people and stakeholders into and along with the project!  Engaging local municipal council  Engaging local mining associations  Building relationships with all stakeholders from local and community levels through to municipal and sate re

  13. Slide 13: Confirming high-grade, district-scale epithermal silver system

    SILVER CITY Confirming high-grade, district-scale epithermal silver system Munzig  Exploration along two major geological trends: (1) gneiss to schist contact, and (2) schist to mafic volcanic rock contact  40% of the structure is under transported cover making these areas prospective for Trinity

  14. Slide 14: Confirming high-grade, district-scale epithermal silver system

    SILVER CITY Confirming high-grade, district-scale epithermal silver system  14 of 16 holes (3,700 m) intersected mineralized structures over a 12-kilometre SC20MUN015 strike length Hole ID From To Ag ppm Length Ag*m SC20GWO012 96.45 97.75 954 1.3 1240.4 AGBR05A20 207.75 208.2 911 0.45 409.95 SC20GW

  15. Slide 15: Mineralization & Textures

    MINERALIZATION & TEXTURES Analogous to other world-class districts REICHENBACH - AGBR10-20 Strongly altered mafic tuff hosting a hydrothermal quartz breccia with disseminated silver mineralization with visible silver sulfosalts GRAUER WOLF - SC20GWO12 Altered mafic hosting polymetallic-quartz compos

  16. Slide 16: Geology of the Freiberg Silver District

    GEOLOGY OF THE FREIBERG SILVER DISTRICT 16 TSX/NYSE: EXN

  17. Slide 17: Regional Geology

    REGIONAL GEOLOGY High-grade silver on the periphery of a large system  Variscan gneiss dome surrounded by schists  Paleozoic mafic volcanic rocks and clastic sediments  Carboniferous to permian igneous rocks  District with over 1000 NE-SW striking silver-base metal quartz-carbonate veins Base me

  18. Slide 18: Freiberg Epithermal Ag-Pb-Zn Mineralization

    FREIBERG EPITHERMAL Ag-Pb-Zn MINERALIZATION Mineralized envelope of 350-400 m indicated  Intermediate to low sulfidation epithermal deposit Ag-(Au), Pb-Zn- (Cu), analogous to Mexican deposits  Metal precipitation by fluid boiling and cooling  Silver concentration increases successively toward sha

  19. Slide 19: Genetic Model for Freiberg Mineralization

    GENETIC MODEL FOR FREIBERG MINERALIZATION Mafic contact significantly increases discovery potential 4 cm Quartz hematite vein Trinity @ 0.5 g/t Au, 4 g/t Ag Productive zone for precious metals precipitation Modified after Swinkels et al. (2019, 2020)  Vein float at Trinity represents quartz-hematit

  20. Slide 20: Silver City Central Trend

    SILVER CITY CENTRAL TREND Mineralization encountered at all targets in 2020  Most of the historical production was exploited from the major kink along the gneiss - mica schist Trinity contact  Fluid flow concentrated in dilation zones opened Grauer Wolf along curvilinear N-S striking contacts Pete

  21. Slide 21: Peter & Fortuna C Targets

    PETER & FORTUNA C TARGETS Schist-gneiss contact targets Galena and sphalerite & sericitic alteration in NQ drill core schist  Southern continuation of the Peter Vein along the mica schist - gneiss contact  Mineralization encountered in shallow depths, Peter 110 m precious metal and base metal gnei

  22. Slide 22: Bräunsdorf & Siegfried Targets

    BRÄUNSDORF & SIEGFRIED TARGETS Schist-gneiss contact targets volcanic package Bräunsdorf  Major contact between gneiss and mica schist  Magnetics indicate extension of the structure to SW to the Siegfried target schist  Primary precious metal mineralization and subordinate base metals gneiss  Hi

  23. Slide 23: New Discoveries on Mafic Trend

    NEW DISCOVERIES ON MAFIC TREND Mafic trend discoveries significantly increase potential Trinity SC20GWO012 1.3 m @ 1,043 g/t AgEq Grauer Wolf Peter Vein SC21REI024 mineralized breccia over 4.5 m Reichenbach AGBR0120 0.7 m @ 505 g/t AgEq  Mafic trend reveals the same structural repeat with high- Brä

  24. Slide 24: Grauer Wolf & Reichenbach Targets

    GRAUER WOLF & REICHENBACH TARGETS Mafic-schist contact target Lattice bladed calcite & sericitic alteration Grauer Wolf Pyrargyrite volcanic veinlets rocks schist  Mineralization encountered 70 m below surface  Silver-rich mineralogy and shallow boiling indicates a distal mineralization with down

  25. Slide 25: Trinity Target (2021 New Target)

    TRINITY TARGET (2021 NEW TARGET) Mafic-schist contact target Quartz-hematite 1 cm breccia volcanic rocks  N-S strinking contacts represent a prospective strucutral setting similar to Kleinvoigstberg  Abundant quartz-hematite float with Kleinvoigtsberg anomalous Ag (up to 12 g/t). Similar samples c

  26. Slide 26: Historical Shallow Workings in Windows Through Cover

    HISTORICAL SHALLOW WORKINGS IN WINDOWS THROUGH COVER Targeting extensions and geophysical features Historical exploration:  Outcrops / gossans  Vegetation  Snow melting & dew formation  Lightning strikes  in-situ soils were an important historical exploration tool, but the mafic belt is under t

  27. Slide 27: Work on New Licenses

    WORK ON NEW LICENSES Kicking off regional work  Prospecting, mapping, soil data over major trends  Archive research and 3D vein modelling based on historical mine records 27 TSX/NYSE: EXN

  28. Slide 28: Vision and Mission

    VISION To Create Wealth MISSION We realize strategic opportunities through discipline and innovation for the benefit of our employees, communities and shareholders.

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