Capitan Silver Corp · TSXV:CAPT
Capitan Silver — Investor Presentation (March 2025)
23 slides from Capitan Silver's investor presentation, March 2025
Slide 1: Corporate Presentation March 2025
CORPORATE PRESENTATION MA R CH 2 0 2 5 T SX - V : C AP T
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements This document contains forward-looking statements and factual information that are current as of the date the document was originally created for Capitan Silver Corp. (“the Company”) disclaims any intention or obligation to update or revise any forward-looking s
Slide 3: Investment Opportunity
C AP ITAN S I LV ER C O R P. New Silver Exploration Company INVESTMENT • The original mines and property which launched Penoles Mining Company in the late 1890’s (Past producing high grade silver district) OPPORTUNITY • First time since the Mexican Revolution that this property has been consolidated
Slide 4: A Disciplined Approach
C AP ITAN S I LV ER C O R P. A DISCIPLINED APPROACH No Free Tight Share Quality Royalty Shares Structure Financings Free • No free shares issued to • CAPT has one of the tighest • Last two financings have been • CAPT management has founders, management or share structures amongs its completed at a +
Slide 5: Share Structure
MA R CH 2 0 2 5 Shared Issued Options SHARE 98.3M 6.2M STRUCTURE Warrants Market Cap 13.3M $44.2M Top 3 Shareholders (on a partially diluted basis) Jupiter Gold & Silver Fund – 17.0% Michael Gentile – 14.4% Construplan – 11.1% Fully Diluted Shares Tightly Held 117.8M +70% T SX - V : C AP T 5
Slide 6: A Team That Delivers
L EA D ER S H IP B O A R D O F D IR E CT O R S MANAGEME NT 2019 2004 A TEAM Alberto Orozco CEO President Sonora Mining Cluster Alberto Orozco C EO ARGONAUT GOLD PEDIMENT GOLD LINEAR GOLD THAT Rob Scott GREAT BEAR RIVERSIDE Previously with Argonaut Gold, C FO RESOURCES RESOURCES Pediment Gold, Linear
Slide 7: Cruz de Plata
Los Gatos Cordero Cruz de Plata Parral Project S ILVE R - G OL D PRO JEC T Platosa CRUZ DE PLATA Guanaceví TORREÓN Pitarrilla Ojuela Located in friendly mining State of Durango Tahuehueto Topia Rodeo Velardeña El Castillo Peñasquito At the heart of Mexico’s silver belt; Cienega San Agustín near mult
Slide 8: A Historically-Producing, High-Grade Silver Asset
C RU Z D E PL ATA A HISTORICALLY- PRODUCING, HIGH-GRADE SILVER ASSET The Cruz de Plata district is the birthplace of the Peñoles Mining company. Its first mines, Jesús María and San Rafael, commenced production in late 1800’s Underground production (1887-1908) • Jesus María mine Produced grades from
Slide 9: High-Grade Silver
C RU Z D E PL ATA HIGH-GRADE SILVER Highlights Drill holes Includes: JM_DDH_13_06: JM_DDH_14_24: 13.7m of 381.06 g/t AgEq 42.0m of 244.72 g/t AgEq INCL. 0.9m of 3,567 g/t AgEq INCL. 7.15m of 1,024.8 g/t AgEq 21-JMRC-10: JM_DDH_13_07: 16.8m @ 309.82 g/t AgEq 6.0m of 368.3 g/t AgEq INCL. 1.5m @ 2,250.
Slide 10: Deposit Type: Intermediate Sulphidation Epithermal Systems
C RU Z D E PL ATA DEPOSIT TYPE : INTERMEDIATE SULPHIDATION EPITHERMAL SYSTEMS • Capitan’s Cruz de Plata Project is an Intermediate Sulphidation Epithermal System. These assets are coveted by majors as they: o Are some of the largest silver deposits in Mexico o Have potential to be ”Company Makers” w
Slide 11: Geology
C RU Z D E PL ATA GEOLOGY Robust Mineralized System Different Styles Of Mineralization NORTH • Polymetallic (Ag-Au-Pb-Zn) replacement veins (Jesus María / El JM North Refugio) Capitan Hill Jesus María Chip sample: 0.6m Vein • Ag-Au epithermal veins (San Rafael / Gully Fault) OxideGold Deposit @414g/
Slide 12: Jesus Maria Vein
C RU Z D E PL ATA JESUS MARIA VEIN Jesus María Vein Scale Potential 1. Expanded on strike length from 800 to 1,300m with new property 2. Expanded down-dip 3. Open on strike and at depth 4. Vein thickness consistent. As wide as 21m (TW) 5. New drill holes expanded favorable zones at depth 6. Only abo
Slide 13: Comparison to Vizsla Silver
C RU Z D E PL ATA COMPARISON TO VIZSLA SILVER Jesús María Vein Longitudinal section Longitudinal section of the Napoleon vein as reported on Vizsla Silver press release dated October 06, 2020 (AgEq Grade) X (Est. True Width) 100 250 500 1,000 1,500 2,000 +5,000 Refer to previously published drill ho
Slide 14: Greater Scale Potential
C RU Z D E PL ATA GREATER SCALE POTENTIAL WSW ENE Jesús María Vein Santa Teresa Vein No drilling OPEN OPEN OPEN OPEN OPEN OPEN OPEN OPEN A’ OPEN OPEN A New property New property Cruz de Plata Project • Silver system has great scale potential • 2.8 km silver-mineralization trend controlled by Capitan
Slide 15: Gully Fault Zone
Cruz de Plata Project Jesus María West Vein & Gully Fault Zone silver targets C RU Z D E PL ATA GULLY FAULT ZONE Gully-Fault, Silver-Gold Mineralization a b 1. A potentially younger, cross-cutting structure to Jesus Maria 2. Higher in Ag-Au relative to Pb-Zn (low base metals) compared to Jesus Maria
Slide 16: Case Study: MAG Silver
C RU Z D E PL ATA CASE STUDY: MAG SILVER Similarities to MAG Silver’s Venadas and Venadas West zones: 1. Capitan Silver’s Cruz de Plata and Mag Silver’s Juanicipio are both intermediate sulfidation systems that have strong vertical continuity. 2. At an angle or cross-cutting relative to polymetallic
Slide 17: Cruz de Plata Revised Interpretation
C RU Z D E PL ATA REVISED INTERPRETATION • Capitan has revised its interpretation of mineralized structures at Cruz de Plata based on surface and drill data available to date • Significant scale has been identified in several structures which are prospective for future silver and gold discoveries •
Slide 18: Valuation
VALUATION ANALYST COVERAGE: ATRIUM RESEARCH – BEN PIRIE AGENTIS CAPITAL – MICHAEL GRAY HAYWOOD – KERRY SMITH (RETIRED) T SX - V : C AP T 18
Slide 19: Appendix
Appendix 19
Slide 20: Capitan Hill Gold Deposit
C R UZ D E P L ATA CAPITAN HILL GOLD DEPOSIT T SX - V : C AP T 20
Slide 21: Capitan Hill Oxide, Gold Deposit
C RU Z D E PL ATA CAPITAN HILL OXIDE, GOLD DEPOSIT 2020-2021 Significant Resource Expansion Potential Drilling by previous operators 2011-2014 (6,717m) Metres Added 12,209m of RC drilling in 2020-2021 (Increased total drilling at Drilled Capitan by 280%) Mineralized Main zone nearly doubled on strik
Slide 22: Capitan Hill Oxide, Gold Deposit
C RU Z D E PL ATA CAPITAN HILL OXIDE, GOLD DEPOSIT SW 195.1 m @ 0.34 g/t Aueq Incl. 38.1m @ 0.63 g/t Aueq NE 7.15m of 988 g/t Ag and SECTION 50 incl.10.7m @ 0.95 g/t Aueq 1.24 g/t Au Within a wider Cruz de Plata Project - interval of 70.8m of 147.8 g/t 2100 RL Ag, 0.37 g/t Au 2021 Drill Program Jesu
Slide 23: Contact Us
CONTACT US info@capitansilver.com www.capitansilver.com