Unico Silver Limited · ASX:USL
Unico Silver — Investor Presentation (June 2025)
22 slides from Unico Silver's investor presentation, Jun 23, 2025
Slide 1: Building the next Tier-One Silver Development Company
For personal use only Building the next Tier-One Silver Development Company 50,000m drill program underway, unlocking new discoveries and growth Investor Presentation Unico Silver June 2025 ASX:USL
Slide 2: Forward Looking Statements and Disclosures
Forward Looking Statements and Disclosures DISCLAIMER COMPETENT PERSON STATEMENT The following material is for general information purposes only and is not to be This presentation contains information extracted from previous relied upon for the making of an investment decision. Any investment in Uni
Slide 3: Corporate Snapshot
Corporate Snapshot 438M $19.8M Share Price – 1 year 0.4 Shares Cash (AUD) 0.35 For personal use only 0.3 Share Price (AUD) 113M 36.5M 0.25 0.2 Market capitalisation (AUD) Options / Performance Rights 0.15 0.1 Market capitalisation at 26 cents AUD per share 0.05 Cash balance as of 31 March 2025 0 Jun
Slide 4: Vision and Investment Summary
Vision To grow a globally significant silver development company with +300Moz silver equivalent resources. Investment Summary For personal use only Point Of Track Record of Resource Difference Delivery Growth Potential Emerging silver developer Five acquisitions completed in two years, Two high-grad
Slide 5: Logical consolidation of underexplored, undercapitalised silver district
Logical consolidation of underexplored, undercapitalised silver district Two adjacent Large resource Historical Market silver districts base Comparable never held by a For personal use only single junior Coeur Mining 160Moz @ acquired 49% of 5 separate 151gpt AgEq Joaquin for USD transactions Ind, I
Slide 6: Single Asset Silver Miners: Global M&A
Single Asset Silver Miners: Global M&A Projects of scale produce 5-7Moz silver per annum SILVERCREST GATOS SILVER MAG SILVER ADRIATIC METALS Acquired for USD$1.7B Acquired for USD$970M (70%) Acquired for USD$2.1B (44%) Proposed USD$1.3B (100%) Details acquisition (Oct 2024) (Oct 2024) (May 2025) (Ju
Slide 7: Plus and Beyond Exploration and Development Strategy
Plus 150 and Beyond 300 Exploration and Development Strategy Immediate plan to transition from explorer to development focusing on “high- value” free-milling silver ounces. For personal use only • Exploration Target (Table 4) (lower and upper range: 123 to 176Moz AgEq1) free-milling pit constrained
Slide 8: Drilling to drive resource growth
Drilling to drive resource growth CY2025 drill campaign (50,000m) at 13-year high silver prices HISTORICAL DRILLING Total drilling by year and USD silver price Project Period Meters 60,000 Maiden Pinguino Pinguino 2005-2013 69,338 For personal use only NI 43-101 Sierra Blanca 2007-2013 18,969 50,000
Slide 9: PLUS Exploration Target
PLUS 150 Exploration Target Exploration roadmap to +150Moz pit constrained free-milling oxide silver mineralisation. TARGET OVERVIEW PLUS 150 EXPLORATION TARGET BY PROSPECT NEXT STEPS JOAQUIN PROJECT 180.0 La Morocha and Breccia Puntudo maiden JORC Total Silver Equivalent Resources (Free-Milling) 16
Slide 10: Plus Development Strategy
Plus 150 Development Strategy Underpinned by comprehensive historical metallurgical testwork Joaquin Cerro Leon Year 2009-2017 2010-2013 Study Level PFS Scoping Method Cyanide leaching, floatation, Cyanide leaching and For personal use only and sulphuric acid leaching floatation Variability testwork
Slide 11: La Negra Extension
La Negra Extension First systematic drilling of southeast extension since project consolidation Drilling by USL has confirmed significant extensions and upside For personal use only to La Negra Foreign Estimate (8.3Mt at 103gpt Ag, 0.14gpt Au) Historical drill holes outside the Foreign Estimate (DDJ
Slide 12: La Negra Infill drilling to convert Foreign Estimate to JORC
La Negra Infill drilling to convert Foreign Estimate to JORC Shallow, high-grade silver mineralisation. Infill drill returns best drill holes to For personal use only date at La Negra in shallow horizontal “manto” mineralisation Phase 1 infill drill results (first 11 holes) (JDD005-25) 28m at 0.2gpt
Slide 13: Cerro Leon Oxide
Cerro Leon Oxide High-grade silver grades close to surface with simple metallurgy, potentially low strip Includes highest silver drill intercepts to date for the project (PR008-25: 17,061 GT) For personal use only Oxide mineralisation starts at surface at extends to 50m vertical. USL 2024-2025 signi
Slide 14: Cerro Leon Sulphide
Cerro Leon Sulphide Resource growth underpinned by multiple new discoveries Multiple new discoveries across Cerro Leon with +5km cumulative strike For personal use only BEYOND 300 resource growth o Karina: (P049-25)13m at 772gpt AgEq from 42m (PR004-25) 26m at 321gpt AgEq from 81m o Savary (P030-25)
Slide 15: Santa Cruz, Argentina
Santa Cruz, Argentina Home of Majors, clear framework for permitting and building mines. ARGENTINA • Pro-investment environment: RIGI (Incentive Regime for Large Investment) For personal use only mirrors successful fiscal reforms and stability agreements seen in 1980s Chile. • Corporate activity: BH
Slide 16: Exploration and Development Milestones
Exploration and Development Milestones • Regional consolidation (Cerro Leon / Joaquin acquisitions) Complete • Financing (AUD$30m raised in two tranches) For personal use only • 30,000m exploration and expansion drill program • Revised MRE Underway • Detailed geotechnical and pit optimisation (2H 20
Slide 17: Joaquin Camp Site Overview
Joaquin Camp Site Overview Image looking southwest showing Joaquin camp and accommodation, warehouse and site office For personal use only Maintenance La Morocha Shed & Site Office UG Portal Warehouse Accommodation (150 people) Access road to provincial highway Route 12 Kitchen and Dining Room 17. I
Slide 18: De-risking the Pathway to Development
De-risking the Pathway to Development Land Access Mining Permits Technical Studies For personal use only ✓ All resources within granted ✓ Land Access Agreements in mining licenses “minas” place for all priority exploration ✓ Detailed hydrology, areas ✓ Baseline Environmental geotechnical Studies at
Slide 19: Appendix A: Disclosure of Mineral Resources
Appendix A: Disclosure of Mineral Resources TABLE 1: Cerro Leon – 2023 JORC (2012) Mineral Resources Category Tonnes AgEq (gpt) AgEq (Moz) Ag (gpt) Au (gpt) Pb (%) Zn (%) Ag (Moz) Au (Koz) Pb (Mlb) Zn (Mlb) Indicated 6.82 172 37.8 86 0.49 0.28 0.93 18.8 107 41.9 140 For personal use only Inferred 9.
Slide 20: Appendix B: Disclosure of Mineral Resources
Appendix B: Disclosure of Mineral Resources TABLE 2: Joaquin Project – Historical Foreign Estimate as of February 2013 Resource Category Tonnes (Mt) Ag (gpt) Au (gpt) Ag (Moz) Au (Koz) AgEq (gpt) AgEq (Moz) M&I 15.7 128 0.12 65.2 61.1 138 70.1 For personal use only Inferred 1 100 0.12 3.1 3.7 110 3.
Slide 21: Disclosure: Exploration Target
Disclosure: Exploration Target EXPLORATION RESULTS AND EXPLORATION TARGET The information in this announcement that relates to the PLUS 150 Exploration Target is based on, and fairly reflects, information compiled by Mr Todd Williams, a Competent Person who is a Member of the Australian Institute of
Slide 22: For personal use only
For personal use only Todd Williams Managing Director todd@unicosilver.com.au ASX:USL unicosilver.com.au