Silver Mines Limited · ASX:SVL
Silver Mines — Shareholder Meeting (November 2024)
27 slides from Silver Mines's shareholder meeting presentation, Nov 26, 2024
Slide 1: Investor Presentation – Annual General Meeting
For personal use only INVESTOR PRESENTATION Annual General Meeting Jo Battershill – Managing Director 26 November 2024
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: Why Invest in Silver Mines Limited
WHY INVEST IN SILVER MINES LIMITED For personal use only One of the world’s largest, undeveloped silver projects Bowdens Silver mineralisation remains open with outstanding drilling results along strike and at depth Resource of 189Moz silver (396 Moz AgEq) Multiple options to extend mine life Reserv
Slide 4: Corporate Information
SILVER MINES LIMITED CORPORATE INFORMATION For personal use only Share Trading History Capital Structure (ASX: SVL) AUD USD Shares on Issue (m) 1,510 1,510 Share Price ($) 21 Nov 0.10 Undiluted Market Capitalisation ($m) 150.8 98.1 Cash ($m, as at end Sept 2024) 7.1 4.6 Enterprise Value ($m) 143.7 9
Slide 5: Environmental, Social and Governance
SILVER MINES LIMITED ENVIRONMENTAL, SOCIAL AND GOVERNANCE For personal use only Strong commitments to ESG Silver Mines Limited now through collection of detailed Digbee ESG Certified baseline environmental and social information Governance policies ensure compliance with ASX Digbee ESG is the indust
Slide 6: Bowdens Silver Project Permitting Update
BOWDENS SILVER PROJECT PERMITTING UPDATE For personal use only Advice received suggests the Development Application remains alive and on foot and has not been finally determined by the consent authority, the IPC …the court had not refused the Bowdens DA but had declared the consent void … the applic
Slide 7: Bowdens Silver Project High Tech Metals
BOWDENS SILVER PROJECT HIGH TECH METALS For personal use only Bowdens Silver falls under the New South Wales Government’s Critical Minerals and High-Tech Metals Strategy Establishing NSW as a world … identify critical minerals as an leader for investment in emerging sector and represents a sustainab
Slide 8: Silver: Metal of Innovation
For personal use only SILVER METAL OF INNOVATION
Slide 9: Why Silver?
SILVER WHY SILVER? For personal use only Electrical Photovoltaics ► Monetary value and (21% of demand*) (19% of demand) store of wealth ► Highest electrical and thermal conductivity of all metals ► The best reflector of A safe haven in times Portfolio Hedge against visible light Jewellery 5G network
Slide 10: Silver Photovoltaic
SILVER PHOTOVOLTAIC For personal use only PV sector consumed 19% of total supply in 2023 ► Solar energy is an Paving the way inexhaustible fuel source for electrification that is pollution free and helping 200 ► Solar capacity in China is 180 100 now greater than the rest shape the world’s 160 of th
Slide 11: Silver Photovoltaic – More to Come
SILVER PHOTOVOLTAIC – MORE TO COME For personal use only Demand has grown despite thrifting in PV usage ► Volume of silver in a The global solar typical PV cell is now just industry is now 1/10th the 1999 amount 10 valued at over ► Global annual install of 9 solar capacity was 30GW $350bn per 8 in 2
Slide 12: Silver Key Statistics / Supply & Demand
SILVER Recyling 18% Mine production 82% KEY STATISTICS / SUPPLY & DEMAND Silver supply For personal use only ~1,220M annual consumption ► Industrial applications: electronics | solar | medicine | water purification | window manufacturing Deficit Cumulative deficit of 1,010 543Moz 2021 – 2023 ~830M a
Slide 13: Introduction to Bowdens Silver Project
For personal use only INTRODUCTION TO BOWDENS SILVER PROJECT
Slide 14: Bowdens Silver Project
SILVER MINES LIMITED BOWDENS SILVER PROJECT For personal use only Bowdens Silver Project Asset Location Bowdens Silver Project One of world’s largest located in central New undeveloped silver South Wales, Australia deposits with 189Moz silver (396Moz AgEq) in Project 100% owned resource1,2 Bowdens D
Slide 15: Bowdens Silver Project Overview
BOWDENS SILVER PROJECT OVERVIEW For personal use only Highlights Timeline of major milestones Sept 2017 Jun 2018 Mar 2023 Aug 2024 The largest silver development project in Australia Mineral Resource Court of Appeal Mineral Resource Feasibility Study completed (275 completed upgrade (396 suspends th
Slide 16: Bowdens Silver Project Optimisation Program
BOWDENS SILVER PROJECT OPTIMISATION PROGRAM For personal use only 2018 Feasibility Study1 Optimisation Program Feasibility Study Metallurgical flotation Reduced development 29.9Mt Ore optimisation program optimisation program footprint with updated targeted for completion targeting increased design
Slide 17: Bowdens Silver Exploration: Strike and Depth Extensions
BOWDENS SILVER EXPLORATION STRIKE AND DEPTH EXTENSIONS For personal use only 17
Slide 18: Bowdens Silver Project Key Conclusions
BOWDENS SILVER PROJECT KEY CONCLUSIONS For personal use only ► Largest silver ► Considerable ► Bowdens Feasibility ► 2Mtpa project development project exploration potential Study completed in producing >50Moz in Australia 2018 Ag over LOM ► Large mineralised ► Resource of 396 Moz system remains open
Slide 19: Regional Exploration: A Major Mineralised System
For personal use only REGIONAL EXPLORATION A MAJOR MINERALISED SYSTEM
Slide 20: Bowdens Silver Project Regional Geology
BOWDENS SILVER PROJECT REGIONAL GEOLOGY For personal use only Extensive tenement holding (2,115 km2 = 521,000 acres) 100% controlled by Silver Mines Wide range of prospective deposit types Eastern limb of the Macquarie Arc Mid-Carboniferous Rylstone Volcanics (~325Ma) within the deposit Overlain by
Slide 21: Bara Creek: A Greenfield Discovery Opportunity
BARA CREEK A GREENFIELD DISCOVERY OPPORTUNITY For personal use only ► Drilling commenced in October ► The Stage 1 drilling program will consist of eight diamond drill holes for 2,600m ► Interpreted as a high-sulphidation epithermal target ► Geochemical anomalism located around a multitude of faults
Slide 22: Tuena Gold Project
SILVER MINES LIMITED TUENA GOLD PROJECT For personal use only Location Limited modern drilling South of Blayney, NSW Best hit 4m @ 6.9g/t Historic goldmine Previously unrecorded historic minimal work in modern era workings identified Geological analogies Airborne magnetics to McPhillamys Gold Projec
Slide 23: For personal use only
For personal use only Registered Office: P: +61 2 8316 3997 Level 28, 88 Phillip Street Sydney NSW 2000 F: +61 2 8316 3999 Postal Address E: info@silvermines.com.au GPO Box 255 Sydney NSW 2000 W: www.silvermines.com.au Australian Company Number 107 452 942
Slide 24: Appendix
For personal use only APPENDIX
Slide 25: Appendix 1: Bowdens Silver Mineral Resources
APPENDIX 1: BOWDENS SILVER MINERAL RESOURCES (AS AT MARCH 2023) For personal use only Million Million Tonnes Silver Eq. Silver Zinc Lead Gold 30 g/t Ag Eq Cut Ounces Ounces (Mt) (g/t) (g/t) (%) (%) (g/t) Silver Silver Eq. Measured 107 68 40 0.36 0.25 0.03 137 235 Indicated 50 55 20 0.38 0.26 0.09 33
Slide 26: Appendix 2: Bowdens Silver Ore Reserve
APPENDIX 2: BOWDENS SILVER ORE RESERVE (AS AT MAY 2018) For personal use only Silver Eq. Silver Tonnes Silver Eq. Silver Zinc Lead Zinc Lead Million Million (Mt) (g/t) (g/t) (%) (% ) Kilo-tonnes Kilo-tonnes Ounces 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 27: Competent Persons Statements
COMPETENT PERSONS STATEMENTS For personal use only The information in this presentation that relates to Exploration Results, Ore Reserves and Mineral Resources has been extracted from various Silver Mines ASX announcements and are available to view on the Company’s website at www.silvermines.com.au