Apollo Silver Corp · TSXV:APGO

Apollo Silver — Investor Presentation (September 2022)

20 slides from Apollo Silver's investor presentation, September 2022

  1. Slide 1: Apollo Silver Corp: A U.S. Pure Play Silver Company

    Apollo Silver Corp A U.S. Pure Play Silver Company Investor Presentation September 2022 TSX-V: APGO | OTCQB: APGOF | FSE: 6ZFO 1

  2. Slide 2: Cautionary Note: Forward Looking Statements

    Cautionary Note: Forward Looking Statements This presentation includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this presentation, other than statements of historical fact, are forward-looking sta

  3. Slide 3: Cautionary Note: Information Concerning Resource Estimates

    Cautionary Note: Information Concerning Resource Estimates Mineral Resource Estimates Qualified Person The Mineral Resource Estimate (“MRE”) has been prepared by Derek The independent Qualified Person responsible for the Calico Silver Project Loveday, P. Geo., of Stantec Consulting Ltd. (“Stantec”)

  4. Slide 4: Pure Play Silver Explorer Focused on the US

    Pure Play Silver Explorer Focused on the US Focused on advancing two significant silver exploration and resource development projects, the Calico Silver Project, in San Bernardino County, California and the Silver District Project in La Paz County, Arizona LEVERAGE TO SILVER STABLE JURISDICTION • 16

  5. Slide 5: Delivering on Commitments

    Delivering on Commitments Significant progress in 12 months Creation of US, Completion of $53 Declaration of maiden Commencement of Phase 1 Drilling Pure Silver Exploration million financing 43-101 resource at 2022 work program Completed and Developer Calico1 $35 million 3-D IP and Magnetic 5,021 m

  6. Slide 6: ESG Focus

    ESG Focus People, Health & Safety • Continued diversity and general equality development Approaching gender equity: 40% female leadership • Developing our culture of engagement Policies & Standards: Established and implemented • Benchmark LTI against peers Site Safety: Identified historic site hazar

  7. Slide 7: Silver Fundamentals

    Silver Fundamentals Silver is a key component of green technologies, such as solar energy and the electric auto industry, and demand is expected to increase, offering excellent investment opportunities. Silver is one of the world’s most reflective and ductile materials and best conductors of heat an

  8. Slide 8: Silver Assets

    Silver Assets Large resource base with significant exploration upside CALICO 166 M 6 km SILVER OZ OF SILVER MINERALIZED PROJECT INFERRED AT STRIKE CALICO(1,2) LENGTH ARIZONA 615 g/t 13 km SILVER AVG. GRADE OF COLLECTIVE DISTRICT SILVER PRODUCED STRIKE FROM RED CLOUD LENGTH MINE (3) 1) See Cautionary

  9. Slide 9: Calico Silver Project

    Calico Silver Project America’s Newest Tier 1 Silver Project LEVERAGE TO SILVER CONTINUITY GROWTH 166 million silver ounces in 58.1 Extensive resource with continuous Current base of resource is less than million tonnes at 89 g/t silver at Calico(1,2) silver mineralization in both Waterloo ~125 m de

  10. Slide 10: Calico Silver Project

    Calico Silver Project The first time the Waterloo and Langtry properties combined under one common ownership 2,950 acres 6 km mineralized strike ✓ Resource occurs within private lands MINERAL or patented claims TITLE ✓ Both private properties have vested mining rights ✓ 15 km from Barstow. Access vi

  11. Slide 11: Mineral Resource Estimate

    Mineral Resource Estimate One of the largest undeveloped silver resources in the U.S. ✓ 58 Mt @ 89g/t Ag CALICO ✓ 166 M ounces Ag 2,950 acres 6 km mineralized strike WATERLOO ✓ 38.9 Mt @ 93 g/t Ag ✓ 116 M ounces Ag Langtry LANGTRY ✓ 19.3 Mt @ 81 g/t Ag ✓ 50 M ounces Ag 1) See Cautionary Notes on min

  12. Slide 12: Calico Project: Adding value and reducing risk

    Calico Project Adding value and reducing risk Mineral Resource Upgrade ▪ Collecting geotechnical, geochemical and lithologic information to create a more robust geological model. ▪ Infill drilling to increase resource confidence. ▪ Objective – Upgrade resource classification to Measured and Indicate

  13. Slide 13: Phase 1 Drill Result Highlights

    Phase 1 Drill Result Highlights Phase 1 completed, Phase 2 set to commence in September Reported assay results from the 2022 drill program at the Calico Silver Project • Infill drilling at the Waterloo deposit continues to show silver results consistent with the 2022 mineral resource estimate (MRE)

  14. Slide 14: Arizona Silver District

    Arizona Silver District District Scale Potential ▪ 2,000+ acres, incl. mineral title covering 3 major epithermal vein structures (West, Central, East). ▪ 13 km (8 miles) collective strike length. ▪ Under-explored broad land package. Prime Jurisdiction ▪ Located in the heart of the historic silver di

  15. Slide 15: 2022 Focus

    2022 Focus ▪ Drilling CALICO - Resource confidence upgrade - Expansion by focusing on high value silver ounces Waterloo - Increase the mineral inventory: gold and barite ▪ Metallurgy: complete Phase 1 test program ▪ Resource Update: expected Q1 2023 ▪ Commence PEA ▪ Continue environmental and social

  16. Slide 16: Timeline

    Timeline Apollo is primed to realize shareholder value through the advancement of its US-based silver projects. Q1 Q2 Q3 Q4 Q1 Q2 2022 2022 2022 2022 2023 2023 GROW Drilling CALICO DE-RISK Metallurgical Test Program CALICO Resource Update ADVANCE CALICO Engineering Studies DISCOVERY IN AZ Silver Tar

  17. Slide 17: Why Invest?

    Why Invest? Near-Term Catalysts Stable Jurisdiction Leverage to Silver Strong Balance Sheet Drill program at Calico “The County recognizes underway 166 million ounces1 that the extraction of Fully funded 2022 drill minerals is essential to the 58.1 Million tonnes at program with $13.5M in continued

  18. Slide 18: Leadership Team

    Leadership Team Boar Boar Board of Directors Management Committed to Independence and Sound Governance Extensive Capital Markets and Technical Experience Andrew Bowering Venture capitalist with 30+ years operational Tom Peregoodoff 30+ years in exploration and resource development. Chairperson exper

  19. Slide 19: Capital Structure

    Capital Structure Shares issued and outstanding1 174.5M Institutional Shareholders5 Options (avg. price $0.67/share)1 7.6M Jupiter Investment Management Warrants (avg. price $1.08/share)1 40.2M Sprott Asset Management Market capitalization1 C$31M Delbrook Capital Advisors Avg. daily trading volume2

  20. Slide 20: Thank You

    Thank You Tom Peregoodoff 710-1030 West Georgia Street President and CEO, Director Vancouver, BC V6E 2Y3 To subscribe to our email list, visit: Tel: (604) 428-6128 www.apollosilver.com Email: info@apollosilver.com Twitter: @corp_apollo LinkedIn: linkedin.com/company/75595166 TSX-V: APGO | OTCQB: APG

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