Silver Mines Limited · ASX:SVL
Silver Mines — Shareholder Meeting (November 2013)
24 slides from Silver Mines's shareholder meeting presentation, Nov 29, 2013
Slide 1: 2013 Annual General Meeting
Xx For personal use only 2013 Silver Mines Limited ANNUAL GENERAL MEETING ACN 107 452 942 Silver Mines Limited 1 Summary Information
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by the Silver Mines Limited (Silver Mines or the Company) from currently available public domain information to provide background information to enable recipients to review the business activities of Silver Mines. It is not intend
Slide 3: The Company
Xx Company The For personal use only Silver Mines Limited (ASX: SVL). Highly prospective silver focused projects in NSW. Fully owned Webbs Silver Project is the highest grade undeveloped silver project in Australia (with a JORC resource > 10Moz Ag). Webbs Resource currently 11.75Moz at 245g/t Ag. Po
Slide 4: Key Events for the 2013 Financial Year
KEY EVENTS FOR THE 2013 FINANCIAL YEAR For personal use only Two significant drilling programs: Maiden reconnaissance drilling completed a Mole River projects north west of Webbs. Deeper drilling at Webbs to test depth extensions to known high grade near surface mineralisation at Webbs South. Metall
Slide 5: Competitor Comparison
Xx COMPETITOR COMPARISON For personal use only SVL Resource Grade Peer Comparison Chart is a standout amongst 80,000,000 - - 400 Ag and AgEQ ounces AgEQ (g/t) our ASX competitors. 70,000,000 - - 350 Good chance of resource increase 60,000,000 - - 300 at Webbs. 50,000,000 - - 250 Unlocking value in 4
Slide 6: Junior Resources Market
JUNIOR RESOURCES MARKET For personal use only Optimism in the market that the silver price has ‘bottomed out’. Silver Price averaged 20% less than in September 2013 than the same period in 2012. Silver demand increasing e.g. India purchasing an extra 17% of the global silver market in 2013 compared
Slide 7: Junior Resources Market
Xx JUNIOR RESOURCES MARKET For personal use only Small Resources Index V S&P/ASX 200 Silver Spot Price 5400 6900 6600 5200 6300 5000 6000 4800 5700 36 5400 4600 34 5100 4400 4800 32 4200 4500 30 4200 4000 28 3900 3800 3600 26 3600 3300 24 3000 3400 22 2700 3200 GFC Valuations 2100 20 1800 18 Oct Jan
Slide 8: Junior Resources Market: Silver, Gold & Base Metals Prices
JUNIOR RESOURCES MARKET For personal use only Silver, Gold & Base Metals Prices 110 - 100 - 90 - 80 - 70 - 60 - 50 - l l l l l l Jan 13 Mar 13 May 13 Jul 13 Sep 13 Nov 13 Index (2nd January 2013 = 100) – Silver (-29%) – Gold (-22%) – Copper (-12%) – Lead (-10%) – Zinc (-9%) Source: Thomson Reuters G
Slide 9: Junior Resources Market: Capital Raisings
Xx JUNIOR RESOURCES MARKET For personal use only 7 new resource listings in 2013, raising $54.8m. Compared with 35 resource listings in 2012, raising $189m. And 24 new resource listings, raising $184m in 2009 during the year of the GFC. CAPITAL RAISINGS ASX-listed mining & energy stocks IPOs ASX-lis
Slide 10: Silver Mines' NSW Projects
SILVER MINES’ NSW PROJECTS For personal use only NSW Projects contain hundreds of recorded silver and base metal occurrences and many prospects at various stages of evaluation. New England Projects Reference Project Name Company Area (Km2) EL 5674 Webbs SVL 100% 12 EL 7602 Webbs NW SVL 100% 38 EL 61
Slide 11: Webbs Silver Project
Xx WEBBS SILVER PROJECT For personal use only Silver Mines Limited 11 Summary ANNUAL GENERAL Information MEETING
Slide 12: Webbs - Resource
WEBBS - Resource For personal use only Current resource estimate for Webbs at 70g/t Ag cut-off Resource Class Tonnes Ag (g/t) Cu % Pb% Zn% Ag (oz) Measured 194,000 364 0.29 0.75 1.67 2,269,000 Indicated 775,000 245 0.26 0.70 1.49 6,102,000 Total M & I 969,000 269 0.27 0.71 1.53 8,371,000 Inferred 52
Slide 13: Webbs Long Section - Looking West
Xx WEBBS Long section - Looking West For personal use only Note high grade deeper intersections (blue and orange dots) Deposit open at depth in places Silver Mines Limited 13 Summary ANNUAL GENERAL Information MEETING
Slide 14: Webbs - Metallurgy
WEBBS - Metallurgy For personal use only Excellent results from metallurgical test work indicating >90% Ag recovery to doré bars. Flow sheet utilises conventional grinding and bulk flotation followed by ultra-fine grinding and atmospheric oxidation (the Albion ProcessTM). Silver is then recovered by
Slide 15: Mole River - ELs 6114 and 6771
Xx RIVER - ELs 6114 and 6771 MOLE For personal use only A shallow reconnaissance level RC drilling program completed during the financial year at the Mole River project. Intersected numerous zones of silver-base metal mineralisation at several prospects. Mineralised lodes are associated with dissemi
Slide 16: Mole River Rock Chip Ag Geochemistry and Prospects
MOLE RIVER For personal use only ELs 6114 and 6771 Rock Chip Ag Geochemistry, aeromagnetics and Prospects Higher grade intersections include: 1m @ 460g/t Ag, 0.2% Cu, 9.6% Pb and 3.7% Zn from 24m in hole HZRC010 at Hazeldean West. 1m @ 251g/t Ag, 0.9% Cu, 3.7% Pb and 2.4% Zn from 37m in Hole MMRC003
Slide 17: 2014 Strategy
Xx STRATEGY 2014 For personal use only Silver Mines has conducted a review of its business in order to minimise costs and maximise potential given current challenging market conditions. Decided to expand the Company into the US, where it can take advantage of highly prospective geology, lower costs
Slide 18: 2014 Strategy: Nevada
2014 STRATEGY For personal use only Nevada is consistently ranked among Average “all-in” cost comparison of major gold producers the most favoured jurisdictions in the world for mineral exploration and mine US$/oz 1400 - development based on its: Highly prospective geology – large bulk 1200 - tonnag
Slide 19: Independence Project - Nevada
Xx INDEPENDENCE PROJECT - Nevada For personal use only Large Au-Ag target identified at the Independence project in southern Nevada, USA. Geochemical metal association and accompanying geology are indicative of an intrusion related breccia hosted gold-silver deposit (IRGD). Well located with rail li
Slide 20: Independence Project - Nevada
INDEPENDENCE PROJECT - Nevada For personal use only Main Breccia target zone around 350m in diameter. Semi quantitative rock-chip sampling across the exposed breccia zone and surrounds returned average grades of 0.9g/t Au and 19g/t Ag, from over 50 samples. Several other Au-Ag in soil anomalies up t
Slide 21: Independence Project
Xx INDEPENDENCE PROJECT For personal use only Silver Mines Limited 21 ANNUAL GENERAL MEETING
Slide 22: Exploration of Independence
EXPLORATION OF INDEPENDENCE For personal use only Planned work includes detailed geological mapping and infill geochemical sampling over already defined targets. Continuous channel and traverse sampling of outcrop is preferred and best achieved in trenches, exposed mine faces or other continuous out
Slide 23: Contact
Xx CONTACT For personal use only For further information on Silver Mines, its projects or its strategy, please contact: Claire Gannon Charles Straw Investor Relations CEO claire@silverminesltd.com.au cstraw@silverminesltd.com.au +61 2 9253 0971 +61 2 9253 0900 All announcements are available on Silv
Slide 24: Notes
Xx NOTES For personal use only 1 The data provided in the Peer Comparison graph in Slide 5 were derived from publically available resource statements obtained from Company websites. The silver equivalent (AgEQ) grades and derived ounces are based on the following prices and formula $A metal prices u