Aftermath Silver Ltd. · TSXV:AAG
Aftermath Silver — Investor Presentation (October 2023)
30 slides from Aftermath Silver's investor presentation, October 2023
Slide 1: Investor Presentation October 2023
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Slide 2: Important Information
Important Information Cautionary Statement on Forward Looking Information This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publ
Slide 3: Two Precious & Critical Metals Assets
Two Precious & Critical Metals Assets “Aftermath Silver is not only underpinned by extensive silver resources that provide investors with compelling leverage but also provides significant exposure to both copper and manganese.” Michael Williams, Executive Chairman Berenguela, Peru Substantial silver
Slide 4: Where Are We Operating?
Where Are We Operating? Berenguela*: 101Moz Ag + 2.45Mt Mn + 589Mlbs Cu in M&I 39M oz Ag + 0.8Mt Mn + 204Mlbs Cu in Inferred Challacollo1: 35M oz Ag + 58K oz Au in Indicated 11M oz Ag + 15K oz Au in Inferred * See technical details & assumptions on slide 13 1 See technical details & assumptions on s
Slide 5: Share Structure & Performance
Share Structure & Performance 12 Month Share Price TSX.V AGG.V and OTCQX AAGFF (Oct 30, 2023) Symbols TSX: AAG.V OTCQX: AAGFF FF: FLM1 Issued & Outstanding 207.28m Warrants 36.61m Options 11.51m Fully Diluted 255.40m Volume / day: TSX.V 75k OTCQX 65k Frankfurt 18k Warrants Largest shareholders Expir
Slide 6: Key People
Key People Aftermath’s highly experienced management team has extensive global resource-sector experience –in both the junior and major companies- and has Michael Williams Exec. Chairman & Director Ralph Rushton President & Director Michael Parker COO & Director Keenan Hohol Director been involved i
Slide 7: Recent Developments
Recent Developments • Published new resource estimate for Berenguela. • Initiated metallurgical test work program for Berenguela. • Began drill permitting process for Challacollo. Core from the Berenguela project 7
Slide 8: Berenguela, Peru
Berenguela, Peru • >380 drill holes, current NI43-101 resource – geologically de-risked • Mineralization outcrops at surface • Metallurgical test work underway to confirm flow sheet for silver doré, copper cathode, manganese sulphate production • A carbonate replacement deposit • Substantial mangane
Slide 9: Berenguela: Location
Berenguela: Location An excellent address Peru 50km ü 50km to Juliaca airport, 200km to Arequipa ü Road, power, rail within 6km ü Rail line to Matarani Port (350km) ü Local town of Santa Lucia has mining history ü 6,500ha concessions, privately owned land, 4,200m ASL 9
Slide 10: Santa Lucia: Rail line to Matarani on the Pacific coast
Santa Lucia: Rail line to Matarani on the Pacific coast
Slide 11: Santa Lucia: Mining, A Traditional Local Industry
Santa Lucia: Mining, A Traditional Local Industry
Slide 12: Berenguela. One of Latin America's Best Undeveloped Projects
Berenguela. One of Latin America’s Best Undeveloped Projects Rail line: Approx. 350km to Santa Lucia Matarani port Limon Verde core yard km ±5 Historic silver workings 12
Slide 13: Berenguela Mineral Resource
Berenguela Mineral Resource* Between 2004 to 2020, 291 RC and 32 diamond drill holes totalling approximately 36,473 m in length were drilled on the property. Aftermath completed 63 diamond core holes up to May 17, 2022 (6,170m) which are included in the current resource. Classification Tonnes (Mt) A
Slide 14: Commodity Prices
Commodity Prices Key price assumptions used in the 2023 resource estimate: Commodity US$ Current Price Ag 22.50 /Oz 24.11 /Oz Cu 4.00 /lb 3.78 /lb Zn 1.45 /lb 1.07 /lb Agri grade MnSO4 530 /T 450-550 /T • MnSO4 price is a key input to the potential economics of the project • If AAG can produce batte
Slide 15: Berenguela, Looking East to West
Berenguela, Looking East to West m 00 Old surface workings for Old surface workings for ±5 Ag & Cu Ag & Cu A Cu rea d rre nt rilled res ou rc e ±1 ,40 0 m Old spoil heaps
Slide 16: Berenguela 3D Resource Model
Berenguela 3D Resource Model Measured resource Pit shell Indicated resource Inferred resource Aftermath 2022 drilling Previous diamond drilling Previous RC drilling Mineral Resources The Mineral Resource estimate for Berenguela in this presentation & the QA/QC review and data verification was comple
Slide 17: Berenguela
Berenguela These historical drill intercepts for the Berenguela project were taken from the 2021 NI 43-101 Technical Report on the Berenguela property titled “Berenguela Silver-Copper-Manganese Property Update” filed on SEDAR on February 25, 2021, authored by independent QP’s J.M. Shannon P.Geo, M.A
Slide 18: High Grade Ag-Cu-Mn Mineralization in Old Workings
High Grade Ag-Cu-Mn Mineralization in Old Workings 18
Slide 19: Mineralization in Drill Core
Mineralization in Drill Core Green copper minerals in black manganese oxides A carbonate-replacement deposit
Slide 20: Simplified Berenguela Process Route
Simplified Berenguela Process Route Objective: production of min. 31.8% Mn by weight 99.9% pure MnSO4 Silver doré via Merrill Crowe circuit Copper cathode via electrolysis Zinc sulphide precipitation Removal of impurities 20
Slide 21: What Is Manganese Sulphate Monohydrate (MnSO4.H2O)?
What Is Manganese Sulphate Monohydrate (MnSO4.H2O)? Manganese sulphate is a source for manganese in cathodes for rechargeable batteries. Manganese can store and release electrical energy very efficiently. • Cobalt Replacement: Manganese is a potential replacement for cobalt in lithium-ion battery ca
Slide 22: Berenguela: Core & Sample Storage Facility, Arequipa
Berenguela: Core & Sample Storage Facility, Arequipa Drill core & RC chips from 20-years of exploration projects now properly catalogued and stored at Aftermath’s warehouse in Arequipa. Approximately 42,650m of RC & DD drilling completed to date at Berenguela. 22
Slide 23: Berenguela - Rough Timeline
Berenguela -Rough Timeline Objective: production of silver metal, copper, manganese sulphate and zinc metal. Resource drilling ü Complete Multiple phases of drilling, >380 holes Resource Estimate ü Complete NI43-101 resource delivered March 2023 Met’ testwork Underway Objectives: production of Ag, C
Slide 24: Berenguela ESG Credentials
Berenguela ESG Credentials • Key infrastructure already in place: community, road, rail, power within 6km • Renewable energy sources: 63% of power generated in Peru comes from hydroelectric sources* • Potential critical metals source - Ag, Cu, Mn • Full time community relations team working to World
Slide 25: Berenguela Community Information Meeting
Berenguela Community Information Meeting 25
Slide 26: Challacollo - Large Chilean silver deposit
Challacollo -Large Chilean silver deposit • Silver-gold epithermal vein/breccia system. • Conceptual open pit. • Open down dip and along strike. • Recently completed Mineral Resource estimate. • Grid power 12km north & 30km south. • 12l/s water extraction rights. • 30km off the Pan American highway
Slide 27: Challacollo Current Mineral Resource Dec. 2020
Challacollo Current Mineral Resource Dec. 2020 Classification Material Type Tonnes (Kt) Silver (g/t) Gold (g/t) Silver (Koz) Gold (Koz) Open Pit 5,597 170 0.27 30,639 49 Indicated Underground 1,043 134 0.29 4,510 10 TOTAL 6,640 165 0.27 35,150 58 Open Pit 2,360 117 0.15 8,912 11 Inferred Underground
Slide 28: Catalysts for Unlocking Value
Catalysts for Unlocking Value • Positive metallurgical test work on Berenguela mineralization demonstrating production of Ag, Cu & a commercial Mn product • Berenguela Preliminary Economic Assessment - 2024 • Additional exploration success at Berenguela and Challacollo • Continued demand for commodi
Slide 29: Aftermath Silver
Aftermath Silver • Berenguela is one of Latin America’s premier undeveloped mining projects • Leverage to silver, copper and manganese • Both projects are potentially open pittable • Potential to produce battery grade MnSO4 from Berenguela 29
Slide 30: Ralph Rushton / Michael Williams
Ralph Rushton President, CEO & Director M. +1 604 307 0055 ralphr@aftermathsilver.com Michael Williams Executive Chairman mw@aftermathsilver.com
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