Defiance Silver Corp. · TSXV:DEF
Defiance Silver — Investor Presentation (October 2023)
28 slides from Defiance Silver's investor presentation, October 2023
Slide 1: Discovery-Focused Geoscience: Corporate Presentation, October 2023
DISCOVERY-FOCUSED GEOSCIENCE CORPORATE PRESENTATION, OCTOBER 2023 TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FRA: D4E
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of hist
Slide 3: Why invest in Defiance Silver?
Why invest in Defiance Silver? Assets Team Technique Funding • Robust resource base: • Proven mine finders • Modern Systematic • Strong treasury position Discovery-Focused • 16.9M Oz Ag Inferred • Experienced management Geoscience • Fully funded 2023 Resource at San team with decades of exploration
Slide 4: Industry Veterans with Proven Success
Team Industry Veterans with Proven Success Chris Wright, BA Doug Cavey George Cavey, P. Geo Jen Roskowski Chairman & CEO Executive VP VP Exploration and QP Principal Geologist Founder of Windermere Capital, Experienced project developer, Former VP Exp. @Orko Silver, part of Experienced Geoscientist
Slide 5: Defiance Silver has a solid project base
Assets: Mexico Defiance Silver has a solid project base pipeline of projects Silver-Base Metals Zacatecas State San Acacio Project Zacatecas Lucita Project District-Scale Panuco Project Land Package Gold-Copper Michoacan State Tepal Project TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FRA: D4E JURISDIC
Slide 6: Share Structure
SHARE STRUCTURE ($CAD) Capital Structure Trading Trading Symbols TSX.V:DEF | OTCQX:DNCVF TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FRA: D4E 52 Week High-Low $0.31 - $0.11 30 Day Avg. Volume ~77,000 Cash Position (September 21st, 2023) Cash ($CAD) ~$2.8M SHARE PRICE HISTORY Source: LBMA, Refinitiv 40
Slide 7: 2022-23 Key News
2022-23 Key News $0.80 DEF Extends High-Grade Zones With Drilling @Veta Grande, San Acacio DEF Initiates Trial Regarding the Illegal Transfer • 2.85 m of 423 g/t AgEq of Mining Concessions and obtains Precautionary $0.70 • 1.49 m of 399 g/t AgEq Measures to Protect its Rights, Tepal • 9.57 m of 175
Slide 8: Tepal Project
TEPAL PROJECT TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FRA: D4E
Slide 9: Tepal Project Overview
Tepal Project | Gold-Copper System Overview SIGNIFICANT EXPLORATION TARGET: UN-TESTED, RECENTLY DISCOVERED HIGH GRADE GOLD FEEDER Zacatecas Projects SYSTEM • Located in Michoacán near the border of Jalisco State. • 100% ownership. Option to Acquire 2.5% NSR Manzanillo Port • Current M&I resource: 1.
Slide 10: Accretive Acquisition in a Down Market
Tepal Project | Gold-Copper System Accretive Acquisition in a Down Market P R E - TA X P O S T - TA X $4.2mm $27.0mm Acquisition Cost PRE-TAX NPV 5% POST-TAX NPV 5% of $1.39 per AuEq. Oz Spent by predecessor company US $299M US $169M Acquired in December 2018 from ValOro for $4.2mm in Defiance Silve
Slide 11: Tepal Litigation
Tepal Project | Gold-Copper System Tepal Litigation Timeline th Defiance Discovers Illegal and Fraudulent Transfer of Mining Concessions June 24 , 2022 (4) at the Tepal Project • The company immediately initiated legal and administrative proceedings for return of the concessions. Current Status of M
Slide 12: Zacatecas Projects
ZACATECAS PROJECTS 1. Jurisdiction 2. Exploration Thesis 3. Our District-Scale Land Package TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FRA: D4E
Slide 13: Zacatecas State
1. Jurisdiction Zacatecas Projects Zacatecas State • Largest silver producing state in Mexico • Second-largest copper producing state in Mexico • Active companies: Pan American Silver, Fresnillo, Newmont, Teck, Agnico Eagle, Grupo Mexico, Capstone, Minera Frisco. Highlights: • Fresnillo Complex – On
Slide 14: Fresnillo from the 1960's
2. Exploration Thesis “Fresnillo from the 1960’s” • Our projects are located at a similar crustal position as the Fresnillo Mine §Our projects are 40 km away from the Fresnillo Mine §1548 to Present: >150M Ozs Ag produced from the Veta Grande vein system §>1 billion Ozs Ag produced at the Zacatecas
Slide 15: District-Scale Land Package
3. District-Scale Land Package Zacatecas Projects • The Zacatecas mining district has produced >1 Billion ozs Ag and is still a prolific mining region for silver and base metal deposits. It covers an area of over 700 km2 in north central Mexico known for its rich epithermal and mesothermal vein depo
Slide 16: San Acacio Overview
2014 Resource Area Overview 1548 to Present: >150M Ozs Ag produced from the Veta Grande A RESOURCE EXPANSION DRILLING PROJECT vein system, there is still high-grade • Numerous historic surface and underground workings occur along 2 mineralization in km of strike length with potential to host blind s
Slide 17: De-risking Ounces
SIMPLIFIED CROSS SECTION, Spotlight on Hole DDSA-22-52 DDSA-23-52 has intercepts about 10 times the cut-off grade of the 2014 resource estimate Defiance Silver Corp, October 2022 Exploration Thesis The 2014 resource estimate represents a fraction of what is still an intact vein system with a long ve
Slide 18: All Time Key Findings
HIGH GRADE HIGHLIGHTS – VETA GRANDE 3D Model looking NW showing Ag-ppm intercepts within the resource area and below it Defiance Silver Corp, September 2023 All Time Key Findings Top 6 Drilling Holes measured by AgEq grade times thickness Pb Zn AgEq Grade x Drillhole From To Length* Ag g/t Au g/t Ag
Slide 19: 2023 H1 Drilling Results Highlights
2023 H1 Drilling Results Highlights Jun 07, Defiance Drills Widest Silver Intercept to Date in the 2023 Veta Grande Drilling encountered the highest-grade and widest-width mineralization ever drilled at the Veta Grande Vein System, San Acacio. The company is extremely encouraged by these results, wh
Slide 20: Lucita Project Overview
2014 Resource Area Lucita Project | Palenque Vein System Overview DISCOVERY READY PARTNERSHIP WITH PAN AMERICAN SILVER • Nearly tripled Defiance's land position in historic Zacatecas silver district in December of 2020 from 1,600 Ha to over 4,300 Ha. • Option to acquire 100% ownership from Pan Ameri
Slide 21: Highlights: East Area
Lucita Project | Palenque Vein System OVERVIEW MAP OF THE EAST AREA OF THE MAIDEN DRILLING PROGRAM AT LUCITA Defiance Silver Corp, April 2022 Highlights: East Area Apr 13, Defiance Silver Returns Up to 3,260 g/t Silver 2022 in Maiden Drilling at Lucita • The 4,750-meter maiden drill program’s result
Slide 22: Highlights: West Area
CROSS SECTION OF DDLU-22-09 and DDLU-22-10 Lucita Project | Palenque Vein System showing multiple styles of mineralization, including a high-grade intercept at a “blind” faulted contact and as well as narrow zones of grade within the black shale unit. Highlights: West Area Defiance Silver Corp, Augu
Slide 23: Panuco Project Overview
Panuco Project | Tres Cruces Area Overview HIGH PRIORITY EXPLORATION TARGET ON ONE OF THE BEST POLYMETALLIC TARGETS IN AREA. • Pan American Silver carried out geological mapping, sampling, and two drilling campaigns. Historic drill results to date include*: • 1.25m @779 g/t Ag (LU-11-19) • 3.35m @32
Slide 24: Current Exploration Program
Panuco Project | Tres Cruces Area Current Exploration Program High grade historical Ag sampling Neighbouring project has returned appreciable results. An aggressive exploration program: detailed surface mapping, surface geochemistry, (Mag, IP, CSAMT), and surface drilling. TSX.V: DEF | OTCQX: DNCVF
Slide 25: Selection of Surface Samples
Panuco Project | Tres Cruces Area Selection of Surface Samples ZONA GLORIA ZONA AURORA str at igr ap hy TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FRA: D4E PANUCO: SURFACE SAMPLES 25
Slide 26: Zacatecas Projects
Zacatecas Projects Lucita Panuco San Acacio Main Vein System Palenque Tres Cruces, Aurora, La Gloria Veta Grande >150M Ozs of Ag produced since Historic Drilling None 3 drill campaigns by PAAS 1500s • First-pass drilling in 2021 • One of the highest grade un- • More than 20,000m of drilling returned
Slide 27: Why invest in Defiance Silver?
Why invest in Defiance Silver? Discovery-Focused Geoscience Works Proven Mine Finders: Experienced Management Strategic & Prospective Land Package in the team with decades of exploration success leading to World’s Largest Primary Silver Camp M&A and Mine Development Robust Resource Base and Signific
Slide 28: Contact Us
Contact Us Phone +1 (604) 343 4677 Scan below to request your digital copy of Defiance Email Silver’s corporate presentation info@defiancesilver.com Social Media @DEFSilverCorp Address Suite 2900 – 550 Burrard Street Vancouver, BC, V6C 0A3 Canada www.defiancesilver.com TSX.V: DEF | OTCQX: DNCVF | WK
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