Slide 1: Silver In Chile
TSX: AAG.H Silver In Chile Corporate Presentation September 2019
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: Corporate Summary
Corporate Summary • Two advanced silver assets with defined silver resources. • Stable mining jurisdiction: Chile. • Experienced management team with complementary marketing and technical skill sets. • Projects with -or close to- infrastructure. www.aftermathsilver.com | NEX : AAG.H 3
Slide 4: Corporate Strategy and Objectives
Corporate Strategy and Objectives OBJECTIVE Build a silver-focused company, leveraged to the price of silver, that will receive significant market recognition if we can define +100 million silver ounces in resources on projects that are cost positive at ca. $16.00/oz silver. STRATEGY • Acquire advan
Slide 5: Senior Management & Board
Senior Management & Board Michael Williams 25 years experience in structuring, running and marketing TSX-listed companies. Sold Underworld Resources Ltd to Kinross Gold Corp for $138m. International banking and finance network, retail and Chairman, Director institutional. Director, President and CEO
Slide 6: Silver Projects In Northern Chile
2 Silver Projects In Northern Chile Challacollo – view of historic stoping into hill Cachinal – view of historic processing on hill and workings on left and right www.aftermathsilver.com | NEX : AAG.H 6
Slide 7: Challacollo: Advanced Silver Project – Region 1, Chile
Challacollo: Advanced Silver Project – Region 1, Chile An epithermal silver deposit contained in a system of northeast- to north-trending epithermal quartz-carbonate-barite veins hosted by volcanic and sedimentary rocks. Oxidized to a depth of at least 250m. The 3.5km long Lolón vein is the largest
Slide 8: Challacollo: Infrastructure Advantages
Challacollo: Infrastructure Advantages Location and Project Lease Holdings • Groundwater rights for 12 l/sec (sufficient for 1,800 tpd agitated leach), held since 2005 at Tamentica community (10km west of property), other water sources located and a developed bore (25 l/sec) is located on the “water
Slide 9: Challacollo: Historic Resource
Challacollo: Historic Resource Grade Contained Metal Tonnes Resource Classification Silver (g/t) Gold (g/t) Silver M oz Gold K oz (Mt) Indicated / Underground 4.70 200 0.32 30.2 48.4 Inferred / Underground 1.60 134 0.31 6.90 15.9 • Only the Lolón vein is included in the historic Mineral Resource • M
Slide 10: Challacollo: Transaction ($Cdn)
Challacollo: Transaction ($Cdn) Amended Challacollo LOI, AAG to acquire 100%: • $500,000 cash to be paid on or before July 31st, 2019; • $500,000 cash to be paid on or before December 31st, 2019; • $1,000,000 cash to be paid on or before December 31st, 2020; • $5,500,000 on or before December 31st,
Slide 11: Challacollo: Work Program
Challacollo: Work Program Immediate Work Program • Resource development drilling on Lolón hangingwall and footwall parallel structures and low grade halo mineralisation. • Advance metallurgical leach test work on high grade material & dump/heap leach (column leach) on low grade halo material. • Loló
Slide 12: Challacollo: Upside
Challacollo: Upside Lolón Vein Long Section Parallel high grade veins & low grade halo to be investigated over 2 Km of known Lolón Vein Strike Along-strike oxide potential, under sand cover Approximate base of weathering High grade shoot, sulphide potential, sulphide metallurgy to be confirmed www.a
Slide 13: Challacollo: Upside - Sub-Parallel Vein Systems
Challacollo: Upside - Sub-Parallel Vein Systems Known sub-parallel vein systems provide excellent exploration upside in addition to the Lolón vein Location of Lolón shoot shown on previous slide www.aftermathsilver.com | NEX : AAG.H 13
Slide 14: Cachinal Advanced Silver Project – Region 2, Chile
Cachinal Advanced Silver Project – Region 2, Chile Cachinal is a low sulphidation epithermal deposit which hosts a current mineral resource of 5.7 million tonnes at 101 g/t Ag in Indicated and an Inferred of 0.8 million tonnes at 115 g/t Ag, with associated Au credits (18.41M oz Ag and 24K oz Au). L
Slide 15: Cachinal
Cachinal Acquiring 80% of the Cachinal silver-gold project • Existing medium grade in-pit resource with scope to expand open pit potential. • Opportunity to explore down plunge on identified high grade shoots to further develop mineralization. • Cachinal is a higher level system, suggesting high gra
Slide 16: Cachinal: Infrastructure Advantages
Cachinal: Infrastructure Advantages Austral Gold’s Guanaco Gold Mine is located 16km south of Cachinal • Produced ~49,000 AuEq oz per year over last 4 years • Ore is hauled from Amancaya satellite open pit & underground mine, 75km away • 1500 tpd agitated leach and Merrill-Crowe processing plant bec
Slide 17: Cachinal: Resource
Cachinal: Resource Grade Contained Metal Tonnes Resource Classification Silver (g/t) Gold (g/t) Silver M oz Gold K oz (Mt) Indicated Open Pit 5.50 99 0.13 17.5 23.0 Underground 0.15 188 0.21 0.92 1.02 Total 5.66 101 0.13 18.4 24.0 Inferred Open Pit 0.45 61 0.07 0.88 1.0 Underground 0.37 180 0.19 2.1
Slide 18: Cachinal: Transaction ($Cdn)
Cachinal: Transaction ($Cdn) Amended agreements dated June 24, 2019 and July 24, 2019: • AAG will buy 80% of the issued shares of Cachinal from Apogee which owns a 100% interest in the property for $1,575,000; • Apogee has the right to receive all or part of the purchase price in AAG shares at a dee
Slide 19: Cachinal: Work Program
Cachinal: Work Program Immediate work program • Develop revised long sections for each vein and plan down dip drilling targeting the high grade ore shoots below the open pit shells • 3D laser surveys of voids • Execute down dip drilling programs in a staged manner • Obtain metallurgical samples: mai
Slide 20: Why Silver?
Why Silver? Silver appears to be at the bottom of its trading range. We can secure new assets at reasonable valuations. • The current silver to gold ratio is 85:1. So we believe silver has significant upside compared to gold, as it returns to the long term average 60:1. Silver is highly leveraged wh
Slide 21: Silver Price & Gold / Silver Ratio
Why Silver Silver Price & Gold / Silver Ratio 40 100 90 35 80 Silver Price $/oz (London Fix) 30 70 Gold : Silver 25 60 20 50 15 40 10 30 01-Jan-12 01-Jan-13 01-Jan-14 01-Jan-15 01-Jan-16 01-Jan-17 01-Jan-18 01-Jan-19 www.aftermathsilver.com | NEX : AAG.H 21
Slide 22: Why Chile?
Why Chile? • Low political risk: Chile is ranked #1 in Latin America for: ü political stability, ü security and ü skilled labour. • Mining accounts for 10% of Chile’s GDP and 50% of Chilean Exports. • Chile is a top ten global mining destination (Fraser Institute) with a pro-mining government electe
Slide 23: Corporate Structure & 12 Month Price Chart
Corporate Structure & 12 Month Price Chart As of Oct 4, 2019 Issued and Outstanding : 27,787,384 Fully Diluted : 27,787,384 No options or warrants www.aftermathsilver.com | NEX : AAG.H 23
Slide 24: Aftermath Silver Ltd.
AFTERMATH SILVER LTD. Phone : +1 604 484 7855
Slide 25: Appendix 1. Geology Of Epithermal Vein Deposits
Appendix 1. Geology Of Epithermal Vein Deposits • Silver-gold-zinc mineralization at Challacollo and Cachinal occurs in a series of sub-parallel, low-sulphidation epithermal quartz veins, and brecciated quartz veins/structures. • The current ground surface at the two projects sits in different level