Unico Silver Limited · ASX:USL
Unico Silver — Investor Presentation (August 2025)
24 slides from Unico Silver's investor presentation, Aug 20, 2025
Slide 1: Building the Next Tier-One Silver Development Company
Unico Silver ASX:USL For personal use only Building the Next Tier-One Silver Development Company Successful $25m Placement to Accelerate Development of Silver Projects in Argentina INVESTOR PRESENTATION AUGUST 2025
Slide 2: Forward Looking Statements and Disclosures
For personal use only Forward Looking Statements and Disclosures DISCLAIMER COMPETENT PERSON STATEMENT The following material is for general information purposes only and is not to be relied upon for the making of an investment This presentation contains information extracted from previous ASX decis
Slide 3: Corporate Snapshot
Corporate Snapshot Share Price 1 year 437M* 0.5 Shares *71.4 million New Shares will be issued under 0.45 the Placement at an issue price of $0.35 12.5M** 0.4 only 0.35 Cash (AUD) **Cash balance as of 30 June 2025 Excludes proceeds of $25m placement For personal use 0.3 announced 20 August 2025 A$ 1
Slide 4: Vision and Investment Summary
VISION INVESTMENT SUMMARY To grow a globally significant silver development company with +300Moz silver equivalent resources 01. POINT OF DIFFERENCE Emerging silver developer $12.5m cash at June 2025 plus proceeds of $25m placement 160Moz AgEq total resources (Appendix A and B) For personal use only
Slide 5: Logical consolidation of underexplored, undercapitalised silver district
Logical consolidation of underexplored, undercapitalised silver district TIMELINE LARGE RESOURCE BASE Thoughtful consolidation For personal use only 160Moz @ 151gpt AgEq Ind, Inf of two fragmented silver Includes: districts 105Moz Ag 407koz Au Nov 2022 100% Acquisition of TWO ADJACENT SILVER DISTRIC
Slide 6: Single Asset Silver Miners: Global M&A
Single Asset Silver Miners: Global M&A Projects of scale produce 5-7Moz silver per annum SILVERCREST GATOS SILVER MAG SILVER ADRIATIC METALS La Chispas mine, Mexico Las Gatos mine, Mexico Juanicipio mine, Mexico Vareš mine, Bosnia For personal use only Oct 2024 Oct 2024 May 2025 June 2025 Acquired f
Slide 7: PLUS and BEYOND: Exploration and development strategy
PLUS 150 and BEYOND 300 Exploration and development strategy For personal use only IMMEDIATE PLAN MEDIUM-TERM STRATEGY to transition from explorer to to unlock value through growth in development focusing on “high-value” sulphide resources, enhancing free-milling silver ounces project scale and long
Slide 8: Drilling to Drive Resource Growth
Drilling to Drive Resource Growth CY2025 drill campaign (50,000m) at 13-year high silver prices HISTORICAL DRILLING Total Drilling by Year and USD Silver Price Project Period Meters Pinguino 2005-2013 69,338 For personal use only Joaquin 60,000 Cerro Leon 2025 Guidance Sierra Blanca 2007-2013 18,969
Slide 9: Exploration Target
Exploration Target Exploration roadmap to +150Moz pit constrained free-milling oxide silver mineralisation TARGET OVERVIEW PLUS 150 EXPLORATION TARGET BY PROSPECT NEXT STEPS Joaquin Project For personal use only 180.0 High Confidence Emerging Discoveries La Negra and SE extension drilling and infill
Slide 10: New discoveries
New discoveries Step-out holes at La Negra and La Morocha delivers exceptional oxide JDD017-25 mineralisation open in all directions Oxide mineralisation La Negra SE For personal use only JDD017-25 90m at 40gpt Ag, 1.3gpt Au from 10m, inc 4m at 20gpt Ag, 8.7gpt Au from 23m, and 6m at 35gpt Ag, 6.5gp
Slide 11: La Negra Extension
La Negra Extension First systematic drilling of southeast extension since project consolidation Drilling by USL has confirmed significant extensions and upside to La Negra Foreign Estimate For personal use only 8.3Mt at 103gpt Ag, 0.14gpt Au Historical drill holes outside the Foreign Estimate DDJ-11
Slide 12: La Negra Infill Drilling to Convert Foreign Estimate to JORC
La Negra Infill Drilling to Convert Foreign Estimate to JORC Shallow, high-grade silver mineralisation Infill drill returns best drill holes to date at La Negra in shallow horizontal “manto” mineralisation For personal use only Phase 1 infill drill results (first 11 holes) JDD005-25 28m at 0.2gpt Au
Slide 13: Cerro Leon Oxide
Cerro Leon Oxide High-grade silver grades close to surface with simple metallurgy, potentially low strip Includes highest silver drill intercepts to date for the project PR008-25: 17,061 GT For personal use only Oxide mineralisation starts at surface at extends to 50m vertical. USL 2024-2025 signifi
Slide 14: Cerro Leon Sulphide
Cerro Leon Sulphide Resource growth underpinned by multiple new discoveries Multiple new discoveries across Cerro Leon with +5km cumulative strike For personal use only RESOURCE GROWTH Karina P049-25 13m at 772gpt AgEq from 42m PR004-25 26m at 321gpt AgEq from 81m Savary P030-25 30m at 293gpt AgEq f
Slide 15: Santa Cruz, Argentina
Santa Cruz, Argentina Home of Majors, clear framework for permitting and building mines For personal use only ARGENTINA SANTA CRUZ Pro-investment environment Proven hub for major global miners RIGI (Incentive Regime for Large Anchored by industry leaders like Newmont, Investment) mirrors successful
Slide 16: Exploration and Development Milestones
Exploration and Development Milestones For personal use only COMPLETE UNDERWAY 1H 2026 (2H 2025) Regional consolidation Revised MRE Revised MRE (Cerro Leon / Joaquin acquisitions) Detailed geotechnical Pre-Feasibility Study (PLUS 150) 30,000m exploration and and pit optimisation RIGI qualification e
Slide 17: Joaquin Camp Site Overview
Maintenance Shed For personal use only & Warehouse La Morocha Site Office UG Portal Accommodation Access road (150 people) to provincial highway Route 12 Kitchen and Dining Room SITE OVERVIEW Joaquin Camp Image looking southwest showing Joaquin camp and accommodation, warehouse and site office ASX:U
Slide 18: De-risking the Pathway to Development
De-risking the Pathway to Development For personal use only Land Access Mining Permits Technical Studies Land Access Agreements in All resources within granted Detailed hydrology, place for all priority exploration mining licenses “minas” geotechnical areas Baseline Environmental Studies Robust meta
Slide 19: Board and Management
Board and Management ARGENTINA Peter Mullens Todd Williams Melanie Leydin José Bordogna Peter Canterbury Emilio Bastias Patricio Brividoro Chairperson Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Country Manager VP Exploration For personal use only Mr Mullen
Slide 20: Disclosure of Mineral Resources - Appendix A
Disclosure of Mineral Resources Appendix A Table 1. Cerro Leon – 2023 JORC (2012) Mineral Resources Category Tonnes AgEq (gpt) AgEq (Moz) Ag (gpt) Au (gpt) Pb (%) Zn (%) Ag (Moz) Au (Koz) Pb (Mlb) Zn (Mlb) For personal use only Indicated 6.82 172 37.8 86 0.49 0.28 0.93 18.8 107 41.9 140 Inferred 9.6
Slide 21: Disclosure of Mineral Resources - Appendix B
Disclosure of Mineral Resources Appendix B Table 2. Joaquin Project – Historical Foreign Estimate as of February 2013 Category Tonnes (Mt) Ag (gpt) Au (gpt) Ag (Moz) Au (Koz) AgEq (gpt) AgEq (Moz) For personal use only M&I 15.7 128 0.12 65.2 61.1 138 70.1 Inferred 1 100 0.12 3.1 3.7 110 3.3 Total 16
Slide 22: Disclosure: Exploration Target
Disclosure Exploration Target EXPLORATION RESULTS AND EXPLORATION TARGET The information in this announcement that relates to the PLUS 150 Exploration Target is mineralisation and type of deposit under consideration and to the activity being based on, and fairly reflects, information compiled by Mr
Slide 23: Development Strategy
Development Strategy Underpinned by comprehensive historical metallurgical testwork JOAQUIN CERRO LEON Year 2009-2017 2010-2013 For personal use only Study Level PFS Scoping Method Cyanide leaching, Cyanide leaching floatation, and sulphuric and floatation acid leaching Total samples Variability tes
Slide 24: Thank you
Unico Silver ASX:USL Thank you For personal use only Todd Williams MANAGING DIRECTOR EMAIL WEBSITE todd@unicosilver.com.au unicosilver.com.au INVESTOR PRESENTATION AUGUST 2025