Vizsla Silver Corp. · TSX:VZLA
Vizsla Silver — Technical Presentation (July 2024)
30 slides from Vizsla Silver's technical presentation, Jul 25, 2024
Slide 1: Panuco – Silver & Gold District
PANUCO – SILVER & GOLD DISTRICT Developing The Next World Class Silver Asset NYSE:VZLA TSXV:VZLA PEA Webinar Presentation July 25, 2024
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains “forward looking statements” regarding the Company within the meaning of applicable securities legislation, including statements as to future events, results and plans. Forward-looking statements are sometimes but not always identified by such wor
Slide 3: Vizsla's Vision – First Silver 2027
Vizsla’s Vision – First Silver 2027 Vizsla’s vision is to become the World’s Largest Single Asset Silver Primary Producer through exploration and development of the Panuco district in Mexico The Company cautions that the results of the PEA are preliminary in nature and include inferred mineral resou
Slide 4: Leadership – The Most Important Asset
Leadership – The Most Important Asset Michael Konnert Craig Parry Simon Cmrlec Jesus Velador Eduardo Luna CEO, Director Chairman COO, Director VP Exploration Director Founder & Managing Partner of Co-founder & Chairman of Inventa Former COO of Ausenco. 30+ Doctorate in epithermal deposits. Mexican m
Slide 5: Industry Leading Mine Economics
Industry Leading Mine Economics Significant Cash Flow Allows For Rapid Payback Post-Tax Economics Post-Tax FCF Pre-Tax FCF NPV(5%) $1,137M US$350M IRR 86% US$250M Payback 9 Months NPV/Capex 5.1x US$150M Sensitivities to Silver & Gold -10% Base Case +10% Spot Prices Upside US$50M Ag 24 26 29 31 40 (U
Slide 6: Low Initial Capital + High Grade
Low Initial Capital + High Grade Panuco demonstrates outstanding return on capital invested, with NPV 5.1x(1) higher than initial CAPEX $1,500M Bubble Size = NPV/CapEx Low Cost, High Yield High Cost, High Yield $1,250M Panuco Cordero (Vizsla) (Discovery) 1.5x 5.1x $1,000M NPV(5%) Silver Sand $750M (
Slide 7: Project 1: PEA Based on Large, High-grade Resource
Project 1: PEA Based on Large, High-grade Resource Resource Tonnes (Mt) AgEq(1) (g/t) AgEq (Moz) Indicated 9.5 511 156 Inferred 12.2 433 170 Conventional Mining, Conventional Processing Longhole (85%) 3,300 tpd Drift & Fill (15%) Initial mill throughput ramping up to 4,000tpd Mining method in yr-4 W
Slide 8: World-Class Silver-Gold Production
World-Class Silver-Gold Production Panuco to become a top-5 silver producer(1) with bottom quartile AISC 25Moz $25 Copala & Cristiano Tajitos Napoleon & Luisa Stockpile AISC (US$/Oz AgEq) 20Moz $20 20.2Moz Avg Annual Production Years 1-2 (AgEq) 15Moz $15 15.2Moz LOM Avg Annual Production (AgEq) 10Mo
Slide 9: Conventional Mining
Conventional Mining Looking South-West From Above Napoleon 100% Longhole Tajitos Longhole (85%) Drift & Fill (15%) Mining method Cristiano Copala (South) Copala (North) Development Copala (Central) Longhole Drift & Fill Design by Production Method: Copala Portal 9
Slide 10: Mine Design – Dilution
Mine Design – Dilution Minimum Mining Width Side Walls Floor & Backs Near & Far Wall Unplanned Dilution Unplanned Dilution Unplanned Dilution Unplanned Dilution Tonnes ('000) Copala Cristiano Tajitos Napolean La Luisa Unplanned Dilution 1,226 380,644 72,280 167,808 435,127 127,293 Subtotal, Unplanne
Slide 11: Copala - Mine Development Timeline
Copala - Mine Development Timeline Looking South-West From Above Tajitos Cristiano Pre-production (2yr) Copala (South) Y1 – Y2 Y3 – Y4 Copala (North) Y5 – Y6 Copala (Central) Y7 – Y8 Y8 – Y9 Y10+ Year Mined: Copala Portal 11
Slide 12: Napoleon - Mine Development Timeline
Napoleon - Mine Development Timeline Looking South-West La Luisa Cruz Negra / Josephine Pre-production (2yr) Napoleon (Main) Y1 – Y2 Y3 – Y4 Napoleon (South) Y5 – Y6 Y7 – Y8 Y8 – Y9 Y10+ Year Mined: Napoleon Portal 12
Slide 13: Surface Infrastructure - Preliminary Mine Layout
Surface Infrastructure - Preliminary Mine Layout Copala Town Buffer High Voltage Power Stockpile Tailings Storage Facility Napoleon Copala Portal Portal Waste Dump Federal Highway 40D Processing Facility Existing Roads Collection Pond Federal Highway 40 13
Slide 14: Processing Facility 3,300 tpd Whole Ore Leach
Processing Facility 3,300 tpd Whole Ore Leach 1 3CB Comminution 2 Bulk Leaching & CCD 11 52 3 Merrill Crow & Refining 63 4 Cyanide Detox & Tailings 24 53 5 Bulk Flotation(1) Expansion (Future) 6 Concentrate Regrind(1) & Leach (Future) 46 1. Bulk flotation is being considered for phase 2 expansion to
Slide 15: Metallurgical Testwork
Metallurgical Testwork Testwork History Conventional Processing • To date, three rounds of metallurgical testwork have been • Testwork demonstrates high precious metals recoveries (up to completed on the main deposits at Panuco 93% Ag and 94% Au) • Napoleon (2021), Tajitos (2022), Copala (2023) • Si
Slide 16: Tailings Storage Facility
Tailings Storage Facility Tailings storage facility located 2.5km from process facility, primarily gravity fed • Wet tailings was selected for both technical and economic reasons • ~60% of tailings are sent to TSF • Water is recycled from the TSF to the process plant • Tailings dam strategically loc
Slide 17: Tailings Storage Facility
Tailings Storage Facility • TSF berm is initially constructed for two years capacity, expanding in three phases to full capacity • TSF berm is raised using the centerline construction methodology(1) • The bulk of construction materials sourced from within the dam footprint 650m 620m 590m 560m 530m 3
Slide 18: Initial Capital Expenditures
Initial Capital Expenditures Panuco CAPEX Panuco - Direct Cost Breakdown Mechanical Equipment Pricing Initial CAPEX Initial CAPEX Underground Mining $64.52 BULK EARTHWORKS CONCRETE 3% Process Plant $63.19 MINE DEVELOPMENT 8% STRUCTURAL 47% STEELWORK Additional Facilities $8.68 2% On-Site Infrastruct
Slide 19: Panuco Operating Expenditures
Panuco Operating Expenditures LOM OPEX (US$M) Unit Operating Costs Mining Costs $689.54 Mine $47.21 Processing $315.87 Processing $21.62 TSF Operating Costs $4.83 TSF $0.33 Site G&A Costs $105.71 Site G&A Costs $7.24 Total (US$M) $1,116 Total (US$/t processed) $76.40 Mining OPEX Processing OPEX Powe
Slide 20: Areas For Enhancement
Areas For Enhancement Tight Spaced Drilling at Copala & Exploration of Open Resources • Continued exploration and infill drilling for conversion of Inferred Resources to Measured and Indicated categories supports resource growth in pending resource update (Q4 2024) Optimized Metallurgy • Supplementa
Slide 21: Permitting & Community
Permitting & Community Key applications to be submitted over 30-year operating agreements with all 5 local Ejido the next 12 months Environmental Impact Assessment (MIA) Change of Land Use Water Rights & TSF • 7 infrastructure projects & $300k invested to benefit 4 local communities Power Usage (CFE
Slide 22: Development Timeline
Development Timeline Advancing development towards Feasibility Study in H2 2025 Milestones Q3/24 Q4 Q1/25 Q2 Q3 Q4 PEA Conversion Drilling Commence Permitting Resource Update Commence Test Mine Feasibility Study 22
Slide 23: Panuco is a Standout Developer in the Silver Space
Panuco is a Standout Developer in the Silver Space Annual Production (Moz AgEq) AISC US$/Oz AgEq Bottom Quartile AISC US$18.09 /oz AgEq 22.7Moz 22.6Moz 21.9Moz $31.6 20.2Moz 18.7Moz $25.4 US$9.40 15.2Moz $24.2 -48% /oz AgEq 14.2Moz 13.7Moz $21.4 $20.5 $20.2 $16.5 12.2Moz 10.2Moz $15.8 $15.3 $14.7 $1
Slide 24: Dual Track Strategic Plan
Dual Track Strategic Plan Vizsla Silver aims to become the world’s leading silver company by implementing a dual track development approach, advancing Copala & Napoleon mine development while continuing district scale exploration through low-cost means Developing Panuco Project 1 Exploring a Prolifi
Slide 25: Post PEA Excess Return: Significant Upside Remains
Post PEA Excess Return: Significant Upside Remains Post PEA Daily Returns in Excess(1) of GDXJ +/- 80 days Discovery Silver 125% 100% Pre-PEA 0% Post-PEA 51% 75% GoGold 50% 51% 25% Silvercrest 0% Mag Silver -25% -50% -80 -75 -70 -65 -60 -55 -50 -45 -40 -35 -30 -25 -20 -15 -10 -5 0 5 10 15 20 25 30 3
Slide 26: Three Reasons to Own Vizsla Silver (VZLA-NYSE)
Three Reasons to Own Vizsla Silver (VZLA-NYSE) Fast Track to Production Immense Exploration Upside Significantly Undervalued Advanced Developer Growing Land Package Timing Feasibility Study in H2 2025, Tripled land package in 2024, building Strong leverage to rising metals prices targeting first sil
Slide 27: We Appreciate All Our Stakeholders
We Appreciate All Our Stakeholders A Special Thanks to The Local Communities & Ejido Groups entech. Platanar de los Ontiveros Santa Lucia San Miguel del Carrizal El Habal Copala Pànuco
Slide 28: Information Concerning Estimates of Mineral Resources
INFORMATION CONCERNING ESTIMATES OF MINERAL RESOURCES The scientific and technical information in this presentation was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the “SEC”). The terms "measured mineral reso
Slide 29: Disclaimer
DISCLAIMER General This corporate presentation is intended to provide an overview of the business of Vizsla Silver Corp. (the “Company”, “Vizsla” or “Vizsla Silver”). It has been prepared for informational purposes only and does not purport to be complete. The information in this presentation is not
Slide 30: Questions?
Questions? NYSE:VZLA TSXV:VZLA July 2024