Slide 1: A New Dawn for Silver in America
A NEW DAWN FOR CORPORATE PRESENTATION SILVER IN AMERICA Apollo Silver Corporation SEPTEMBER 2021 ADVANCING U.S. PURE SILVER PROJECTS
Slide 2: Cautionary Note Regarding Forward-looking Statements
Forward-looking Statements Cautionary Note Regarding Forward Looking Information: Except for statements of historical fact relating to Apollo Silver Corp. (the “Company” or “Apollo”), certain information contained in this presentation constitutes “forward looking information” under Canadian and U.S.
Slide 3: Cautionary Note: Historic Resources
CAUTIONARY Project Source Category Grade Tonnage Cutoff Ounces NOTE: Waterloo Pan American, 2013 Inferred 86 g/t Ag 37,079,349 tonnes* 20 g/t Ag 102,953,457 HISTORIC 12,700,000 Indicated 1.48 opt Ag 0.76 opt Ag 18,809,000 Langtry Moran et al., tons** RESOURCES 2012 Inferred 1.40 opt Ag 30,400,000 to
Slide 4: Investor Highlights
INVESTOR HIGHLIGHTS US-FOCUSED PURE PLAY SILVER STRONG PORTFOLIO MINING-FRIENDLY JURISDICTIONS UNIQUE PURE SILVER PLAY US ASSET BASE CAPITAL STRUCTURE EXPERIENCED TEAM • Significant silver mineralization • Tight capital structure and balance • Global resource sector experience across three
Slide 5: The Need for Silver
THE Silver’s Clean Energy Future • With its unique conductive and chemical NEED properties, silver is an important industrial metal with integral roles in electrical applications in green FOR technologies* SILVER • As global efforts to decarbonize and electrify advance it is expected that three indu
Slide 6: Capital Structure
CAPITAL Equity Ownership STRUCTURE High Net Retail 28% Worth/Strategic 27% 162M SHARES ISSUED 225M SHARES FULLY DILUTED $17.1M WORKING CAPITAL 63M WARRANTS 12M @ $0.25 4M @ $0.50 5M @ $0.75 Management 18% 35M @ $1.25 Institutions 28% OPTIONS & Directors 2.5M @ $0.33 4.5M @ $0.86 High Net Worth/Strat
Slide 7: The Apollo Team - Board of Directors
THE Andrew Bowering Chair Tom Peregoodoff CEO, Director Simon Clarke Director APOLLO • Venture capitalist with 30+ years operational experience. • 30+ years resource industry experience • 25+ years capital market experience TEAM • Executive Positions with TSX.V, • BHP, Peregrine Diamonds • Founder &
Slide 8: The Apollo Team - Management
THE Tom Peregoodoff CEO Chris Cairns CFO APOLLO • 30+ years resource industry experience • CPA, CA with 10 years experience working with publicly-listed TEAM • BHP, Peregrine Diamonds international companies • Currently Director, Pretivm • PricewaterhouseCoopers (PwC) Resources Previously the CFO of
Slide 9: Stewardship
Stewardship Environmental + Social + Governance The safety of our team and the minimization of our environmental impact is our priority. INTEGRITY PURE SILVER PLAY PERFORMANCE ENVIRONMENT SOCIAL We will operate with Apollo’s focus is on ESG principles will be Apollo’s operations will integrity and
Slide 10: Transformation is Complete
Transformation is Complete Vision to become the next U.S. mid-tier silver producer May PURE 12 PLAY SILVER July 7 July 9 July 12 September 3 Apollo Signs Apollo Apollo Closes Apollo Apollo Announces Definitive Acquisition Announces Amalgamation and Completes Name Change to Agreement to Create Clos
Slide 11: The Apollo Snapshot
HISTORIC 103 M 19 M OUNCES OZ OF SILVER INFERRED AT OZ OF SILVER INDICATED AT OF SILVER WATERLOO (HISTORICAL) (1,2) LANGTRY (HISTORICAL) (1,3) Calico DISTRICT- 6 KM 13 KM STRIKE LENGTH COLLECTIVE SCALE SIZE AT WATERLOO & LANGTRY STRIKE AT AZ SILVER DISTRICT Az Silver District THE 20 M 47 APOLLO HIST
Slide 12: Prime Jurisdiction
Prime Jurisdiction California maintains its position as an established mining jurisdiction in the USA PURE SILVERTop PLAYMining State Incentives for Companies Start-Up Activity • California ranked 4th in the US for • California offers mining companies • Several companies of varying size mineral pr
Slide 13: Calico Silver
CALICO SILVER Located in San Bernardino County, California COMBINATION OF THE WATERLOO AND LANGTRY PROPERTIES • The first time that the two assets have been under common ownership • 2,950 acres under control with combined 6,000 m mineralized strike • Mineralization open to depth and along strike LOC
Slide 14: Calico Silver
CALICO SILVER District scale mineral system endowment • Significant past silver producer • Potential for gold enrichment not fully defined 14
Slide 15: Calico Silver
CALICO SILVER Vested mining rights will facilitate permitting • Patented/Private Lands o Both have received Certificate of Land Use Compliance vesting surface mining rights which exempts these lands from certain land use permitting requirements. • Unpatented Lands o BLM managed public lands that are
Slide 16: Calico Silver - Drilling Highlights
LANGTRY – Drilling Highlights • CAL-40 - 24.38m of 497.0 g/t Ag from 1.52m • CAL-194 - 36.57m of 197.8 g/t Ag from 88.39m CALICO • CAL-177 - 27.43m of 233.9 g/t Ag from 67.05m • CAL-38 - 27.43m of 193.0 g/t Ag from 73.15m • CAL-102 - 19.81m of 241.3 g/t Ag from 112.77m SILVER WATERLOO - Drilling Hig
Slide 17: Calico Silver - Waterloo
CALICO A A’ SILVER Waterloo • Amenable to low-strip Untested ratio surface mining techniques • Mineralization Expansion – a number of holes end in mineralization • High Grade – 40+m End in silver intersections of +100 g/t mineralization Ag 17
Slide 18: Calico Silver - Waterloo Prospective Lower Barstow Fm
CALICO B B’ SILVER Waterloo Prospective Lower Barstow Fm • Possible mineralization expansion – south of the Cascabel Fault the lower Barstow Fm remains largely untested • South of the Calico Fault the lower Barstow has never been tested - new discovery potential Unexplored Possible Lower Barstow Fm
Slide 19: Calico Silver - Waterloo 2021/2022 Preliminary Program
CALICO SILVER Waterloo Untested 2021/2022 Preliminary Program Summary • Geophysical surveying – IP u and airborne magnetics • Surface geological mapping and sampling • Historical data compilation and metallurgical data audit • Resource drilling • Analytical and metallurgical test work • Environmenta
Slide 20: Calico Silver - Langtry
CALICO SILVER Langtry • South and along strike of Langtry Resource Quaternary alluvium cover has not been adequately tested Unexplored Lower Barstow Fm? 20
Slide 21: Calico Silver - Solid Foundation of Historic Data
ASARCO Original Assay vs Pan American Re-Assay (824 ASARCO pulps) CALICO 400 y = 0.9343x + 0.9648 SILVER R² = 0.9896 350 300 A solid foundation of 250 historic data ASARCO Assay Ag g/t 200 • Comparison assays between Asarco data and Pan American 150 data show excellent correlation • Minimizes amount
Slide 22: Metallurgical Testwork
Summary of Historical KEY TAKEAWAYS FROM METALLURGICAL Work HISTORICAL WORK TESTWORK (1,2,3) Both Asarco and Superior Oil Promising silver recoveries - 45% completed basis preliminary to 95% metallurgical work from 1965- • Limited advanced modern day test work completed to date 1979 Medium har
Slide 23: AZ Silver District Project
AZ SILVER DISTRICT PROJECT Located in La Paz County, Arizona DISTRICT SCALE POTENTIAL • 2,000+ acres including mineral title covering three major epithermal vein structures (West, Central, East) • 13 km (8 miles) collective strike length • Under-explored land package PRIME JURISDICTION • Located in
Slide 24: Value Proposition
VALUE PROPOSITION C$1,000M Market Capitalization ($CAD) C$800M C$600M CLEAR PATH TO SIGNIFICANT RE-RATING C$400M C$200M C$0M New Pacific Silver Tiger AbraPlata Aftermath Silver One Apollo NUAG SLVR ABRA AAG SVE APGO (Bolivia) (Mexico) (Argentina) (Chile) (USA) (USA) Figures as at April 21, 2021. 1)
Slide 25: Catalyst Timeline
CATALYST TIMELINE Apollo is focused on near-term re-rating Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Historical data aggregation Executing an Define Calico resource development plan $200K aggressive technical Define AZ Silver exploration plan campaign at Calico Calico technical work (mapping,
Slide 26: Apollo Silver
INVESTOR PRESENTATION APOLLO SILVER SEPTEMBER 2021 With our strong portfolio of projects, experienced and passionate team, and numbers that promise opportunity – we’re ready for our journey. We invite you to join us. CONSOLIDATED SCALABILITY POTENTIAL PREMIUM LEADERSHIP TEAM PORTFOLIO PRIMED FOR GRO