Silverco Mining Ltd. · TSXV:SICO
Silverco Mining — Investor Presentation (October 2025)
21 slides from Silverco Mining's investor presentation, October 2025
Slide 1: Mexico's Next Quality Silver Producer
TSX.V: SICO MEXIC O’ S NEXT QUALITY S ILVER PRODUC ER Advancing the Cusi Mining Complex COMPANY PRESENTATION – OCTOBER 2025 SILVERCOMINING.COM
Slide 2: Disclaimer
DIS C LAIMER This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and events or d
Slide 3: Why Silverco?
W HY S ILVERC O? THE COMPANY THE VISION CUSI MINING COMPLEX CONTAINS A PERMITTED PAST-PRODUCING MINE, CREATE A 10+MOZ SILVER PRODUCER IN THE NEXT 3 YEARS A 1,200 TPD MILL, AND AN 11,665-HA LAND PACKAGE Fully Permitted: Cusi Mining Complex is an underground permitted silver, Build a higher-grade reso
Slide 4: Management & Board
MANAGEMENT & BOAR D Mark Ayranto, President, CEO and Director Carlos Beltran, Exploration Manager Mark is an accomplished mining executive with a history of success in Carlos has extensive experience in epithermal vein deposits in Mexico. He building and leading high-performing mining organizations.
Slide 5: Corporate Structure
C OR POR ATE S TR UC TUR E TSX.V: SICO OWNERSHIP 5% RTO OVERVIEW 18% 38% Founders HNW/INST Eric Sprott 39% CAPITAL STRUCTURE (private) Shares Outstanding 16.9M Fully Diluted Shares 20.4M Market Cap (last raise) $50.7M Cash $10M EV $40.7M Raised C$11M at C$1.50 per share to fund Cusi acquisition and
Slide 6: Location
LOC ATION MINING JURISDICTION • Located along the Sierra Madre Occidental belt hosting many major deposits: Gatos, Cordero, Parral • Located 120km West from the city of Chihuahua and 20km south of Cuauhtemoc city • Access to an experience labour pool with over 1M population • Great Infrastructure: •
Slide 7: Project Overview
PROJEC T OVER VIEW OVEVIEW THE MINE • 11,665 Ha land package includes two highly prospective • 1,200 tpd underground operation claims within the broader Cusi Mining Complex • 66Moz AgEq global historic resource • Potential to significantly increase economics at Cusi • Replacement value of >$150M thr
Slide 8: Project Path Forward
PROJEC T PATH FOR WAR D OVEVIEW KEY MILESTONES • 11,665 Ha land package includes two highly prospective claims • 2014: Commenced commercial production Cusi at 650 tpd milling within the broader Cusi Mining Complex rate • Potential to significantly increase economics at Cusi through • 2019: Capacity
Slide 9: Claims & Veins
C LAIMS & VEINS Promontorio Mine Eduwiges Mine CUSI CLAIMS CUSI GEOLOGY AND VEIN MAP TSX.V: SICO 9
Slide 10: District Scale Potential Recognized
DIS TR IC T S C ALE POTENTIAL R EC OGNIZED Previous Approach: • Focus on production and resource drilling • Little systematic property wide exploration • Use resource drilling as exploration tool Two Significant Discoveries: • Discovery of the Santa Rosa de Lima zone at Promontorio (2017) • Recognit
Slide 11: Downthrown Extensions
DOW NTHROW N EXTENS IONS Promontorio Mine Eduwiges Mine Andesite Andesite Initial Downthrown extension mined 21.1m @ 156 g/t Ag w/ 5.15m @ 353 g/t Ag DC21M837 4.2m @ 842 g/t Ag & 1.56 g/t Au 3.15m @ 498 g/t Ag & 0.23 g/t Au DC17B718 CU-24-10 OPEN 0.3m @ 3,326 g/t Ag & 0.30 g/t Au 1.55m @ 1,065 g/t A
Slide 12: San Miguel
S AN MIGUEL HIGH-GRADE RESULTS Historical drilling from 2006 - 2007 • Drilling on consolidated inset claims successfully demonstrated the San Miguel shoot is open with good widths and high grades to the deepest drilled holes • High gold values suggest still room for greater 2.55m @ 365 g/t AgEq 5.35
Slide 13: Silverco Mining Comps
S ILVERC O MINING C OMPS $9,610M 3,500 A SIGNIFICANT VALUE GAP 650 EV/AgEq Oz pa(C$) Mkt Cap (C$M) $566 3,000 550 $509 $2,663M $2,627M 2,500 $459 $2,413M 450 $2,173M $390 2,000 350 $1,709M $318 Avg. EV/AgEq Oz pa $261 $291 $1,496M $241 1,500 250 $1,244M 15x Production $204 Rerate 1,000 150 $138 $89
Slide 14: Our Roadmap
OUR ROADMAP RAISED C$25M TO DATE ✓ MINE RESTART STUDY (Q1/26) Pre-money valuation of C$51M • Resource update incorporating new and ¼ the value of restart peers historical data (Q1/26) 1/25th the value of producing peer Avino • 3 to 5-year mine plan with economic study Silver and Gold supportin
Slide 15: Path to 2.5M Oz
PATH TO 2. 5M OZ RESOURCE EXPANSION & RESTART STUDY INCREASING PRODUCTION FROM 1.4M to 2.5M+ Ongoing Resource Drilling: 15,000 metre drill program well underway, Fill the Mill: Increase plant capacity from 65% to 90%+, and modernize results to be released in Q4 2025 and Q1 2026 processing equipment
Slide 16: Resource Growth
R ES OURC E GROW TH HISTORIC RESOURCE The property hosts a historic global resource of 66M oz AgEq @ 200 g/t AgEq • Measure and Indicated of 37M oz @ 215 g/t AgEq • Inferred 28.8M oz @ 183 g/t AgEq 2026 GOAL -> 100M oz AgEq Phase 3 drilling program to commence in 2026 and focus on: • Continued expan
Slide 17: Contact Us
C ONTAC T US MARK AYRANTO, CEO HEAD OFFICE GENERAL SOCIAL info@silvercomining.com 750-1095 W Pender St silvercomining.com Vancouver, BC, V6E 2M6 info@silvercomining.com Canada TSX.V: SICO TSX.V: SICO 17
Slide 18: Appendix
APPENDIX
Slide 19: Historic Resources
HIS TOR IC R ES OURC ES NON-COMPLIANT HISTORIC RESOURCE Tonnes Pb AgEq AgEq Category Ag (g/t) Zn (%) Au (g/t) (x1000) (%) (g/t) (M oz) Resources Measured 850 213.0 0.3 0.3 0.1 231.0 6.3 Indicated 4,506 176.0 0.5 0.6 0.1 212.0 30.7 Measured & 5,356 181.9 0.5 0.6 0.1 215.0 37.0 Indicated Inferred 4,89
Slide 20: Silver Supply Deficit
S ILVER S UPPLY DEFIC IT Silver has been in a structural supply deficit for the last 5 years and is expected to continue. • Deficit for 2025 is expected to be 188 million ounces, equivalent to the total production of the top 6 silver producers in the world. • Silver supply over the last decade has b
Slide 21: Silver Price Impact on Historic 2020 PEA
S ILVER PR IC E IMPAC T ON HIS TOR IC 2020 PEA • 2020 PEA returns a NPV8 of US$52.5M using a $20 per ounce silver price • The sensitivity table maxes out at a 30% improvement (US$26 per silver ounce). Results in an increase to an NPV8 of US$115.1M 2020 PEA Base 2020 PEA Upside “This is a 120% increa
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