Southern Silver Exploration Corp. · TSXV:SSV
Southern Silver Exploration — Investor Presentation (November 2024)
20 slides from Southern Silver Exploration's investor presentation, November 2024
Slide 1: Developing the Cerro Las Minitas Project into the Next Major Silver Mine in Mexico
Developing the Cerro Las Minitas Project into the Next Major Silver Mine in Mexico Corporate Presentation November, 2024 SSV: TSX-V www.southernsilverexploration.com www.southernsilverexploration.com TSX-V: SSV OTCQX: SSVFF SSVFF: OTCQX
Slide 2: Forward Looking Statements and Technical Disclosure
Forward Looking Statements and Technical Disclosure Some of the statements contained in this presentation may be deemed “forward-looking All mineral resources have been estimated in accordance with Canadian Institute of Mining and statements.” These include estimates and statements that describe the
Slide 3: Investment Highlights
Investment Highlights Focused on developing the Cerro Las Minitas (CLM) Ag-Cu-Pb-Zn project located in Durango, Mexico One of the Largest and Highest Grade Undeveloped 2024 PEA Highlights Corporate Highlights Company Catalysts (pending News Flow) Silver Projects in the World • 17yr Life-of-Mine • 10
Slide 4: One of the Largest and Highest Grade Undeveloped Silver Assets in the World
Cerro Las Minitas One of the Largest and Highest Grade Undeveloped Silver Assets in the World 2024 Mineral Resource Estimate (as of March 20nd, 2024 using a $60NSR/t cut-off)1; Indicated – 116Moz AgEq 43Moz Ag, 32Kozs Au, 49Mlb Cu, 374Mlb Pb and 921Mlb Zn Inferred – 186Moz AgEq 83Moz Ag, 104Koz Au,
Slide 5: Capital Markets Profile
Capital Markets Profile Capital Structure Share Price and Volume (Last 24 Months) Ticker TSX-V:SSV Share Price (Nov 7, 2024) C$0.245 Current Shares Outstanding 309M Options 27.6M1 Warrants 46.0M2 Fully Diluted Shares Outstanding 383M Market Capitalization C$75.7M Cash & Cash Equivalents C$2.6M Enter
Slide 6: Management Team and Board
Management Team and Board Experienced Mine Finders with a History of Success in Mexico Lawrence Page (LL.B, KC) • Director and Officer of a number of public prominent exploration and mining companies President, Director • Major Projects and Mines involvement: Penasquito, Mexico; Hemlo and Eskay Cree
Slide 7: Project Portfolio
Project Portfolio District Scale Exploration & Development Cerro Las Minitas, Durango, Mexico – Flagship • 100% owned • Silver-enriched Skarn/CRD deposits • +US$28M spent on acquisition and exploration since 2011 • UPDATED ECONOMICS (June-2024) • Further Upside on both Exploration and Engineering ba
Slide 8: Infrastructure and Access
Cerro Las Minitas Infrastructure and Access Well Located in an Active Exploration and Development Jurisdiction Knowledgeable and Supportive Local Community with Superior Infrastructure • Safe jurisdiction, around non-narcotic related agriculture • Exploration permits in place • Located 70km NE of Du
Slide 9: Looking North from the Autopista (Highway)
Cerro Las Minitas Looking North from the Autopista (Highway) www.southernsilverexploration.com www.southernsilverexploration.com 9 TSX-V: SSV OTCQX: SSVFF
Slide 10: Site Geology and Deposit Distribution
Cerro Las Minitas Site Geology and Deposit Distribution A classic Ag-Pb-Zn CRD/Skarn system similar to major polymetallic Seven deposits make up the current Mineral Resources Mexican deposits • Mineralization is localized in sub-vertical structures and on dyke margins in • A Central Monzonite acts a
Slide 11: PEA Highlights
PEA Highlights Robust Project Economics: In comparison to the earlier 2022 economic model, the updated PEA now: • Base Case1: post-tax NPV5% = US$501M (C$682M) and IRR of 21.2%; Excellent Silver and Zinc Price Leverage: • Increases the Life of Mine (LOM) production by 5Mt, representing an approximat
Slide 12: Project Economics – Production Schedule and Cash Flow
Cerro Las Minitas Project Economics – Production Schedule and Cash Flow Modelled LOM Production: 29.5 Mt @ 104 g/t Ag, 0.11g/t Au, 0.19 Higher Margin Mineralization Targeted in the First Eight Years of % Cu, 1.06 % Pb, and 2.41 % Zn - Average NSR of $US 131/t Production Leading to Improved Economics
Slide 13: Potential Resource Expansion
Cerro Las Minitas Potential Resource Expansion Several Significant Shallow Extensions to Existing Deposits Remain to be Tested 25,000m of new drilling is identified which would target Resource Expansion in the Eastern and Northern Deposits • Potential Staged Program: • 6000m to test shallow targets
Slide 14: Potential Resource Expansion – Mine Life Extension
Cerro Las Minitas Potential Resource Expansion Mine Life Extension • Priority: Fill in Gaps in both the resource model and near-term expansion of the existing mine- plan • Initial 6000m program • Shallow targets <500m; • Priority 1: 10 holes = 4150m • Priority 2: Deeper holes selected based on earli
Slide 15: Potential Economic Updates, Further Opportunities, ESG and Permitting
Cerro Las Minitas Potential Economic Updates The PEA has modelled robust annual average cashflow particularly in the first eight years of mine-life. Further work could enhance the profitability of the project Further Opportunities ESG and Permitting Mine life extension: Continuing on the Pathway to
Slide 16: Oro and Hermanas Projects
Oro and Hermanas Projects Assets Overview US Exploration Southern continues to advance two earlier stage projects in southern New Mexico, giving the shareholder additional exposure to copper, gold and silver Oro Project • Large Laramide Cu-Mo-Au Porphyry system Hermanas • Widespread Au-Ag epithe
Slide 17: Oro and Hermanas Projects – Assets Overview
Oro and Hermanas Projects Assets Overview The Company has Identified Favorable Targets to Provide Investors an Exposure to Copper, Gold and Silver Oro Property Hermanas Project, Southern New Mexico • 100% owned by SSV • Newly optioned from Bud and Nick Hillemeyer and Perry Durning • +22.4 sq. km pro
Slide 18: Why Southern Silver
Why Southern Silver CLM - PEA Results Diverse Assets Catalysts Ongoing 17yr Mine life Property Package with Newly Updated PEA CLM: Drilling Fall ’24 Exposure to both US$4.5B – revenues CLM: Drilling Fall ‘24 Hermanas/Oro: New Precious and Base/EV NPV5% - US$501M Metal Prices Targeting Metals IRR – 2
Slide 19: Appendix
Southern Silver Appendix www.southernsilverexploration.com www.southernsilverexploration.com 19 TSX-V: SSV OTCQX: SSVFF
Slide 20: 2024 Resource Estimate
Cerro Las Minitas 2024 Resource Estimate 2024 Mineral Resource Estimate (as of March 20, 2024 using a US$60/t NSR cut-off); • Indicated – 116Moz AgEq: 43Moz Ag, 49Mlb Cu, 374Mlb Pb and 921Mlb Zn (272g/t AgEq; or US$132 NSR/t) • Inferred – 186Moz AgEq: 83Moz Ag, 111Mlb Cu, 582Mlb Pb and 1,106Mlb Zn (
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