Silver Mines Limited · ASX:SVL
Silver Mines — Investor Presentation (December 2024)
36 slides from Silver Mines's investor presentation, Dec 13, 2024
Slide 1: Capital Raising Presentation
For personal use only CAPITAL RAISING PRESENTATION Not for release to US wire services or distributions in the United States Jo Battershill – Managing Director December 2024
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER You are advised to read the following carefully before making any use of the information contained in this presentation. For personal use only This presentation is dated 13 December 2024 (“Presentation”) and has been prepared by Silver Mines Limited (ACN 107 452 942)
Slide 3: Important Notices and Disclaimer (Continued)
IMPORTANT NOTICES AND DISCLAIMER (CONTINUED) Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs and seek professional advice from their legal, financial, taxat
Slide 4: Important Notices and Disclaimer (Continued)
IMPORTANT NOTICES AND DISCLAIMER (CONTINUED) Production Targets For personal use only The information in this Presentation that relates to Production Targets has been extracted from the Company's ASX Announcement “Feasibility Study – Bowdens Silver Project” dated 14 June 2018. A copy of this announc
Slide 5: Corporate Information
SILVER MINES LIMITED CORPORATE INFORMATION For personal use only Share Trading History Capital Structure before offer (ASX: SVL) 0.35 40 AUD USD 0.30 35 Shares on Issue (m) 1,510 1,510 0.25 30 Share Price ($) 5 Dec 0.115 25 Undiluted Market Capitalisation ($m) 173.7 111.9 XAG (US$/oz) SVL (A$/sh) 0.
Slide 6: Board
SILVER MINES LIMITED BOARD For personal use only Mr Keith Perrett Mr Jo Battershill Ms Kristen Podagiel Mr Robert (Rob) Dennis Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mr Perrett has had a long involvement Mr Battershill graduated with a Ms Podagiel has
Slide 7: Why Invest in Silver Mines Limited
WHY INVEST IN SILVER MINES LIMITED For personal use only One of the world’s largest, undeveloped silver projects Bowdens Silver mineralisation remains open with outstanding drilling results along strike and at depth Resource of 189Moz silver (396 Moz AgEq) Multiple options to extend mine life Reserv
Slide 8: Capital Raising
SILVER MINES LIMITED CAPITAL RAISING For personal use only Offer • A$25M placement (Placement) to sophisticated or professional investors. • Offer Price of A$0.092 per share representing: Offer Price • 20.0% discount to the last traded priced of A$0.115 on 5 December 2024; and • 9.6% discount to the
Slide 9: Use of Funds
SILVER MINES LIMITED USE OF FUNDS For personal use only Advancing approvals and engineering to align with a target FID by end 2025 Acquisition of key freehold properties neighbouring the Bowdens deposit Continue exploration primarily on new targets to demonstrate prospectivity of large tenement hold
Slide 10: Silver: Metal of Innovation
For personal use only SILVER METAL OF INNOVATION
Slide 11: Why Silver?
SILVER WHY SILVER? For personal use only Electrical Photovoltaics ► Monetary value and (21% of demand*) (19% of demand) store of wealth ► Highest electrical and thermal conductivity of all metals ► The best reflector of A safe haven in times Portfolio Hedge against Jewellery 5G networks visible ligh
Slide 12: Key Statistics / Supply & Demand
SILVER Recyling 18% Mine production 82% KEY STATISTICS / SUPPLY & DEMAND Silver supply For personal use only ~1,220M annual consumption ► Industrial applications: electronics | solar | medicine | water purification | window manufacturing Deficit Cumulative deficit of 1,010 543Moz 2021 – 2023 ~830M a
Slide 13: Bowdens Silver Project High Tech Metals
BOWDENS SILVER PROJECT HIGH TECH METALS For personal use only Bowdens Silver falls under the New South Wales Government’s Critical Minerals and High-Tech Metals Strategy Establishing NSW as a world … identify critical minerals as an leader for investment in emerging sector and represents a sustainab
Slide 14: Introduction to Bowdens Silver Project
For personal use only INTRODUCTION TO BOWDENS SILVER PROJECT
Slide 15: Bowdens Silver Project
SILVER MINES LIMITED BOWDENS SILVER PROJECT For personal use only Bowdens Silver Project Asset Location Bowdens Silver Project One of world’s largest located in central New undeveloped silver South Wales, Australia deposits with 189Moz silver (396Moz AgEq) in Project 100% owned resource1,2 Bowdens D
Slide 16: Bowdens Silver Project Overview
BOWDENS SILVER PROJECT OVERVIEW For personal use only Highlights Timeline of major milestones Sept 2017 Jun 2018 Mar 2023 Aug 2024 The largest silver development project in Australia Mineral Resource Court of Appeal Mineral Resource Feasibility Study completed (275 completed upgrade (396 set asides
Slide 17: Bowdens Silver Project Permitting Update
BOWDENS SILVER PROJECT PERMITTING UPDATE For personal use only Advice received suggests the Development Application remains alive and on foot and has not been finally determined by the consent authority, the IPC …the court had not refused the Bowdens DA but had declared the consent void … the applic
Slide 18: Bowdens Silver Project Optimisation Program
BOWDENS SILVER PROJECT OPTIMISATION PROGRAM For personal use only 2018 Feasibility Study1 Optimisation Program Feasibility Study Metallurgical flotation Reduced development 29.9Mt Ore optimisation program optimisation program footprint with updated targeted for completion targeting increased design
Slide 19: Bowdens Silver Exploration: Strike and Depth Extensions
BOWDENS SILVER EXPLORATION STRIKE AND DEPTH EXTENSIONS For personal use only 19
Slide 20: Bowdens Silver Project Key Conclusions
BOWDENS SILVER PROJECT KEY CONCLUSIONS For personal use only ► Largest silver ► Considerable ► Bowdens Feasibility ► 2Mtpa project development project exploration potential Study completed in producing >50Moz in Australia 2018 Ag over LOM ► Large mineralised ► Resource of 396 Moz system remains open
Slide 21: Regional Exploration: A Major Mineralised System
For personal use only REGIONAL EXPLORATION A MAJOR MINERALISED SYSTEM
Slide 22: Bowdens Silver Project Regional Geology
BOWDENS SILVER PROJECT REGIONAL GEOLOGY For personal use only Extensive tenement holding (2,115 km2 = 521,000 acres) 100% controlled by Silver Mines Wide range of prospective deposit types Eastern limb of the Macquarie Arc - potential for significant mineralisation Mid-Carboniferous Rylstone Volcani
Slide 23: Bara Creek: A Greenfield Discovery Opportunity
BARA CREEK A GREENFIELD DISCOVERY OPPORTUNITY For personal use only ► Drilling commenced in October 2024 ► The Stage 1 drilling program will consist of eight diamond drill holes for 2,600m ► Interpreted as a high-sulphidation epithermal target ► Geochemical anomalism located around a multitude of fa
Slide 24: Tuena Gold Project
SILVER MINES LIMITED TUENA GOLD PROJECT For personal use only Location Limited modern drilling South of Blayney, NSW Best hit 4m @ 6.9g/t Historic goldmine Previously unrecorded historic minimal work in modern era workings identified Geological analogies Airborne magnetics to McPhillamys Gold Projec
Slide 25: For personal use only
For personal use only Registered Office: P: +61 2 8316 3997 Level 28, 88 Phillip Street Sydney NSW 2000 F: +61 2 8316 3999 Postal Address E: info@silvermines.com.au GPO Box 255 Sydney NSW 2000 W: www.silvermines.com.au Australian Company Number 107 452 942
Slide 26: Appendix
For personal use only APPENDIX
Slide 27: Appendix 1: Bowdens Silver Mineral Resources
APPENDIX 1: BOWDENS SILVER MINERAL RESOURCES (AS AT MARCH 2023) For personal use only Million Million Tonnes Silver Eq. Silver Zinc Lead Gold 30 g/t Ag Eq Cut Ounces Ounces (Mt) (g/t) (g/t) (%) (%) (g/t) Silver Silver Eq. Measured 107 68 40 0.36 0.25 0.03 137 235 Indicated 50 55 20 0.38 0.26 0.09 33
Slide 28: Appendix 2: Bowdens Silver Ore Reserve
APPENDIX 2: BOWDENS SILVER ORE RESERVE (AS AT MAY 2018) For personal use only Silver Eq. Silver Tonnes Silver Eq. Silver Zinc Lead Zinc Lead Million Million (Mt) (g/t) (g/t) (%) (% ) Kilo-tonnes Kilo-tonnes Ounces Ounces Proved 28.6 102.2 69.75 0.44 0.32 93.85 64.05 125.11 91.43 Probable 1.3 84.4 53
Slide 29: Appendix 3: International Offer Jurisdictions
APPENDIX 3: INTERNATIONAL OFFER JURISDICTIONS This document does not constitute an offer of new ordinary shares (“New Shares”) or the new options (“New Options”) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and t
Slide 30: Appendix 3: International Offer Jurisdictions
APPENDIX 3: INTERNATIONAL OFFER JURISDICTIONS Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Markets Act 2000
Slide 31: Appendix 3: International Offer Jurisdictions
APPENDIX 3: INTERNATIONAL OFFER JURISDICTIONS This document constitutes an offering of New Shares and New Options only in the Provinces of British Columbia, Ontario and Quebec (the “Provinces”), only to persons to whom New Shares and New Options may be lawfully distributed in the Provinces, and only
Slide 32: Appendix 3: International Offer Jurisdictions
APPENDIX 3: INTERNATIONAL OFFER JURISDICTIONS This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The New Shares and New Options, and the underlying ordinary shares, have not been, and will not be, registered under the US Securit
Slide 33: Appendix 4: Key Risks
APPENDIX 4: KEY RISKS Set out in this section are potential risks associated with Company, the Capital Raising, the industry in which the Company operates and an investment in the Company’s shares. It is not an exhaustive list of every risk faced by the Company now or in the future. For personal use
Slide 34: Appendix 4: Key Risks
APPENDIX 4: KEY RISKS The Company may also require further financing support in the future to support additional capital expenditure or to meet future objectives. There is no certainty that it will be successful in Availability of obtaining the financing required as and when needed, on favourable te
Slide 35: Appendix 4: Key Risks
APPENDIX 4: KEY RISKS The Company’s business is subject to a number of risks and hazards generally, including adverse environmental conditions, industrial accidents, labour disputes, code of conduct breaches, unusual or unexpected geological conditions, ground or slope failures and natural phenomena
Slide 36: Appendix 4: Key Risks
APPENDIX 4: KEY RISKS The Company’s relationship with the communities in which it operates is important to ensure the future success of its operations. A failure by the Company to adequately respond to changes in Community & environmental laws (including those relating to climate change) or comply w