Sun Silver Ltd. · ASX:SS1
Sun Silver — Diggers & Dealers 2024
23 slides from Sun Silver's conference presentation, August 2024
Slide 1: Sun Silver Limited – Diggers & Dealers Silver Service
SUN SILVER LIMITED ASX CODE - SS1 Diggers & Dealers -“Silver Service” August 2024
Slide 2: Important Information
IMPORTANT INFORMATION Not a disclosure document The purpose of this presentation is to provide general information about the Company and the Maverick Springs Project (Project) only. This presentation is not a disclosure document for the purpose of Chapter 6D of the Corporations Act 2001 (Cth) (Corpo
Slide 3: Investment Highlights
Investment Highlights Resource growth Largest primary Silver market in potential – update Value opportunity silver asset on ASX. deficit - 184Moz imminent • Current Resource: 292Moz AgEq @ • Resource update imminent • Silver demand in Industrial uses • Significant value disconnect to 72.4g/t1 • Hist
Slide 4: Maverick Springs: The largest early-stage Silver project in development
MAVERICK SPRINGS: The largest early-stage Silver project in development With 175.7 Moz of 180.0 silver, Maverick 160.0 Springs is the largest deposit in early 140.0 development stage on ASX and TSX. 120.0 M Oz Silver 100.0 80.0 60.0 40.0 20.0 .0 Maverick Candelaria Kempfield Los Reyes Wonawinta Cerr
Slide 5: Corporate Summary
Corporate Summary Shareholder Distribution Shares on Issue – 124.98M Market Capitalisation – ~$64M at 51c share 47% 53% IPO 15th May @ $20c Cash as of June Quarter – $6.58M Top 20 Shareholders Balance of Holders 5
Slide 6: Development focused management team
Development focused management team Gerard O’Donovan Dean Ercegovic Nathan Marr Robert Anderson Executive Director Non-Executive Chairperson Non-Executive Director Exploration Manager – Nevada • Previous MD & CEO of Battery Age • Founding Director & Chief Operating • Qualified metallurgist with over
Slide 7: Tier 1 jurisdiction - Nevada
Tier 1 jurisdiction - Nevada • 75% USA silver & gold production from Nevada • Carlin Trend – Soft Carbonate host rocks amenable to low-cost mining & production • Nevada ranked #1 mining jurisdiction globally Fraser Inst survey 2022 – well documented process to production • Property located 85km from
Slide 8: Significant M&A Activity in Nevada in recent years
Significant M&A Activity in Nevada in recent years ($USD) 8 Source: Refer to Appendix A
Slide 9: Proximal Mining Operations to Maverick Springs
Proximal Mining Operations to Maverick Springs 9
Slide 10: Maverick Springs – Globally significant JORC Resource 292,000,000 oz AgEq
MAVERICK SPRINGS – Globally significant JORC Resource 292,000,000 oz AgEq at 72.4 g/tonne AgEQ AgEQ Classification Tonnes Ag (g/t) Au (g/t) Ag (Moz) Au (Moz) (g/t) (Moz) Inferred 125,421,000 72.4 43.5 0.34 292.0 175.7 1.37 Important: Mineral Resource estimated in accordance with the Australasian Cod
Slide 11: Maverick Springs – Resource growth imminent
MAVERICK SPRINGS – Resource growth imminent 11 Important: Full details of the mineral resource estimate are contained in the Company’s Replacement Prospectus dated 17 April 2024.
Slide 12: Maverick Springs – Exploration History & Upside
MAVERICK SPRINGS – Exploration History & Upside • Significant thick and high-grade mineralized intercepts including intervals of 6,216g/t silver over 1.5m have defined a HIGH GRADE TARGET ZONE4 • ~200 holes for ~60,000m drilled to date • All core and RC chips available in Elko with assessment comple
Slide 13: Significant value added - Only 11 weeks post listing
Significant value added - Only 11 weeks post listing • 7500m drilling programme underway targeting extensional targets and infill. • Extensional hole outside of resource intersects 296g/t silver in pXRF readings5* – assays pending • Infill drilling has confirmed historical results giving greater geo
Slide 14: What's next in the field
What's next in the field • Geophysics, geochem & field mapping has been interpreted & defined further high priority drill targets6 (in green). • Drilling will continue to test extensional holes to the northwest. • Infill drilling will continue to target classification upgrade. Historical drilling cl
Slide 15: Macro Silver Market – Supply/Demand Balance v Price
Macro Silver Market – Supply/Demand Balance v Price Deficit / Surplus M Oz Ag USD / Ag Oz Source: Refer to Appendix A 16
Slide 16: Silver & Solar
Silver & Solar Silver is an essential material of every solar panel. 23% of a panel material cost is silver Silver Demand for Solar Panels 2014 - 2024 Silver demand from solar panels increased 380% since 2014 from 48 million ounces, to 232 m Oz in 2024. Maintaining current trajectory of solar panel
Slide 17: USA Target 30% Solar by 2030
USA Target 30% Solar by 2030 Currently 3% Solar 125 GW per annum Silver the most critical additional capacity target By 2030 metal posing price and supply risks 98% of current global silver reserves could be depleted by 2050 based on demand projections. Source: Refer to Appendix A 18
Slide 18: Silver Paste Opportunity – US Growth Market
Silver Paste Opportunity – US Growth Market • Silver paste a key component in PV panel supply chain manufacturing • Over 90% of Solar PV cells manufactured in China. • 50% Tariff on Chinese solar imports to US • Banned imports from Xinjiang – 50% PV supply – due to ESG concerns • USD$60m Silver Past
Slide 19: Global Silver Deposits Over 100m Oz of pure silver in US & Australia
GLOBAL SILVER DEPOSITS OVER 100m Oz of pure silver in US & Australia Only 10 with 100 million + Oz of silver - critical to the future of clean energy Source: Refer to Appendix A 20
Slide 20: Key Activities – What's ahead
Key Activities – What's ahead RESOURCE RESOURCE UPGRADE/GROWTH - IMMINENT CLASSIFICATION UPGRADE SILVER PASTE INVESTIGATION DRILLING – EXTENSIONAL & INFILL – UNDERWAY MET TEST WORK Resource increase 7500m Infill & Increase classification Expand historical test Investigative studies utilising current
Slide 21: Thank You
Thank You Contact Information: Gerard O’Donovan Executive Director A: 288 Railway Parade, West Leederville, WA, 6007 W: sunsilver.com.au E: info@sunsilver.com.au Investor Relations: Nicholas Read READ Corporate T: (08) 9388 1474 E: nicholas@readcorporate.com.au
Slide 22: Appendix A – References
Appendix A – References Slide 7 Sources include: https://s2.q4cdn.com/496390694/files/doc_financials/2023/q4/KGC-Q4-year-end- 2023_Exploration-news-release-FINAL.pdf https://s201.q4cdn.com/254090064/files/doc_earnings/2024/q1/presentation/2024-1Q-Earnings-Deck-Final.pdf Slide 8 Sources include: http
Slide 23: Appendix B – Silver Deposits Comparison
Appendix B – Silver Deposits Comparison Deposit country Company Tonnes (Mt) Ag (g/t) Contained Ag (Moz) SOURCE Maverick Springs USA Sun Silver 125.4 43.5 175.7 https://www.sunsilver.com.au/maverick-springs Candelaria USA Silver One resources 65.6 59 124.2 https://silverone.com/projects/overview/ Kem