Apollo Silver Corp · TSXV:APGO
Apollo Silver — Investor Presentation (February 2022)
30 slides from Apollo Silver's investor presentation, February 2022
Slide 1: Advancing Calico
ADVANCING CALICO APOLLO SILVER CORP. AMERICA’S NEWEST TIER 1 TSX.V:APGO OTCQB:APGOF SILVER PROJECT F R A N K F U RT: 6 Z F 0 PURE U.S. SILVER www.apollosilver.com INVESTOR DECK • FEBRUARY 2022 (604) 428-6128 info@apollosilver.com
Slide 2: Cautionary Note: Forward Looking Statements
CAUTIONARY NOTE: Forward Looking Statements Forward Looking Statements This presentation includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this presentation, other than statements of historical fa
Slide 3: Cautionary Note: Information Concerning Resource Estimates
CAUTIONARY NOTE: Information Concerning Resource Estimates Cautionary Note for Mineral Resource Estimates The Mineral Resource Estimate (“MRE”) has been prepared by Derek Loveday, P. Geo., of Stantec Consulting Services Ltd. (“Stantec”) in conformance with the Canadian Institute of Mining, Metallurg
Slide 4: Investor Highlights
INVESTOR HIGHLIGHTS US FOCUSED PURE PLAY SILVER TIER 1 PORTFOLIO STRONG BALANCE SHEET LEVERAGE TO STABLE EXPERIENCED SILVER JURISDICTION TEAM 166 MILLION SAN $2 BILLION OUNCES(1) BERNARDINO 58.1 Million Tier 1 jurisdiction Track record of tonnes at 89 g/t shareholder value silver (“Ag”) Private land
Slide 5: Capital Structure
TSX.V: APGO OTCQB: APGOF CAPITAL STRUCTURE Frankfurt: 6ZF0 CURRENT INSTITUTIONAL SHAREHOLDERS4 SHARE PRICE¹ C$0.62 Sprott Asset Management LP SHARES ISSUED² 163,755,395 Jupiter Investment Management INSTITUTIONAL HOLDINGS 45,070,833 Delbrook Capital Advisors Inc. OPTIONS 7,500,000 Commodity Capital
Slide 6: Our ESG Commitment
OUR ESG COMMITMENT “At Apollo, environmental, social and governance (ESG) considerations provide us with an opportunity to drive performance throughout the organization and will be embedded in our core operations.” – CEO Tom Peregoodoff Equality, Diversity, Inclusion PEOPLE, HEALTH & Health and Safe
Slide 7: The Apollo Team – Management
THE APOLLO TEAM – Management Extensive Capital Markets and Technical Experience TOM PEREGOODOFF CATHY FITZGERALD, M.Sc., P.Geo. President & CEO VP, Exploration & Resource Development 30+ years industry leadership experience through all stages of exploration. 20 years experience in technical leadersh
Slide 8: The Apollo Team – Board of Directors
THE APOLLO TEAM – Board of Directors Committed to Independence and Sound Governance ANDREW BOWERING TOM PEREGOODOFF Chairman, Independent Director CEO & Director Venture capitalist with 30+ years operational experience. Executive Positions 30+ years industry leadership experience through all stages
Slide 9: Silver Assets
SILVER ASSETS Large resource base with significant exploration upside CALICO 166 M 6 km SILVER OZ OF SILVER MINERALIZED PROJECT INFERRED AT STRIKE CALICO(1,2) LENGTH ARIZONA 615 g/t 13 km SILVER AVERAGE GRADE OF COLLECTIVE DISTRICT SILVER PRODUCED STRIKE FROM RED CLOUD LENGTH MINE(3) 1) See Cautiona
Slide 10: The Right Location
THE RIGHT LOCATION “The County recognizes that the extraction of minerals is essential to the 1 continued economic well-being of California and to the needs of society…” 1) Source: https://cms.sbcounty.gov/lus/Mining/MiningHome.aspx San Bernardino County supports responsible resource development www
Slide 11: Calico Silver
CALICO SILVER AMERICA’S NEWEST TIER 1 SILVER PROJECT LEVERAGE TO SILVER CONTINUITY GROWTH • 166 million ounces of silver (“Ag”) in 58.1 • Extensive resource with continuous silver • Current base of resource is less than ~125 million tonnes at 89 grams per tonne Ag at mineralization in both Waterloo
Slide 12: Calico Silver Project
CALICO SILVER PROJECT The first time the Waterloo and Langtry properties combined under common ownership MINERAL LOCATION ACCESS TITLE INFRASTRUCTURE RIGHTS ✓ Majority of ✓ 15 km from ✓ No monuments, resource Barstow. or national occurs within Access via parks encroach. private lands or paved roads.
Slide 13: Calico Silver Project: District scale silver and barite endowment
CALICO SILVER PROJECT District scale silver and barite endowment • Calico has silver mineralization identified across a 6 km strike length • Silver mineralization associated with Barite, a U.S. Critical Mineral • Gold potential not yet fully understood • Under-explored area using modern & innovative
Slide 14: Calico Silver Resource Overview
CALICO SILVER RESOURCE OVERVIEW CALICO RESOURCE ESTIMATE(1,2,3) Category Ag Grade Tonnes Ag Cut-off Ounces Inferred 89 g/t 58 Mt 50 g/t 166 M WATERLOO RESOURCE ESTIMATE(1,2,3) Langtry Category Grade Tonnes Ag Cut-off Ounces Waterloo Inferred 93 g/t 38.9 Mt 50 g/t 116 M LANGTRY RESOURCE ESTIMATE(1,2,
Slide 15: Waterloo - Mineral Resource Estimate
WATERLOO - Mineral Resource Estimate WATERLOO RESOURCE ESTIMATE(1,2,3) Category Ag Grade Tonnage Ag Cut-off Ag Ounces Inferred 93 g/t 38.9M 50 g/t 116 M • Mineralization is near surface and continuous over 1.8 km strike. • High grade mineralization distributed along entirety of deposit. • Bulk minin
Slide 16: Waterloo – Section A-A'
WATERLOO – Section A-A’ WATERLOO – Cross Section Drilling Highlights • DH-50 - 64 m of 76.8 g/t Ag from 0 m • Extensive drilling and geological data • • DH-47 - 106.7 m of 105.6 g/t Ag from 0 m DH-175 - 100.6 m of 104.1 g/t Ag from 4.5 m provide excellent foundation for MRE • W-0052 - 102.1 m of 101
Slide 17: Langtry - Mineral Resource Estimate
LANGTRY - Mineral Resource Estimate LANGTRY RESOURCE ESTIMATE(1,2,3) Category Ag Grade Tonnage Ag Cut-off Ag Ounces Inferred 81 g/t 19.3M 50 g/t 50 M • Silver mineralization shows excellent continuity in bedding controlled horizons over a 1.25 km (0.77 miles) strike length. • MRE considered drilling
Slide 18: New Opportunities
NEW OPPORTUNITIES • Extent of gold and barite mineralization is poorly constrained. • Gold mineralized horizon of 25 m (true thickness) returning 0.59 g/t Au from 132.60 m below surface, including 1.52 m of 5.52 g/t Au in drill hole W-0054. This horizon is 60 m wide and 110 m length (down- dip) and
Slide 19: Leverage to Silver Price
LEVERAGE TO SILVER PRICE Sensitivity to Cut Off Grade • The Calico Silver Project is a 225 160 robust project with exceptional Base Case optionality. 200 140 • Changes to either the silver price 175 120 or processing cost can unlock 68 150 additional ounces of silver. 50 100 Ag Grade (g/t) 125 Ag Mo
Slide 20: Arizona Silver District
ARIZONA SILVER DISTRICT 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 broad land package. PRIME JURISDICTION • Locat
Slide 21: 2022 Focus
2022 FOCUS • Drilling at Calico in March 2022 DE-RISKING • Resource expansion, silver, barite and gold PROJECT • Infill drilling, conversion to M&I A DVA N CE • Completion of Phase 1 metallurgical testing ASSET • Updated resource estimate, PEA – Q4 • Implement ESG reporting system and maiden ESG ESG
Slide 22: Timeline
Apollo is primed to realize shareholder TIMELINE value through the advancement of US-based silver projects. Q1 Q2 Q3 Q4 Q1 Q2 2022 2022 2022 2022 2023 2023 GROW Drilling CALICO DE-RISK Metallurgical Test Program CALICO Resource Update ADVANCE CALICO PEA DISCOVERY IN AZ Silver target generation ARIZO
Slide 23: A Compelling Opportunity
A COMPELLING OPPORTUNITY Clear path to significant Contained Silver (Moz) (1,2,3) re-rating 350 299 • Calico ranks as the 3rd largest 300 undeveloped US silver project 250 amongst active peer US silver 200 183.3 166 150 projects. 106.5 100 • Provides an excellent 78.8 50 33.5 opportunity for shareho
Slide 24: Leverage to Silver
✓ U.S.- ✓ PURE PLAY ✓ TIER 1 ✓ STRONG BALANCE FOCUSED SILVER PORTFOLIO SHEET APOLLO SILVER CORP. LEVERAGE TO STABLE EXPERIENCED TSX.V:APGO SILVER JURISDICTION TEAM OTCQB:APGOF F R A N K F U RT: 6 Z F 0 166 MILLION SAN $2 BILLION OUNCES1 BERNARDINO Third largest “The County Track record of undevelope
Slide 25: Reach Out to Apollo Silver
With our strong portfolio of projects, experienced and passionate team, and numbers that promise opportunity – we’ve commenced our journey. We invite you to join us. Subscribe for news at www.apollosilver.com APOLLO SILVER CORP. TSX.V:APGO OTCQB:APGOF F R A N K F U RT: 6 Z F 0 REACH OUT TO BANKING F
Slide 26: Appendix
APPENDIX APOLLO SILVER CORP. TSX.V:APGO OTCQB:APGOF F R A N K F U RT: 6 Z F 0 REACH OUT TO APOLLO SILVER 710-1030 WEST GEORGIA STREET, VANCOUVER BC, V6E 2Y3 www.apollosilver.com (604) 428-6128 info@apollosilver.com company/apollo-silver-corp
Slide 27: Why Silver
WHY SILVER Silver is a key component of green technologies such as solar energy and the electric auto industry. With demand expected to increase, it offers excellent investment Recycling 20% opportunities. Annual silver Mining consumption is 80% Silver is one of the world’s most reflective and ducti
Slide 28: Inflation – experts speak
INFLATION – experts speak Silver is seen as a safe-haven investment in uncertain times; a hedge against inflation “This is permanent, sustained inflation that must be dealt with through monetary policy…….” - Dave McKay, CEO of RBC, Jan 2022 “Given greater industrial demand, silver tends to rise more
Slide 29: Resource Statement
RESOURCE STATEMENT Imperial Units Metric Units Strip Ag Volume Tons Silver Volume Silver Class Deposit Tonnes Ratio Million Million Million Grade Million Grade Million (t) (t:t) (toz) (yd ) 3 (st) (oz/st) (m3) (g/t) Waterloo 20.8 42.8 2.98 15.9 38.9 93 2.2 116 Inferred Langtry 10.3 21.3 2.59 7.9 19.
Slide 30: Resource Inputs
RESOURCE INPUTS A solid foundation of historical data • Drilling information included exploration drilling records for a total of 438 drill holes; 255 holes, 18,626 m (61,108) at Waterloo and 183 holes, 23,465 m (76,986 ft) at Langtry. Nominal drill hole spacing is 40 x 45 m (140 x 150 ft) at Waterl
Apollo Silver — Investor Presentation (February 2022) on 6ix