Silver Mountain Resources, Inc. Class A · TSX:AGMR
Silver Mountain Resources, Inc. Class A — Investor Presentation (September 2025)
24 slides from Silver Mountain Resources, Inc. Class A's investor presentation, Sep 14, 2025
Slide 1: Silver Mountain Resources Corporate Presentation 2025
SILVER MOUNTAIN RESOURCES C O R P O R AT E P R E S E N TAT I O N / 2 0 2 5 TSXV: AGMR | OTCQB: AGMRF | BVL: AGMR TSXV: AGMR | OTCQB: AGMRF | BVL: AGMR CORPORATE PRESENTATION | 1
Slide 2: Disclaimer
DISCLAIMER IMPORTANT – YOU MUST READ THE FOLLOWING BEFORE CONTINUING Company’s website at www.agmr.ca. obligation to update or revise them to reflect new events or circumstances. Historical statements The information contained in this document has been prepared by Silver Mountain Resources Inc. (the
Slide 3: Location
LOCATION Yanacocha The Castrovirreyna Project is strategically Antamina Atacocha located in the Huancavelica Region of Central Peru. It consists of three mineral concession blocks hosting silver-rich, polymetallic veins and gold-rich breccias. AgMR plans to re-start Toromocho production at the Reliq
Slide 4: Reliquias Project
RELIQUIAS PROJECT Priority Targets Lithocap Reliquias Mine : A polymetallic project with high-grade Cu Porphyry silver. Positioned strategically in a resource-rich area. Stage: Advanced Caudalosa Mine : Previously operated mine with historic resources. Stage: Advanced Colquicuntur Target: A large hy
Slide 5: Investment Overview
INVESTMENT OVERVIEW High-Grade & Low-Tonnage (1) Key Asset Advantage Near Term Production SIZE GRADE 12.8 Moz AgEq 304 g/t AgEq M&I 16 Moz AgEq 284 g/t AgEq Inferred Significant Historic Resources (2) Growth Potential PEA Highlights (1) : : : (1) Please see the Technical Report for additional inform
Slide 6: Large Resources with Room to Grow Further
LARGE RESOURCES W I T H R O O M TO G R O W F U R T H E R The Reliquias Project offers potential for significant resource expansion through future drilling, possibility of extending known vein systems along strike and at depth. Numerous outcropping veins within the large 60,000-hectare land package r
Slide 7: Organic Growth
ORGANIC GROWTH A S TA G E D A P P R O A C H TO WA R D G R O W T H Aims for growth and profitability while emphasizing advanced exploration and sustainable mining practices. Near Term Production Advanced Exploration Production Upside Exploration Projects Reliquias Mine Caudalosa Mine Colquicuntur Tar
Slide 8: Targeting Production
TARGETING PRODUCTION 2025 Q3 2026 Initiating of Mining Operations Commercial Production Targeting to begin operations second half of 2025, which we Commercial production (concentrate anticipate will be a significant milestone in our operational timeline. production) expected in the third quarter of
Slide 9: Reliquias Mine: Achievements to Date & Path Forward
RELIQUIAS MINE AgMR ACHIEVEMENTS TO DATE & PATH FORWARD 2024-2025 i Positive Z A. Aw Updated ed PEA + Mine 20-Year Project De-Risking & Approvals >>> Resource for Mining Plan & Detailed Communities Financing Estimate Operations Metallurgical Agreement Secured Completed Until 2034 Studies A025 eed St
Slide 10: Reliquias Mine PEA Highlights - Economics
RELIQUIAS MINE PEA HIGHLIGHTS - ECONOMICS US$25M ±2.5Moz AgEq US$63M Initial Capex Avg. Annual Production Net Present Value US$17 US$14M >2.5 x AISC(1) US$/Oz AgEq Average Annual Free NPV to Capex Ratio Cash Flow (1) Please see “Non-IFRS Measures”
Slide 11: Exceptional Economics Drive Cash Flow & Fast Payback
EXCEPTIONAL ECONOMICS D R I V E C A S H F LO W & FA S T PAY B A C K NPV, IRR & Payback at Different Prices Production & Free Cash Flow / Year TSXV: AGMR | OTCQB: AGMRF | BVL: AGMR Please see the Technical Report for additional information. CORPORATE PRESENTATION | 11
Slide 12: Reliquias Mine Resources
RELIQUIAS MINE RESOURCES Value Distribution Holding more than 12.2 Moz of silver plus significant Copper amounts of base metals at the Reliquias Mine.1 5.8% Gold Category M&I Inferred Value 7.2% Tonnes 1,311 1,758 kt Silver 132.1 124.1 g/t Gold 0.41 0.42 g/t Lead 17.9% Lead 2.02 1.80 % Silver Zinc 3
Slide 13: Reliquias Project Upside Potential
RELIQUIAS PROJECT Lithocap Cu Porphyry U P S I D E P OT E N T I A L Reliquias Underground • Potential mineral resources distributed over 10 veins. • Excellent mineral upside and life of mine potential. Caudalosa - Poetas Corridor • About 3.5 strike-length mineralized corridor with at least six veins
Slide 14: Caudalosa Mine Historic Resource
CAUDALOSA MINE H I S TO R I C R E S O U R C E Value Distribution More than 22.3 Moz of high grade silver plus significant amounts of base metals remain in historical resources at the Caudalosa Mine. Lead Category Inferred Value 10.6% Tonnes 1,549 kt Zinc Silver 449 g/t 9.9% Lead 2.79 % Zinc 2.80 % S
Slide 15: General Infrastructure
RELIQUIAS PROJECT GENERAL INFRASTRUCTURE Underground Mine well-equipped and fully-permitted mining venture, strategically supported for success. Comprehensive infrastructure includes: ✓ A reliable power supply line. ✓ Efficient water supply system. Offices and Camp ✓ Fuel storage. ✓ Essential suppor
Slide 16: Mine Infrastructure
RELIQUIAS PROJECT MINE INFRASTRUCTURE Underground Mine well-equipped and fully-permitted mining venture, strategically supported for success. Reliquias Underground Mine features advanced systems including: Mine Opening Compressor ✓ Ventilation. ✓ Water pumping. ✓ Secure explosives storage. ✓ Modern
Slide 17: Infrastructure: Concentrator & Tailings
RELIQUIAS PROJECT I N F R A S T R U C T U R E C O N C E N T R ATO R & TA I L I N G S Underground Mine well-equipped and fully-permitted mining venture, strategically supported for success. Concentrator Plant Infrastructure Production is set to begin after refurbishing and commissioning the existing
Slide 18: Mine Plan & Treatment
MINE PL AN & TRE ATMENT PL AN VIE W BY ZONES ZONE 6 PER ZONE 5 MTS - W ZONE 7 ZONE 1 AYA - W MTS - E ZONE 8 ZONE 2 VUL SOR ZONE 3 PAS SCS - W1 BEA AYA - E ZONE 4 SCS - W2 MTC- W1 MTC - E PZR ZONE 9 MTC - W2 ZONE 12 SCS - C ZONE 13 ZONE 11 SCS - E1 SCS - E2 SCS - E3 ZONE 10 NAT TSXV: AGMR | OTCQB: AG
Slide 19: Colquicuntur
COLQUICUNTUR Potential for copper porphyry targets at depth. TA R G E T H I G H L I G H T S Greenfields Opportunities Beyond The Reliquias Mine Several breccia events identified to date. Reliquias Block consists of over 20,000 hectares of highly prospective mineral concessions surrounding High grade
Slide 20: Valuation Per Ounce Produced
VALUATION PER OUNCE PRODUCED Significant Re-Rate Potential as We Move Towards Production ENTERPRISE VALUE (CAD) / ANNUAL AGEQ PRODUCTION (ESTIMATED 2025) 20
Slide 21: Valuation Per Ounce
VALUATION PER OUNCE Significant Re-Rate Potential as We Move Towards Production ENTERPRISE VALUE (CAD) / M&I SILVER-EQUIVALENT OUNCES 21
Slide 22: Market Stats & Capital Structure
MARKET STATS 2.0% & C A P I TA L S T R U C T U R E 2.9% 2.9% Shares Outstanding 44.3M 3.1% Stocks Options 1.2M 3.2% 3.6% Warrants 18.4M 4.4% Eric Sprott Market Capitalization C$ 114 M Other Cash Position C$ 24 M 56.7% 21.2% Insiders Stock Options: 0.1M at C$7.5, 0.2M at C$5.7, 0.4M at C$1.5 and 0.4M
Slide 23: Board of Directors & Management Team
BOARD OF DIRECTORS & MANAGEMENT TEAM Executive Management Directors Alvaro Espinoza, Chief Executive Officer Jose Vizquerra, Chairman Alfredo Plenge, Independent Director Senior executive with 22 years of corporate experience and +16 years Former President & CEO at O3 Mining. Former Exc. VP of +25 y
Slide 24: Silver Mountain Resources
S I LV E R M O U N TA I N R E S O U R C E S W W W. A G M R . C A
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