Silver Bull Resources, Inc. · TSX:SVB
Silver Bull Resources — Investor Presentation (June 2017)
42 slides from Silver Bull Resources's investor presentation, June 2017
Slide 1: Silver & Zinc Optionality
Silver & Zinc Optionality TSX: SVB I OTCQB: SVBL SVBL: AMEX | SVBL: TSX | Web: www.silverbullresources.com
Slide 2: Forward Looking Statements
Forward Looking Statements Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101.
Slide 3: Compelling Value Proposition
Compelling Value Proposition Silver & Zinc Optionality – sizeable global resource ◦ M&I: 4.7Bnlbs Zn, 90.8Moz Ag, 56.3Mlbs Cu, 393Mlbs Pb High Grade M&I Silver & Zinc Zones ◦ Zn: 10Mt @ 11% Zn – 2.4Bnlbs Zn @ 6% cutoff ◦ Ag: 19Mt @ 102.5g/t Ag – 63Moz Ag @ 50g/t cutoff Substantial Exploration Upside
Slide 4: Silver Bull Corporate Snapshot
Silver Bull Corporate Snapshot Capitalization Management & Directors Shares Outstanding 177,894,967 Tim Barry: President, CEO & Director Options/Warrants* 14,979,786 Brian Edgar: Chairman Share Fully Diluted 192,874,753 Daniel Kunz: Director Share Price (C$/share) $0.15 John McClintock: Director 52
Slide 5: Sierra Mojada Summary
Sierra Mojada Summary Sierra Mojada Project Highlights M&I Global: 4.67Blbs Zn, 90.8Moz Ag, 56.3Mlbs Cu, Sizeable resource with 392.8Mlbs Pb silver + zinc commodity M&I High Grade: 10Mt @ 11% Zn - 2.4Bnlbs Zn @ 6% price optionality cutoff; 19Mt @ 102.5g/t Ag - 62.6Moz Ag @ 50g/t cutoff Open pi
Slide 6: Case For Zinc – Demand Exceeds Supply
Case For Zinc – Demand Exceeds Supply Mine production fall due to significant mine ZINC SUPPLY, DEMAND & PRICE – HISTORIC closures e.g., Century and Lisheen RELATIONSHIP & FORECAST LME inventories declining, stocks near critical levels Treatment charges (TCs) reduced significantly – indicating scarc
Slide 7: Case for Zinc – LME Stocks Down
Case for Zinc – LME Stocks Down RELATIONSHIP BETWEEN LME STOCKS & ZINC PRICE Source: Teck Resources Ltd SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 7
Slide 8: Case For Zinc – Production & TCs Down
Case For Zinc – Production & TCs Down ANNUAL ZINC WORLD ZINC PRODUCTION ANNUAL & SPOT TREATMENT CHARGES Source: Teck Resources Ltd SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 8
Slide 9: Sierra Mojada – Good Address
Sierra Mojada – Good Address SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 9
Slide 10: Land Package & Infrastructure
Land Package & Infrastructure Sizeable and strategic property package – 200km2 SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 10
Slide 11: Sierra Mojada Geography
Sierra Mojada Geography SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 11
Slide 12: What is Sierra Mojada?
What is Sierra Mojada? Sierra Mojada was a former producer and can be viewed as two separate deposits – a high grade non- sulphide zinc deposit comprising a hemimorphite dominant Red Zinc Zone and a smithsonite dominant White Zinc Zone spatially separate from a silver + lower grade non-sulphide zinc
Slide 13: Sierra Mojada – Prolific Mining History
Sierra Mojada – Prolific Mining History 1879 1886 Ag-Pb Ag-Pb-Zn-Cu 1895-1990 discovered mined Ag-Zn-Pb mined 1879-1886 1895 Ag-Pb mined High grade Zn discovered beneath Ag-Pb horizon SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 13
Slide 14: Sierra Mojada – Historic Mining
Sierra Mojada – Historic Mining SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 14
Slide 15: Sierra Mojada Deposit Summary
Sierra Mojada Deposit Summary Sierra Mojada occurs in the Eastern Tectonic Zone of Mexico on passive margin type Cretaceous platform carbonate rocks of the Sabinas Basin associated with the regional scale long-lived San Marcos fault system Sierra Mojada is a Carbonate Replacement Deposit (“CRD”) hos
Slide 16: Geology Map of Sierra Mojada
Geology Map of Sierra Mojada SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 16
Slide 17: Sierra Mojada Schematic Cross Section
Sierra Mojada Schematic Cross Section SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 17
Slide 18: Red Zone Zinc Mineralization
Red Zone Zinc Mineralization Red Zinc Zone is a continuous manto ~2.5km strike length, up to 200m wide and up to 16m thick that dips shallowly to the E along the footwall of the Sierra Mojada fault Mineralization follows reactive dolomite host rocks and karst fill breccia horizons and is surrounded
Slide 19: White Zone Mineralization
White Zone Mineralization White Zinc Zone is stratigraphically below the Red Zinc Zone and comprises a series of mantos, chimneys, and filled structures in two zones, separated by a fault, that are ~100-200m long and up to 70m thick Zinc mineralization occurs in reactive limestone and dolomite host
Slide 20: High Grade Silver & Zinc Zones
High Grade Silver & Zinc Zones High grade silver and zinc zones in global resource provide price and development optionality SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 20
Slide 21: Silver & Zinc Mineralization Distribution
Silver & Zinc Mineralization Distribution Grade shells showing distribution of silver and zinc mineralization SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 21
Slide 22: Extensive Historic Mining
Extensive Historic Mining Existing underground development and shafts provide access to the zinc zone high grade SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 22
Slide 23: Sierra Mojada Metallurgical Options
Sierra Mojada Metallurgical Options Silver Bull has completed extensive metallurgical testwork demonstrating viable processing options for the low grade zinc + silver zones and the high grade zinc zones. • 3:1 C:Zn; 12.5% Zn, 86.9% • Crush, grind, VAT leach Leach 1200oC fumed (100g) • Merrill Crow -
Slide 24: Near Resource Sulphide Targets
Near Resource Sulphide Targets SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 24
Slide 25: Sierra Mojada Deposit Zoning
Sierra Mojada Deposit Zoning SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 25
Slide 26: Regionally Extensive Mineralized System
Regionally Extensive Mineralized System Numerous historical mines demonstrate size of system – 25km strike length 5km SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 26
Slide 27: Palamos Negros Surface Mineralization
Palamos Negros Surface Mineralization 9km from Sierra Mojada, high grade chip samples SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 27
Slide 28: Palomas Negros Sulphide Target
Palomas Negros Sulphide Target Sulphide target conceptualized from historical records showing drilling from the 1950s by Penoles, average grade was 12% Zn + Pb SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 28
Slide 29: San Francisco Grab Sample Results
San Francisco Grab Sample Results 5km from Sierra Mojada, high grade chip samples SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 29
Slide 30: Dormidos Grab Sample Results
Dormidos Grab Sample Results 3km from Sierra Mojada, high grade chip samples SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 30
Slide 31: Strategy: Realize Embedded Value
Strategy: Realize Embedded Value Management team preserved asset value during commodity bear market from 2012 to 2015 with minimal dilution to shareholders Investors benefit from +US$50M in exploration and development expenditure over the last 18 years, equating to 2 times the current market capital
Slide 32: Appendices
Appendices SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 32
Slide 33: Board & Management Bios
Board & Management Bios Brian Edgar, Chairman: Mr. Edgar is a corporate/securities lawyer with broad resource industry and investment experience. He established Rand Edgar Capital Corp. (succeeded by Rand Edgar Investment Corp. in Dome Ventures Corporation. He served as Dome's President and CEO from
Slide 34: Sierra Mojada Mineral Concession Map
Sierra Mojada Mineral Concession Map SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 34
Slide 35: Sierra Mojada Deposit Resource Area Mineral Concession Map
Sierra Mojada Deposit Resource Area Mineral Concession Map SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 35
Slide 36: Sierra Mojada Deposit Surface Rights
Sierra Mojada Deposit Surface Rights SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 36
Slide 37: Sierra Mojada Deposit Model
Sierra Mojada Deposit Model Hypogene pyrite-galena- Sulfide mineralization is oxidized Deeper White Zinc Zone sphalerite semi to massive and mobilized into faults and mineralization due to higher sulphide mineralization develops expanding karst breccia zones pressure and high CO2, Red Zinc in struct
Slide 38: Cross Section 632250E through the Fronteriza Zone
Cross Section 632250E through the Fronteriza Zone at Sierra Mojada SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 38
Slide 39: Cross Section 631500E through the Centenario Zone
Cross Section 631500E through the Centenario Zone at Sierra Mojada SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 39
Slide 40: Cross Section 630300E through the West Zone
Cross Section 630300E through the West Zone at Sierra Mojada SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 40
Slide 41: Long Section 3016750N through the Fronteriza Zone
Long Section 3016750N through the Fronteriza Zone at Sierra Mojada SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 41
Slide 42: Long Section 3017500N through the West Zone
Long Section 3017500N through the West Zone at Sierra Mojada SILVER BULL RESOURCES INC. CORPORATE PRESENTATION 42
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