Slide 1: Advancing Calico: A U.S. Pure Play Silver Project
Advancing Calico A U.S. Pure Play Silver Project Technical Webinar September 8, 2022 TSX-V: APGO | OTCQB: APGOF | FSE: 6ZFO 1
Slide 2: Cautionary Note: Forward Looking Statements
Cautionary Note: 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 fact, are forward-looking sta
Slide 3: Cautionary Note: Information Concerning Resource Estimates
Cautionary Note: Information Concerning Resource Estimates Mineral Resource Estimates Qualified Person The Mineral Resource Estimate (“MRE”) has been prepared by Derek The independent Qualified Person responsible for the Calico Silver Project Loveday, P. Geo., of Stantec Consulting Ltd. (“Stantec”)
Slide 4: The Team – With Us Today
The Team – With Us Today TOM PEREGOODOFF CATHY FITZGERALD President, CEO VP, Exploration & Resource Development 30+ years industry leadership experience 20 years experience in technical leadership through all stages of exploration. Previously VP roles in exploration and development of early- Early-S
Slide 5: California Partners and Stakeholders
California Partners and Stakeholders With thanks for ongoing positive relationships Communities of Yermo Lilburn Corp. and Daggett JMBM LLP City of Barstow Cooper Drilling LLC San Bernardino County ASM Affiliates San Manuel Band McClelland Labs Morongo Band TSX-V: AGPO, OTCQB: APGOF | 5
Slide 6: Webinar Outline
Webinar Outline Provide shareholders and stakeholders with an update on progress to date at Calico and put our results in context of our commitments Corporate structure BACKGROUND Calico Project Review the current Calico silver resource 2022 Technical Program Silver resource growth and adv
Slide 7: Capital Structure
Capital Structure Shares issued and outstanding1 174.5M Institutional Shareholders5 Options (avg. price $0.67/share)1 7.6M Jupiter Investment Management Warrants (avg. price $1.08/share)1 40.2M Sprott Asset Management Market capitalization1 C$31M Delbrook Capital Advisors Avg. daily trading volume2
Slide 8: Delivering on Commitments
Delivering on Commitments Significant progress in 12 months. Creation of US, Completion of $53 Declaration of maiden Commencement of Phase 1 Drilling Pure Silver Exploration million financing 43-101 resource at 2022 work program Completed and Developer Calico1 $35 million 3-D IP and Magnetic 5,021 m
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 CALICO(1,2) STRIKE LENGTH ARIZONA 615 g/t 13 km SILVER DISTRICT AVG. GRADE OF SILVER PRODUCED COLLECTIVE STRIKE PROJECT FROM RED CLOUD LENGTH MINE (3) 1) See Ca
Slide 10: Calico Silver: America's Newest Tier Silver Project
Calico Silver America’s Newest Tier 1 Silver Project LEVERAGE TO SILVER CONTINUITY GROWTH 166 million silver ounces in 58.1 Robust resource with extensive silver Current base of resource is less than million tonnes at 89 g/t silver at mineralization in both Waterloo and ~125 m depth. Opportunity to
Slide 11: Calico Silver Project
Calico Silver Project First time Waterloo and Langtry properties combined under common ownership 2,950 acres 6 km mineralized strike Resource occurs within private lands MINERAL or patented claims TITLE Both private properties have vested mining rights 15 km from Barstow and LOCATION & accessi
Slide 12: Regulatory Timeline
Regulatory Timeline Our experience in California has been exemplary – benefit of location and mineral title Oct Dec Jan Apr May Aug Sept 2021 2021 2022 2022 2022 2022 2022 Waterloo - Temporary Use Permit 8 weeks San Bernardino County Waterloo – Access for Drilling 6 Weeks Bureau of Land Management (
Slide 13: Mineral Resource Estimate
Mineral Resource Estimate One of the largest undeveloped silver resources in the U.S. 58 Mt @ 89g/t Ag CALICO 166 M ounces Ag 2,950 acres 6 km mineralized strike WATERLOO 38.9 Mt @ 93 g/t Ag 116 M ounces Ag Langtry LANGTRY 19.3 Mt @ 81 g/t Ag 50 M ounces Ag 1) See Cautionary Notes on min
Slide 14: 2022 Technical Objectives
2022 Technical Objectives Focused on reducing risk and adding value. DELIVER MRE EXPAND MRE UPGRADE MRE ADVANCE • Report N.I. 43- • Grow the silver • Develop robust • Commence 101 mineral resource along lithological and Phase 1 resource for strike and at depth structural model metallurgical Calico p
Slide 15: 2022 Technical Progress
2022 Technical Progress Inferred silver MRE reported Feb 2022 of DELIVER 166 Moz Ag in 58.1 Mt at 89 g/t Ag1 RESOURCE Robust: based on 438 drill holes (+42,000 m) across two deposits Phase 1 drilling complete: 5,021 m UPGRADE Phase 2 (~4,300 m) to commence Sept 2022 RESOURCE Further histor
Slide 16: 2022 Drilling Program
2022 Drilling Program Focused on reducing risk and adding value. Historic HistoricDrilling Historic Drilling 255 holes (18,626 m) Drilling Block Model Apollo2022 Apollo 2022Phase Phase11Drilling Drilling 44 holes (5,021 m) Ag (g/t) Apollo 2022 Phase 2 Drilling (~4,300 m) TSX-V: AGPO, OTCQB: APGOF |
Slide 17: 2022 Drilling Results
2022 Drilling Results Delivering against our 2022 objectives. A A’ Phase 1 drilling has illustrated: ESE o Continuity and predictability of near-surface silver mineralization: o Silver intercepts correlate well with predicted block model grades o Of 33 holes with assays reported, 31 intercepted silv
Slide 18: 2022 Drilling Results
2022 Drilling Results Continuity and predictability of near surface silver mineralization o Near-surface silver intercepts correlate well with modeled resource grades, illustrating the predictable nature of the silver mineralization in the shallow Barstow formation. o Silver holes of note that illus
Slide 19: 2022 Drilling Results
2022 Drilling Results Expanding the resource o Deeper silver mineralization encountered in thick, previously untested portions of the Barstow sediments below MRE o The majority of the historic drilling was shallow (< 125 m) and did not fully test the Barstow sedimentary package or define the contact
Slide 20: 2022 Drilling Results
2022 Drilling Results Gold mineralization is more extensive that previously known o Up to 45 m thick of +0.1 g/t Au in the NE NE and E southern half of Waterloo deposit. oriented faults A’ o Expanded from 45 m along strike (as Barstow- Pickhandle 2022Contact Formation MRE Gold mineralized region fro
Slide 21: Historic Data Verification
Historic Data Verification Upgrading confidence via further historic data verification Quality of historic data reduces the amount of new drilling that needs to be completed to upgrade resource: Silver (ppm) o Excellent correlation between original assays by Pan Original Assay vs 2022 Pulp Re-Assay
Slide 22: Metallurgical Test Program
Metallurgical Test Program Baseline and innovative test program o Test program currently underway: 1.2 tonnes of diamond drill core (from 3 holes) being tested at McClelland Laboratories under supervision of Stantec QP. o Representative composites prepared o Covering representative grade, spatial di
Slide 23: Phase 2 Program Overview
Phase 2 Program Overview Focused on reducing risk and adding value. Remainder of the on-the-ground technical program will comprise: o ~4,300 m of RC drilling for resource upgrade and expansion work o Water well drilling and testing to gain a modern understanding of water depth and quality on private
Slide 24: Looking Forward
Looking Forward Steady progress, significant catalysts Phase 2 2022 Drill Phase 2 Assay Results Phase Metallurgical Revised Calico Engineering Studies Program Testing Program Resource Estimate 3,300 samples. PEA or Pre-feasibility ~4300 m Reverse Complete results Maximizing the Circulation Drilling
Slide 25: Why Invest?
Why Invest? All the fundamentals Near-Term Catalysts Stable Jurisdiction Leverage to Silver Strong Balance Sheet Drill program at Calico “The County recognizes underway 166 million ounces1 that the extraction of Fully funded 2022 drill minerals is essential to the 58.1 Million tonnes at program with
Slide 26: Thank You
Thank You Tom Peregoodoff 710-1030 West Georgia Street President and CEO, Director Vancouver, BC V6E 2Y3 To subscribe to our email list, visit: Tel: (604) 428-6128 www.apollosilver.com Email: info@apollosilver.com Twitter | LinkedIn TSX-V: APGO | OTCQB: APGOF | FSE: 6ZFO