Silver Mountain Resources, Inc. Class A · TSX:AGMR

Silver Mountain Resources, Inc. Class A — Investor Presentation (October 2023)

29 slides from Silver Mountain Resources, Inc. Class A's investor presentation, October 2023

  1. Slide 1: Corporate Presentation

    SILVER MOUNTAIN RESOURCES Corporate Presentation OCTOBER 2023 www.agmr.ca TSXV: AGMR | OTCQB: AGMRF | BVL: AGMR

  2. Slide 2: Disclaimer

    Disclaimer IMPORTANT – YOU MUST READ THE FOLLOWING BEFORE CONTINUING: The information contained in this document has been prepared by Silver Mountain Resources Inc. (the “Company” or “AGMR”) and contains confidential information pertaining to the business, operations and assets of the Company. The i

  3. Slide 3: Who is AgMR? | Highlights

    Who is AgMR? | Highlights • 100% owned assets (60k ha) in the historic mining district of Castrovirreyna in Peru • Well financed silver developer • Key infrastructure in place, including 2,000tpd concentrator & tailings dam • Potential low cost producer • Multimillion ounce silver Measured, Indicate

  4. Slide 4: Market Stats & Capital Structure

    Market Stats & Capital Structure Market Cap. C$M $19.571 6.7% 5.3% 3.2% Cash C$M $7.65 Debt C$M $- 2 Enterprise Value C$M $11.92 Shares Outstanding Million 217.5 2.7% 2.9% 28.7% Stock Options Million 8.03 Insiders Warrants Million 58.74 Eric Sprott Fully Diluted Shares Million 284.2 1. September 30,

  5. Slide 5: Management Team

    Management Team Alvaro Espinoza Alejandra Soto Richard Contreras Gustavo Anaya Felicia Castro Cristian Cadenillas Chief Executive Officer Chief Financial Officer Chief Operating Officer Director of Operations Superintendent of Social Legal Manager Management • Senior executive with 22 years of • Str

  6. Slide 6: Board of Directors

    Board of Directors Jose Vizquerra Julio Arce Alfredo Plenge Tim Loftsgard Juan Carlos Ortiz Chairman Director Independent Director Independent Director Lead Independent Director • President & CEO at O3 Mining • Broad experience in the • +25 years experience in the • +20 years of experience in • + 25

  7. Slide 7: AgMR's Assets

    AgMR’s Assets Large land package in 3 blocks • Over 60,000 hectares 100% owned by AgMR: Reliquias, Dorita & EL Milagro blocks Reliquias Block • Two neighbouring underground mines: Reliquias & Caudalosa • 2000 TM/day Caudalosa processing plant and campsite • Several brownfield opportunities such as Y

  8. Slide 8: Reliquias Block – Two stage development - Stage 1

    Reliquias Block – Two stage development - Stage 1 Stage 1: Restart production. Reliquias Mine Reliquias mine resource Caudalosa Plant expansion and process plant recommissioning. Caudalosa Mine Stage 2: Increase Resource Caudalosa Mine base and start production. Brownfield exploration, resource defi

  9. Slide 9: The Reliquias Mine and Caudalosa Plant Facilities

    The Reliquias Mine and Caudalosa Plant Facilities • Paved road access from Lima, major ports and commercial airport (Ayacucho) • More than 15 km of known veins and 15 km of fully rehabilitated underground tunnels • Existing 2,000 tpd throughput processing plant • Tailings dam capacity of approximate

  10. Slide 10: Stage 1 – Reliquias Mine and Caudalosa Plant – Restart Milestones

    Stage 1 – Reliquias Mine and Caudalosa Plant – Restart Milestones 2023 2024 2025 PRODUCTION Mineral Resource Update NI 43-101 – Q1 COMPLETED Q1 Updated Mineral Resource NI 43-101 Q1 RESTART & RAMP-UP NI 43-101 PEA+ Reliquias Mine Q2 Phase 1 Infill Drilling – COMPLETED Q2 Updated Operational Permits

  11. Slide 11: Current Mineral Resources Reliquias Mine – April 2023

    Current Mineral Resources Reliquias Mine –April 2023 Source: Reliquias Mine Technical Report effective date March 18, 2023 Grades Contained Metal Category Mass Silver Gold Zinc Lead Copper AgEq1 Silver Gold Zinc Lead Copper AgEq Kt g/t g/t % % % oz/t Moz Ag Koz Au Mlb Zn Mlb Pb Mlb Cu Moz AgEq Measu

  12. Slide 12: Reliquias Underground Mine Exploration Campaign 2023

    Reliquias Underground Mine Exploration Campaign 2023 • 6,392.20 m – 72 DDH total (50 BQ, 11 Packsack and 11 HQ/NQ) (Updated to July 31th) • 12,420 m underground HQ/NQ Processing program in 69 Drill Holes to test Reliquias Plant mine Sacasipuedes, Perseguida, Matacaballo, Vulcano, Pasteur, Esperanza,

  13. Slide 13: Reliquias Underground Mine Exploration Campaign 2023

    Nueva Reliquias Underground Mine Exploration Campaign 2023 • 18,532.15 m – 106 DDH total (50 BQ, 11 Packsack and 45 HQ/NQ) • 12,139.95 m underground Drilling HQ/NQ 2023 in 45 Drill Holes to test Sacasipuedes, Natividad, Perseguida, Vulcano, Pasteur. About HQ/NQ campaign: • Sacasipuedes vein drilled

  14. Slide 14: Drilling and Sampling Campaigns - Highlights

    Drilling and Sampling Campaigns - Highlights Hole ID From To Interval Gold Silver Lead Zinc Copper Ag_Eq Vein Drill hole m m m g/t g/t % % % Oz/t SMR-002-22-SCS 46.1 47.1 1.00 0.09 235.0 4.2 5.1 0.56 16.6 MTC_S SMR-010-22-MTC 238.9 240.9 1.98 0.07 149.0 5.03 9.90 1.30 20.3 MTC_p Channel Sample (MTS

  15. Slide 15: Reliquias Mine Infrastructure – 15kms Rehabilitated

    Reliquias Mine Infrastructure – 15kms Rehabilitated Corporate Presentation www.agmr.ca | TSXV.AGMR | OTCQB.AGMRF | BVL.AGMR 15

  16. Slide 16: Mine Development and Rehabilitation

    Mine Development and Rehabilitation Fast-tracking the Reliquias Underground mine to production Construction of UG Drilling Chambers Underground Mine Rehabilitation • 12 drilling chambers • Rock scaling & support • Underground ventilation • Water pumping systems Corporate Presentation www.agmr.ca | T

  17. Slide 17: Mine Plan & Ventilation – In Progress

    Mine Plan & Ventilation – In Progress Corporate Presentation www.agmr.ca | TSXV.AGMR | OTCQB.AGMRF | BVL.AGMR 17

  18. Slide 18: Caudalosa Plant and Campsite

    Caudalosa Plant and Campsite Corporate Presentation www.agmr.ca | TSXV.AGMR | OTCQB.AGMRF | BVL.AGMR 18

  19. Slide 19: Social Management

    Social Management We are focused on obtaining land access agreements with the Salcca Santa Ana and Castrovirreyna Communities, while we prepare their Development Plans to promote sustainable economic development. We aim to achieve alliances with local authorities to promote sustainable projects focu

  20. Slide 20: Reliquias Block – Two stage development – Stage 2

    Reliquias Block – Two stage development – Stage 2 Stage 1: Restart production. Reliquias Mine Reliquias mine resource Caudalosa Plant expansion and process plant recommissioning. Historic production: 60MM oz eq. Caudalosa Mine Stage 2: Increase R&R and production. Brownfield exploration, Caudalosa M

  21. Slide 21: Stage 2 – Caudalosa Mine and Yahuarcocha – Proposed Timeline

    Stage 2 – Caudalosa Mine and Yahuarcocha – Proposed Timeline 2024 2025-26 2027 • Basic mine infrastructure • Metallurgical Testing PRODUCTION • Permitting requested for surface drilling RAMP-UP • Initial Mineral Resource Estimate for on the Caudalosa mine (already obtained Caudalosa first permit) •

  22. Slide 22: Phase 2: Brownfield - Caudalosa Mine

    Phase 2: Brownfield - Caudalosa Mine Historical Estimated Mineral Resources Source: Sociedad Minera Reliquias Grades Contained Metal Category Mass Silver Zinc Lead Copper AgEq Silver Zinc Lead Copper AgEq Kt Ag(oz/t) % % % oz/t Moz Ag Mlb Zn Mlb Pb Mlb Cu Moz AgEq Inferred 2,286 14.43 2.80 2.79 2.12

  23. Slide 23: Brownfields exploration – Yahuarcocha Cu-Mo target

    Brownfields exploration – Yahuarcocha Cu-Mo target • Au-Ag and Cu-Mo target 10km northwest of Caudalosa plant • Multiple old workings • High sulfidation epithermal system outcropping over several kilometers with significant Cu-Mo anomalies • Several intermediate sulfidation Au- Ag mineralized veins

  24. Slide 24: Blue Sky

    Blue Sky Corporate Presentation www.agmr.ca | TSXV.AGMR | OTCQB.AGMRF | BVL.AGMR 24

  25. Slide 25: Blue Sky - Dorita Block Gold Exploration Potential

    Blue Sky - Dorita Block Gold Exploration Potential • 2.5 km x 1.5 km advanced argillic alteration zone with a prominent magnetic low • Alteration typical of high sulphidation epithermal deposits , with extensive zones of alunite, pyrophyllite and dickite alteration with localized vuggy silica zones

  26. Slide 26: Blue Sky - Dorita Block Gold Exploration Potential

    Blue Sky - Dorita Block Gold Exploration Potential 466500 467500 468500 CN-19 CN-27 Dorita Block North Dorita Surface channel sampling of Dorita Amanda CN-29 and Dorita North vein structures target CN-37 CN-35 8562500 CN-22 Huancarpusca target Map shows rock geochemistry – gold Pucasora target value

  27. Slide 27: Blue Sky: Poetas Carmela

    Blue Sky: Poetas Carmela • Large colour anomaly immediately north of Caudalosa Mine • Advanced argillic alteration over 5 km strike length • Vuggy silica ribs with silver mineralization • Large ground magnetics and IP anomalies • Never been drilled in the past Corporate Presentation www.agmr.ca | TS

  28. Slide 28: Blue Sky – El Milagro Ag – Pb - Zn Exploration Potential

    Blue Sky – El Milagro Ag – Pb - Zn Exploration Potential 1 • 2,500m of underground workings • Approximately 10,000 mts of historical drilling • Historical resource (2009) based on 3 discrete zones: Genoveva 1, Genoveva 2, and El Milagro, all within AgMR concessions • AgMR has staked a total of 5,000

  29. Slide 29: THANK YOU

    THANK YOU Contact: info@agmr.ca https://www.agmr.ca TSXV: AGMR | OTCQB: AGMRF | BVL: AGMR www.agmr.ca Corporate Presentation www.agmr.ca | TSXV.AGMR | OTCQB.AGMRF | BVL.AGMR 29

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