Silverco Mining Ltd. · TSXV:SICO
Silverco Mining — Investor Presentation (November 2025)
21 slides from Silverco Mining's investor presentation, November 2025
Slide 1: Mexico's Next Quality Silver Producer
TSX.V: SICO MEXICO’S NEXT QUALITY SILVER PRODUCER Advancing the Cusi Mining Complex COMPANY PRESENTATION – NOVEMBER 2025 SILVERCOMINING.COM
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and events or dev
Slide 3: Why Silverco?
WHY SILVERCO? THE COMPANY THE VISION CUSI MINING COMPLEX CONTAINS A PERMITTED PAST-PRODUCING MINE, CREATE A 10+MOZ SILVER PRODUCER IN THE NEXT 3 YEARS A 1,200 TPD MILL, AND AN 11,665-HA LAND PACKAGE Fully Permitted: Cusi Mining Complex is an underground permitted silver, Build a higher-grade resourc
Slide 4: Management & Board
MANAGEMENT & BOARD Mark Ayranto, President, CEO and Director Carlos Beltran, Exploration Manager Mark is an accomplished mining executive with a history of success in Carlos has extensive experience in epithermal vein deposits in Mexico. He building and leading high-performing mining organizations.
Slide 5: Corporate Structure
CORPORATE STRUCTURE CAPITAL STRUCTURE OWNERSHIP Shares Outstanding 32.6M 5% Fully Diluted S/O 39.4M 18% Founders 38% Market Cap* $121M HNW/INST Cash** $12.7M Eric Sprott EV $108M Retail 39% *As of October 30, 2025 ** As of June 30, 2025 TSXV: SICO TSX.V: SICO 5
Slide 6: Location
LOCATION MINING JURISDICTION • Located along the Sierra Madre Occidental belt hosting many major deposits: Gatos, Cordero, Parral • Located 120km West from the city of Chihuahua and 20km south of Cuauhtemoc city • Access to an experience labour pool with over 1M population • Great Infrastructure: •
Slide 7: Project Overview
PROJECT OVERVIEW OVEVIEW THE MINE • 11,665 Ha land package includes two highly prospective claims • 1,200 tpd underground operation within the broader Cusi Mining Complex • 66Moz AgEq global historic resource • Potential to significantly increase economics at Cusi through • Replacement value of >$15
Slide 8: Claims & Veins
CLAIMS & VEINS Promontorio Mine Eduwiges Mine CUSI CLAIMS CUSI GEOLOGY AND VEIN MAP TSX.V: SICO 8
Slide 9: District Scale Potential Recognized
DISTRICT SCALE POTENTIAL RECOGNIZED Previous Approach: • Focus on production and resource drilling • Little systematic property wide exploration • Use resource drilling as exploration tool Two Significant Discoveries: • Discovery of the Santa Rosa de Lima zone at Promontorio (2017) • Recognition tha
Slide 10: Downthrown Extensions
DOWNTHROWN EXTENSIONS Promontorio Mine Eduwiges Mine Andesite Andesite Initial Downthrown extension mined 21.1m @ 156 g/t Ag w/ 5.15m @ 353 g/t Ag DC21M837 4.2m @ 842 g/t Ag & 1.56 g/t Au 3.15m @ 498 g/t Ag & 0.23 g/t Au DC17B718 CU-24-10 OPEN 0.3m @ 3,326 g/t Ag & 0.30 g/t Au 1.55m @ 1,065 g/t Ag &
Slide 11: San Miguel
SAN MIGUEL HIGH-GRADE RESULTS Historical drilling from 2006 - 2007 • Drilling on consolidated inset claims successfully demonstrated the San Miguel shoot is open with good widths and high grades to the deepest drilled holes 2.55m @ 365 g/t AgEq • High gold values suggest still room for greater 5.35m
Slide 12: 2024 Drilling
2024 DRILLING 2024 DRILL HIGHLIGHTS San Miguel Vein • 364 g/t AgEq over 7.5 metres • 425 g/t AgEq over 3.3 metres • 365 g/t AgEq over 2.6 metres • 301 g/t AgEq over 5.9 metres • 322 g/t AgEq over 3.7 metres Eduwiges Extension Vein • 519 g/t AgEq over 3.2 metres 2024 Drill Program Collar Locations Dr
Slide 13: Silverco Mining Comps: A Significant Value Gap
3,500 SILVERCO MINING COMPS $9,610M 650 A SIGNIFICANT VALUE GAP 3,000 EV/AgEq Oz pa(C$) Mkt Cap (C$M) $566 550 $509 $2,663M $2,627M 2,500 $459 $2,413M 450 $2,173M $390 2,000 350 $1,709M $318 Avg. EV/AgEq Oz pa $261 $1,496M $291 $241 1,500 250 $1,244M 6x Production $204 Rerate 1,000 150 $138 $89 $80
Slide 14: Our Roadmap
OUR ROADMAP ✓ RAISED C$25M TO DATE MINE RESTART STUDY (Q1/26) Pre-money valuation of C$51M • Resource update incorporating new and ¼ the value of restart peers historical data (Q1/26) 1/25th the value of producing peer Avino • 3 to 5-year mine plan with economic study Silver and Gold supportin
Slide 15: Path to 2.5M Oz
PATH TO 2.5M OZ RESOURCE EXPANSION & RESTART STUDY INCREASING PRODUCTION FROM 1.4M to 2.5M+ Ongoing Resource Drilling: 15,000 metre drill program well underway, Fill the Mill: Increase plant capacity from 65% to 90%+, and modernize results to be released in Q4 2025 and Q1 2026 processing equipment U
Slide 16: Resource Growth
RESOURCE GROWTH HISTORIC RESOURCE The property hosts a historic global resource of 66M oz AgEq @ 200 g/t AgEq • Measure and Indicated of 37M oz @ 215 g/t AgEq • Inferred 28.8M oz @ 183 g/t AgEq 2026 GOAL -> 100M oz AgEq Phase 3 drilling program to commence in 2026 and focus on: • Continued expansion
Slide 17: Contact Us
CONTACT US MARK AYRANTO, CEO HEAD OFFICE GENERAL SOCIAL info@silvercomining.com 750-1095 W Pender St silvercomining.com Vancouver, BC, V6E 2M6 info@silvercomining.com Canada TSX.V: SICO TSX.V: SICO 17
Slide 18: Appendix
APPENDIX
Slide 19: Historic Resources
HISTORIC RESOURCES NON-COMPLIANT HISTORIC RESOURCE Tonnes Pb AgEq AgEq Category Ag (g/t) Zn (%) Au (g/t) (x1000) (%) (g/t) (M oz) Resources Measured 850 213.0 0.3 0.3 0.1 231.0 6.3 Indicated 4,506 176.0 0.5 0.6 0.1 212.0 30.7 Measured & 5,356 181.9 0.5 0.6 0.1 215.0 37.0 Indicated Inferred 4,893 146
Slide 20: Silver Supply Deficit
SILVER SUPPLY DEFICIT Silver has been in a structural supply deficit for the last 5 years and is expected to continue. • Deficit for 2025 is expected to be 188 million ounces, equivalent to the total production of the top 6 silver producers in the world. • Silver supply over the last decade has been
Slide 21: Silver Price Impact on Historic 2020 PEA
SILVER PRICE IMPACT ON HISTORIC 2020 PEA • 2020 PEA returns a NPV8 of US$52.5M using a $20 per ounce silver price • The sensitivity table maxes out at a 30% improvement (US$26 per silver ounce). Results in an increase to an NPV8 of US$115.1M 2020 PEA Base 2020 PEA Upside “This is a 120% increase and
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