Apollo Silver Corp · TSXV:APGO
Apollo Silver — Investor Presentation (February 2022)
25 slides from Apollo Silver's investor presentation, Feb 16, 2022
Slide 1: Advancing Calico
ADVANCING CALICO APOLLO SILVER CORP. AMERICA’S NEWEST TIER 1 TSX.V:APGO OTCQB:APGOF SILVER PROJECT F R A N K F U RT: 6 Z F 0 PURE U.S. SILVER www.apollosilver.com MRE Webcast • FEBRUARY 16, 2022 (604) 428-6128 info@apollosilver.com
Slide 2: Cautionary Note: Forward Looking Statements
CAUTIONARY NOTE: Forward Looking Statements 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 fa
Slide 3: Cautionary Note: Information Concerning Resource Estimates
CAUTIONARY NOTE: Information Concerning Resource Estimates Cautionary Note for Mineral Resource Estimates The Mineral Resource Estimate (“MRE”) has been prepared by Derek Loveday, P. Geo., of Stantec Consulting Services Ltd. (“Stantec”) in conformance with the Canadian Institute of Mining, Metallurg
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: The Apollo Team – Key Members
THE APOLLO TEAM – Key Members Committed to Independence and Sound Extensive Capital Markets and Technical Governance Experience ANDREW BOWERING TOM PEREGOODOFF Chairman, Independent Director CEO & Director Venture capitalist with 30+ years operational experience. Executive Positions 30+ years indust
Slide 6: Capital Structure
TSX.V: APGO OTCQB: APGOF CAPITAL STRUCTURE Frankfurt: 6ZF CURRENT INSTITUTIONAL SHAREHOLDERS4 SHARE PRICE¹ C$0.65 Sprott Asset Management LP SHARES ISSUED² 163,755,395 Jupiter Investment Management INSTITUTIONAL HOLDINGS 45,070,833 Delbrook Capital Advisors Inc. OPTIONS 7,500,000 Commodity Capital A
Slide 7: Our ESG Commitment
OUR ESG COMMITMENT “At Apollo, environmental, social and governance (ESG) considerations provide us with an opportunity to drive performance throughout the organization and will be embedded in our core operations.” – CEO Tom Peregoodoff Equality, Diversity, Inclusion PEOPLE, HEALTH & Health and Safe
Slide 8: Investor Highlights
INVESTOR HIGHLIGHTS US FOCUSED PURE PLAY SILVER TIER 1 PORTFOLIO STRONG BALANCE SHEET LEVERAGE TO STABLE EXPERIENCED SILVER JURISDICTION TEAM 166 MILLION SAN $2 BILLION OUNCES(1) BERNARDINO 58.1 Million Tier 1 jurisdiction Track record of tonnes at 89 g/t shareholder value silver (“Ag”) Private land
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 STRIKE CALICO(1,2) LENGTH ARIZONA 615 g/t 13 km SILVER AVERAGE GRADE OF COLLECTIVE DISTRICT SILVER PRODUCED STRIKE FROM RED CLOUD LENGTH MINE(3) 1) See Cautiona
Slide 10: Calico Silver Project
CALICO SILVER PROJECT The first time the Waterloo and Langtry properties combined under common ownership MINERAL LOCATION ACCESS TITLE INFRASTRUCTURE RIGHTS ✓ Majority of ✓ 15 km from ✓ No monuments, resource Barstow. or national occurs within Access via parks encroach. private lands or paved roads.
Slide 11: The Right Location
THE RIGHT LOCATION “The County recognizes that the extraction of minerals is essential to the 1 continued economic well-being of California and to the needs of society…” 1) Source: https://cms.sbcounty.gov/lus/Mining/MiningHome.aspx San Bernardino County supports responsible resource development www
Slide 12: Calico Silver: America's Newest Tier 1 Silver Project
CALICO SILVER AMERICA’S NEWEST TIER 1 SILVER PROJECT LEVERAGE TO SILVER CONTINUITY GROWTH • 166 million ounces of silver (“Ag”) in 58.1 • Extensive resource with continuous silver • Current base of resource is less than ~125 million tonnes at 89 grams per tonne Ag at mineralization in both Waterloo
Slide 13: Resource Inputs
RESOURCE INPUTS A solid foundation of historical data • Calico drilling information – 438 holes, 42,091m (141,094 ft) • Waterloo - 255 holes, 18,626 m (61,108 ft). Nominal drill hole spacing is 40 x 45 m (140 x 150 ft) • Langtry - 183 holes, 23,465 m (76,986 ft). Nominal drill hole spacing 50 x 60 m
Slide 14: Resource Estimation
RESOURCE ESTIMATION • Block revenue estimates for silver grade blocks greater than 50 ppm (50 g/t), less surface mining costs, were used to generate an optimized Lerchs-Grossman economic pit shell at constant slope of 45 degrees and constrained to within the property claim boundaries. • Silver grade
Slide 15: Calico Silver Resource Overview
CALICO SILVER RESOURCE OVERVIEW CALICO RESOURCE ESTIMATE(1,2,3) Category Ag Grade Tonnes Ag Cut-off Ounces Inferred 89 g/t 58 Mt 50 g/t 166 M WATERLOO RESOURCE ESTIMATE(1,2,3) Langtry Category Grade Tonnes Ag Cut-off Ounces Waterloo Inferred 93 g/t 38.9 Mt 50 g/t 116 M Langtry LANGTRY RESOURCE ESTIM
Slide 16: Waterloo - Mineral Resource Estimate
WATERLOO - Mineral Resource Estimate WATERLOO RESOURCE ESTIMATE(1,2,3) Category Ag Grade Tonnage Ag Cut-off Ag Ounces Inferred 93 g/t 38.9M 50 g/t 116 M • Mineralization is near surface and continuous over 1.8 km strike. • High grade mineralization distributed along entirety of deposit. • Bulk minin
Slide 17: Waterloo – Section A-A'
WATERLOO – Section A-A’ WATERLOO – Cross Section Drilling Highlights • DH-50 - 64 m of 76.8 g/t Ag from 0 m • Extensive drilling and geological data • • DH-47 - 106.7 m of 105.6 g/t Ag from 0 m DH-175 - 100.6 m of 104.1 g/t Ag from 4.5 m provide excellent foundation for MRE • W-0052 - 102.1 m of 101
Slide 18: Langtry - Mineral Resource Estimate
LANGTRY - Mineral Resource Estimate LANGTRY RESOURCE ESTIMATE(1,2,3) Category Ag Grade Tonnage Ag Cut-off Ag Ounces Inferred 81 g/t 19.3M 50 g/t 50 M • Silver mineralization shows excellent continuity in bedding controlled horizons over a 1.25 km (0.77 miles) strike length. • MRE considered drilling
Slide 19: New Opportunities
NEW OPPORTUNITIES • Extent of gold and barite mineralization is poorly constrained. • Gold mineralized horizon of 25 m (true thickness) returning 0.59 g/t Au from 132.60 m below surface, including 1.52 m of 5.52 g/t Au in drill hole W-0054. This horizon is 60 m wide and 110 m length (down- dip) and
Slide 20: 2022 Focus
2022 FOCUS • Drilling at Calico in March 2022 DE-RISKING • Resource expansion, silver, barite and gold PROJECT • Infill drilling, conversion to M&I • Acquire water rights • Completion of Phase 1 metallurgical testing A DVA N CE • Updated resource estimate, PEA – Q4 ASSET • Continue baseline studies
Slide 21: Timeline
Apollo is primed to realize shareholder TIMELINE value through the advancement of US-based silver projects. Q1 Q2 Q3 Q4 Q1 Q2 2022 2022 2022 2022 2023 2023 GROW Drilling CALICO DE-RISK Metallurgical Test Program CALICO Resource Update ADVANCE CALICO PEA DISCOVERY IN AZ Silver target generation ARIZO
Slide 22: Leverage to Silver Price
LEVERAGE TO SILVER PRICE Sensitivity to Cut Off Grade • The Calico Silver Project is a 225 160 robust project with exceptional Base Case optionality. 200 140 • Changes to either the silver price 175 120 or processing cost can unlock 68 150 additional ounces of silver. 50 100 Ag Grade (g/t) 125 Ag Mo
Slide 23: A Compelling Opportunity
A COMPELLING OPPORTUNITY Clear path to significant Contained Silver (Moz) (1,2,3) re-rating 350 299 • Calico ranks as the 3rd largest 300 undeveloped US silver project 250 amongst active peer US silver 200 183.3 166 150 projects. 106.5 100 • Provides an excellent 78.8 50 33.5 opportunity for shareho
Slide 24: Leverage to Silver
✓ U.S.- ✓ PURE PLAY ✓ TIER 1 ✓ STRONG BALANCE FOCUSED SILVER PORTFOLIO SHEET APOLLO SILVER CORP. LEVERAGE TO STABLE EXPERIENCED TSX.V:APGO SILVER JURISDICTION TEAM OTCQB:APGOF F R A N K F U RT: 6 Z F 166 MILLION SAN $2 BILLION OUNCES1 BERNARDINO Third largest “The County Track record of undeveloped
Slide 25: Questions?
QUESTIONS? APOLLO SILVER CORP. TSX.V:APGO OTCQB:APGOF F R A N K F U RT: 6 Z F REACH OUT TO BANKING FIRM SECURITIES COUNSEL APOLLO SILVER Bank of Montreal Cassels Brock & Blackwell LLP 595 Burrard Street, David Redford Vancouver BC, V7X 1L7 #2200-885 West Georgia Street, 710-1030 WEST GEORGIA STREET,
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