Investigator Silver Limited · ASX:IVR

Investigator Silver — Investigator Resources — RIU Sydney Resources Round-up 2024

18 slides from Investigator Silver's conference presentation, May 7, 2024

  1. Slide 1: Thinking Silver? Think Investigator.

    For personal use only Thinking Silver? Think Investigator. Advancing Australia’s highest grade Silver project. RIU Sydney Resources Round-up Conference Presentation 7 May 2024 ASX:IVR

  2. Slide 2: Disclaimer

    Disclaimer The information in this presentation is published to inform you about Investigator Resources Limited and its activities. Some statements in this presentation regarding estimates For personal use only or future events are forward looking statements. They involve risk and uncertainties that

  3. Slide 3: What do you really need to know about Silver?

    What do you really need to know about Silver……? For personal use only Only that industrial demand is skyrocketing.…. Investigator Resources Limited – RIU Sydney Resources Round-up – 7 May 2024 3

  4. Slide 4: What else do you need to know about Silver?

    What else do you need to know about Silver*……? Photovoltaic Photography Brazing / Alloys Both a precious and an industrial metal 3% For personal use only 8% 4% • Traditional store of wealth Etylene Oxide 5% Other Industrials • Most electrically conductive metal 14% • Circuit boards, semiconductors A

  5. Slide 5: What is the Au:Ag ratio and why is that important?

    What is the Au:Ag ratio and why is that important.…? For personal use only Investigator Resources Limited – RIU Sydney Resources Round-up – 7 May 2024 5

  6. Slide 6: What you really need to know about Investigator

    What you really need to know about Investigator.…. $0.08 $29.00 IVR (A$/sh) For personal use only Silver (U$) $27.00 $0.07 $25.00 $0.06 Silver (US$/oz) IVR (A$/sh) $23.00 $0.05 $21.00 $0.04 $19.00 $0.03 $17.00 May 2023 Jul 2023 Sep 2023 Nov 2023 Jan 2024 Mar 2024 May 2024 Investigator – it’s all abo

  7. Slide 7: What do you need to know about Investigator?

    What do you need to know about Investigator? South Australia focus - 8,000km2 • Paris Silver Project For personal use only • Australia’s highest grade primary Ag project • 57Moz Silver + 99kt Lead - JORC (2012) Resource #1 • PFS completed 2021 • Resource updated July 2023 • DFS in progress – due mid

  8. Slide 8: What else do you need to know about Investigator?

    What else do you need to know about Investigator?..... Capital – 31 March 2024 For personal use only Shares – ordinary 1,584M Listed Options (6.3c, exp Mar 2025) 318M Unlisted Options (7.6c, exp Dec 2025) 28.5M Share Price 4.1c Market Cap $65M Cash (as at 31 Mar 2023) $6.3M Share Register – 31 March

  9. Slide 9: Paris Silver Project – 100% IVR

    Paris Silver Project – 100% IVR Pre Tax NPV8: Pre-Feasibility Study#2 For personal use only A$202 Million Paris – the highest grade undeveloped primary silver IRR: project in Australia 47.9% • Simple open pit – 70% free dig Project Life • Dry stacked tailings 7 years • Hybrid diesel & solar power ge

  10. Slide 10: Paris Silver Project – Definitive Feasibility Study

    Paris Silver Project – Definitive Feasibility Study • Southern resource extension For personal use only • Metallurgical optimisation • Crush, grind and Lead recovery test work • Final Silver leach studies – incl tails & detox • Hydrological study – pit & process water • Environmental survey • Engage

  11. Slide 11: 2024 exploration program within 5km of Paris

    2024 exploration program within 5km of Paris Apollo For personal use only • 2 Passive Seismic programs • 98 station ANT • 300 station Tromino • Gravity survey – 3,000 station • Soil sampling Paris • 5,000m air core drilling @ Apollo • 8m @ 1,262g/t Ag from 149m #3 • Mineralogically identical to Pari

  12. Slide 12: Investigator – SA Regional Opportunities

    Investigator – SA Regional Opportunities For personal use only Uno, Morgans & Harris Bluff tenements: • 80km east of Paris • Similar structural/geologic setting to Paris • Silver, Gold & Base metal potential • 24 of 27 holes intersected mineralisation#4 • 12m @ 240g/t silver from 78m (12 Mile) • 123

  13. Slide 13: Diversification – Molyhil Tungsten/Molybdenum Project - NT

    Diversification – Molyhil Tungsten/Molybdenum Project - NT • 3 stage Earn-In to Joint Venture with Thor Energy (ASX:THR) • Stage 1 - $1M over 18 months to earn 25% Molyhil interest (& 40% Bonya) For personal use only • JORC 2012 resource estimate #5 (requires revalidation) • 4.4Mt @ 0.27% WO3 and 11

  14. Slide 14: Investigator – The Value Proposition

    Investigator – The Value Proposition……. • Silver exposure: • Paris is the highest-grade undeveloped Silver project in Australia For personal use only • Robust project PFS financials, opportunities to enhance - DFS in progress • Stable jurisdiction, clear pathway to approval, experienced team • Regio

  15. Slide 15: Thank you

    For personal use only Thank you • Andrew McIlwain, Managing Director • 47 King Street, Norwood SA 5067 Thinking Silver? Think Investigator.… • • +61 (0) 8 7325 2222 amcilwain@investres.com.au Investigator Resources Limited – RIU Sydney Resources Round-up – 7 May 2024 • www.investres.com.au 15

  16. Slide 16: Appendix – Paris Mineral Resource Estimate

    Appendix 1 – Paris Mineral Resource Estimate #7 For personal use only Category Mt Ag ppm Pb % Ag Mozs Pb Kt Indicated 17 75 0.5 41 85 Inferred 7.2 67 0.42 16 14 Total 24 73 0.41 57 99 Table 1: 2023 Paris Silver Project Mineral Resource estimate (25g/t silver cut-off grade). (Note: Total values may d

  17. Slide 17: Appendix – Molyhil Earn-In to JV Agreement

    Appendix 2 – Molyhil Earn-In to JV Agreement #8 General Terms • 3 stage Earn-In to Joint Venture with Thor Mining (ASX:THR) For personal use only • Stage 1: • Payment to Thor of $100,000 on execution of Heads of Agreement documentation • Expenditure of $1M over 18 months (includes $100k HoA fee abov

  18. Slide 18: Appendix – Molyhil Mineral Resource Estimate

    Appendix 3 – Molyhil Mineral Resource Estimate #9 ‘000 WO3 Mo Cu Fe Grade Category Tonnes Tonnes Tonnes For personal use only Tonnes Grade % Grade % Grade % % Measured 464 0.28 1,300 0.13 600 0.06 280 19.12 Indicated 2,932 0.27 7,920 0.09 2,630 0.05 1,470 18.48 Inferred 990 0.26 2,580 0.12 1,170 0.0

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