Dolly Varden Silver Corporation
Dolly Varden Silver — Investor Presentation (April 2025)
22 slides from Dolly Varden Silver's investor presentation, Apr 19, 2025
Slide 1: Advancing largest high-grade, undeveloped precious metal assets Golden Triangle
Advancing largest high-grade, undeveloped precious metal assets Golden Triangle TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT CAUTIONARY STATEMENT This presentation may contain forward-looking statements that are not historical facts. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about
Slide 3: $5 Billion in M&A since 2018
$5 Billion Newcrest Acquires Brucejack Mine from Pretium for $2.7B in M&A since 2018 Newcrest Acquires Red Chris Mine from Imperial for $806M Newmont Acquires Tatogga from GT Gold for $343M Newmont Acquires Galore Creek from NovaGold for $100M Seabridge Acquires Snowfield from Pretium for $100M Skee
Slide 4: Leadership
Leadership Management, Advisors, & Directors CEO & Director VP Exploration CFO Shawn Khunkhun Rob Van Egmond Ann Fehr Tech Committee Technical Advisor Technical Advisor Advisor Rob Davidson Ryan Weymark Jodie Gibson Ivan Bebek Director & Chairman Director Director, Tech Adv. Director Director Darren
Slide 5: Capital Structure
Capital Structure 15% 52% Institutional Current Price $3.45 CAD 12% As of April 7, 2025 9.9% Eric Sprott 11% HNW Shares Outstanding 79.5 M Stock Options 2.8 M RSUs 0.7 M Fully Diluted 83 M Market Cap $274 M CAD Cash $32 M CAD As of April 7, 2025 5 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 6: Why Silver?
Why Silver? Strong Investment Fundamentals Scarcity of Pure Silver Plays 13 primary silver miners 30.92% Industrial Demand Growth Monetary Demand Drivers 5.4% 215 million ounces 11% Supply Deficit 215 million-ounce 28% 6 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 7: Building a Premier Silver Company
Building a Premier Silver Company Vision, Strategy, and Business Model Vision Strategy Build Strategic Partnerships Focus on Sustainability Unlock Resource Growth Business Model 7 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 8: Community
Community Building strong relationships with First Nations Maximizing business and training opportunities Developing mutually beneficial relationships Regular and transparent dialogue 1/3 of the exploration team is from the Nisga’a Nation Maximizing employment 8 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 9: History of Production
History of Production 20M oz Ag produced from Torbrit and Dolly Varden Production started in 1919 at the Dolly Varden Mine Torbrit produced 18M oz Ag at 466 g/t Ag at an average grade of 1,100 g/t Ag during the 1950s 9 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 10: Infrastructure
Infrastructure 25km road maintained by operators provides tidewater access at Alice Arm 30km from power grid and the town of Kitsault 46km SE of the deep-water port of Stewart 170km from the town of Terrace 11 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 11: Kitsault Valley Trend
Kitsault Valley Trend 12 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 12: Kitsault Valley
Kitsault Valley 15km Mineralized Trend Geochemistry Magnetics MOOSE MOOSE MOOSE CHANCE CHANCE CHANCE RED POINT RED POINT 0 2.5 5km 13 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 13: Wolf
Wolf Longitudinal Section Lithology Wolf Vein System extended to the SW and NE from the existing Mineral Resource for a total plunge length of 950m to the high-grade Silver zone. The Wolf Vein mineralization remains open to depth and up plunge for further expansion. Hazelton Volcanic Rock 14 TSX-V:
Slide 14: Connecting Deposits
Connecting Deposits Upper Hazelton Sediment Cap 2024 Exploration continued to test the extension of Wolf below the sediment cap towards the projection of the possible connection between the Wolf and Torbrit/Kitsol zones Upper Hazelton Sediment Cap 15 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 15: Homestake Silver
Homestake Silver 16 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 16: 2024 Exploration
2024 Exploration 32,000m of diamond drilling Drilling approximately 50/50 split between completed for 2024 season Homestake Ridge and Dolly Varden Properties Homestake Ridge Drilling (1/3) Dolly Varden Drilling (1/3) Kitsault Valley Wide - Delineate and de-risk the wider, - Delineate and expand size
Slide 17: 2024 Recent Results
2024 Recent Results Moose and Chance Long Section of Moose Drilling (looking North) Exploration targets follow-up Moose Vein DV24-387: 977 g/t Ag over 5.00m including 3,670 g/t Ag over 0.79m Chance Vein DV24-388: 206 g/t Ag over 23.03m including 597 g/t Ag over 1.40m and 749 g/t Ag over 0.50m All in
Slide 18: 2024 Recent Results
2024 Recent Results Wolf Vein Step-out on High grade Ag WOLF Plan view of Wolf drilling DV24-404: 1,091 g/t Ag, 1.35% Pb and 1.40% Zn over 9.38 m including 2,505 g/t Ag, 3.42% Pb and 2.88% Zn over 1.63 m DV24-412: 606 g/t Ag, 0.61% Pb and 1.43% Zn over 16.20 m including 868 g/t Ag, 0.18% Pb and 0.88
Slide 19: 2024 Recent Results
2024 Recent Results WOLF Wolf Vein, vertical expansion Section view of Wolf drilling DV24-416: 654g/t Ag, 0.47% Pb and 0.57% Zn over 21.48 m including 1,000 g/t Ag, 0.62% Pb and 0.64% Zn over 7.70 m. DV24-408: 513 g/t Ag, 2.95% Pb and 1.82% Zn over 27.19 m including 2,520 g/t Ag, 0.18% Pb and 0.88%
Slide 20: Current Mineral Resources
Current Mineral Resources Category Property Cut-Off Tonnes Ag (g/t) Ag oz Au (g/t) Au (oz) Dolly Varden 150 g/t Ag 3,417,000 299.8 32,931,000 Indicated Homestake Ridge 2.0 g/t AuEq 736,000 74.8 1,800,000 7.02 165,993 Total 34,731,000 165,993 Dolly Varden 150 g/t Ag 1,285,300 277.0 11,447,000 Inferre
Slide 21: Company Timeline
Company Timeline Since 2020, Dolly Varden Silver’s valuation went up from $20M to over $300M+, driven by strategic acquisitions which have significantly increased the mineral inventory, $120M+ in capital raised, and the successful execution of 135,000m+ of drilling, leading to new discoveries. 2020
Slide 22: Dollyvardensilver.com Shawn Khunkhun
TSX-V: DV OTCQX: DOLLF FRK: DVQ1 DOLLYVARDENSILVER.COM Resource expansion and Rare advanced-stage silver & gold Shawn Khunkhun discovery potential project in Canada CEO & Director Large, high-grade silver & Provides investors leverage to Office: 604 609 5137 gold resources precious metal prices Cell
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