Silver Mines Limited · ASX:SVL

Silver Mines — Investor Presentation (September 2022)

26 slides from Silver Mines's investor presentation, September 2022

  1. Slide 1: North America Presentation September 2022

    rsonal use only North America Presentation September 2022

  2. Slide 2: Disclaimer

    Disclaimer The material in this presentation contains certain forecasts and forward-looking information, including regarding rsonal use only possible or assumed future performance or potential growth of Silver Mines Limited (“SVL”). Such information is not a guarantee of future performance and invol

  3. Slide 3: Silver Mines Limited: Introduction

    Silver Mines Limited: Introduction Key Assets Capital Structure (ASX: SVL) rsonal use only AUD USD  The Bowdens Silver Project is located in central New South Wales, Australia. Shares on Issue (m) 1,291.8 1,291.8  The consolidated project is 100% held and the area comprises 1,950km2 (480,000 acres

  4. Slide 4: Silver Mines Limited: Progress

    Silver Mines Limited: Progress Recent Highlights Silver Mines Limited Share Price Graph rsonal use only 0.40  Lodgement of Development Application for the Bowdens 100 Silver open-cut mine development. 0.35 90  Approvals expected circa late 2022. 0.30 80 70  Initial production 6Moz silver per annu

  5. Slide 5: Overview

    Bowdens Silver Project: Overview Highlights Timeline of Major Milestones rsonal use only September 2017  The largest silver development project in Australia with Open-Cut Mineral Resource complete (275 Moz AgEq) a current JORC-compliant Mineral Resource base of May 2018 318Moz* silver equivalent. O

  6. Slide 6: Regional Geology

    Bowdens Silver Project: Regional Geology rsonal use only • Extensive tenement holding (1,950 km2 = 480,000 acres) 100% controlled by Silver Mines. • Wide range of prospective deposit types over different time periods (Ordovician, Siluro-Devonian, Carboniferous and Permian). • Mid-Carboniferous Rylst

  7. Slide 7: Mine Geology

    Bowdens Silver: Mine Geology rsonal use only 7

  8. Slide 8: Mine Development

    Bowdens Silver Mine Development rsonal use only 8

  9. Slide 9: Study Work

    Bowdens Silver Project: Study Work Unit Feasibility Upside Case2 Feasibility Base Case1 rsonal use only Physical Metrics Production Life Years 16.5 16.5 Ore Mined Mt 29.9 29.9 Waste Mined Mt 48.2 48.2 W:O Strip Ratio x 1.60 1.60 Ag Recovered in Concentrate Moz 52.91 52.91 Zn Recovered in Concentrate

  10. Slide 10: Approvals Timeline

    Bowdens Silver Project: Approvals Timeline  Community Support rsonal use only WE ARE HERE 10

  11. Slide 11: Exploration: A Major Silver System

    Bowdens Silver Exploration A Major Silver System rsonal use only 11

  12. Slide 12: Extensions

    Bowdens Silver Project: Extensions  Northwest Zone, Aegean and Bundarra rsonal use only Zones contains high-grade silver directly under the planned open-cut pit.  Drilling demonstrates that the Northwest and Aegean Zones are likely to be connected.  Bundarra Zone with greater base metal (zinc & l

  13. Slide 13: Extensions

    Bowdens Silver Project: Extensions rsonal use only 13

  14. Slide 14: Extensions

    Bowdens Silver Project: Extensions rsonal use only 14

  15. Slide 15: Extensions

    Bowdens Silver Project: Extensions rsonal use only 15

  16. Slide 16: Seismic Program

    Bowdens Silver Project: Seismic Program rsonal use only 16

  17. Slide 17: Seismic Program

    Bowdens Silver Project: Seismic Program rsonal use only 17

  18. Slide 18: Key Conclusions

    Bowdens Silver Project: Key Conclusions rsonal use only   Considerable exploration potential with extensive drilling underway. Confirmed significant high-grade extensions to The largest silver development project in Australia with a mineralisation close to mine. Underground Mineral Resource curren

  19. Slide 19: Other Exploration Assets

    Other Exploration Assets rsonal use only 19

  20. Slide 20: Barabolar Project: Unlocking a Major Mineralised System

    Barabolar Project: Unlocking a Major Mineralised System rsonal use only • Barabolar Project area located 10 kilometres northwest of Bowdens Silver. • 9000 x 2000 metre corridor of base-metal and precious metal soil anomalies. • Mineralised skarn mapped over 5000 by 800 metres. • Porphyry system type

  21. Slide 21: Tuena Gold Project: An evolving gold/copper region

    Tuena Gold Project: An evolving gold/copper region rsonal use only • Located south of Blayney in New South Wales. • Historic goldfield with minimal exploration work in the modern era. • Clear geological analogies to the McPhillamys Gold Project (2.0 Moz gold). • Mineral system and old gold workings

  22. Slide 22: Anthony McClure, Managing Director

    rsonal use only Anthony McClure Managing Director Silver Mines Limited +61 2 8316 3997 22

  23. Slide 23: Appendix – Bowdens Silver Ore Reserve

    Appendix 1 – Bowdens Silver Ore Reserve (as at May 2018) rsonal use only Tonnes Silver Silver Zinc Lead Silver Silver Zinc Lead (Mt) Eq. (g/t) (%) (% ) Eq. Million Kilo- Kilo- (g/t) Million Ounces tonnes tonnes Ounces Proved 28.6 102.2 69.75 0.44 0.32 93.85 64.05 125.11 91.43 Probable 1.3 84.4 53.15

  24. Slide 24: Appendix – Bowdens Silver Open Cut Resource

    Appendix 2 – Bowdens Silver Open Cut Resource (as at September 2017) rsonal use only 30 g/t Ag Eq Cut Tonnes Silver Eq. Silver Zinc Lead Million Million (Mt) (g/t) (g/t) (%) (% ) Ounces Ounces Silver Silver Eq. Measured 76 72 45 0.37 0.25 111 175 Indicated 29 59 31 0.38 0.25 29 55 Measured & Indicat

  25. Slide 25: Appendix – Bowdens Silver Underground Resource

    Appendix 3 – Bowdens Silver Underground Resource (as at September 2022) rsonal use only 150 g/t Ag Eq Cut Tonnes Silver Eq. Silver Zinc Lead Gold Million (Mt) (g/t) (g/t) (%) (%) (g/t) Ounces Silver Eq. Measured 1.55 212 139 0.82 0.73 0.10 10.6 Indicated 2.01 217 55 2.02 1.12 0.31 14.1 Measured & In

  26. Slide 26: Competent Persons Statements

    Competent Persons Statements Ore Reserve The information in this report that relates to Ore Reserves within the Bowdens Silver Project is based on information compiled or reviewed by Mr Adrian Jones rsonal use only of AMC Consultants Pty Ltd who is a consultant to the Company. Mr Jones is a member o

Silver Mines — Investor Presentation (September 2022) on 6ix