Andean Silver Limited · ASX:ASL
Andean Silver — Diggers & Dealers Kalgoorlie 2024
32 slides from Andean Silver's conference presentation, Aug 6, 2024
Slide 1: Exploring and Developing the Next Generation of Silver Projects
For personal use only Exploring and Developing the Next Generation of Silver Projects Investor Presentation August 2024
Slide 2: Disclaimers
DISCLAIMERS This presentation has been prepared by Andean Silver Ltd (ACN 645 578 454) (Company) based on information from its own and third party sources and is JORC CODE not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, dispatch o
Slide 3: Chilean silver-gold mining project positioned for growth
For personal use only Chilean silver-gold mining project positioned for growth that can be fast tracked into production. High-Grade Silver & Gold: Board and management team with a proven track record of value creation High-grade inferred and indicated resource base of 50Moz @ 311g/t AgEq Rapid low-c
Slide 4: Investment Highlights
Investment Highlights Upside Resources & Mines Infrastructure For personal use only Rapid Low-Cost Growth Shallow High-Grade Silver-Gold A$150M of Infrastructure and through the Drill Bit with Multiple Mining Fronts Investment in Place › 2 Drill rigs on the ground, planning to increase Total indicat
Slide 5: Corporate Overview
Corporate Overview Capital Structure Tight Capital Structure with Strong Support For personal use only ASX Code ASL Current Share Price4 Market Capitalisation4 Cash Position2 Shares on Issue 114.9M A$ ~A$ A$ Options & Performance Rights3 36.6M 0.76 87M 10M Top 20 Shareholders1 37% Cerro Bayo Pegaso
Slide 6: Board and Management
Board and Management Proven Leadership Team in the Resource Sector For personal use only Ray Shorrocks Tim Laneyrie Non-Executive Chair Chief Executive Officer Previous Chair of Bellevue Gold, immediate past Non- Previously holding senior positions with Northern Star Executive Chair of Firefly Metal
Slide 7: Silver – Powering The Future
Silver – Powering The Future For personal use only Photovoltaics Electrical Applications (~20g of Silver per KW) (19% of Silver use in Electrical Circuits) Future Technology Value Medical and Sanitarys (5G Networks, Hydrogen Storage, (Biomedical, Dentistry, Anti-Bacterial Lithium Extraction) Uses, M
Slide 8: Chile – A World Class Endowment
Chile – A World Class Endowment Deseado Massif World-Class Province Globally Significant Metals Producer For personal use only 1st 2nd 2nd 4th Copper Lithium Molybdenite Silver (~23%) (~24%) Investment by Major Companies SQM – Lithium | Codelco – Copper | Antofagasta – Copper Glencore – Copper & Mol
Slide 9: Chile – A World Class Endowment: Premier 30Moz Gold Equivalent Resources
Chile – A World Class Endowment Premier 30Moz Gold Equivalent Resources and Reserves For personal use only Deseado Massif World-Class Province +60sq KM Epithermal Gold-Silver Province Spanning Chile & Argentina Established Mining Services Sector 5 Operating* Silver-Gold Mines Established Infrastruct
Slide 10: Ready to Go: A$150m Mine Infrastructure
READY TO GO A $150m Mine Infrastructure Situated 20km by road west of the mining town For personal use only of Chile Chico (population 4,000) Cerro Bayo Mine Complex Processing Facility Site Infrastructure Equipment For Restart › Over 400km2 of granted tenure › 1,650 tpd floatation plant in › 1,600m
Slide 11: Infrastructure Overview
INFRASTRUCTURE OVERVIEW Crusher SAG MILL BALL MILL VERTI MILL FLOAT CIRCUIT For personal use only 6.5MW installed, 3 x 1MW spare ASX CODE: Crusher Mill Offices Assay lab Stores/HV workshop ASL
Slide 12: Establishing Strong Social Presence
Establishing Strong Social Presence › Cerro Bayo has +25yrs of overwhelming A B local community support through For personal use only sponsorship of sporting groups, community programs and infrastructure investment › Archaeological site preservation › University of Santiago geology sponsor › Donate
Slide 13: Laguna Verde District: 50Moz AgEq Resource and Growing
Laguna Verde District 50Moz AgEq Resource and Growing For personal use only Major mineralized system, multiple untested veins Veining extending over 16km2 Relatively shallow – Deepest drilling ~300m Multiple untested targets System not closed off Taitao South untested vein rock chips and channels ›
Slide 14: High Grade Base Feed - Taitao
High Grade Base Feed - Taitao › JORC Inferred Resource of 3.8Mt @ 206g/t AgEq for 24.7Moz AgEq For personal use only › Open pit broad breccia target zone with high grade underground feeder veins › Proximal to the processing facility, shallow, continuous › Form the core of the base load for future re
Slide 15: Delia Sur – High Grade and Accessible
Delia Se – High Grade and Accessible For personal use only High grade feed to complement Open pit Base load Vein width typically up to 4m Current Resource OPEN to the south and down plunge Resource contained in top 300m Number of high-grade veins parallel and oblique to Delia not in current resource
Slide 16: Coyita Vein – Rapid Value Growth
Coyita Vein – Rapid Value Growth High grade feed to complement Open pit For personal use only Base load Exceptional grades underpin a high value resource Coyita veins over 1.3km of strike Access to Coyita Nth vein via the established Coyita Decline Coyita Sth can be rapidly accessed by the developme
Slide 17: Pegaso – Growing a Significant Resource
Pegaso 7 – Growing a Significant Resource Maiden Drill Campaign extended know mineralisation to 600m For personal use only Surface mineralisation extends over 1km in strike Maiden resource on Pegaso 7 progressing Future mining scenario would be a combined Open Pit and Underground scenario Significan
Slide 18: New Discoveries Proximal to Mill
New Discoveries Proximal to Mill Cristal discovery within 1.5km of processing plant For personal use only Extensive vein corridor Outstanding series of outcropping veins High-grade hits1 include 0.5m @ 19,856g/t AgEq (1,442g/t Silver & 221.9g/t Gold) 0.6m @ 11,965g/t AgEq (1,967g/t Silver & 120.5g/t
Slide 19: Cerro Bayo – Under Explored for Years
Cerro Bayo – Under Explored for 20 Years For personal use only Historic Production of 48.3Moz AgEq District scale project area Extensive Surface outcrop veins discovered New discoveries still being made Raul West vein high-grade rock chips › 2,090 g/t Silver & 17.3 g/t Gold › 1,464 g/t Silver & 15.8
Slide 20: Droughtmaster corridor – Emerging District
Droughtmaster corridor – Emerging District For personal use only Underexplored Extensive System Extensive Surface outcrop over 4km Strike Discovery of new high grade vein trends 40% of corridor under cover = future discoveries? Sits within a large graben structure High grade vein high-grade rock chi
Slide 21: Droughtmaster Corridor Structures
Droughtmaster Corridor Structures Veta Veta For personal use only Percheron Madre Segunda Veta Madre Percheron Vein Raul West Vein ASX CODE: Untested at depth 2m @ 291g/t AgEq 0.5m @ 2,499g/t AgEq ASL
Slide 22: Huge Regional Upside: Los Domos
Huge Regional Upside Los Domos Exceptional high grade surface rock chips including: For personal use only › Polymetallic intermediate sulphidation style deposit with only ~7,000m drilled to date - walk up drill targets › Los Domos covers a 10km Strike › Southern Extension to the Cerro Bayo Project =
Slide 23: Huge Regional Upside: Cerro Diablo
Huge Regional Upside Cerro Diablo Exceptional high grade surface rock chips including: › Cerro Diablo geological model related to HOD MADEN style Hybrid mineralization (VMS/intermediate sulphidation) For personal use only › Large Permit with high priority walk up drill targets › Polymetallic interme
Slide 24: Catalyst Rich Month News Flow
Catalyst Rich 12 Month News Flow First 12 months of works is to create value with the drill rig. Multiple high-grade silver For personal use only and gold targets with rapid low-cost and high-grade resource growth.
Slide 25: Cerro Bayo Silver-Gold Project
Cerro Bayo Silver-Gold Project Rapid low-cost growth through the drill bit – a proven strategy for value creation For personal use only Highlights › A significant ready-to-go silver-gold mine in the Deseado Massif, Chile › A world class mining province host to Newmont, Yamana, Anglo Ashanti, McEwen
Slide 26: Appendices
APPENDICES For personal use only Appendix A - Infrastructure Overview, Resource Overview and Exploration Summary Appendix B - Silver Statistics Appendix C - Mineral Resources ASX CODE: ASL
Slide 27: Appendix A: Infrastructure Overview, Coyita and Delia Mine Infrastructure
APPENDIX A INFRASTRUCTURE OVERVIEW COYITA AND DELIA MINE INFRASTRUCTURE For personal use only DELIA SUR MINE COYITA NORTE MINE ASX CODE: ASL
Slide 28: Appendix A: Coyita Resource – Feb 2024
APPENDIX A Coyita Resource – Feb 2024 For personal use only ASX CODE: ASL
Slide 29: Appendix A: Delia Resource – Feb 2024
APPENDIX A Delia Resource – Feb 2024 For personal use only ASX CODE: ASL
Slide 30: Appendix B: Silver Statistics
APPENDIX B Silver Statistics For personal use only Global Silver production versus demand Major bullion vaults stocks 2020-2022 Year Mine (Moz) Recycling (Moz) Demand (Moz) Deficit (Moz) 2020 2021 2022 Y/Y 2014 882 160.4 1110 -67.6 London Vaults 1080.5 1161.5 840.9 -28% 2015 896 146.9 1153 -110.1 CM
Slide 31: Appendix C: Laguna Verde Project Mineral Resources
APPENDIX C Laguna Verde Project Mineral Resources 1. Mineral Resources are classified and reported in accordance with Indicated the 2012 JORC Code. For personal use only Tonnes Ag Au Silver Gold AgEq AgEq AuEq AuEq 2. Open pit resources are reported to a cutoff grade of 65g/t AgEq. Area (Mt) (g/t) (
Slide 32: For personal use only
For personal use only (+61) 8 6243 6542 Level 2/8 Richardson Street, West Perth, WA 6005 info@ANDEANSILVER.com ANDEANSILVER.COM