Slide 1: A New Dawn for Silver in America
A NEW DAWN FOR CORPORATE PRESENTATION SILVER IN AMERICA ADVANCING U.S. PURE SILVER PROJECTS SEPTEMBER 2021
Slide 2: Forward-looking Statements
Forward-looking Statements Cautionary Note Regarding Forward Looking Information: Except for statements of historical fact relating to Apollo Gold and Silver Corp. (the “Company” or “Apollo”), certain information contained in this presentation constitutes “forward looking information” under Canadian
Slide 3: Cautionary Note: Historic Resources
CAUTIONARY Project Source Category Grade Tonnage Cutoff Ounces NOTE: Waterloo Pan American, 2013 Inferred 86 g/t Ag 37,079,349 tonnes* 20 g/t Ag 102,953,457 HISTORIC 12,700,000 Indicated 1.48 opt Ag 0.76 opt Ag 18,809,000 Langtry Moran et al., tons** RESOURCES 2012 Inferred 1.40 opt Ag 30,400,000 to
Slide 4: Investor Highlights
INVESTOR HIGHLIGHTS US-FOCUSED PURE PLAY SILVER STRONG PORTFOLIO MINING-FRIENDLY JURISDICTIONS UNIQUE PURE SILVER PLAY US ASSET BASE CAPITAL STRUCTURE EXPERIENCED TEAM • Significant silver mineralization • Tight capital structure and balance • Global resource sector experience across three
Slide 5: Capital Structure
CAPITAL Equity Ownership STRUCTURE High Net Retail 28% Worth/Strategic 27% 162M SHARES ISSUED 225M SHARES FULLY DILUTED 17.1M 63M WORKING CAPITAL WARRANTS 12.0M @ $0.25 4M @ $0.50 5M @ $0.75 35M @ $1.25 Management 18% Institutions 28% OPTIONS 2.5M @ $0.33 4.5M O@ $0.86 High Net Worth/Strategic Manag
Slide 6: The Apollo Team: Board of Directors
THE Andrew Bowering Chair Tom Peregoodoff CEO, Director Simon Clarke Director APOLLO • Venture capitalist with 30+ years operational experience. • 30+ years resource industry experience • 25+ years capital market experience TEAM • Executive Positions with TSX.V, • BHP, Peregrine Diamonds • Founder &
Slide 7: The Apollo Team: Management
THE Tom Peregoodoff Ignacio Rosado APOLLO CEO • 30+ years resource industry Strategic Advisor • 30+ years experience with deep technical, TEAM • • experience BHP, Peregrine Diamonds Currently Director, Pretivm Resources, Mountain Province • financial and operational experience Volcan Compania Minera
Slide 8: Transformation is Complete
Transformation is Complete Vision to become the next US mid-tier silver producer May PURE 12 PLAY SILVER July 7 July 9 July 12 September 3 Apollo Signs Apollo Apollo Closes Apollo Apollo Announces Definitive Acquisition Announces Amalgamation and Completes Name Change to Agreement to Create Closin
Slide 9: The Apollo Snapshot
HISTORIC 103 M 19 M OUNCES OZ OF SILVER INFERRED AT OZ OF SILVER INDICATED AT OF SILVER WATERLOO (HISTORICAL) (1,2) LANGTRY (HISTORICAL) (1,3) Calico DISTRICT- 6 KM 13 KM STRIKE LENGTH COLLECTIVE SCALE SIZE AT WATERLOO & LANGTRY STRIKE AT AZ SILVER DISTRICT Az Silver District THE 20 M 47 APOLLO HIST
Slide 10: Prime Jurisdiction
Prime Jurisdiction California maintains its position as an established mining jurisdiction in the USA PURE SILVERTop PLAYMining State Incentives for Companies Start-Up Activity • California ranked 4th in the US for • California offers mining companies • Several companies of varying size mineral pr
Slide 11: Calico Silver
CALICO SILVER Located in San Bernardino County, California COMBINATION OF THE WATERLOO AND LANGTRY PROPERTIES • The first time that the two assets have been under common ownership • 2,950 acres under control with combined 6,000 m mineralized strike • Mineralization open to depth and along strike LOC
Slide 12: Calico Silver: District scale mineral system endowment
CALICO SILVER District scale mineral system endowment • Significant past silver producer • Potential for gold enrichment not fully defined 12
Slide 13: Calico Silver: Vested mining rights will facilitate permitting
CALICO SILVER Vested mining rights will facilitate permitting • Patented/Private Lands o Both have received Certificate of Land Use Compliance vesting surface mining rights which exempts these lands from certain permitting requirements. • Unpatented Lands o BLM managed public lands that are open for
Slide 14: Calico Silver: Drilling Highlights
LANGTRY – Drilling Highlights • CAL-40 - 24.38m of 497.0 g/t Ag from 1.52m • CAL-194 - 36.57m of 197.8 g/t Ag from 88.39m CALICO • CAL-177 - 27.43m of 233.9 g/t Ag from 67.05m • CAL-38 - 27.43m of 193.0 g/t Ag from 73.15m • CAL-102 - 19.81m of 241.3 g/t Ag from 112.77m SILVER WATERLOO - Drilling Hig
Slide 15: Calico Silver: Waterloo
CALICO A A’ SILVER Waterloo • Amenable to low-strip Untested ratio surface mining techniques • Mineralization Expansion – a number of holes end in mineralization • High Grade – 40+m End in silver intersections of +100 g/t mineralization Ag 15
Slide 16: Calico Silver: Waterloo Prospective Lower Barstow Fm
CALICO B B’ SILVER Waterloo Prospective Lower Barstow Fm • Possible mineralization expansion – south of the Cascabel Fault the lower Barstow Fm remains largely untested • South of the Calico Fault the lower Barstow has never been tested - new discovery potential Unexplored Possible Lower Barstow Fm
Slide 17: Calico Silver: Waterloo 2021/2022 Preliminary Program
CALICO SILVER Waterloo Untested 2021/2022 Preliminary Program Summary • Geophysical surveying – IP u and airborne magnetics • Surface geological mapping and sampling • Historical data compilation and metallurgical data audit • Resource drilling • Analytical and metallurgical test work • Environmenta
Slide 18: Calico Silver: Langtry
CALICO SILVER Langtry • South and along strike of Langtry Resource Quaternary alluvium cover has not been adequately tested Unexplored Lower Barstow Fm? 18
Slide 19: Calico Silver: A solid foundation of historic data
ASARCO Original Assay vs Pan American Re-Assay (824 ASARCO pulps) CALICO 400 y = 0.9343x + 0.9648 SILVER R² = 0.9896 350 300 A solid foundation of 250 historic data ASARCO Assay Ag g/t 200 • Comparison assays between Asarco data and Pan American 150 data show excellent correlation • Minimizes amount
Slide 20: Metallurgical Testwork
Summary of Historical KEY TAKEAWAYS FROM METALLURGICAL Work HISTORICAL WORK TESTWORK (1,2,3) Both Asarco and Superior Oil Promising silver recoveries - 45% completed basis preliminary to 95% metallurgical work from 1965- • Limited advanced modern day test work completed to date 1979 Medium har
Slide 21: AZ Silver District Project
AZ SILVER DISTRICT PROJECT Located in La Paz County, Arizona DISTRICT SCALE POTENTIAL • 2,000+ acres including mineral title covering three major epithermal vein structures (West, Central, East) Calico • 13 km (8 miles) collective strike length • Under-explored land package PRIME JURISDICTION • Loca
Slide 22: Value Proposition: Market Capitalization
VALUE PROPOSITION C$1,000M Market Capitalization ($CAD) C$800M C$600M CLEAR PATH TO SIGNIFICANT RE-RATING C$400M C$200M C$0M New Pacific Silver Tiger AbraPlata Aftermath Silver One Apollo NUAG SLVR ABRA AAG SVE APGO (Bolivia) (Mexico) (Argentina) (Chile) (USA) (USA) Figures as at April 21, 2021. 1)
Slide 23: Catalyst Timeline
CATALYST TIMELINE Apollo is focused on near-term re-rating Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Historical data aggregation Executing an Define Calico resource development plan $200K aggressive technical Define AZ Silver exploration plan campaign at Calico Calico technical work (mapping,
Slide 24: Conclusion
CONCLUSION CONSOLIDATED ASSET SCALABILITY POTENTIAL PREMIUM MANAGEMENT PORTFOLIO PURE SILVER PLAY PRIMED FOR TEAM GROWTH • The Apollo team has compiled a top • Both the Calico and AZ Silver • Apollo is led by a team that has tier group of assets with limited projects sit on large properties extens
Slide 25: Apollo Silver
INVESTOR PRESENTATION SEPTEMBER 2021 APOLLO SILVER With our strong portfolio of projects, experienced and passionate team, and numbers that promise opportunity – we’re ready for our journey. We invite you to join us. REACH OUT TO US AT Apollo Silver Corp. #1507 – 1030 West Georgia St. Vancouver, BC
Slide 26: Appendices
APPENDICES INVESTOR PRESENTATION 26 MAY 2021
Slide 27: Calico Silver History
CALICO SILVER HISTORY HISTORICAL 1960-1994 1994-2020 (1882-1964) Waterloo Asarco establishes Stronghold signs Small high-grade Asarco acquires substantial operation, mining up Purchase claims in Calico Area resource of Pan American to 50tpd with avg. Agreement with in 1964 and disseminated acquires
Slide 28: AZ Silver History
AZ SILVER HISTORY HISTORICAL YUMA METALS NEW JERSEY ZINC ORBEX MINERALS MAGELLAN APOLLO (1883-1893) (1950-1973) (1973-1983) (1983-1997) (1) (2012-2020) (2021) Yuma Metals Historical recorded controls much of Orbex drills Magellan drills 3 production during the District and NJZ drills 260 core, 33 RC