Silver Mines Limited · ASX:SVL
Silver Mines — Shareholder Meeting (November 2009)
15 slides from Silver Mines's shareholder meeting presentation, Nov 30, 2009
Slide 1: Charles Straw CEO
For personal use only Charles Straw CEO
Slide 2: Forward looking statements and competent person
For personal use only This presentation contains forward looking statements that are subject to risk factors associated with mineral exploration. The information contained in this presentation is based on interpretations made by SVL’s qualified professional technical staff and should be considered i
Slide 3: The Company
• Silver Mines Limited (ASX:SVL, (ASX:SVL PLUS:SVLP) For personal use only THE COMPANY • A silver focused Australian explorer g y experienced senior team with track record of • Highly success in global mining industry • Expertise p includes pproject j ggeneration,, discovery, y, financingg and mine
Slide 4: The Market
For personal use only THE • Silver price continues to appreciate MARKET • Funding for juniors has ‘loosened’ loosened with investors seeking opportunities and funding becoming more available • SVL provides low cost entry point for investors seeking exposure to silver in Australia
Slide 5: Our Projects
For personal use only OUR • New England region of NSW is initial focus with over 1,300 km2 of highly prospective ground in under explored PROJECTS province • Webbs Silver Project (EL5674) continuing to deliver excellent results with real opportunity to develop a mine and processing plant • Other New
Slide 6: EL5674 Webbs Silver
For personal use only EL5674 • EL5674 (100% SVL) contains Webbs Silver Mine Webbs Silver • 2,000m 2 000m mineralised corridor contains high grade pods within broad mineralised system • Geochemistry, Geochemistry geology and geophysics have defined 8 high priority targets • Drilling to date (just und
Slide 7: Webbs Silver EL5674
For personal use only Webbs Silver EL5674
Slide 8: EL5674 Webbs Silver
• October 2009 drilling (1,665m (1 665m RC) will increase existing For personal use only EL5674 resource inventory Webbs Silver • Existing near surface mineralisation still open in all directions • Updated resource expected in early 2010 • Metallurgical studies continuing with results expected Decem
Slide 9: EL5674 Webbs Silver (Dumps)
• Historical dumps p mayy pprovide initial feed for small pplant For personal use only EL5674 • Resource estimate and metallurgy studies underway • Dumps contain material that has been crushed to <150mm Webbs Silver (Dumps)
Slide 10: EL6239
For personal use only EL6239 • A review of available data has identified two new conceptual Pb-Zn-Ag exploration targets at the Wellingrove-Tangoa Wellingrove Tangoa prospect named Tangoa South and Tangoa Southwest • Massive, Massive vein-hosted vein hosted, breccia breccia-fill fill and disseminate
Slide 11: Wellingrove-Tangoa prospect map
For personal use only 2009 AGM ' H 6,738,000 ; ; ; i © Wellingrove Prospect 2 A 7 Wellingrove North ng yi R ’ t © /Wellingrove Prospect 1 WEBBS CONSOLS MINE th Historical Production: i ~19,000 tonnes @ 7.5% in Pb, 10% Zn & 225g/t Ag i (Brown & Stroud 1997) i i 6,736,000 ’ ' WELLINGROVE PROSPECT Best
Slide 12: EL6269 JV with AOM
For personal use only EL6269 • SVL earning 50% of EL 6269, owned by AOM, by expending $95,000 on exploration (current expenditure JV with AOM is $65 $65,000) 000) • The work has concentrated on the old Walla Walla Ag- Zn-Pb Zn Pb mine - no modern exploration has been done on the old workings • Old w
Slide 13: JV with AOM EL6269
For personal use only JV with AOM EL6269
Slide 14: EL6269 JV with AOM
For personal use only EL6269 • All four lines show a chargeable zone starting at approximately 100 m below surface consistent with JV with AOM disseminated mineralisation • Overall strike length to the IP anomaly is 600 m and is open along strike • Follow-up geophysics will continue in December 2009
Slide 15: The Future
For personal use only The Future • SVL will continue to rapidly move Webbs Silver forward in 2010 • Development of mining and processing operation remains the focus in short term at Webbs • Maintain low cost operating expenditure in 2010 and beyond • Maintain tight capital structure • Provide invest