Silver Mines Limited · ASX:SVL
Silver Mines — Shareholder Meeting (November 2008)
31 slides from Silver Mines's shareholder meeting presentation, Nov 26, 2008
Slide 1: For personal use only
For personal use only
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
For personal use only THE • Silver Mines Limited (ASX:SVL, PLUS:SVLP) COMPANY • A silver focused Australian explorer • Australian Securities Exchange g ((ASX)) listed Jan 07 • Dual listed on London’s Plus-Quoted Market • Tightly held capital structure • 43 million FPO shares • 22 million $0.20 Nov 0
Slide 4: Our Team
For personal use only OUR • Technically and Technologically competent, results focused team – in 18 months from ASX listing provided TEAM justification for Scoping Study • Safety and Environmentally Responsible – understanding and managing our health and the health of the land are as fundamental as
Slide 5: Our Skills
For personal use only OUR • Focused on developing a team that doesn’t rely on external experts but uses them to fill knowledge gaps and SKILLS compliment own capabilities • Internal Investment and Development of core technical competencies in; • geophysics (IP and EM capability), • ggeochemistryy ((
Slide 6: Our Projects
• Our Projects lie in North-Eastern NSW in the For personal use only OUR southern New England Fold Belt (NEFB) PROJECTS • The area hosts many granite-related tin, arsenic and silver-rich p polymetallic y vein occurrences • Initial target is high grade silver rich polymetallic deposits that can be ev
Slide 7: 2008 Exploration
• During 2008 we have; For personal use only 2008 Exploration • Exploration – implemented our planned exploration programs very effectively. • Our New England projects have returned excellent results justifying further expenditure in 2009. • Our Technical Team has continued to deliver a high quality
Slide 8: 2008 Exploration Costs Breakdown
Total Exploration Costs - $2 250 000 $2,250,000 For personal use only 2008 Breakdown – Major j Costs Exploration • Drilling $1,500,000 • Geophysics $300,000 • Regional Work $200,000 • Equipment $110 000 $110,000 • Assays $60,000 • Environment $25,000 • Other $55,000
Slide 9: What has our expenditure delivered?
What has our expenditure delivered? For personal use only 2008 Exploration • Webbs Silver S has delivered a 4.5 million ounce silver inferred resource from 5,500m of drilling. • Target upgrades on all our Mole River prospects with 3 areas ready for detailed geophysics and drilling. • Much improved u
Slide 10: NSW Our Projects
For personal use only NSW OUR PROJECTS
Slide 11: Regional Geology
For personal use only Geology Regional
Slide 12: Regional Geophysics
For personal use only Regional Geophysics
Slide 13: Metallic Deposits Mineralisation
Metallic Deposits Mineralisation For personal use only
Slide 14: Historic Silver Deposits Silver Mineralisation
Historic Silver Deposits Silver For personal use only Mineralisation
Slide 15: Webbs Silver Mine
For personal use only Mine Webbs Silver
Slide 16: Webbs Silver Mine
For personal use only Mine Webbs Silver
Slide 17: Webbs Silver Mine
Webbs Silver • Historic Producer– estimated production from records For personal use only Mine • 50 000 tonnes o es mined ed be between ee 100-200m 00 00 levels e es • 10-20,000 tonnes treated, • 300,000 300 000 to 1 m ounces o nces sil silver er prod produced ced • good Zinc, Lead, Copper credits •
Slide 18: Webbs Silver Mine Underground Workings
Webbs Silver For personal use only Mine Underground g Workings g
Slide 19: Webbs Silver Mineralisation
Webbs Silver • Local geology For personal use only dominated by sediments Mineralisation • Bleaching indicative of mineralisation • Structurally and lithologically controlled en-echelon h l lodes l d • 3 veins ID’d at Webbs Main Mine • 2 phases of alteration/mineralisation • high grade silver associ
Slide 20: Webbs Silver SVL Exploration
Webbs Silver • 5 Key Prospects Identified to date For personal use only SVL Exploration • Co-incident geochemical (Zn, (Zn Ag, Ag Cu and As) and EM geophysics anomalies at 5 prospects • 4 prospects drilled to date – in 50 holes; 5,000m RC and 1,200m DD since July 2007 • Silver and base metal mineral
Slide 21: Webbs Silver Mine Drilling
93 holes drilled for 10,000m Total Webbs Silver For personal use only Mine Drilling
Slide 22: Webbs Silver South Drilling
Webbs Silver For personal use only SVL Exploration Webbs Silver South DRILLING
Slide 23: SVL Best Intersections
SVL Best Intersections Webbs Silver For personal use only SVL Exploration DRILLING
Slide 24: EM Geophysics
Webbs Silver • EM shows good For personal use only SVL Exploration targets coincident with geochemistry EM Geophysics and drilling • Extensions along strike of Webbs Silver South • Webbs Silver Central is untested
Slide 25: Mole River Projects
For personal use only Projects Mole River
Slide 26: Mole River Projects
Mole River • Exploration in 1980s and 1990s by WMC, Kennecott, For personal use only Projects Billiton, Shell targeted ‘Renison Bell’ style replacement tin deposits only • Silver and base metal mineralisation was not followed up • Geochemical anomalies have never been looked at in detail • Prospects
Slide 27: Mole River Projects Prospects
Mole River For personal use only Projects Prospects
Slide 28: Mole River Projects Aerial Magnetics
Mole River For personal use only Projects Aerial Magnetics • Coincident features at known deposits • New features warranting follow-up
Slide 29: Mole River Projects Aerial Radiometrics
Mole River For personal use only Projects Aerial Radiometrics (Total Count) • Coincident C i id t ffeatures t att kknown ddeposits it • New features warrantingg follow-upp • Possible blind intrusions identified
Slide 30: Summary
Summary New England Area of NSW offers excellent potential for For personal use only • identification of metallic mineral deposits • Exploration to date by Silver Mines Limited has provided very encouraging results, justifying expenditure to date • Opportunity for developing high grade mine at Webbs
Slide 31: 2009
2009 Remain focussed on achieving best value for money with For personal use only • our exploration programs in areas deemed to offer best chance off discovery • Remain focussed on continuing to move Webbs Silver Project forward • Remain R i focussed f d on implementing i l ti our strategy t t off d