Silver Bull Resources, Inc. · TSX:SVB
Silver Bull Resources — Investor Presentation (May 2018)
36 slides from Silver Bull Resources's investor presentation, May 2018
Slide 1: Corporate Presentation
N Silver Bull RESOURCES, INC.
Slide 2: Forward Looking Statements
Forward Looking Statements Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101.
Slide 3: Corporate Snapshot
Corporate Snapshot Capitalization Management & Directors Shares Outstanding 204,739,342 Tim Barry: President, CEO & Director Options/Warrants 34,515,325 Brian Edgar: Chairman Shares Fully Diluted 239,254,667 Daniel Kunz: Director Share Price (C$/share) $0.18 John McClintock: Director 52 Wk High – Lo
Slide 4: Investment Highlights & Catalysts
Investment Highlights & Catalysts • Joint Venture with South32 – one of the worlds largest Mining Companies (Mrk Cap of ~US$20B • US$10M in exploration to be funded by South32 over the next 4 years and an additional US$90M to be funded by South32 should they elect to move forward with the project •
Slide 5: South32 Joint Venture
South 32 Joint Venture • Joint Venture with one of the largest mining companies in the world - US$20B market cap • US$10M to go into exploration over the next 4 years at Sierra Mojada • At the end of 4 years South 32 have the option to for a 70:30 joint venture company which will own the Sierra Moja
Slide 6: Strategy
Strategy Explore for Sulphide Zn-Ag-Pb-Cu Mineralization • CRDs are 2nd largest contributor to Mexican silver production Taylor • Located on +2,000km long belt of carbonate rocks from SE Arizona (e.g., Arizona Mining’s Taylor) to SE Mexico • Sierra Mojada has typical CRD characteristics: – Fold/thru
Slide 7: Sierra Mojada Location Map
ba Sierra Mojada Location Map. Ne RESOURCES Silver Bull Resources, Inc. Location Map Sierra Mojada Project i ~ HIHUAHUA } * o | , 4 he, PY] \ & . +, \ MEXICO '* j / By MONTERREY “Be Sierra Mojada Project ? Pane » ; ° e City A ( . Prrnl i Trometros ra Mojada Project ° ed Lon URANGO P, kilometres
Slide 8: Abundant Infrastructure
Abundant Infrastructure Access, Power, Water 1 Rail Load Out Facilities 2 Paved Road 20km 3 1 2 N 4 Penoles Chemical Plant With Gas Pipeline 4 3 Camp
Slide 9: Sierra Mojada NI43-101 Resources
Sierra Mojada NI43-101 Resources Spatially Separate Zn Zone & Ag Zone Deposits
Slide 10: Sulphide Zones – East and West Zones
Sulphide Zones – East and West Zones East Zone ?? West Zone ?? 4km
Slide 11: West Zone Discovery Outcrops
West Zone Discovery Outcrops Underground High-Grade Ag+Zn+Cu+Pb Sulphide Mineralization 495g/t Ag, Zn 7.1%, Cu 1.1%, Pb 27% Ag-Cu-Pb-Zn Sulphide Mineralization
Slide 12: West Zone Sulphide Target
West Zone Sulphide Target Silver RESOURCES LEGEND Lae Zz 1 High Chargeability| High Grade Zinc Zone (Blue) oe i“ B11144—SULPHIDE DRILLHOLE 8.45m (from 193m) @ g/t Ag, 5.45% Pb, 17% Zn CHARGEABILITY SULPHIDE SAMPLE RESULTS Sample 26708: 268g/t Ag, 19% Pb, 19.65% Zn Sample 26709: 690g/t Ag, 1% Cu, 4.8
Slide 13: West Zone - Sulphide Zone Cross Section
West Zone - Sulphide Zone Cross Section
Slide 14: West Zone - Sulphide Zone Cross Section
West Zone - Sulphide Zone Cross Section
Slide 15: Sulphide Channel
X\ Sil ver Bull Sulphide Channel LEGEND © Dill collar ., _ Interpreted boundary of sulphide channel SECTION E630400 SECTION E630300 = menses SECTION E630200 SECTION E630000 Location of __ Section Lines ~
Slide 16: West Zone - Sulphide Zone Recent Drill Results
West Zone - Sulphide Zone Recent Drill Results • T17002 – 25.5 meters @ 294g/t Ag and 0.96% Cu • T17003 – 16 meters @ 396g/t Ag and 1.61% Cu • T17004 – 7 meters @ 370g/t Ag and 0.85% Cu • T17006 – 4.8 meters @ 352g/t Ag and 0.58% Cu • T17009 – 3 meters @ 537g/t Ag and 1.06% Cu • T17010 – 9 meters @
Slide 17: West Zone - Drill Results – Plan View
West Zone - Drill Results – Plan View
Slide 18: West Sulphide Zone Extension
West Sulphide Zone Extension 18
Slide 19: West Zone - Sulphide Zone Extension
West Zone - Sulphide Zone Extension In-situ Sulphide Ag±Zn±Pb±Cu Mineralization 1m 0.5m
Slide 20: Eastern Extension
Eastern Extension High Grade Sulphide Mineralization 1m 1m
Slide 21: Immediate Sulphide Drill Targets
Immediate Sulphide drill Targets 2km 2km
Slide 22: Sulphide Zone
Sulphide Zone New Extension adds an additional 350m Along Strike to the area recently drilled HISTORICAL DRILL RESULTS SELECT RESULTS RECENT DRILLING – WEST ZONE B11144 – 8.45m (from 193m) @ 17% Zn, 5.45% Pb, 60g/t Ag T17002 – 25.5 meters @ 294g/t Ag and 0.96% Cu T17003 – 16 meters @ 396g/t Ag and 1
Slide 23: Sierra Mojada Project Map
Sierra Mojada Project Map +30km Strike of Known Ag-Zn-Pb-Cu Mineralization
Slide 24: Palomas Negros
Palomas Negros Silver Bull RESOURCES, INC. | Approximate trace of | LEGEND the Sierra Mojada Fault al — Areas Targeted for Follow up Palomas Negros f rra Mojada Project, Parrena, Sulphide Hole y oak
Slide 25: Palomas Negros – Recent Sampling
Palomas Negros – Recent Sampling
Slide 26: Palomas Negros Target
Palomas Negros Target sient el RESOURCES, INC
Slide 27: Investment Highlights & Catalysts
Investment Highlights & Catalysts • Joint Venture with South32 – one of the worlds largest Mining Companies (Mkt Cap of ~$20B • $10M in exploration to be funded by South32 over the next 4 years and an additional $90M to be funded by South32 should they elect to move forward with the project • Commod
Slide 28: Appendix
APPENDIX 28
Slide 29: Board & Management Bios
Board & Management Bios Brian Edgar, Chairman: Mr. Edgar is a corporate/securities lawyer with broad resource industry and investment experience. He established Rand Edgar Capital Corp. (succeeded by Rand Edgar Investment Corp. in Dome Ventures Corporation. He served as Dome's President and CEO from
Slide 30: Sierra Mojada Project Summary
Sierra Mojada Project Summary Large Oxide Resource, Sulphide Prospectivity Proven • Sierra Mojada is a CRD deposit • Zn-Ag-Pb-Cu discovered and Schematic Mineralization Model Cross- Section Looking South mined from 1879-1990 2: South Verging Thrust Fault • 2015 NI43-101 global M&I NI43-101 Resource
Slide 31: Global Resource – June 2015
Global Resource – June 2015 NI43-101 Technical Report On The Resources Of The Sierra Mojada Project Coahuila, Mexico Tonnes Ag Zn Cu Pb Category Ag (g/t) Zn (%) Cu (%) Pb (%) NSR ($/t) (Mt) (Moz) (Mlb) (MLb) (Mlb) Measured 36.5 48.5 4.6 0.05 0.3 46.9 55.0 3,689.7 36.8 277.1 Indicated 22.2 51.6 2.0 0
Slide 32: Silver Zone Resource
Silver Zone Resource Sensitivity to Grade Cut-Off Tonnes Ag Zn Cu Pb Ag Zn Cu Pb Category Ag Cutoff (g/t) (Mt) (g/t) (%) (%) (%) (Moz) (Mlb) (Mlb) (Mlb) 25.00 19.50 79.50 2.40 0.08 0.46 49.80 1,027.30 32.30 198.10 35.00 15.10 93.80 2.20 0.09 0.50 45.60 718.30 30.20 166.20 45.00 11.90 108.30 2.10 0.1
Slide 33: Zinc Zone Resource
Zinc Zone Resource Sensitivity to Grade Cut-Off Tonnes Zn Ag Cu Pb Zn Ag Cu Pb Category Zn Cutoff (%) (Mt) (%) (g/t) (%) (%) (Mlb) (Moz) (Mlb) (Mlb) 4.00 13.10 9.10 23.90 0.02 0.37 2,637.30 10.10 5.80 106.30 6.00 8.80 11.20 19.70 0.02 0.34 2,171.60 5.60 3.10 66.80 8.00 6.20 13.00 16.40 0.01 0.30 1,7
Slide 34: Silver Zone & Zinc Zone Deposits
Silver Zone & Zinc Zone Deposits Summary Metallurgical Options • Metallurgical testwork demonstrates technically viable processing options for Silver Zone and Zinc Zone deposits • 3:1 C:Zn; 12.5% Zn, 86.9% • Crush, grind, VAT leach Leach 1200oC fumed (100g) • Merrill Crow -> silver dore • 4:1 C:Zn;
Slide 35: Silver Zone Metallurgical Testwork
Silver Zone Metallurgical Testwork • Conventional 3 stage crush → primary ball mill grind → cyanide leach (24 hrs) → Merril Crowe silver precipitation → bio-SART process plant and reagent facility → cyanide destruction → Ag dore (75% recovery) & Zn sulphide (64% Zn concentrate) • SART (sulfidization
Slide 36: Zinc Zone Processing Options
Zinc Zone Processing Options • Key Takeaway – there is a viable processing route for the Zinc Zone deposit using a rotary kiln, the Waelz Kiln (which was first used in the early 1900s), to recovery Zn via volatization – SVB tested samples with recoveries of +90% at temperatures of 1,200 to 1,300oC •
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