Silver Mines Limited · ASX:SVL
Silver Mines — Investor Presentation (March 2018)
33 slides from Silver Mines's investor presentation, March 2018
Slide 1: ASX:SVL Corporate Presentation March 2018
ASX:SVL Corporate Presentation March 2018
Slide 2: Disclaimer
Disclaimer The material in this presentation contains certain forecasts and forward-looking information, including regarding possible or assumed future performance or potential growth of Silver Mines Limited (“SVL”). Such information is not a guarantee of future performance and involves unknown risk
Slide 3: Silver Mines Limited Introduction
Silver Mines Limited Introduction • Late Stage Feasibility for the development of one of the largest undeveloped precious metals deposits in Australia and one of the largest new silver developments globally. • Recent major resource upgrade with 275 Moz silver equivalent resource confirmed including
Slide 4: Silver Mines Limited Snapshot
Silver Mines Limited Snapshot Capital Structure ASX:SVL Shares on Issue 444.0m Options Current Share Price A$0.045 Jun 2018 @ $0.30 10.7m Undiluted Market Capitalisation A$20.0m Jun 2019 @ $0.30 9.0m Cash end Dec 2017 A$1.5m 3 year milestone @ $0.20 5.0m Directors (refer to Appendix 4) Institutional
Slide 5: Quality Jurisdiction
Quality Jurisdiction TAS Wy New South Wales > SILVER MINES LIMITED
Slide 6: Bowdens Silver: The Largest Undeveloped Silver Project in Australia
Bowdens Silver The Largest Undeveloped Silver Project in Australia 6
Slide 7: The Permian of Eastern Australia
The Permian of Eastern Australia • The Permian volcanics of eastern Australia contain high-grade, epithermal and porphyry related gold, copper, silver and base-metal deposits. • The Bowdens Silver Project is a SILVER rich system but has geological affinities to GOLD and COPPER rich deposits such as
Slide 8: Regional Geology
Regional Geology • Extensive tenement holding (1,654 km2 = 408,000 acres). • Northeast corner of Lachlan Fold Belt, coal bearing Sydney and Gunnedah basins to the east. • Wide range of prospective deposit types over different time periods (Siluro-Devonian, Carboniferous, Permian). • Bowdens Silver e
Slide 9: Quality Jurisdiction
Quality Jurisdiction • New South Wales, Australia a quality jurisdiction. • Major minerals projects in the state include; • Cadia/Ridgeway, Newcrest (650,000oz Au, 65,000t Cu pa). • Cowel, Evolution (260,000oz Au pa). • Northparkes, CMOC (60,000t Cu, 50,000oz Au pa). • Plus coal mining exports (170
Slide 10: Drilling
Drilling Silver Mines drilling has focused on: • Both infill and extensional drilling. • Oriented core drilling enabling a detailed structural interpretation of high-grade zones. • Drilling intersecting basement Ordovician rocks resulting in new discoveries at depth. • Metallurgical drilling complet
Slide 11: Bowdens Silver Resource (as at September 2017)
Bowdens Silver Resource (as at September 2017) 30 g/t Ag Eq Cut Tonnes Silver Silver Zinc Lead Million Million (Mt) Eq. (g/t) (%) (% ) Ounces Ounces (g/t) Silver Silver Eq. Measured 76 72 45 0.37 0.25 111 175 Indicated 29 59 31 0.38 0.25 29 55 Measured & Indicated 105 68 41 0.37 0.25 140 230 Inferre
Slide 12: Bowdens Silver Resource (as at September 2017)
Bowdens Silver Resource (as at September 2017 ) Cut off g/t Ag Eq Tonnes Silver Silver Zinc Lead Million Million (Mt) Eq. (g/t) (%) (% ) Ounces Ounces (g/t) Silver Silver Eq. 60 46.1 106.3 69.1 0.51 0.36 102 158 80 25.1 135.5 93.4 0.57 0.42 75 109 100 15.1 163.7 117.5 0.62 0.47 57 80 120 9.6 192.3 1
Slide 13: Block Model
13 Block Model Bowdens Silver Project [ soma 2 =" Section 10450mN + 12.5m ~ F-tcomat (1 Recent dril hole 200m yp SIL ~ MINES Bowdens Silver Project Section 10525mN + 12.5m.
Slide 14: Bowdens Silver Fast Track through Feasibility to Development
Bowdens Silver Fast Track through Feasibility to Development Mine plan to initially focus on high-grade / near surface 14
Slide 15: Bowdens Silver Project Development
Bowdens Silver Project Development • Classified as “State Significant Development” in New South Wales. • Feasibility Study works by GR Engineering, AMC and ATC Williams. • Smaller, more robust lower impact development planned. • 2.0 million tonnes per annum ore. • Production around 5 million ounces
Slide 16: Bowdens Silver Development
Bowdens Silver Development 16
Slide 17: Bowdens Silver Exploration Upside: Building a World Class Mineral Field
Bowdens Silver Exploration Upside ̶ Building a World Class Mineral Field 17
Slide 18: Drilling: Resource extensions at depth
Drilling: Resource extensions at depth 18
Slide 19: Massive Sulphide Discovery – Bowdens Deeps
Massive Sulphide Discovery – Bowdens Deeps • Massive to semi-massive sulphide discovery. • ~100 metres below the previous resource. • Mineralised zone over 315 metres. • Significant gold content. • Results include: • 31.25m @ 3.24% Zn, 1.88% Pb, 23g/t Ag, 0.4g/t Au (218g/t AgEq) including; • 18.25m
Slide 20: High Grade Silver Under the Planned Pit
High Grade Silver Under the Planned Pit 20
Slide 21: Discovery of Porphyritic Intrusion – Bowdens Deeps
Discovery of Porphyritic Intrusion – Bowdens Deeps • Significant discovery of porphyritic felsic intrusion beneath the Bowdens Silver deposit. • The intrusion is associated with strong metal zonation consistent with potential porphyry associated gold- copper mineralisation. • Highly anomalous molybd
Slide 22: Unlocking a Major Mineralised System
Unlocking a Major Mineralised System 22
Slide 23: Regional Targets
Regional Targets • Over 60 kilometre strike length of mineral belt controlled by Silver Mines. • Silver Mines has: – Undertaken detailed aeromagnetics. – Conducted extensive mapping and sampling programs. – Generated new targets of significant scale. • Mineral deposit styles / potential include: – B
Slide 24: Barabolar Regional Project
Barabolar Regional Project • Barabolar Project area located 10 kilometres northwest of the Bowdens Silver Deposit. • 9000 x 2000 metre corridor of base-metal and silver soil anomalies. Cringle Prospect (silver) • Mineralised skarn mapped over 3500 by 800 metres. • Porphyry system type alteration ass
Slide 25: Kia Ora Skarn (Barabolar Project)
Kia Ora Skarn (Barabolar Project) • Copper-Gold-Zinc-Lead-Silver Skarn. • Mapped mineralised skarn over 3500 by 800 metres. • Associated porphyry with chalcopyrite. • Historic RAB drilling on periphery with Cu-Zn-Pb-Ag mineralisation. • Main skarn not tested. • Rock-chips with high grade Au-Cu-Zn. •
Slide 26: Athlone Prospect
Athlone Prospect • Newly identified Au-Ag-Zn anomaly over 1200 metres. Soil Geochemistry >90 percentile in soils • Targeting Volcanogenic Massive Lead Sulphide (VMS). Zinc • Manganese / barium gossans Silver elevate in zinc. Gold • Quartz veins with visible gold. • Magnetic anomaly over 2500 Zn-Ba-M
Slide 27: Summary
Summary Largest undeveloped silver deposit in Australia and one of the largest globally - extensive exploration play. Completion of maiden Reserve Statement April. Completion of Feasibility Study April. Exemplary geometry for low-strip ratio open pit. Confirmed significant extensions to mi
Slide 28: For further information please contact: Anthony McClure, Managing Director
For further information please contact: Anthony McClure, Managing Director 28
Slide 29: Appendix 1 - Silver Mines Resource Inventory
Appendix 1 - Silver Mines Resource Inventory Deposit name Tonnes Silver Eq. Silver Silver Silver Eq. Status (Mt) (g/t) (g/t) (Moz) (Moz) Bowdens Silver 128 67 40 163 275 100% owned Webbs1 1.5 345 245 11.7 16.5 100% owned Conrad1 2.6 206 105.4 9.0 17.5 100% owned Total 184 309 1. For further informat
Slide 30: Appendix 2 – Bowdens Silver Resource
Appendix 2 – Bowdens Silver Resource 30 g/t Ag Eq Cut Tonnes Silver Silver Zinc Lead Million Million (Mt) Eq. (g/t) (%) (% ) Ounces Ounces (g/t) Silver Silver Eq. Measured 76 72 45 0.37 0.25 111 175 Indicated 29 59 31 0.38 0.25 29 55 Measured & Indicated 105 68 41 0.37 0.25 140 230 Inferred 23 60 31
Slide 31: Appendix 3 - Bowdens Silver Resource
Appendix 3 - Bowdens Silver Resource Cut off g/t Ag Eq Tonnes Silver Silver Zinc Lead Million Million (Mt) Eq. (g/t) (%) (% ) Ounces Ounces (g/t) Silver Silver Eq. 0 397.2 30.7 17.6 0.18 0.12 225 392 10 261.7 43.7 25.2 0.26 0.17 212 368 20 185.2 54.6 31.7 0.32 0.21 189 325 30 127.9 66.8 39.6 0.38 0.
Slide 32: Appendix 4 – Board of Directors
Appendix 4 ̶ Board of Directors Keith Perrett, Chairman Mr Perrett has had a long involvement in agriculture as a producer and industry leader at local, state, national and international levels. He was formerly Chairman of the Grains Research and Development Corporation (GRDC), the National Rural Ad
Slide 33: Competent Persons Statements
Competent Persons Statements Bowdens Silver Resource Estimation The information in this report that relates to mineral resources is based on work compiled by Mr Arnold van der Heyden who is a Director of H & S Consultants Pty Ltd. Mr van der Heyden is a member and Chartered Professional (Geology) of