Southern Silver Exploration Corp. · TSXV:SSV
Southern Silver Exploration — Investor Presentation (June 2025)
23 slides from Southern Silver Exploration's investor presentation, June 2025
Slide 1: Developing the Cerro Las Minitas Project into the Next Major Silver Mine in Mexico
Developing the Cerro Las Minitas Project into the Next Major Silver Mine in Mexico Corporate Presentation June, 2025 SSV: TSX-V SSVFF: OTCQX www.southernsilverexploration.com www.southernsilverexploration.com TSX-V: SSV OTCQX: SSVFF
Slide 2: Forward Looking Statements and Technical Disclosure
Forward Looking Statements and Technical Disclosure Some of the statements contained in this presentation may be deemed “forward-looking All mineral resources have been estimated in accordance with Canadian Institute of Mining and statements.” These include estimates and statements that describe the
Slide 3: Key Highlights
Southern Silver Exploration Corp Key Highlights Focused on developing the Cerro Las Minitas (CLM) Ag-Cu-Pb-Zn project located in Durango, Mexico One of the Largest and Highest Corporate Highlights New Acquisition Provides Grade Undeveloped Silver 2024 PEA Highlights Further Upside Opportunities Proj
Slide 4: Capital Markets Profile
Capital Markets Profile Focused on developing the Cerro Las Minitas (CLM) Ag-Cu-Pb-Zn project located in Durango, Mexico Capital Structure Share Price and Volume (Last 24 Months) Ticker TSX.V:SSV Share Price (May 07, 2025) C$0.21 Current Shares Outstanding 330.3M Options 25.0M Warrants 55.4M Fully D
Slide 5: Management Team and Board
Management Team and Board Experienced Mine Finders with a History of Success in Mexico Lawrence Page (LL.B, KC) • Director and Officer of a number of public prominent exploration and mining companies President, Director • Major Projects and Mines involvement: Penasquito, Mexico; Hemlo and Eskay Cree
Slide 6: Project Portfolio
Project Portfolio District Scale Exploration & Development Cerro Las Minitas, Durango, Mexico • 100% owned • Silver-enriched Skarn/CRD deposits • +US$28M spent on acquisition and exploration since 2011 • Further Upside on both Exploration and Engineering basis Nazas Project, Durango, Mexico • Option
Slide 7: Cerro Las Minitas: One of the Largest and Highest Grade Undeveloped Silver Assets
Cerro Las Minitas One of the Largest and Highest Grade Undeveloped Silver Assets in the World The CLM project remains a leader in the Grade vs Tonnage curve among global peer deposits(1)(2) NOTE: Data as of September 3, 2024 from S&P Capital IQ; Based on long-term consensus pricing (as of January 23
Slide 8: Brief History
Cerro Las Minitas Brief History Exploration of the property SSV entered into an option SSV released MRE for CLM SSV released updated MRE SSV released updated Resource agreement for CLM and began • ‘16: 110MozAgEq in MI&I and PEA exploration • ‘18: 209Moz AgEq in MI&I • MRE: 302Moz AgEq in MI&I(1) •
Slide 9: Infrastructure and Access
Cerro Las Minitas Infrastructure and Access Well Located in an Active Exploration and Development Jurisdiction Knowledgeable and Supportive Local Community with Superior Infrastructure • Safe jurisdiction, around non-narcotic related agriculture • Exploration permits in place • Located 70km NE of Du
Slide 10: Looking North from the Autopista (Highway)
Cerro Las Minitas Looking North from the Autopista (Highway) www.southernsilverexploration.com www.southernsilverexploration.com 10 TSX-V: SSV OTCQX: SSVFF
Slide 11: Site Geology and Deposit Distribution
Cerro Las Minitas Site Geology and Deposit Distribution A classic Ag-Pb-Zn CRD/Skarn system similar to major polymetallic Seven deposits make up the current Mineral Resources Mexican deposits • Mineralization is localized in sub-vertical structures and on dyke margins in • A Central Monzonite acts a
Slide 12: 2024 Mineral Resource Estimate
Cerro Las Minitas 2024 Mineral Resource Estimate 2024 Mineral Resource Estimate (as of March 20, 2024 using a US$60/t NSR cut-off) Indicated Resources Average Grade Contained Metal Zone Tonnes Ag Au Pb Zn Cu AgEq NSR Ag TrOz Au TrOz Pb Zn Cu Lbs AgEq TrOz (Kt) (g/t) (g/t) (%) (%) (%) (g/t) (US$/t) (
Slide 13: Project Economics – Production Schedule and Cash Flow
Cerro Las Minitas Project Economics – Production Schedule and Cash Flow Modelled LOM Production(1)(2): 29.5 Mt @ 104 g/t Ag, 0.11g/t Au, 0.19 % Cu, Operating Statistics 1.06 % Pb, and 2.41 % Zn - Average NSR of $US 131/t Mine Life (years) 17+ years Avg. Ag Head Grade (g/t) 104.1 Avg. AgEq Head Grade
Slide 14: Potential Resource Expansion
Cerro Las Minitas Potential Resource Expansion Several Shallow Extensions to Existing Deposits Remain to be Tested Drilling to Target Resource Expansion in the Eastern and Northern Deposits (1) Proof of concept drilling in Q4 2024 identified thick sulphide intercepts down-dip of the main mineralized
Slide 15: Illustrative Development Timeline
Cerro Las Minitas Illustrative Development Timeline • SSV worked with permitting and technical experts to develop a regulatory and permitting timeline, which reflects a less than five-year pathway to a Final Investment Decisions (“FID”) • Baseline data collection and project derisking is underway In
Slide 16: Potential Economic Updates
Cerro Las Minitas Potential Economic Updates The PEA has modelled robust annual average cashflow particularly in the first eight years of mine-life. Further work could enhance the profitability of the project Further Opportunities ESG and Permitting Mine life extension: Continuing on the Pathway to
Slide 17: Nazas Project – New Acquisition
Nazas Project New Acquisition The Nazas Acquisition Represents a New High-Quality Exploration Project in an Emerging Mining District • Located on the eastern flank of the Sierra Madre Occidental mountain range in north-central Durango State, Mexico. The property is accessible by road from the City o
Slide 18: Nazas Project – Pitarilla Exploration Analogue
Nazas Project Pitarilla – Exploration Analogue Pitarilla Deposit – Exploration Analogue • One of the largest undeveloped Silver Resources in Mexico • Endeavor Silver Corp. acquired the Pitarilla Project from SSR Mining Inc. in July 2022 • +800Mozs AgEq – both Sulphide and Oxide resources • Mineraliz
Slide 19: Nazas Project – New Acquisition
Nazas Project New Acquisition • 5 claims totaling 2,189ha with similar geology to the Pitarilla Mineralizing system • High potential for significant deposits: – Oxide Au-Ag (bulk-tonnage) near surface – Structurally controlled high-grade Ag-Au-sulphide veins at depth – Porphyry Cu-Mo-Au target at Ye
Slide 20: Nazas – Exploration Targets
Nazas Project Nazas – Exploration Targets Multiple Exploration Targets Identified on the Nazas Property • Widespread surface mapping/sampling and follow-up geophysical surveys have identified four separate drilling targets on the Nazas property: Yerbabuena – Yescas, – Canonctio, – Dikes Estrellas, D
Slide 21: Oro and Hermanas Projects
Oro and Hermanas Projects US Exploration Southern continues to advance two earlier stage projects in southern New Mexico, giving the shareholder additional exposure to copper, gold and silver • Oro Project – Large Laramide Cu-Mo-Au Porphyry – 100% Owned – +22.4 sq. km property – large zoned porphyry
Slide 22: Why Southern Silver
Why Southern Silver Underground Mine Infrastructure-Rich Sizable Silver-Zinc Significant Project New Acquisition in World Class District Development Upside Creates Further Mining District CLM is adjacent to CLM is one of the Value enhancing Upside opportunities CLM is in a safe and the interstate hi
Slide 23: Southern Silver Notes
Southern Silver Notes www.southernsilverexploration.com www.southernsilverexploration.com 23 TSX-V: SSV OTCQX: SSVFF
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