Investigator Silver Limited · ASX:IVR

Investigator Silver — Investigator Resources — Sydney RIU Conference 2023

17 slides from Investigator Silver's conference presentation, May 11, 2023

  1. Slide 1: Thinking Silver? Think Investigator.

    For personal use only Thinking Silver? Think Investigator. Advancing Australia’s highest grade Silver project. Sydney RIU Conference Presentation 11 May 2023 ASX:IVR

  2. Slide 2: Disclaimer

    Disclaimer The information in this presentation is published to inform you about Investigator Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual re

  3. Slide 3: What do you need to know about Investigator?

    What do you need to know about Investigator? • South Australia focus - 8,500km2 For personal use only • Paris Silver Project: • Australia’s highest grade primary Ag project • 53Moz Ag + 98kt Pb - JORC (2012) Resource #1 • Resource extension drilling completed • Resource update in June • PFS complete

  4. Slide 4: What you need to know about Investigator? cont

    What you need to know about Investigator?.…cont Capital - 28 April 2023 Shares – ordinary 1,437M For personal use only Listed Options (6.3c, exp Mar 2025) 232M Unlisted Options (9.7c, exp Dec 2024) 28.5M Share Price 6.3c Market Cap $90M Cash (as at 31 March 2023) $5.5M Share Register - 31 Mar 2023 J

  5. Slide 5: Silver: Increasing industrial demand

    Silver: Increasing industrial demand…. A few silver facts…..both a precious and an industrial metal * For personal use only • Traditional store of wealth • The most electrically conductive metal • Circuit boards, semiconductors • Every solar panel contains ~1oz Ag • Every electric vehicle (EV) conta

  6. Slide 6: Paris Silver Project – 100% IVR

    Paris Silver Project – 100% IVR Pre Tax NPV8: Pre-Feasibility Study #2 For personal use only A$202 to A$245 Million Paris – the highest grade undeveloped primary silver IRR: project in Australia. 47.9% to 54.1% • PFS results based on silver recovery only Project Life • 2 scenarios: 5 to 7 years • Ba

  7. Slide 7: For personal use only

    For personal use only 7 Investigator Resources Limited – Sydney RIU Presentation - 11 May 2023

  8. Slide 8: Paris Silver Project – Key Metrics

    Paris Silver Project – Key Metrics Mining: For personal use only • Simple open pit, ~120m deep • Anticipate 70% dig/rip, limited drill & blast Processing: • Conventional 3-stage crush & grind • Cyanide leach • Merrill Crowe silver recovery, doré bars • Dry stacked tailings disposal Infrastructure: •

  9. Slide 9: Paris Silver Project – Definitive Feasibility Study

    Paris Silver Project – Definitive Feasibility Study • Southern resource extension • Access granted to restricted area For personal use only • 7,100m drilling - completed Feb 2023 • 250m strike extension, silver in last holes • Revised resource estimate June • Metallurgical optimisation • Crushing &

  10. Slide 10: Paris Silver Project - Exploration within 5km of deposit

    Paris Silver Project - Exploration within 5km of deposit Success in early 2022 RC drilling: For personal use only • @ Apollo: • 8m @ 1,262g/t Ag from 149m; incl. • 3m @ 3,167g/t Ag #3 • Highest Ag grade outside Paris • Mineralogically identical to Paris • @ Ares: • 39m @ 1.26% Zn from 21m; incl. • 1

  11. Slide 11: Investigator – SA Regional Opportunities

    Investigator – SA Regional Opportunities Uno Morgans tenements: 80km east of Paris For personal use only • Similar structural/geologic setting to Paris • Silver, Gold & Base metal potential • 3,300m RC drilling in 2022 • 24 of 27 holes intersected mineralisation #4 • 12m @ 240g/t silver from 78m (12

  12. Slide 12: Diversification – Molyhil Tungsten/Molybdenum Project - NT

    Diversification – Molyhil Tungsten/Molybdenum Project - NT • 3 stage Earn-In to Joint Venture with Thor Energy (ASX:THR) • Stage 1 - $1M over 18 months to earn 25% Molyhil interest (& 40% Bonya) For personal use only • JORC 2012 resource estimate #5: • 4.71Mt @ 0.28% WO3 and 0.14% Mo for 13.3kt WO3

  13. Slide 13: Investigator - Value Proposition

    Investigator - Value Proposition • Silver exposure – Paris is the highest-grade undeveloped Ag project in Australia For personal use only • Robust project PFS financials, opportunities to enhance - DFS in progress • Regional exploration targets with potential to augment Paris • Stable jurisdiction,

  14. Slide 14: Thank you

    For personal use only Thank you • Andrew McIlwain, Managing Director • 47 King Street, Norwood SA 5067 Thinking Silver? Think Investigator.… • • +61 (0) 8 7325 2222 amcilwain@investres.com.au • www.investres.com.au 14 Investigator Resources Limited – Sydney RIU Presentation - 11 May 2023

  15. Slide 15: Appendix – Paris Mineral Resource Estimate

    Appendix 1 – Paris Mineral Resource Estimate #7 For personal use only Category Mt Ag ppm Pb % Ag Mozs Pb Kt Indicated 12.7 95 0.60 38.8 76.1 Inferred 6.1 72 0.35 14.2 21.4 Total 18.8 88 0.52 53.1 97.6 Table 1: 2021 Paris Silver Project Mineral Resource estimate (30g/t silver cut-off grade). (Note: T

  16. Slide 16: Appendix – Molyhil Earn-In to JV Agreement

    Appendix 2 – Molyhil Earn-In to JV Agreement #8 General Terms • 3 stage Earn-In to Joint Venture with Thor Mining (ASX:THR) For personal use only • Stage 1: • Payment to Thor of $100,000 on execution of Heads of Agreement documentation • Expenditure of $1M over 18 months (includes $100k HoA fee abov

  17. Slide 17: Appendix – Molyhil Mineral Resource Estimate

    Appendix 3 – Molyhil Mineral Resource Estimate #9 ‘000 WO3 Mo Cu Fe Grade Category Tonnes Tonnes Tonnes For personal use only Tonnes Grade % Grade % Grade % % Measured 464 0.28 1,300 0.13 600 0.06 280 19.12 Indicated 2,932 0.27 7,920 0.09 2,630 0.05 1,470 18.48 Inferred 990 0.26 2,580 0.12 1,170 0.0

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