Silver Mines : North America Investor Presentation

About this update from Silver Mines Limited

For personal use only INVESTOR MARKETING Precious Metals Summit Beaver Creek Jo Battershill - Managing Director September 10, 2024 WHY INVEST IN SILVER MINES LIMITED only projects use One of the world's largest, undeveloped silver Resource of 189Moz silver (396 Moz AgEq) 1 personal Reserve of 66Moz silver (97 Moz AgEq) supports production of ~53Moz silver over 16-yrs 1 Optimisation program underway anticipated to be finalised in H2 2024 For Options for update of NSW Development Application at Bowdens under review Extensive tenement holdings - 2,115km 2 at Bowdens and 747km 2 at Tuena Bowdens Silver mineralisation remains open with outstanding drilling results along strike and at depth Drilling expected to commence at Bara Creek in H2 targeting Bowdens analogy (collapsed caldera) Drilling targets identified at Tuena Well positioned for continued momentum in a positive silver price environment 1. Refer to Appendices 1 & 2 3 For personal use only SILVER MINES LIMITED CORPORATE INFORMATION Share Trading History 0.35 35 0.30 30 (A$/sh) 0.25 25 (US$/oz) 0.20 20 SVL 0.15 15 XAG 0.10 10 SVL XAG 0.05 5 Average daily volume of 4.6m shares 0.00 0 0.40 0.35 0.30 SVL strongly correlated to the US$ silver price R² = 0.5963 (A$/sh) 0.20 0.25 SVL 0.15 0.10 0.05 0.00 10 15 20 25 30 35 XAG (US$/oz) Capital Structure (ASX: SVL) AUD USD Shares on Issue (m) 1,510 1,510 Share Price ($) 9 Sept 0.09 Undiluted Market Capitalisation ($m) 135.7 90.3 Cash ($m, as at end June 2024) 9.5 6.2 Enterprise Value ($m) 126.2 84.1 Options ESOP @ A$0.30 Dec 2024 9.0m ESOP @ A$0.30 Mar 2026 2.5m ESOP @ A$0.50 Mar 2028 2.5m 3 Year Milestone @ A$0.20 5.0m Executive Performance Rights 12.0m Directors Keith Perrett Non-Executive Chairman Jonathan Battershill Managing Director Kristen Podagiel Non-Executive Director Rob Dennis Non-Executive Director 4 SILVER MINES LIMITED ENVIRONMENTAL, SOCIAL AND GOVERNANCE For personal use only Strong commitments to ESG through collection of detailed baseline environmental and social information Governance policies ensure compliance with ASX corporate standards and promote a safe, non- discriminatory, diverse and inclusive workplace Silver Mines Limited now Digbee ESG Certified Digbee ESG is the industry standard disclosure framework for the mining industry Highly credible score of BBB reflecting robust process of technical design, environmental and social impact studies, assessment and consultation 5 onlyuse SILVER METAL OF THE FUTURE personalFor SILVER WHY SILVER? For personal use only Unique conductive and chemical properties An important industrial metal with integral roles in electrical applications in green technologies Global efforts to decarbonize and electrify will contribute to increased silver demand: Solar powered renewable energy Electric vehicles - solid state Ag-C batteries Broadband cellular (5G) A safe haven in times Portfolio Hedge against of geopolitical risk diversification inflation A store of value Universal recognition A tangible and wealth with good liquidity asset for over 4,000 yrs 7 For personal use only SILVER THE METAL OF INNOVATION Growing industrial demand from global transition to decarbonisation and electrification 16% of demand in 21% of demand in Batteries Water purification photovoltaics electrical applications* ► Anti-bacterial ► Dentistry properties ► Therapeutics ► Biomedical 5G networks Medical & sanitary ► Medical imaging devices applications Jewellery Molecular diagnostics Properties Highest electrical conductivity of all metals Highest thermal conductivity of all metals The best reflector of visible light Important component for 5G networks Anti-bacterial Malleable and ductile * Excluding Photovoltaics 8 SILVER KEY STATISTICS / SUPPLY & DEMAND Mine Recyling 18% production 82% use only ~1,220M annual ► Industrial applications: electronics | solar | medicine | water consumption purification | window manufacturing ~830M annual Silver price CAGR mine production 7.8% since 2003 low vs US average annual CPI 2.5% Deficit Cumulative deficit of 543Moz 2021 - 2023 215Moz forecast in 2024 ► Five distinct periods of silver demand, three that are strengthening: Silver supply 1,010 Photography Silverware 5% 2% Investment For personal 82% of annual silver supply sourced from mining 18% of annual silver supply sourced from recycling 85:1 silver : gold price ratio (Long term average 60:1) 7:1 silver : gold mine supply ratio 5:1 gold : silver daily traded value ratio ► Monetary (2000 BC to 1936 AD) ► Photographic (1900 - 1999) ► Industrial (1940 to present) ► Investment (2000 to present) ► Energy (2010 to present) 20% Silver demand 1,195 Jewellery Industrial 17% applications 55% Electrical/electronics 38% Photovoltaics 30% Other Uses 24% Brazing Alloys 8% Supply and demand information relates to 2023 estimates from the Silver Institute (www.silverinstitute.org) 9 SILVER PHOTOVOLTAIC only PV sector consumed 19% of total supply in 2023 use 200 100 personal 180 Index(2010=100) 60 160 Demand has surged 80 140 despite thrifting Moz 120 60 100 80 40 For 40 20 20 0 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Fabrication (Moz) Ag Loading Solar energy is an inexhaustible fuel source that is pollution free Solar capacity in China is now greater than the rest of the world combined In 2023, China installed more solar panels than the US has in its history US government policy states 100% 'clean' electricity grid by 2035 3 million solar panels are required to generate 1GW of energy Paving the way for electrification and helping shape the world's cleaner and greener future. Demand from solar forecast to grow 3x by 2030 Index is based on silver loadings per cell. Source: Metals Focus, April 2023 10 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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