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-yrs1 | |
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 - 2,115km2 at Bowdens
and 747km2 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
onlyuseSILVER
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 |
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