TSX.V: AAG Silver In Chile Corporate Presentation November 2019
Impo port rtant Inform rmation Cautionary Statement on Forward Looking Information This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Aftermath Silver, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Certain information in this presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward looking statements. Forward-looking statements are based on the beliefs and expectations of Aftermath Silver as well as assumptions made by and information currently available to Aftermath Silver management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, all costs varying significantly from estimates, production rates varying from estimates, changes in metal markets, changes in equity markets, the proposed use of net proceeds from private placements, availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, ability to complete future drilling programs, drilling program results varying from expectations, delays in obtaining survey results, success of future development initiatives, the completion and implementation of a preliminary economic assessment, pre-feasibility or feasibility studies, competition, operating performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local authorities, community relations, and other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Aftermath Silver believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Aftermath Silver disclaims any intent or obligation to update any forward-looking statement. Although Aftermath Silver has attempted to identify important risks, uncertainties and other factors that could cause actual performance, achievements, actions, events, results or conditions to differ materially from those expressed in or implied by the forward-looking information, there may be other risks, uncertainties and other factors that cause performance, achievements, actions, events, results or conditions to differ from those anticipated, estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as of the date hereof and Aftermath Silver disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable law. About Reserves and Resources This presentation uses the terms measured, indicated and inferred resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that: (a) mineral resources are not economic mineral reserves; (b) the economic viability of resources that are not mineral reserves has not been demonstrated; and (c) it should not be assumed that further work on the stated resources will lead to mineral reserves that can be mined economically. In addition, inferred resources are considered too geologically speculative to have any economic considerations applied to them. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for certain preliminary economic assessments. Qualified Person Peter Voulgaris, MAIG, MAusIMM,, is a non-independent qualified person, as defined by NI 43-101. Mr. Voulgaris has reviewed the technical content of this Presentation and consents to the information provided in the form and context in which it appears. 2 www.aftermathsilver.com | TSX.V : AAG
Co Corpo rporate Sum ummary Two advanced silver assets with defined silver resources. • Mining friendly jurisdiction: Chile. • Experienced management team with complementary marketing and technical skill sets. • Projects with -or close to- infrastructure. • 3 www.aftermathsilver.com | TSX.V : AAG
Co Corpo rporate Strategy and nd Obje bject ctives OBJECTIVE Build a silver-dominant company focused on expanding an existing silver resource base by unlocking the potential of low-risk projects in established mining jurisdictions. STRATEGY Acquire advanced silver assets with current or historic resources • Focus on projects with nearby infrastructure • Operate in high-ranking mining friendly jurisdictions such as Chile • Target projects with exploration upside • Use low-risk resource development drilling to add ounces • If we’re successful, the market should re-rate AAG 4 www.aftermathsilver.com | TSX.V : AAG
Rece cent Developm pments Closed 2 private placements: $2.5m @ 8c and $3.3m @ 20c • Made initial property payments on Cachinal and Challacollo. • Budgeting and planning underway for drilling @ both projects. • Initiated comprehensive marketing program. • Reviewing additional projects in Latin America. • Use low-risk resource development drilling to add ounces • 5 www.aftermathsilver.com | TSX.V : AAG
Seni nior r Ma Mana nagement & & Bo Board Michael Williams 25 years experience in structuring, running and marketing TSX-listed companies. Sold Underworld Resources Ltd to Kinross Gold Corp for $138m. International banking and finance network, retail and Chairman, Director institutional. Director, President and CEO of Vendetta Mining. Ralph Rushton B.Sc. M.Sc. A geologist with 30 years exploration and mining experience for majors and juniors. Worked in business development and marketing for a number of junior resource companies. Since 2003, has helped raise over Director, President & C.E.O. $400-million to finance exploration and development programs in Latin America, Scandinavia and Eastern Europe. Peter Voulgaris B.Eng.(Hons), 25 years international mine operating and development experience. Former Technical Services Manager at MEngSci. MAusIMM, MAIG Oyu Tolgoi Cu-Au mine in Mongolia. Study manager for Sepon Cu-Au mine expansion in Laos. Former VP Technical Advisor, QP. Business Dev. for Minco group of companies. Director and project manager, Vendetta Mining Corp. David Terry B.Sc. Ph.D. P. Geo Over 25 years international experience in exploration, development and acquisition of precious and base metals deposits in Nth and Sth America. Corporate finance experience. Past president of Comstock Metals Director Ltd, and director of Golden Arrow Resources. Worked with Boliden, Westmin, Hemlo Gold, Cominco and Gold Fields. Keenan H. Hohol MA, JD Lawyer with 20 years international mining experience, with achievements in M&A, corporate transactions, Director governance, compliance, ethics, anti-corruption and social responsibility. Former general counsel for BHP Billiton, VP legal and general counsel for Silver Standard, general counsel for Pan American Silver. 6 www.aftermathsilver.com | TSX.V : AAG
2 Silver Projects In Northern Chile Challacollo – view of historic stoping into hill Cachinal – view of historic processing on hill and workings on left and right 7 www.aftermathsilver.com | TSX.V : AAG
Proje ject ct Sum ummari ries Cachinal AAG acquiring 80% • Existing medium-grade in-pit resource with scope to expand open pit potential. • Opportunity to explore down plunge on identified high-grade shoots to further develop mineralization. • Cachinal is a higher level system, suggesting high-grade silver has depth potential. • Metallurgical recoveries of 85% for silver and gold using direct cyanidation. • Background low grade halo material to be investigated for dump/heap leach potential. • Challacollo AAG acquiring 100%. • Historic silver-gold resource with scope to expand open pit potential. • Drilling to test parallel veins & structures in HW and FW of main vein. • Drilling to also test low-grade halo for dump/heap leach potential. • Metallurgical recoveries of 92% for silver and 75% for gold. • Desalination pipeline to pass through Challacollo tenement. • 8 www.aftermathsilver.com | TSX.V : AAG
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