Why Invest?
World Class Asset in Mining-friendly Idaho, Usa
- Produced more than 165 million ounces of silver and 5 million tons of base metals over nearly 100 years
- Located in the most prolific USA silver district that produced +1.2 billion silver ounces
- Fully permitted in mining-friendly Idaho; enthusiastic local stakeholder support
- 9Mt of relatively shallow historical reserves, validated in 2020 to 43-101 Inferred Resources category, creates significant optionality
New Leadership Team with a New Vision
- New management team and Board of Directors led by former executives from Barrick Gold Corp.
- ESG is a core belief : focused on building a sustainable, modern, long-life, zero footprint, zero-emission underground mine
- Successful commissioned in-house water pre-treatment plant, generating cost savings and 70% reduction in metal-load discharge
- Improving corporate and capital markets profile; moving from CSE to TSX-V
Targeting Rapid, Low Cost Production Restart
- Robust updated PEA: $143M NPV, 35% IRR, 2.6 year payback, $44M CAPEX, $25M average annual free cash flow over 11 years
- Staged approach to mining to leverage shallow resources above water table
- Underground processing and tailings deposition to minimize surface footprint
- Vast existing infrastructure to benefit up front capital and operating costs
Unlocking Silver Exploration Potential
- Significant high grade silver potential identified in 1970’s, including potential silver zonation at depth
- Under-explored since the mine closed in 1981
- 95 years of data incorporated into first digitized geological model in 2020 significantly increases geological understanding
- Ongoing exploration programs focused on expanding resource and high grade silver targets in upper areas of the mine