Investor Presentaiton
Cerro Las Minitas
Project Economics
15yr Mine Life
PEA Highlights - Effective Aug 29, 2022
Robust Project Economics
Base Case¹: after-tax NPV5% of US$349M (C$450M,
C$1.55/share), IRR of 17.9%
Excellent Silver and Zinc Price Leverage
Base-case +15%²: after-tax NPV5% of US$561M (C$ 728M,
C$2.49/share), IRR of 24.4%
High-Revenue Project
SouthernSilver
EXPLORATION CORP
Higher Margin Mineralization Targeted in the First Eight Years of
Production Leading to Improved Economics.
Cash Flow After Taxes (US $M)
$200
$150
$100
Yrs. 1-8 Avg CF
$50
US$84M
SO
-$50
After-Tax Cash Flow
$1,000
$800
$600
$400
$200
50
-$200
-$400
Base Case revenues: US$3.7B
• Balanced precious vs base metal revenues with silver representing
42% of revenues and zinc representing 39% of revenues
Initial CapEx of $341M
Well Located Project
Mining friendly jurisdiction with excellent infrastructure in
southeast Durango
-$100
-$150
-$600
-$800
-$200
-$1,000
-2
-1 1
2
3
4
5
6 7 8
LOM Production Year
9
10
11
12
13
14
15
Base Case Cash Flow after Taxes
- Prices +15% Cumulative Cash Flow after Taxes
Base Case Cumulative Cash Flow after Taxes
Prices +15% Cash Flow after Taxes
1. Base case: assumes (Ag- $21.95/oz, Cu - $3.78/lb, Pb - $0.94/lb and Zn - $1.33/lb)
2. Base Case +15% assumes (Ag- $25.24/oz, Cu-$4.35/lb, Pb - $1.08/lb and Zn - $1.53/lb
www.southernsilverexploration.com
12
Cumulative Cash Flow After Taxes (US $M)
TSX-V: SSV
OTCQX: SSVFFView entire presentation