Unico Silver (USL) investor relations material

Vision and strategy

• Aims to build a globally significant, development-ready silver company advancing toward production, with a focus on resource scale and rapid project advancement.

• Consolidated two adjacent silver districts, achieving a global resource of 330Moz AgEq, with 78% of Joaquin resources in the Indicated category.

• Stage 1 development plan targets free-milling, pit-constrained oxide resources, with PFS delivery targeted for Q3 2026.

• Fully funded through CY2026 with A$66m cash, supporting drilling, conversion, and feasibility workstreams.

• Argentina's RIGI regime offers a 25% corporate tax rate and 30-year fiscal stability, with application targeted for Q3 2026.

Resource growth and project portfolio

• Achieved 360% resource growth since 2H 2024, increasing from 91Moz to 330Moz AgEq, with further growth expected.

• Joaquin Mineral Resource increased by 148% to 167Moz AgEq, with 74% of contained metal as primary silver.

• Cerro Leon resource stands at 162Moz AgEq, a 73% increase since May 2023, with mineralisation open at depth and along strike.

• All resources are within granted mining licences, and technical studies plus historical production have de-risked flowsheet design.

• Significant exploration upside remains, with new discoveries and ongoing drilling supporting future resource updates.

Corporate and financial highlights

• Market capitalisation of A$510m at A$0.81 per share, with 629M shares on issue and 66M cash as of 31 December 2025.

• Total shareholder returns up 1,100% since 2H 2023, and mineral resources per share up 1,000%.

• Over $120m raised for exploration and development, with accretive M&A including the Joaquin acquisition for USD $2m upfront.

• Completed over 95,000m of drilling, resulting in three MRE updates and 360% resource growth since 2H 2024.

• Mineral resources per share have increased 10x since 2H 2022.