Andean Silver (ASL) Andean Silver Diggers & Dealers Kalgoorlie presentation summary

Project overview and growth strategy

• Positioned for rapid, low-cost resource growth with a high-grade silver-gold resource base of 50Moz AgEq at 311g/t AgEq, supported by existing infrastructure valued at A$150M.

• Over 400km² of mining and exploration tenure with multiple mineralization styles and a known system extending over 25km of strike.

• Multiple underground and open pit resources, including 2.1Mt @ 506g/t AgEq (34.4Moz AgEq) underground and 2.9Mt @ 171g/t AgEq (15.9Moz AgEq) open pit.

• Board and management team with a proven track record in value creation and significant sector experience.

• Strong cash position of A$10M and a tight capital structure with recent successful capital raises.

Resource and exploration highlights

• Laguna Verde district hosts a 50Moz AgEq resource with multiple untested veins and significant high-grade rock chip results.

• Taitao inferred resource of 3.8Mt @ 206g/t AgEq for 24.7Moz AgEq forms the core of the base load for restart plans.

• Delia SE and Coyita veins provide high-grade, accessible feed with resources open for further expansion.

• Pegaso 7 and Cristal discoveries near the processing plant show outstanding grades and ongoing resource growth.

• Droughtmaster corridor and Los Domos offer district-scale upside with high-grade polymetallic mineralization and walk-up drill targets.

Infrastructure and operational readiness

• Cerro Bayo mine complex features a 1,650tpd flotation plant, permitted TSF, 12MW power facility, and extensive site infrastructure.

• Over 800l/s water rights, onsite assay lab, and a skilled local workforce in proximity to the mine.

• Equipment and spares valued at over US$4M are available for a rapid restart.

• More than 30km of underground development and 300km of established roads support operational flexibility.