Andean Silver (ASL) Euroz Hartleys Institutional Conference presentation summary

Project overview and resource growth

• Cerro Bayo is a major silver-gold project in Chile with a resource of 8.2Mt @ 342g/t AgEq for 91Moz AgEq, containing 39Moz silver and 628Koz gold, with additional Zn, Cu, and Pb potential.

• Over 400km² of mining and exploration tenure, with a permitted 500ktpa mill and more than $150m in existing infrastructure.

• Three drill rigs are currently active, with plans to increase to four, targeting brownfields extensions and greenfields discoveries.

• Multiple resource updates and a robust exploration campaign are ongoing, with a focus on district-scale potential and new discoveries.

• The Laguna Verde district alone hosts a 65Moz AgEq resource at 328g/t AgEq, with significant extensional and conversion drilling underway.

Financial and corporate structure

• Market capitalization is A$155M, with a share price of A$0.985 and cash position of A$26M as of December 2024; no debt.

• Board and management hold 17.9% of shares, with significant institutional support (35.6%).

• Well-funded for the 2025 work program, supporting aggressive drilling and exploration.

• Global research coverage from major financial institutions.

Leadership and operational expertise

• Leadership team includes experienced executives from major mining companies, with expertise in exploration, development, and operations.

• Proven track record in asset growth, capital markets, and operational management.