Kootenay Silver (KTN) Corporate presentation summary

Project overview

• La Cigarra is located within the historic Parral Silver District, an area with over 350 years of silver production and significant historical output exceeding 500 million ounces of silver from nearby districts.

• The project is situated 20 km north of the Francisco del Oro-Santa Barbara camp, with a well-established mining infrastructure in the region.

Economic highlights

• After-tax NPV at consensus metal prices is $763 million (5% discount rate), with an IRR of 41%; at spot prices, NPV is $1,295 million and IRR is 64%.

• Initial capital cost is $332 million, sustaining capital is $80 million, and payback period is 1.9 years after tax.

• Average annual after-tax revenue is $107 million, with an average all-in sustaining cost of $18.73/oz Ag.

Production and mine life

• Average annual silver production over the first five years is 6.22 million ounces; life-of-mine (LOM) average is 4.55 million ounces per year.

• Total LOM payable silver production is 63.6 million ounces over a 14-year mine life.

• Processing rate is 6,000 tonnes per day, with an average silver recovery of 89.3%.