Unico Silver (USL) AGM 2025 summary

Opening remarks and agenda

• Meeting opened at 12:00 P.M. with confirmation of quorum and attendance of key directors and auditors.

• Presented strategic vision to become a globally significant silver development company with over 300Moz silver equivalent resources.

• Agenda included a Managing Director's presentation, Q&A sessions, voting on resolutions, and focus on resource growth, development pathway, and recent acquisitions.

• Virtual format enabled shareholders to ask questions and vote in real time.

Financial performance review

• Market capitalisation reached AUD 318M with a share price of $0.62 as of September 2025.

• Cash balance stood at AUD 28.8M, supporting ongoing exploration and development.

• Total shareholder returns up 785% since 2H 2023; mineral resources per share up 598%.

• Recapitalization raised nearly AUD 60 million in the past year.

Board and executive committee updates

• Board comprises experienced professionals in geology, finance, corporate governance, and recent hires enhanced development expertise, including senior resource geologists and Peter Canterbury.

• Recent additions bring expertise in project finance, M&A, and South American mining law.

• Board composition and diversity discussed, with focus on development skills and diversity of thought.