Unico Silver (USL) Investor Presentation summary

Corporate overview and financials

• Market capitalisation stands at AUD $255M with a share price of $0.505 and 510M shares on issue.

• Cash balance as of June 2025 is $12.5M, excluding $25M from a recent placement.

• Major shareholders include institutional investors, Eduardo Elsztain and associates, and Eric Sprott.

• Board and management have extensive experience in mining, finance, and project development.

Resource base and growth strategy

• Total resources have grown to 232Moz AgEq, including 126Moz Ag and 605koz Au.

• Cerro Leon’s September 2025 MRE is 31Mt at 161gpt AgEq for 162Moz AgEq, a 73% increase from May 2023.

• Aggressive drill program underway with 30,000m planned, targeting further resource growth.

• PLUS 150 strategy focuses on free-milling, pit-constrained silver ounces, with an exploration target of 123–176Moz AgEq.

• BEYOND 300 strategy aims to expand resources to 300Moz AgEq through new sulphide discoveries.

Exploration and development progress

• 20,456m of new drilling completed in 2024–2025 at a discovery cost of USD 10c per AgEq ounce.

• New discoveries at La Morocha and La Negra SE have delivered broad, shallow oxide intercepts, expanding the mineralised footprint.

• Mineralisation remains open at depth and along strike at multiple prospects.

• All resources are within granted mining licences, with land access and ownership agreements secured.

• Ongoing technical studies include baseline environmental, hydrology, geotechnical, and metallurgical testwork.