Unico Silver (USL) Investor Presentation summary

Investment highlights and strategy

• Raised $25m to accelerate development of silver projects in Argentina, with $12.5m cash as of June 2025, supporting aggressive exploration and resource growth plans.

• Consolidated two major adjacent silver districts through five acquisitions since 2022, now controlling 160Moz AgEq resources at a cost of $0.10/oz AgEq.

• Targeting rapid resource growth to 300Moz AgEq, with a 50,000m drill campaign in 2025 and revised JORC Mineral Resource Estimates expected in late 2025 and early 2026.

• Focused on free-milling, pit-constrained oxide silver ounces for near-term development, leveraging robust historical metallurgical testwork and existing infrastructure.

• Operates in Santa Cruz, a pro-mining province with a clear permitting framework, strong infrastructure, and a skilled workforce.

Resource base and exploration results

• Current resources include 92Moz AgEq at Cerro Leon (JORC 2012) and 73Moz AgEq at Joaquin (Foreign Estimate), with significant new discoveries at La Negra and La Morocha.

• Recent drilling at La Negra and La Morocha delivered high-grade, shallow oxide mineralisation, expanding the mineralised footprint and supporting the PLUS 150 strategy.

• Infill drilling at La Negra returned best results to date, highlighting potential to convert foreign estimates to JORC resources and improve resource confidence.

• Cerro Leon project shows high-grade silver intercepts near surface, with potential to expand into deeper sulphide zones for long-term growth.

• PLUS 150 Exploration Target estimates 123–176Moz AgEq from free-milling oxide and transitional mineralisation at Joaquin and Cerro Leon.

Development pathway and de-risking

• All priority targets have land access agreements, granted mining licenses, and baseline environmental studies at PFS or scoping level.

• Long-term mining agreements in place for key deposits, with no indigenous or national park conflicts.

• Development strategy underpinned by extensive metallurgical testwork confirming high recoveries for oxide and transitional mineralisation.

• Infrastructure includes a 150-person camp, site office, and access to provincial highways.

• Ongoing technical studies focus on pit optimisation, hydrology, and geotechnical work to support mine planning and permitting.