Vizsla Silver (VZLA) 2025 Precious Metals Summit - Zurich summary

Strategic vision and leadership

• Aims to become the world's largest single-asset primary silver producer through the Panuco Project in Mexico.

• Leadership team includes experienced mining executives with backgrounds in major discoveries and mine builds.

• Board strengthened by industry veterans with direct analog experience from nearby San Dimas mine.

• Succession planning brought in a former Wheaton Precious board member as lead independent director.

Project development and milestones

• Advancing rapidly toward development with a PEA completed and feasibility study expected by year-end.

• Targeting first silver production in late 2027.

• Over $200 million in cash and a $220 million debt facility mandate secured, providing more than double the initial capital outlay.

• Fully permitted, fully funded test mine operational, de-risking the project.

• Submitted environmental permits with approval expected in H1 next year, enabling construction over the next two years.

Resource base and exploration

• Global resource base of 365 million ounces silver equivalent, with 11 open structures and significant exploration upside.

• 43% increase in measured and indicated resources at 5% higher grade following infill drilling.

• Only 28% of 170+ drill-ready targets have been drilled; district-wide geophysics ongoing.

• Recent discovery at Anamos with high-grade intercepts; further drilling planned with results expected in Q1.

• Land position quadrupled in 24 months, with 30-year agreements secured with all five local land-owning groups.