Silver is running hot!
With no silver companies on the Diggers program this year, this is your chance to hear from two companies with outstanding silver exposure.
Registration is FREE, however all attendees must register with us prior to the event for catering purposes. You can obtain your free registration by clicking the Register button or calling us on (08) 9388 1474.
About the Presenters:
Mitre Mining Corporation (ASX: MMC)
Tim Laneyrie, Chief Executive Officer
Market Cap: $80.6M (at 72c)
Mitre Mining Corporation completed the acquisition of the Cerro Bayo Silver-Gold Project in Chile in February this year, and has already doubled the JORC Resource to 50.2Moz at 311g/t silver equivalent (or 605koz of gold equivalent).
The updated Resource includes high-grade underground drilling results which were part of the Cerro Bayo acquisition but were yet to be brought into the Resource model. Importantly, 90 per cent of the Resource is contained in the top 300 metres.
There is also immense potential for further growth, with mineralisation open along strike, down plunge and at depth. The enormous upside is highlighted by the spectacular assays announced recently from areas outside the Resource.
A new drilling program is underway to target rapid resource growth, with a key focus on areas where historical drilling has returned high grade results outside the current Resource.
With over $150M of existing infrastructure, including a 500,000tpa processing plant, extensive underground mines, power network, offices and workshops, Cerro Bayo is ideally positioned to grow into a significant silver-gold deposit that can be fast tracked into production.
Sun Silver (ASX: SS1)
Gerard O'Donovan, Executive Director
Market Cap: $62.5M (at 50c)
Since completing its IPO and ASX listing in May, Sun Silver has become one of the most significant silver plays on the ASX, at a time when the silver price – and investor interest in the commodity – is well and truly on the rise.
Sun Silver is focused on the development of the Maverick Springs Silver Project in Nevada, which hosts a current JORC Inferred Mineral Resource Estimate of 292Moz of contained silver-equivalent metal (175.7Moz of silver + 1.37Moz of gold). Nevada is the United States' "Silver State", currently accounting for 75% of the USA's total production.
Silver is an essential part of making solar panels, with solar use underpinning a 300 per cent increase in silver demand over the past decade.
The US is targeting 45 per cent of its total energy needs to be generated through solar power by 2050 (compared with just 3 per cent currently), which is expected to see strong continued demand growth for silver well into the future.
Sun Silver is targeting rapid expansion of the current Resource at Maverick Springs, with the mineralisation open along strike and at depth with numerous significant drill results outside of the Resource estimate for follow-up exploration.
Sun Silver has an active work schedule underway, with planned activities including mine optimisation studies utilising current-day data and economics, step-out exploration drilling to the north and south of the current Resource targeting shallow high-grade ounces, infill drilling to upgrade Resource classifications and metallurgical test work to investigate the potential to produce silver paste.
Silver paste is an essential component in the manufacture of solar panels, with the potential to deliver significantly enhanced margins to Sun Silver through downstream processing.
* At least by Diggers standards!
