Company Overview
Premier Silver is a silver, lead, zinc, gold mining investment opportunity in a mining friendly jurisdiction. We have a past producing, currently permitted mine with a 600t/d plant purchased from Buenaventura (NYSE:BVN).
INFRASTUCTURe
Underground mine and 600t/d processing facility built by Buenaventura who spent ~USD$128M to develop.
4-5 Hours by road from Lima.
PAST PRODUCER
Operated from 2012 – 2018 producing 200K tonnes per annum, for 17.9M Ag eq oz. Placed on Care & Maintenance when silver prices were ~$15oz.
FULLY PERMITTED
Permitted underground Ag-Pb-Zn mine, processing plant, water treatment plant and tailings storage facility.
HISTORICAL RESERVES
Buenaventura reserves of 2.68M Ag eq oz, resources of 4.67M Ag eq oz and potential for another 15M Ag eq oz. Likely to significantly increase due to exploration, current Ag prices & lower cut-off grades.
EXPLORATION UPSIDE
Dual Sources of Exploration Upside. Opportunity within the Mallay Mine & adjacent vein structures plus 10,600 Ha with significant blue – sky potential.
RARE TRUE SILVER
Rare primary silver mining investment opportunity in a mining friendly jurisdiction.
NEAR-TERM REVENUE
12,000 – 15 000 mines are operating within 300 km with no processing facilities. Custom processing will provide near-term cash flow.
COMMUNITY RELATIONS
3 communities surround the Mallay Mine. We have excellent relationships and agreements in place with 2 of the 3 communities.
Live Silver Updates
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Our Unique Business Model
What sets us apart from our peers
3 Business Verticals Operating in Parallel
IMMINENT
CASH FLOW
Premier Silver’s exploration risk will be back-stopped by the potential for near-term cash flow. The company will restart the mill and custom process ore from smaller mines in the surrounding area. Demand is high and options are scarce for these surrounding mines. Not only is the Mallay Plant a closer option for these mines, but there is also currently a 9-month waiting period for processing.
MINE RESTART +
PRODUCTION
Due to a higher spot price of silver and the introduction of mechanized mining, Premier Silver is planning to begin processing our own ore from the Mallay Mine. Given the extensive historical technical data from Buenaventura and with the cooperation we will be receiving from the BVN technical team, we believe there is potential to significantly extend the mine life through a comprehensive exploration and definition drilling program.
EXPLORATION
The 10,600 hectare land package is under explored. Not only is there potential to add significant resources and reserves mat depth in the mine and on parallel vein systems, but a new Au-Ag system called Tres Cerros was identified in 2017-18 and never drilled. This 2.4 Kilometre-long target will be a primary focus for Premier Silver.
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