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Fact Sheet

Andean Silver Ltd · ASL document official 2025-03-31

Stephen Parsons 10.3% SCP Resource Finance Brandon Gaspar Share Price 3 A$1.20 Australian and Global Institutions 35.6% 1 Refer to ASX Release dated 31 March 2025 Market Capitalisation 3 A$195M incl.

Briefing

Stephen Parsons 10.3% SCP Resource Finance Brandon Gaspar Share Price 3 A$1.20 Australian and Global Institutions 35.6% 1 Refer to ASX Release dated 31 March 2025 Market Capitalisation 3 A$195M incl. Key points: Stephen Parsons 10.3% SCP Resource Finance Brandon Gaspar Share Price 3 A$1.20 Australian and Global Institutions 35.6% 1 Refer to ASX Release dated 31 March 2025 Market Capitalisation 3 A$195M incl; 5.2% commercial-guides/chile-mining Debt 4 A$0.0M 3 As at 26 March 2025 4 As at 31 December 2024 Cerro Bayo Overview 100km Rapid Low-Cost Growth through the Drill Bit Sits within world class Deseado Massif Over 400km2 of; 2 Refer to www.trade.gov/country- Cash Position 4 A$26.0M incl; See detailed updates at: /INVESTORS ASX CODE: Au-Ag Epithermal Deposit Comparison ASL Operational Mines 10Mt Development/C&M Bubble size represents tonnes (Mt) 1,200 High Grade Mines Median Market Capitlization = A$1.2b; 200 Tranquilo Cerro San Jose Project Vanguardia Challacollo Joaquin 0 Cerro Leon 0 50 100 150 200 250 300 350 400 450 500 AgEq Ounces (Moz) Cerro Bayo Project Mineral Resource Estimate As at 31 March 2025 Indicated Area; Infrastructure Overview Operating mine on warm idle at Laguna Verde … 1 Crusher 2 SAG Mill 2 BALL Mill Float Circuit Water Intake 3 Offices Stores/HV Workshop 1 3 Assay Lab 6.5MW Installed, 2 3x1MW Spare See detailed upd. This brief is based on the cited source artifact and is intended as a research entry point, not a replacement for the original source or EGM canonical data tables.

Source Notes

Stephen Parsons 10.3% SCP Resource Finance Brandon Gaspar Share Price 3 A$1.20 Australian and Global Institutions 35.6% 1 Refer to ASX Release...

Extractive summary evidence · source

5.2% commercial-guides/chile-mining Debt 4 A$0.0M 3 As at 26 March 2025 4 As at 31 December 2024 Cerro Bayo Overview 100km Rapid...

Extractive summary evidence 2 · source

2 Refer to www.trade.gov/country- Cash Position 4 A$26.0M incl.

Extractive summary evidence 3 · source

See detailed updates at: /INVESTORS ASX CODE: Au-Ag Epithermal Deposit Comparison ASL Operational Mines 10Mt Development/C&M Bubble size represents tonnes (Mt) 1,200...

Extractive summary evidence 4 · source

Extracted Document Text

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# Fact Sheet

Source: https://www.andeansilver.com/wp-content/uploads/2025/04/1301_ANDEAN-SILVER-A4-Fact-Sheet-A4-V7_INT.pdf
Published: 2025-03-31T00:00:00+00:00
Fetched: 2026-05-12T14:08:06.915+00:00
Source artifact: d3e77430-3849-4d66-a9f3-e2273b40b828
Normalizer input: text

## Content

# Fact Sheet
ASX CODE:
Grade and Scale Proven Team ASL
Resource of 9.8Mt @ 353g/t AgEq Think of BGL, FFM, NST, SAR,
for 111Moz AgEq1 KDR, RMS & MCR
Contained 47Moz of Silver and Experience in Acquisition,
763Koz of Gold1 Discovery and Development
Primary Gold and Silver with Asset Rich CHILE
Zn, Cu and Pb potential
Over US$150m of existing
Strong News Flow infrastructure and investment
Multiple Resource Updates Over 400sqkm of land holding
Three drill rigs currently Multi layered governmental support
extending brownfields resources
Mining Friendly
Extensive Greenfields generation
Chile a globally significant producer
campaign ongoing
(1st in Cu, 2nd in Li) 2
Strong investment in mining
(>US$700m in exploration in 2024)
Low sovereign risk with 100+ years of modern mining
Global Research Coverage Capital Structure Shareholder Summary
Euroz Hartley Kyle De Souza Shares on Issue 3 158.8M Board and Management 17.9%
Canaccord Genuity Tim McCormack Unlisted Options & Performance Rights 25.6M incl. Stephen Parsons 10.3%
SCP Resource Finance Brandon Gaspar Share Price 3 A$1.20 Australian and Global Institutions 35.6%
1
Refer to ASX Release dated 31 March 2025 Market Capitalisation 3
A$195M incl. Scotia Asset Management (1832) 10.9%
and Appendix C of that announcement.
2
Refer to www.trade.gov/country- Cash Position 4 A$26.0M incl. Sprott Inc. 5.2%
commercial-guides/chile-mining
Debt 4 A$0.0M
3
As at 26 March 2025
4
As at 31 December 2024
Cerro Bayo Overview 100km
Rapid Low-Cost Growth through the Drill Bit
Sits within world class Deseado Massif
Over 400km2 of mining and exploration tenure
Existing permitted 500ktpa mill facility on freehold land
3 Drill rigs currently drilling
CHILE
+30yrs of existing mining history
Multiple over lapping mineralisation styles
extending over 20km ARGENTINA
District scale exploration program Jurassic Age Volcanics Known Au-Ag Deposits
Extensive Permits and Licenses Deseado Massif Chile-Argentina Border
Strong social support
Location of the Cerro Bayo Project in the Deseado Massif and Historic Production.
*Significant historic and operating mines with approximate past production-remaining resources.
See detailed updates at: /INVESTORS
ASX CODE:
Au-Ag Epithermal Deposit Comparison
ASL
Operational Mines 10Mt Development/C&M Bubble size represents tonnes (Mt)
1,200 High Grade Mines
Median Market Capitlization = A$1.2b Median Company
1,000
Las Chispas
Grade and Scale
Market Cap of A$1.9b
Cerro Moro Median Market Capitlization = A$10b
800 Andean aims to grow
San Jose
Pallancata
San Dimas
San
Cerro Negro
Cerro Bayo Project into
a world class asset
Guanacevi
600 Julian-Vein
Immaculada Cienega Complex
Dolly Varden Arcata
Manatial Espejo Zgounder
400 Bolanitos Santa Elana Azuca La Coipa
Refer to ASX Release dated 31 March 2025 and
El Penon
Appendix D of that announcement for data.
200 Tranquilo Cerro
San Jose Project Vanguardia
Challacollo
Joaquin
0 Cerro Leon
0 50 100 150 200 250 300 350 400 450 500
AgEq Ounces (Moz)
Cerro Bayo Project Mineral Resource Estimate
As at 31 March 2025
Indicated
Area Tonnes (Mt) Ag Grade (g/t) Au Grade (g/t) Silver (Moz) Gold (Moz) AgEq (g/t) AgEq (Moz) AuEq (g/t) AuEq (Moz)
LVMC-UG 1.0 331 3.1 10 0.1 588 18 7.1 0.2
1.0 331 3.1 10 0.1 588 18
Inferred
Area Tonnes (Mt) Ag Grade (g/t) Au Grade (g/t) Silver (Moz) Gold (Moz) AgEq (g/t) AgEq (Moz) AuEq (g/t) AuEq (Moz)
LVMC-UG 3.4 174 3.0 19 0.3 421 46 5.1 0.5
LVMC-OP 2.9 38 1.6 4 0.1 171 16 2.1 0.2
CBMC-UG 2.5 197 2.4 16 0.2 393 31 4.7 0.4
8.8 136 2.3 38 0.7 330 93 4.0 1.1
Total Tonnes (Mt) Ag Grade (g/t) Au Grade (g/t) Silver (Moz) Gold (Moz) AgEq (g/t) AgEq (Moz) AuEq (g/t) AuEq (Moz)
Indicated and
Inferred 9.8 151 2.4 47 0.8 353 111 4.3 1.3
Refer to ASX Release dated 31 March 2025 and Appendix C of that announcement for sources.
Infrastructure Overview
Operating mine on warm idle at Laguna Verde …
1 Crusher 2 SAG Mill 2 BALL Mill Float Circuit Water Intake
3
Offices
Stores/HV Workshop
1 3
Assay Lab 6.5MW Installed,
2 3x1MW Spare
See detailed updates at: /INVESTORS