Silver X Mining (AGX) Corporate presentation summary

Strategic vision and growth targets

• Aims to become a leading silver producer by unlocking asset value, driving profitable growth, and delivering lasting stakeholder value.

• Plans to ramp up production from 750 tpd to 1,000 tpd in H2 2026, targeting 3,000 tpd and 6+ Moz AgEq annually by 2029.

• Long-term production supported by a 20,795-hectare district-scale land package with over 200 targets and 500+ veins.

• 2025 PEA outlines a $440M NPV at $33/oz Ag, 69% IRR, and a 14-year mine life at 3,000 tpd.

Operational performance and financial highlights

• Tangana Mining Unit reached nominal 750 tpd capacity in March 2026, with plans to scale to 1,000 tpd in H2 2026.

• 1Q26 production: 44,883 t processed (+8% QoQ), 125,195 oz Ag (+10% QoQ), 1,419 oz Au (+20% QoQ).

• 1Q26 revenue of $13.4M (+155% YoY), EBITDA of $6.1M vs. $0.4M in 1Q25, and margin of $42/oz AgEq.

• Cash cost for 1Q26 was $37.8/oz AgEq (at realized Ag price of $82.94/oz); PEA projects $11.8/oz AgEq at $25/oz Ag.

Resource base and exploration upside

• Nueva Recuperada district hosts 35.6 Mt M&I and 116.6 Mt inferred resources, with significant gold content and potential for 3-5x resource growth.

• Plata Mining Unit in development, targeting 1,500 tpd by 2029, with 6.5 Mt @ 7.24 oz AgEq/t (~47.3 Moz AgEq).

• Blenda Rubia and Red Silver projects offer high-grade, scalable mining opportunities, with recent drilling confirming wide, continuous mineralized zones.

• Pampas Project acquired in March 2026, adding a 7,712-hectare gold-silver district with significant exploration potential.