Plata Mining Unit

Restart-stage underground silver-gold-lead-zinc mine within Silver X's Nueva Recuperada district, central Peru. Production targeted to commence in 2027 at 720 tpd in 2028, ramping to full PEA capacity of 1,500 tpd in 2029. Resource of 6.5 Mt @ 7.24 oz/t AgEq (~47.3 Moz AgEq). The PMU covers 3,829 hectares with 17 surface-exposed mineralized veins (0.6-1.0m wide) connected to the Chonta and Huachocolpa-Huancavelica major fault systems. Historical production of ~1.8 Mt @ ~16.03 oz AgEq/t. Higher-grade mineralization identified below 4,460 metres above sea level with mineralization open at depth. ~14 year mine life per Sept 2025 PEA.