Strategic Location
Situated within Argentina’s renowned Deseado Massif, Cerro Leon lies along the same structural corridor as AngloGold Ashanti’s world-class Cerro Vanguardia mine, offering significant geological advantages.
Favourable Mining Jurisdiction
Located in Santa Cruz province, a mining-friendly region hosting major operations by Newmont, AngloGold Ashanti, and Pan American Silver, providing a supportive environment for development.
Corporate Strategy
Unico Silver is executing a two-phased strategy, ‘PLUS 150’ and ‘BEYOND 300’, to transition from an explorer to a developer focused on high-value, free-milling silver resources.
Infrastructure and District Consolidation
Unico Silver has rapidly established a commanding position within a historically underexplored and undercapitalised silver district, completing five acquisitions since late 2022—consolidating two adjacent silver districts for the first time under a single junior.
Financing (AUD$30m raised in two tranches)
Confirmation of historical metallurgical recoveries.
Metallurgy (PLUS 150 optimisation testwork)
Detailed geotechnical and pit optimisation
Update Joaquin and Cerro Leon baseline environmental and hydrology studies.
Scoping study
RIGI corporate restructure
PFS
Financing (AUD$30m raised in two tranches)
Confirmation of historical metallurgical recoveries.
Metallurgy (PLUS 150 optimisation testwork)
Detailed geotechnical and pit optimisation
Update Joaquin and Cerro Leon baseline environmental and hydrology studies.
Scoping study
RIGI corporate restructure
PFS
Project Update Announcement July 2025 
Joaquin is Unico Silver’s second flagship asset in Argentina’s prolific Santa Cruz province, complementing its Cerro Leon project and enabling potential shared processing opportunities and broader regional development. Acquired from Coeur Mining in 2020, the project brings a robust silver resource and significant brownfields exploration potential. Previously advanced by Coeur, Joaquin benefits from legacy infrastructure, including roads and access routes, which support streamlined reactivation.
Hosts an established JORC-compliant Mineral Resource Estimate of 68.1 million ounces of silver equivalent (AgEq), providing a solid foundation for future development.
| Resource Category | Tonnes(Mt) | Ag(gpt) | Au(gpt) | Ag(Moz) | Au(Koz) | AgEq(gpt) | AgEq(Moz) |
|---|---|---|---|---|---|---|---|
| M&I | 15.7 | 128 | 0.12 | 65.2 | 61.1 | 138 | 70.1 |
| Inferred | 1 | 100 | 0.12 | 3.1 | 3.7 | 110 | 3.3 |
| Total | 16.7 | 126 | 0.12 | 68.3 | 64.2 | 136 | 73.4 |
Jaoquin Project – Historical Foreign Estimate as of February 2013
| Resource Category | Tonnes(Mt) | Ag(gpt) | Au(gpt) | Ag(Moz) | Au(Koz) | AgEq(gpt) | AgEq(Moz) |
|---|---|---|---|---|---|---|---|
| Depletion | 0.33 | 410 | 0.14 | 4.3 | 1.5 | 421 | 4.5 |
| Total | 0.33 | 1410 | 0.14 | 4.3 | 1.5 | 421 | 4.5 |
Jaoquin Project – Historical Production 2019 to 2022
Exploration & Development Outlook
With most of the previous drilling concentrated in shallow oxide zones, the Joaquin deposit remains underexplored at depth. Unico sees strong potential to extend known mineralisation and discover additional resources, positioning Joaquin as a critical component of its future production pipeline.
Boasting a JORC-compliant Mineral Resource Estimate of 16.47 million tonnes at 172 g/t AgEq, Cerro Leon contains 91.3 million ounces AgEq, including 40.9 Moz silver and 344 koz gold.
| Category | Tonnes(Mt) | AgEq(g/t) | AgEq(Moz) | Ag(g/t) | Au(g/t) | Pb(%) | Zn(%) | Ag(Moz) | Au(koz) | Pb(Mib) |
|---|---|---|---|---|---|---|---|---|---|---|
| Indicated | 6.82 | 172 | 37.8 | 86 | 0.49 | 0.28 | 0.93 | 18.8 | 107 | 41.9 |
| Inferred | 9.65 | 172 | 53.5 | 71 | 0.77 | 0.77 | 0.77 | 22.1 | 237 | 53.7 |
| Total | 16.47 | 172 | 91.3 | 77 | 0.65 | 0.57 | 0.84 | 40.9 | 344 | 95.6 |
Exploration & Development Outlook
Near-term efforts focus on expanding the robust oxide resource as part of the Plus 150 initiative, targeting 150Moz AgEq of shallow, free-milling silver with strong development potential. In parallel, the Beyond 300 program is underway, with early-stage sulphide discoveries providing a foundation for long-term resource growth and scale. Regional exploration across the broader Sierra Blanca area continues to deliver encouraging results, and a revised Mineral Resource Estimate is scheduled for release in August 2025.
shareholder value.
