Unico Silver holds a 100% interest in the Cerro Leon and Joaquin silver gold districts located in the central Deseado Massif geological province, Santa Cruz Argentina.

Cerro Leon

The Cerro Leon project was born from three separate transactions from November 2022 to May 2024 and includes the Pinguino, Sierra Blanca and Conserrat districts. Cerro Leon is strategically located within the same structural corridor that is host to AngloGold Ashanti’s world-class Cerro Vanguardia mine.

Press release: 25 November 2022, Transformative 100% Acquisition of Advanced Pinguino Silver Gold Project

Press release: 26 March 2024, Unico moves to 100% ownership of Conserrat

Press release: 20 May 2024, Acquisition of Sierra Blanca project

Mineral Resource Estimate – Cerro Leon

Table 1: Cerro Leon Mineral Resource Estimate

Category

Tonnes

AgEq

AgEq (Moz)

Ag (gpt)

Au (gpt)

Pb (%)

Zn (%)

Ag Moz

Au (Koz)

Pb (Mlb)

Zn (Mlb)

Indicated

6.82

172

37.8

86

0.49

0.28

0.93

18.8

107

41.9

140

Inferred

9.65

172

53.5

71

0.77

0.77

0.77

22.1

237

53.7

163

Total

16.47

172

91.3

77

0.65

0.57

0.84

40.9

344

95.6

304

The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. Due to rounding to appropriate significant figures minor discrepancies may occur.

Santa Cruz Region – Home to Cerro Leon & Joaquin

Unico Silver’s key focus is the Santa Cruz portfolio located in southern Argentina. Santa Cruz is one of the pre-eminent mining provinces in South America and is host to numerous intermediate and large producers such as Newmont, AngloGold Ashanti and Pan American Silver.

Figure 1: Santa Cruz project