ONE OF THE LARGEST DEVELOPMENT STAGE SILVER PROJECTS IN THE WORLD P - - PowerPoint PPT Presentation

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ONE OF THE LARGEST DEVELOPMENT STAGE SILVER PROJECTS IN THE WORLD P - - PowerPoint PPT Presentation

ONE OF THE LARGEST DEVELOPMENT STAGE SILVER PROJECTS IN THE WORLD P RIME REG IONS . P RIME P ROJ ECTS . INTEL L IG ENT E X P LORATION . May 2018 Safe Harbour Disclaimer & Resource Disclosure Certain statements contained herein regarding the


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ONE OF THE LARGEST DEVELOPMENT STAGE SILVER PROJECTS IN THE WORLD

P RIME REG IONS . P RIME P ROJ ECTS . INTEL L IG ENT E X P LORATION .

May 2018

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TSX: LVN

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Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations for future performance, are “forward-looking statements.” We caution you that such “forward looking statements” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company’s filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them. Mr. Vic Chevillon, MSc, CPG, is the Qualified Person for the Company as required by NI 43-101. The Company expressly disclaims any obligation to update any forward-looking statements. Risk factors to which the company and its business are subject are described in the section “Risk Factors” contained in its most recent annual information form, which is available under the company’s profile at www.sedar.com (http://www.sedar.com).

Safe Harbour Disclaimer & Resource Disclosure

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  • Announced 2018 expanded, bulk tonnage Resource

update and Preliminary Economic Assessment (PEA)

  • Novel porphyry mineralization controls
  • 100% owned
  • District scale claim position (37,000 hectares)
  • Ideal mining and infrastructure setting E of the Sierras

One of Mexico’s Premier Porphyry District Targets

CHIHUAHUA

Mexico

HIDALGO DEL PARRAL Penasquito (Goldcorp) Camino Rojo (Canplats) La Preciosa (Coeur Mining)

San Augustin (Silver Standard) Pitarilla (Silver Standard)

CORDERO

Cities Mines Chihuahua-Zacatecas Silver-Gold Belt Legend

300 200 100 Km Mi 100 200

Key asset: Cordero silver/polymetallic project (silver, zinc, lead, gold)

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Cordero drilling

Four phases of exploration drilling to reach the 2018 resource and PEA

Since 2009 Levon Discovery

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132,000 meters core drilling in 292 holes

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THE CORDERO PROJECT

✓ Resource is not drilled off—open to expansion on strike and at depth ✓ Advanced metallurgy targeting improved recoveries

Cut off Grade $/t Resource Class Million Tonnes AgEq g/t Ag g/t Zn % Pb % Au g/t 15.00 Indicated 990.1 31.92 12.81 0.37 0.17 0.04 Inferred 282.2 56.43 20.66 0.75 0.3 0.04

From discovery to world-class resource in 5 years

Silver:

407.8M oz indicated, 187.5M oz inferred*

Zinc:

8M lbs indicated, 4.7M lbs inferred*

Lead:

3.8M lbs indicated, 1.9M lbs inferred*

Gold:

1.27M oz Indicated, 363K oz Inferred*

1 Totals may not sum due to rounding. *Resource-related disclosure on the Slide #2: Safe Harbour Disclaimer & Resource Disclosure.

2018 Cordero Project Mineral Resources 1

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THE CORDERO PROJECT

Contained Metal Contained AgEq Oz (000s) 2 Ag, Oz (000s) Zn, Lbs (000s) Pb, Lbs (000s) Au, Oz (000s) Indicated 1,016,045 407,761 8,030,051 3,774,996 1,273 Inferred 512,017 187,461 4,665,047 1,859,799 363 Total 1,528,062 595,222 12,695,098 5,634,795 1,636

2018 over 1.5 billion contained silver equivalent

  • unces*

31.1034768 grams in one troy ounce, reported as oz/t (where t= tonne)

2 Calculated using AgEq g/t as reported in Press Release dated: March 5, 2018 *Resource-related disclosure on the Slide #2: Safe Harbour Disclaimer & Resource Disclosure.

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Cordero’s ideal mining infrastructure

Chihuahua, Mexico

Skilled, experienced work force only 35 km away in Hidalgo Del Parral with 120,000 people and 35-40% unemployment Low relief, rolling topography ideal for

  • pen pit mining, mill construction and

tailings disposal (dams can be constructed of waste rock and mill tailings) Easy road access, 10 km off State highway E of Sierras Abundant power and water

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Ultimate open pit about 2.3 km wide x 3 km long Resource blocks crop out at surface = low waste-to-ore strip ratio of 0.94/1 Resource not delineated: Open to the south, north, northeast and at depth

Scale of modeled open pit

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152M Intersection Grading ✓ Locally high grade. ✓ Mineralization directly analogous to Penasquito mine discovery outcrops.

Type I Mineralized Diatreme Breccia

Phase 1 Discovery Hole C09-5

80.6 g/T Silver 1.41% Zinc 2.27% Lead 0.61 g/T Gold

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Type 2 – Pozo De Plata Diatreme Breccia Replacement Mineralization

26M Intersection Grading ✓ Analogous with high grade underground

  • re at Penasquito.

410.1 g/t Silver 2.92% Zinc 7.06% Lead 1.057 g/t Gold

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Type 3 – Cordero Porphyry Zone

Porphyry Style Mineralization ✓ Mineralized pervasive potassic alteration cut by incomplete pervasive phyllic alteration (at right) ✓ Disseminated galena, sphalerite and pyrite ✓ At left stockwork vein sphalerite, galena veins and crackle breccia ✓ Key mineralization type

  • f porphyry deposits
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District Scale Project & Property 100% Levon Ownership

✓ 37,000 hectares (370 sq km or 143 sq mi) Levon

  • wned mining claims

✓ 2013 acquisition of Aida claim consolidates 100% Levon ownership of all mining claims ✓ Key Aida claim drill results better than expected (30Apr14 press release): ✓ Better grades at depth in newly discovered feeder zones in the center of the resource ✓ Resource exposed to the surface

Original claims New claims staked 2014

Original claims

5km Grid

New claims staked 2014

Area of Current NI 43-101 Resource

Legend

Area of initial 43-101 Resource 2009-2012 Core Drilling Tertiary felsic volcanic Intrusive centers & diatremes

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✓ A 2012 PEA Constrained by not trespassing on Aida claim. ✓ After seven years of negotiations, Levon acquired the key Aida Claim in 2013 and Levon now owns all claims covering the resource and all claims in the entire district. ✓ Latest 2017 resource infill definition drilling expands past 2014 resource. ✓ 2018 resource still open to expansion by drilling around its perimeter and at depth (map to left). ✓ 2018 PEA considers an optimized part of the 2018 global resource for mining.

1 km grid Aida claim and 2013/2014 drilling Resource Proximal Delineation Target

30Apr14 Aida Drilling Press Release Cordero Resource (July, 2012) Proximal Resource Delineation Target Cordero Project, Chihuahua, Mexico

N Previous drill holes

2013 Acquisition of the Aida Claim, 2014 Drilling, 2018 Resource Update and PEA – Major Advances

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Drilling The Aida Claim 2013 – 2014 -2017

Results improve continuity and grade of mineralization from surface to feeder zones discovered at depth in the center of the resource

Drill results extend mineralization across the Aida Claim

2013 - 2014 drilling 24 holes, 13,072 meters 2017 drilling 18 holes, 5,655 meters

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Aida Claim: Wide mineralization from surface, higher grade feeders at depth

✓ Wide intersected mineralization from the surface ✓ Higher grade mineralization discovered at depth in volcanic feeder zone

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What’s Next At Cordero?

Advanced Exploration Project Set for Pre-feasibility study

Further improve the project’s economics

Under the direction of M3 Engineering and Independent Mining Consultants Current 88% metallurgical recoveries from 3rd round bench scale tests likely to improve with additional testing Expand mill design

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Development strategy Strategic alliance with a major

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Is a bull market on the horizon?

SILVER – Spot Price (EOD) CME

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10 15 20 25 30 35 40 45 50 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jan-14 Jan-16 Jan-18 Support Support

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Mexico: prime country for mining Competitive advantages

A mining-friendly, emerging economic powerhouse with exceptional mineral resources, mining history and culture, and skilled labor.

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Our team

Ron Tremblay and Vic Chevillon at Cordero

Ron Tremblay President/CEO and Director Daniel Vickerman Chairman and Director Vic Chevillon, M.Sc., C.P.G. V..P . Exploration and Director JoAnne Odette CFO Christina Boddy Corporate Secretary Gary Robertson Director Edward Karr Director Francisco Armenta Mexico Operations

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Share info and share prices

Shares Outstanding 125,617,907 Options Outstanding 8,846,000 Warrants Outstanding 2,571,214 at $0.50 Expiring Feb 2020 Fully Diluted 137,035,121 Recent Price $0.31 Insiders own approximately 18.01%

  • f fully diluted shares

Listed on: TSX: LVN OTCQX: LVNVF

Chihuahua, Mexico

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Chihuahua, Mexico

Suite 500, 666 Burrard St. Vancouver, BC V6C 2X8 778.379.0040 IR contact: 604.682.2991 IR@Levon.com

levon.com