Vizsla Silver Corp

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Primary tickers: TSXV:VZLA, NYSE:VZLA
Stage of development: Exploration, Development
Primary minerals: Silver, Gold
Project to promote: Panuco Silver-Gold Project
Project location: Mexico
Website: vizslasilvercorp.ca

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The Company recently completed a Preliminary Economic Study for Panuco in July 2024 which highlights 15.2 Moz AgEq of annual production over an initial 11 year mine life, an after-tax NPV5% of US$1.1B, 87% IRR and a 9-month payback at US$26/oz Ag and US$1,975/oz Au. Vizsla Silver aims to become the world’s leading silver company by implementing a dual track development approach, advancing and de risking mine development, while continuing district scale exploration through low-cost means.

 

Cash: CAD$107M
Debt: NIL

 

Major shareholders:
Franklin Advisers Inc 12%
Sprott Inc 5%
Eric Sprott 3%
ETF Managers Group 3%
Craig Parry 3%
Management Ownership – 15%

Financials

Management Profile

Michael Pettingell, SVP Business Development and Strategy
 
Mr. Pettingell is a geologist with over 10 years of experience working in both pre-producing and operating mines, as well as the capital markets. He is currently CEO of Vizsla Royalties. Prior to joining Vizsla, Michael spent four years working in equity research at Canaccord Genuity covering junior precious and base metal explorers and developers in the mining and metals sector. Prior to Canaccord, Mr. Pettingell worked for Hecla Mining, first in exploration at its Lucky Friday unit, and then in corporate development located in Vancouver. Michael started his career as an exploration geologist for Romarco Minerals at its Haile Gold mine prior to it being acquired by OceanaGold in 2015. Michael holds a Bachelor of Science in both Geology and Economics from the University of South Carolina and a Master of Applied Science in Mining Engineering from the University of British Columbia.

What is your rationale for taking part in 121 Mining Investment?

Vizsla Silver aims to engage with institutional investors, family offices, and high-net-worth retail investors to further expand awareness and visibility.

What recent news would you like to highlight to investors attending?

Oct 1, 2024: Vizsla Silver Reports Additional High-Grade Silver and Gold Through Ongoing Infill Drilling and Expands Near Surface Mineralization at Copala Central
 
Sep 25, 2024: Vizsla Silver Announces Closing of Over-Allotment Option in Full
 
Sep 26, 2024: Vizsla Silver Publishes Second Annual Sustainability Report
 
August 28, 2024: Vizsla Silver Files PEA Technical Report on the Panuco Project
 
August 28, 2024: Vizsla Silver Confirms Exceptional Continuity of High-Grade Silver and Gold Through Ongoing Infill Drilling at Copala Central
 
Aug 21, 2024: Vizsla Silver Provides Exploration Update on Panuco Project: Outlines 10km Drill Program to Test New Targets in the East Area
 
Jul 24, 2024: Vizsla Silver Delivers Exceptional Economics for Panuco in Preliminary Economic Assessment

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

10km Drill Program to Test New Targets in the East Area
Commence permitting process
Updated Mineral Resource Estimate expected Q4 2024
Commence development on fully-permitted 25,000 tonne bulk sample test mine
Ongoing mapping & sampling

6 Months:
Results from Optimized Metallurgy Program
Ongoing discovery drilling
Expanding known resources within the PEA

12 Months:
“Advancing feasibility study H2 2025
Multispectral satellite imagery & Terraspec”

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The biggest challenge Vizsla is currently facing relates to global macroeconomic themes and broader market trends. Vizsla remains committed to becoming the industry’s next tier 1 silver developer, and as such, continues to aggressively advance the Panuco district through resource expansion/discovery-based drilling, engineering trade-offs, and initial scoping studies.

What do you think makes your company such a compelling investment?

The newly consolidated Panuco silver-gold project represents one of the highest-grade silver primary discoveries in the world. Led by a management team experienced in exploration, development, permitting, operations and capital markets. Vizsla Silver recently released their PEA which outlined industry leading economics. With a dual track strategy of developing project 1 at Colpala and Napoleon and exploring the prolific silver belt. An updated Mineral resource estimate is expected in H2 2024, which will lead in to a Feasibility Study in H2 2025. Vizsla Silver is targeting first silver production in 2027.

What are the top 3 key investor takeaways?

Fast Track to Production:
– Advanced Developer: Feasibility Study in H2 2024, targeting first silver in H2 2027
– Well Funded: $100M+ cash + ITM options & warrants, zero debt, to carry beyond delivery of Feasibility Study
– De-risking: Ongoing conversion drilling at 25m centers for initial reserve development. Bulk sample test mine and optimized metallurgical testing.
 
Exploration Upside:
– Growing Land Package: Tripled land package in 2024, building a multi-generation pipeline of assets along a frontier silver belt.
– Significant Upside: Less than 67% of the property is mapped, and only 30% of the known vein targets have been explored.
– District Wide Geophysics: Airbourne EM & MAG surveys to cover entire Panuco district for the first time in history
 
Significantly Undervalued:
– Timing: Strong leverage to rising metals prices supported by growing deficits.
– Silver Premium: On a P/NAV and EV/oz basis VZLA trades at a material discount to silver producers.
– Catalyst Rich: Vizsla has several potential catalysts over the next 12 months.