Unico Silver
Primary ticker:ASX:USL
Stage of development: Exploration, Development
Primary minerals: Silver
Project to promote: –
Project location: Argentina
Website: unicosilver.com.au
Unico Silver is an emerging growth-orientated silver exploration and development company listed on the Australian Stock Exchange under the ticker symbol USL.
The Company’s flagship project is located in the mining friendly Santa Cruz province of Argentina, which is host to numerous world-class precious metal mines.
The team has a proven track record of creating shareholder value executing five separate transactions since November 2022 creating a new camp-scale investment opportunity with over 160Moz silver equivalent resources in indicated and inferred categories.
Currently, USL is the largest holder of ounces outside of Newmont and AngloGold Ashanti, and has recently embarked on an aggressive drill program with a revised MRE due 2025.
Cash: –
Debt: –
Major shareholders:
Management Ownership – %
Financials
What are the top 3 key investor takeaways?
1. New silver explorer developer created via the consolidation of 5 projects previously held by two majors (Pan American Silver and Yamana) and three juniors.
2. 160Moz silver equivalent resources (indicated and inferred) including 105 Moz Ag and 406koz Au and growing
3. Maiden drill program to commence 15 October 2024.
4. Raised AUD$8m 22 August 2024 mainly from existing HNW and Institutional shareholders