Why Invest In ELORO?

Major Discovery
at Iska Iska

Major discovery on the Iska Iska Property, with similar mineralization with Cerro Rico de Potosí, the world’s largest silver deposit

Financially
Strong

Raised CDN$25 million in March 2021 through a bought deal financing with Haywood Securities Inc., Cantor Fitzgerald Canada Corporation and Cormark Securities Inc.

Exploration
Program Advances

An aggressive exploration program is in progress at Iska Iska with over 65,000 metres of diamond drilling in 102 holes completed to date

Bolivia, a Prolific
Mining Country

Economic Commission for Latin America and the Caribbean (ECLAC) forecasting +5%YoY growth for the country, the second highest in South America

Rapid Pace of Discovery at Iska Iska

  • September 13, 2020

    Underground Drilling Starts at Huayra Kasa

    Drilled:
    Zero Metres
  • November 18, 2020

    Discovery Huayra Kasa Breccia Pipe
    DHK-04 14.29 g Ag/t, 0.81% Zn and 0.41% Pb over 122.74m

    November 24, 2020

    Discovery Santa Barbara Breccia Pipe
    DHK-14 intersects almost 180m of silicified and mineralized breccia in Santa Barbara Breccia Pipe approximately 400m in diameter

    Drilled:
    2,898m in 13 drill holes
  • January 26, 2021

    Discovery Hole DHK-15 intersects High Grade 257.5m at 129.6g Ag eq/t inSanta Barbara Breccia Pipe

    Drilled:
    5,573m in 20 drill holes
  • April 13, 2021

    442 g Ag eq/t over 166m including 1.092 g Ag eq/t (446 g Ag/t, 9.03% Pb and 1.16% Sn over 56.2m in continuous channel sampling of Santa Barbara adit.

    Drilled:
    10,677m in 28 drill holes
  • July 28, 2021

    129.65 g Ag eq/t over 300.75m intersected in mineralized envelope of Santa Barbara Breccia Pipe.

    Drilled:
    22,399m in 46 drill holes
  • September 28, 2021

    160.22 g Ag eq/t over 194.14m in Santa Barbara Breccia Pipe

    Drilled:
    30,014m in 57 drill holes
  • OCTOBER 21, 2021

    Resource definition in progress on target block 1,400m along strike 500m wide and up to 600m deep at Santa Barbara

    Drilled:
    32,606 m in 63 holes
  • November 17, 2021

    521 g Ag eq/t (including 117 g Ag/t, 1.44 g Au/t, 0.54% Cu and 0.66% Sn) in channel sampling of Porco Adit

    Drilled:
    35,738m in 68 drill holes
  • February 23, 2022

    172.43 g Ag eq/t (40.16 g Ag/t, 0.51% Zn, 0.41% Pb and 0.13% Sn) over 373.40m in southern part of Santa Barbara Target

    Drilled:
    45,117m in 80 drill holes
  • March 1, 2022

    171.57 g Ag eq/t (12.04 g Ag/t. 0.29% Zn, 0.22% Pb and 0.22% Sn) over 373.40m in southern part of Santa Barbara Target

    March 16, 2022

    182.34g Ag eq/t (29.85g Ag/t, 1.01% Zn, 0.64% Pb, 0.11% Cu and 0.11% Sn) over 351.0m in Southern Part of Santa Barbara Target

    Drilled:
    45,779m in 81 drill holes
  • April 27, 2022

    169.11 g Ag eq/t (64.30 g Ag/t, 0.96% Zn, 0.37% Pb and 0.07% Sn) over 235.55m to further Expand Higher Grade area to the North in the Eastern Part of the Santa Barbara Target

    Drilled:
    52,384m in 89 holes
  • May 25, 2022

    160.00 g Ag eq/t (27.37g Ag/t, 0.62% Zn, 0.52% Pb and 0.11% Sn) over 251.87m and 133.45 g Ag eq/t (19.10g Ag/t, 0.20 g Au/t, 0.42% Zn, 0.64% Pb and 0.08% Sn) over 289.45m in the Santa Barbara Target area

    Drilled:
    56,863m in 92 drill holes
  • July 21, 2022

    188.64 g Ag eq/t (44.75 g Ag/t, 0.08 g Au/t, 1.05% Zn, 0.76% Pb and 0.14% Sn) over 349.08m in Core of Feeder Zone in the Santa Barbara Target Area

    Drilled:
    64,573m in 102 holes
  • September 20, 2022

    150.47 g Ag eq/t (9.45 g Ag/t, 1.53% Zn, 0.88% Pb and 0.07% Sn) over 441.21m in High-Grade Feeder Zone in Santa Barbara Target Area. Longest continuously mineralized intersection obtained in drilling thus far. High grade feeder zone has a potential strike length of at least 2km. Excellent potential to outline major open pittable deposit in valley of the caldera. Completion date for inaugural Mineral Resource Estimate pushed back to end of Q1 2023.

    Drilled:
    74,782m in 113 drill holes
  • October 5, 2022

    198.00 g Ag eq/t (67.79 g Ag/t, 1.44% Zn and 1.04% Pb) over 134.47m in Silver-Rich Area of High-Grade Feeder Zone in Santa Barbara Target Area

    October 18, 2022

    Multiple Intersections including 108.16 g Ag eq/t (11.63 g Ag/t, 1.53% Zn and 0.36% Pb) over 111.26m in High-Grade Feeder Zone in Santa Barbara Target Area

    Drilled:
    79,258m in 118 drill holes

Bolivia, a Prolific Mining Country

Iska Iska is in the SW part of the Eastern Cordillera which hosts a number of world-class deposits of gold, silver, iron ore, zinc, tin, lead and lithium

Dr. Osvaldo Arce, P.Geo., President of Bolivian Geological Society (2010-2017), a highly recognized Bolivian geologist and key member of the Eloro team, published a second edition of his comprehensive textbook on metalliferous ore deposits of Bolivia in November 2020

Cerro Rico de Potosí Comibol
Silver Sand New Pacific Metals
San Bartolome Comibol/Andean Precious Metals
Pulacayo Silver Elephant
San Cristobal Sumitomo Corp.
San Vicente Pan American Silver

Silver: A Key Decarbonization Metal

Silver is the element of change

Highest electrical and thermal conductivity of all the metals 30% of silver supply is used in electrical applications 10% of current silver supply is used in solar PV

  • 30% of silver supply is used in electrical applications
  • 10% of current silver supply is used in solar PV
  • Capacity to quintuple over the next two decades
  • Roughly 2.8 million ounces needed per 1GW of solar power
  • Automotive demand estimated at 61Moz for 2021 and growing to 88Moz by 2025
  • ICE 15-28g per vehicle
  • EV 25-50g per vehicle

Tin: Technology Driven

Supply and Demand Imbalance

  • Demand
    • 360,000 tonnes per annum, 300,000 tonnes mined
    • Electronics accounts for 50% of demand (CAGR +5%)
    • Significant demand increase for semiconductors and powering green solutions (photovoltaics, EV)
    • Roughly 8 tonnes of tin required for 1 GW of solar power
    • ICEs to EV’s (400g/car to 800g/car)
    • Industry 4.0 to keep market in deficit for the foreseeable future
  • Supply
    • Artisanal and small-scale is 40% of supply
    • Mine production peaked in 2014
    • 15 years Reserve Life (USGS 2019)
    • China accounts for 40% of reserves and building strategic stockpiles
    • US market is 40,000 tonnes per annum with no supply

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