Vizsla Silver posts replay of Panuco FS webinar

Executive Summary

• Vizsla Silver Corp. hosted a webinar providing an in-depth technical overview of the recent independent feasibility study (FS) for its Panuco silver-gold project in Mexico and its concurrent convertible notes offering.
• The feasibility study confirms the economic viability of the Panuco project, highlighting strong technical foundations consistent with previous preliminary economic assessments (PEA).
• The company successfully completed a convertible notes offering, which replaces a previously announced debt mandate with Macquarie, providing a flexible financing structure to advance the project toward a construction decision.

Key Details

• Feasibility Study (FS) Highlights:
  • Resource/Production: 17.4 million ounces of silver equivalent (AgEq) of annual production.
  • Mine Life: Initial 9.4-year mine life.
  • Financial Metrics:
    • After-tax Net Present Value (NPV) at 5% discount rate: $1.8 billion (U.S.).
    • Internal Rate of Return (IRR): 111%.
    • Payback Period: Seven months.
  • Assumptions: Based on $35.50 (U.S.)/ounce Ag and $3,100 (U.S.)/oz Au.
• Financing Details:
  • Instrument: Convertible notes offering.
  • Purpose: To replace the previously announced debt mandate with Macquarie.
  • Strategic Impact: Provides a flexible structure to rapidly advance the Panuco project with wider growth prospects.
• Project Strategy:
  • Vizsla Silver is implementing a dual-track development approach at Panuco.
  • This involves advancing mine development while continuing district-scale exploration through low-cost means.
  • Goal: Position itself as a leading silver company.
• Qualified Person: Jesus Velador, PhD, MMSA QP, Vice-President of Exploration, reviewed and approved the technical content.

Notable Quotes

• "With the completion of our feasibility study and this successful convertible notes offering, we are thrilled to have achieved two major milestones for Vizsla Silver," stated Michael Konnert, CEO. "The feasibility study confirms the strong technical foundation and economic viability of Panuco, consistent with the results outlined in our PEA. The new financing replaces the previously announced debt mandate with Macquarie and provides a flexible structure that positions us to rapidly advance Panuco with wider growth prospects."