5 mill ev and Sprott supposedly took 40% of the pre ipo
CORCORAN SILVER-GOLD PROJECT
❖ Highest grade bulk-tonnage open-pittable silver deposit in North America
❖ Near-term cash flow from a drilled silver-gold resource - Feasibility study ready
❖ Historical resource: 30.5Moz Ag + 37,100oz Au (33.3Moz Ag equivalent) with excellent potential for expansion
❖ 27 mineral claims all in good standing; 226 additional claims staked covering resource expansion targets
❖ In a highly productive belt of current & past producing mines hosting 175Moz Ag & 26Moz Au
❖ Mining-friendly jurisdictions with good infrastructure
❖ Low acquisition cost; attractive earn-in terms o Peer average NAV per resource oz US$0.40 vs. US$0.08 earn-in valuation
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Ausag pre ipo, page-4
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