Interview with Ian Harris, President & CEO of Outcrop Siver&Gold Corp.

Our previous interview: https://www.cruxinvestor.com/posts/outcrop-silver-gold-tsxvocg-unlocking-high-grade-silver-potential-4692

Recording date: 3rd March 2024

Outcrop Silver & Gold (TSXV:OCG) is advancing one of the highest-grade undeveloped silver projects globally with its flagship Santa Ana asset in Colombia. With 37 million silver equivalent ounces grading over 600 g/t in the current resource, Santa Ana is a true silver play, deriving 75% of its value from the metal.

The company is taking an innovative, multi-pronged approach to creating shareholder value. First, aggressive exploration aims to multiply the resource from the current 37 Moz to over 100 Moz silver euivalent. Secondly, Outcrop is looking to develop a small-scale pilot mine to demonstrate the economic and technical viability of the asset while maintaining its exploration upside in the market.

CEO Ian Harris emphasized that the exceptionally high-grade nature of Santa Ana, along with the excellent metallurgy, de-links the project from scale and doesn't require that economy of scale to be able to have the margin. Simple flotation recovers over 93% of the silver into a high-grade concentrate, which can be directly smelted to produce saleable silver doré bars without the need for cyanide. This gives Outcrop multiple options to maximize payability.

Colombia is shaping up to be an attractive mining jurisdiction with a government eager to encourage development of silver and critical metals projects to diversify from oil and coal. Outcrop's key is strong engagement with local communities, which the pilot mine would foster through training and capacity building.

While the current tough market conditions are challenging for junior miners, Outcrop sees a big picture opportunity in silver as solar, EVs, and electrification are expected to be major demand drivers while ongoing economic uncertainty supports silver's safe haven status.

In summary, Outcrop Silver & Gold offers investors compelling exposure to a high-grade silver asset being advanced by a highly experienced management team. The company is well-positioned to create value through a hybrid approach of resource expansion and de-risking through a pilot mine. With 75% of the resource value in silver, Outcrop is highly leveraged to a rising silver price environment that appears likely in the coming years based on the macro fundamentals.

View Outcrop Silver & Gold's company profile: https://www.cruxinvestor.com/companies/outcrop-silver-gold

Sign up for Crux Investor: https://cruxinvestor.com