New Risk • Mar 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 38% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (AU$6.0m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Bekanntmachung • Mar 26
Sun Silver Limited, Annual General Meeting, May 25, 2026 Sun Silver Limited, Annual General Meeting, May 25, 2026. Location: at level 39, central park, 152-158 st georges terrace, perth wa 6000 Australia Bekanntmachung • Jan 13
Sun Silver Ltd. Drill Results Demonstrate Thick, High-Grade Silver-Gold Continuity and Scale At Maverick Springs Sun Silver Ltd. announced that further assays from its 2025 exploration program at its Maverick Springs Silver-Gold Project in Nevada demonstrate thick, high-grade silver-gold continuity and scale. The latest drilling confirms the continuity, quality and scale of silver-gold mineralization at the project, underpinned by strong silver market fundamentals and emerging critical minerals tailwinds. Thick mineralised intercepts returned from multiple holes at grades consistent with and exceeding the mineral resource grade, including: MR25-227 - 123.94m at 81.8g/t AgEq (51g/t Ag and 0.36g/t Au) from 216.80m including 33.77m at 224.5g/t AgEq ("168 g/t Ag and 0.66 g/t Au); MR25-229 - 45.78m at 76.7g/t AgEq(46.8g/t Ag and 0.,35g/t Au) including 15.58m at 114.6 AgEq (77.2g/t Ag and 0". Extensive gold mineralisation intercept within MR25-235: MR25-235 - 29.69m at 201.9g/t AgEq.85.1g/t Ag and 1.37g/t Au) with individual gold assays up to 4.80g/t Au. The Project, which is proximal to the prolific Carlin Trend, hosts a JORC Inferred Mineral Resource of 237Mt grading 45.5g/t Ag and 0.'30g/tAu for 347.2Moz of contained silver and 2.25Moz of contained gold (539Moz of contain3ed silver equivalent). Bekanntmachung • Dec 09
Sun Silver Ltd. Announces Maverick Springs Mineral Resource Increase of 59Moz to 539Moz to 539Moz AgEq At 71G/T AgEq Sun Silver Ltd. announced that the company's strategic exploration that included re-assays and extensional drilling, has expanded the company's Maverick Springs Silver and Gold Project in Nevada. The company has reported an updated Mineral Resource Estimates for the project with the total inferred MRE increasing by 59Moz from 479.8Moz to 539Moz silver equivalent. Bekanntmachung • Nov 12
Sun Silver Ltd. Announces Near-Surface Antimony Intercepts At Its Maverick Springs Silver-Gold Project in Nevada Showcase Its Strategic Potential Sun Silver Ltd. announced that the company's ongoing multi-element re-assay program at its Maverick Springs Silver-Gold Project in Nevada continue to expand the project's antimony potential. The latest re-assay results have confirmed zones of antimony mineralization extending to near surface within the 2.4km by 1.4km silver-gold Mineral Resource footprint. New Risk • Aug 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (AU$144.3m market cap, or US$92.8m). Bekanntmachung • Jul 30
Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million. Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,608,696
Price\Range: AUD 0.92
Discount Per Security: AUD 0.0552
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jul 24
Sun Silver Limited has filed a Follow-on Equity Offering in the amount of AUD 30 million. Sun Silver Limited has filed a Follow-on Equity Offering in the amount of AUD 30 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,608,696
Price\Range: AUD 0.92
Discount Per Security: AUD 0.0552
Transaction Features: Subsequent Direct Listing Bekanntmachung • Mar 31
Sun Silver Limited, Annual General Meeting, May 29, 2025 Sun Silver Limited, Annual General Meeting, May 29, 2025. Location: at level 39 central park, 152-158 st georges terrace, perth wa 6000 Australia Bekanntmachung • Feb 17
Sun Silver Limited Announces Board Changes Sun Silver Limited announced the following immediate key appointments to its board and senior leadership team as it transitions into its next phase of growth in advancing the Maverick Springs Silver-Gold Project in Nevada, USA. n conjunction with the appointment of Andrew Dornan, highly regarded corporate lawyer Shaun Hardcastle has been appointed as Sun Silver's Non-Executive Chairman. Shaun brings deep corporate governance expertise and a strong track record in managing complex corporate structures and guiding companies through periods of significant growth. Shaun has a distinguished legal career spanning 20 years, with experience across corporate, commercial and securities law as well as Non-Executive Director roles with several ASX-listed companies. Shaun is currently a Partner and the Head of Corporate for the national law firm Hamilton Locke. He is also currently a Director of RareX Limited and previously held the role of Non-Executive Director with Cygnus Metals Limited and Hawkstone Mining Ltd. The appointment of Andrew and Shaun significantly strengthens the Sun Silver leadership team and positions the Company for continued success. Both executives share a strong commitment to the Company's vision and strategy, and the Board looks forward to working with them to deliver value for shareholders. Following the appointment of Andrew Dornan and Shaun Hardcastle as Managing Director and Non- Executive Chairman respectively, Gerard O'Donovan step downs from his role as Executive Director, effective immediately, and Dean Ercegovic will transition to the role of Non-Executive Director, where he will provide continued support and oversight of the Company's strategy. Bekanntmachung • Nov 21
Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 13 million. Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 13 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,903,226
Price\Range: AUD 0.62
Discount Per Security: AUD 0.0372
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,343,024
Price\Range: AUD 0.8
Discount Per Security: AUD 0.048
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,906,976
Price\Range: AUD 0.8
Discount Per Security: AUD 0.048
Transaction Features: Subsequent Direct Listing Bekanntmachung • Oct 17
Sun Silver Limited, Annual General Meeting, Nov 15, 2024 Sun Silver Limited, Annual General Meeting, Nov 15, 2024. Location: the park business centre, 45 ventnor avenue, west perth, perth Australia Bekanntmachung • Sep 05
US Department of Energy Selects Sun Silver Limited to Enter the Final Application Stage Under the Qualifying Advanced Energy Project Allocation Program to Receive USD 60 Million Tax Credit Sun Silver Limited announced that the US Department of Energy has selected the Company to enter the final application stage under the Qualifying Advanced Energy Project Allocation Program (48C Program) to receive a USD 60 million tax credit to support the development of a Silver Paste Production Facility within the United States. Initial positive feedback has been received from the Department of Energy relating to the Company's initial submission. The Section 48C Program, administered by the Department of Energy, supports innovative energy projects that contribute to reducing greenhouse gas emissions. This federal incentive program provides a 30% investment tax credit (ITC) for qualified expenditures on advanced energy manufacturing facilities such as Sun Silver's Silver Paste Project. It aims to strengthen domestic supply chains, enhance US competitiveness in the global clean energy economy, and foster job growth in related industries. Under the IRA, advanced energy project credits can be monetised through a sale for cash, in addition to offsetting income tax liability. To realise the full credit amount, companies must meet the requirements outlined in Section 48C of the Internal Revenue Code and adhere to operational and employment plans submitted to the IRS. The Company's Silver Paste Project aligns with the objectives of the Section 48C Program by enhancing the efficiency and sustainability of solar PV cells through the production of high-quality silver paste. Silver paste accounts for up to 23% of the material cost of a photovoltaic cell (solar panel), crucial for creating electrical contacts essential in converting sunlight into electricity. As the demand for renewable energy continues to grow - particularly in the US, where solar commitments are targeted to reach 30% of the country's energy requirements by 2030 (up from 3% in 2022) - ensuring a stable and efficient supply of silver paste becomes increasingly crucial. In early May 2024, US President Joe Biden approved an increase in tariffs on Chinese solar imports from 25% to 50% to encourage further onshoring of manufacturing. This policy underscores the strategic importance of domestic production, supporting initiatives like Sun Silver's Silver Paste Project. The preliminary location for the Silver Paste facility is strategically positioned in Census Tract 9502, Elko County (Census Tract ID: 32007950200), near the Maverick Springs Project (85km south of Elko, Nevada). This location was chosen to minimise transport costs and facilitate the sharing of resources, materials and equipment between the mine, processing infrastructure and the Silver Paste facility. Elko County's well- developed infrastructure, supported by a population of over 20,000, ensures year-round access to a local skilled workforce. Section 48C is one of several funding options available from the Department of Energy. Sun Silver is actively exploring additional grant opportunities to support the Maverick Springs Project and Silver Paste Production Facility. The Company is committed to pursuing these avenues to align projects with government targets, initiatives, and mandates. In addition to pursuing investment tax credits through the Department of Energy's Section 48C program, Sun Silver is actively identifying other funding opportunities through the Department of Defence. Antimony, a critical mineral as defined by the United States Geological Survey, is a key material for supporting US national security and various defence applications. Recent work at the Maverick Springs Project has revealed anomalous results for antimony. Should these initial results prove consistent and develop into a resource of commercial scale, the Maverick Springs Project could play a crucial role in securing a reliable domestic supply of this strategic material, enhancing the USA's internal supply chain and strengthening national security. Sun Silver's cornerstone asset, the Maverick Springs Project, is located 85km from the fully serviced mining town of Elko in Nevada and is surrounded by several world-class gold and silver mining operations including Barrick's Carlin Mine. 
