Panuco Project

Overview

District Scale & 100% Owned

• Applying modern exploration techniques to a newly consolidated land package that has never been systematically explored
• Quadrupled land package since January 2024, now over 30k ha

Location, Location, Location

• Situated in an underexplored area of the emerging Western Mexico Silver Belt
• 80km from San Dimas (1Bn+ Oz AgEq in production⁽¹⁾ + reserves)

Existing Infrastructure

• Past producing district that benefits from access to HV power, water, roads, and proximal to Mazatlán
• To date, Vizsla has completed over 375,000 metres of diamond drilling without constructing a single road

World’s Largest Undeveloped High-Grade Silver Primary Resource Advancing to Production

• Upgrading resources to higher confidence categories
• Completed conversion drilling and test mine commenced in Q4 2024 to de-risk initial production
• Targeting first silver in H2 2027

Corporate Strength

• Vizsla is well funded with $94M+ in cash plus ITM options⁽²⁾ & warrants, no debt, and industry leading team & board