Unico Silver (USL) AGM 2025 summary

Opening remarks and agenda

• Meeting opened at 12:00 P.M. with quorum confirmed; directors, company secretary, and external auditor present.

• Agenda included a presentation by the Managing Director, Q&A sessions, and voting on resolutions, with a focus on resource growth, development pathway, and recent acquisitions.

• Virtual meeting format allowed shareholders to ask questions and vote online.

• Presented strategic vision to become a globally significant silver development company with over 300Moz silver equivalent resources.

Financial performance review

• Market capitalization reached AUD 318M with a share price of $0.62 as of September 2025.

• Cash balance stood at AUD 28.8M as of September, supporting ongoing exploration and development.

• Total shareholder returns up 785% since 2H 2023; mineral resources per share increased 598%.

• Company recapitalized, raising nearly AUD 60 million in the past year.

Board and executive committee updates

• Board comprises experienced professionals in geology, finance, corporate governance, and South American mining law.

• Recent additions bring expertise in project feasibility, construction, project finance, and M&A.

• Focus on engaging senior engineering firms with Argentine mining expertise.