Overview

About Aya
Gold & Silver

Aya is a rapidly growing, Canadian-based silver producer with a strong footprint in Morocco.

Listed on the TSX, the Corporation operates the Zgounder Silver Mine, an underground silver mine located 260km east of Agadir in Morocco. In addition to advancing its Boumadine polymetallic project, Aya has a number of exploration properties located along the prolific Anti-Atlas belt that is host to Zgounder and Managem’s Imiter Mine.

Maximising potential in Morocco

Aya’s goal is to create shareholder value by generating revenue and growth through its operations and exploration programs. Our experienced team of directors and officers have extensive experience launching and operating precious metals mines around the world.
Together with ongoing Zgounder operational improvements, Aya is focused on extending Zgounder high-grade mineralisation through drill programs with the aim of extending the 11-year life of mine.

Why Morocco?

Stability, infrastructure,
potential

Constitutional monarchy with long history of political stability
Excellent network of roads
Thermal coal and hydroelectric energy, emerging solar capacity
Mining viewed as a driver of economic development
Favorable legislative and tax environment
- 5-year tax exemption for new mining projects
- 50% tax reduction for miners exporting their products
- State contribution for implementation of new infrastructure
Underexplored country with significant mineral potential
- Produced 8.1M oz Ag in 2019, 70% of Africa’s silver
- Hosts Imiter, tenth-largest primary silver producer
- Produces 90% of the world’s phosphates
Strategic location with access to global markets

Aya Corporate
Structure

Aya Gold & Silver is the 100% owner and operator of the Zgounder Silver Mine. Aya Gold & Silver Maroc S.A., previously Compagnie Minière Maya-Maroc S.A., is involved in the exploration of mining properties located in Morocco.

History

2020

Maya Gold & Silver appoints new management team including CFO and announces delay in filing Q1 2020 statements and MD&A
Maya Gold & Silver announces 2020 Zgounder Silver Mine drill program of 15,000 meters
Maya Gold & Silver Inc. announces TSX approval to change name to Aya Gold & Silver Inc.
Aya Gold & Silver closes C$26,225,000 underwritten private placement
Aya Gold & Silver reports high-grade drill results at Zgounder Silver Mine
Aya Gold & Silver announces all-time best drill result of 9,346 g/t Ag over 4.00m

2019

Maya Gold & Silver reports positive NI 43-101 preliminary economic assessment results at the Boumadine Polymetallic Mine in Morocco. Project indicates pre-tax IRR of 56% with an NPV of US$574.8 Million and after-tax(*) IRR of 53% with an NPV of US$497.6 million (NPV discounted at 6.5%)

Maya Gold & Silver set to start exploration and development of its Azegour Mine

2018

Maya Gold & Silver reports positive NI 43-101; Preliminary Economic Assessment results at the Zgounder Silver Mine in Morocco indicates after-tax IRR of 118% with an NPV6.5% of US$200.2 million
Maya Gold & Silver now connected to national (ONEE) power grid and initiates testing on the newly installed 500-tpd flotation mill
Maya Gold & Silver achieves commercial production at Zgounder of 500 tpd

2017

Maya Gold & Silver extends a new zone to the east through diamond drilling supported by independent assays of 337 g/t Ag at Zgounder Silver Mine
Maya Gold & Silver intersects 3,809 g/t Ag over 18 meters at its Zgounder Silver Mine
Zgounder Silver Mine produces monthly record of 53,376 ounces Ag in January 2017
Maya extends Corps D to 1,655mZ elevation at Zgounder Silver Mine
Maya will test historical intersections in three historical resource sectors through a 2,924m diamond drilling program
Maya Gold & Silver presents its strategic development plan and reports new surface drilling campaign has commenced at Zgounder Silver Mine
Maya Gold & Silver intersects 481 g/t Ag over 8m in surface trenching to the east of Zgounder Silver Mine

2016

Zgounder Silver Mine produces monthly record of 47,676 ounces Ag
Maya Gold & Silver Inc. announces filing of its financial statements and MD&A for the third quarter ended September 30, 2016 and an amendment to the loan facility with EBRD

2015

Maya obtains five strategic exploration permits in the Zgounder area located in the Taroudant Province in Morocco. Each permit covers 16 square kilometres (4 x 4 km).
Maya provides drill results at Zgounder: Drilling intersections include 1,098g/t Ag over 10 meters, 348 g/t Ag over 19 meters & 431 g/t Ag over 20 meters
Maya Gold & Silver announces minimum C$2.5M non-brokered private placement

2014

Maya Gold & Silver reports positive NI 43-101 preliminary economic assessment results at the Zgounder Silver Mine in Morocco

Maya Gold & Silver starts silver production at its Zgounder Silver Mine

2013

Maya Gold & Silver acquires (85%) of the Boumadine Polymetallic Mine (Zn, Pb, Ag, Au and Ge) in Morocco

2012

Signing of the convention for Zgounder silver deposit on January 6

2011

Acquired 100% interest in the Azegour property from Ouiselat Mines, which will receive a 2.5% royalty on revenue generated from the property. The Azegour Mine, a past producer of molybdenum, copper and tungsten, lies directly south of the Amizmiz property.

Acquired the #233263 property and mining permit. The property is located in an important mining district in the eastern Anti-Atlas mountains of Morocco that hosts the Imiter mine, the 10th-largest silver mine in the world.

Participated in the international tender organized by L’Office National des Hydrocarbures et des Mines (ONHYM) for the total or partial acquisition of the Zgounder Mine.

The Corporation and the ONHYM agreed to negotiate a convention in order for Maya to acquire 85% of the Zgounder Silver deposit.

2010

Acquired 100% of the rights to the Amizmiz property from SEGM, a private Moroccan holding company. SEGM retains a 2.5% net smelter royalty on the acquired permits.

Maya identifies further near-term mine production and strategic exploration properties in Morocco.

2009

Acquired a 10% interest in the Amizmiz gold property in Morocco as well as an option to take an additional 60% interest in the project.

Maya chooses to retain La Campana while abandoning the three other concessions along the border of the Mexican states of Durango and Sinaloa.

2008

Initial public offering yields $2,000,000 (8,000,000 common shares at $0.25 per share).
The company lists on the TSX Exchange under the symbol “MYA”.
Maya takes 100% interest in three mining concessions in Mexico through the acquisition of Metales de la Sierra S. de R.L. de C.V.,and stakes a fourth concession which surrounds the original three.

2007

Maya Gold & Silver Inc. incorporates under the Canada Business Corporations Act.