December 2025 Quarterly Activities & Cashflow Reports

• Exceptional infill and extensional drill results at Joaquin
• Decision to proceed directly to PFS-level Mineral Resource Estimate
• Completed $50m placement and SPP to fund accelerated exploration and feasibility

Unico Silver reported its quarterly activities and cashflow for the three months ended 31 December 2025. The quarter marked a period of accelerated growth and project de-risking, with exceptional drill results at Joaquin, the transition to pre-feasibility-level studies, and a significantly strengthened balance sheet following a $40 million institutional placement and upsized Share Purchase Plan. The company advanced its PLUS 150 and BEYOND 300 strategies through rapid resource conversion, district-scale exploration success and the commencement of Pre-Feasibility Study workstreams. Key highlights included: exceptional infill and extensional drill results at Joaquin confirming wide, shallow oxide silver-gold mineralisation; the decision to proceed directly to a PFS-level Mineral Resource Estimate; the completion of a $40m institutional placement and $10.3m SPP, raising a combined ~$50m; and the commencement of geotechnical, metallurgical and environmental baseline studies to materially de-risk mine development pathways.

The company outlined key priorities for the coming quarters, including completing infill drilling at La Negra SE, delivering a PFS-level Mineral Resource Estimate for Joaquin, advancing PFS workstreams, and progressing environmental and permitting de-risking activities. The BEYOND 300 strategy will focus on extensional drilling at Joaquin, regional exploration programs, and evaluation of further consolidation opportunities.