122Moz Silver Resource Anchors Aftermath’s Berenguela Project | Mike Williams

Aftermath Silver (TSXV: AAG) is advancing its Berenguela silver-copper-manganese project in Puno, Peru, where Founder and Executive Chairman Mike Williams says the deposit has grown into one of the larger undeveloped silver resources in the sector. Speaking with Kitco Mining at PDAC 2026, Williams said the project hosts “122 million ounces of silver measured and indicated” with “a further 20 million in inferred,” alongside about 870 million lb. of copper and roughly 3 million tons of manganese.Williams said the company is preparing a pre-feasibility study expected later this year or in Q1 2027 and is targeting early silver output from the open-pit project. “Our goal is to end up between producing four to 5 million ounces of silver annually,” he said. Copper and manganese could provide byproduct credits that lower silver costs, while metallurgical work is advancing to produce high-purity manganese suitable for EV batteries. The company also plans drilling this year to follow up on a high-grade copper zone and expand silver mineralization across the deposit.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Aftermath Silver, visit: https://aftermathsilver.com/00:27 - Why Aftermath Silver Acquired the Berenguela Project01:09 - Manganese Breakthrough and Hydrometallurgy Processing03:02 - Berenguela Resource Growth and 122Moz Silver Resource04:21 - Battery-Grade Manganese Potential for EV Supply Chain06:55 - PFS Strategy and 4–5Moz Annual Silver Production Target08:05 - Silver Price Assumptions and Project Stress Testing09:39 - Silver Leverage, Market Cap Sensitivity, and Infrastructure11:42 - Copper Exploration Upside and High-Grade Drill Results13:16 - Peru Politics, Mining Permits and Community Relations19:36 - Water Management and Ore Processing Strategy21:32 - 2026 Catalysts: Drilling, Metallurgy, and PFS Timeline__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.