Denver Gold Group member

Investigator Silver

  • ASX: IVR
  • Developer (PEA/scoping)
  • Silver
  • Unley, Australia

Company profile

Investigator Silver Limited is advancing the Paris Silver Project in South Australia toward development as Australia's next primary silver mine.

Paris is a simple, shallow open-pit silver development. The orebody starts from around 10 metres below surface, extends for approximately 2 kilometres in length and up to 400 metres in width, supporting a low-complexity mining operation with a straightforward development pathway.

The recently completed Definitive Feasibility Study confirmed Paris as a high-margin, finance-ready project with an initial 11-year mine life producing more than 30 million ounces of silver. The study delivered outstanding economics, including a pre-tax NPV8 of A$1.15 billion, an IRR of 93% and capital payback within 11 months of first production.

Unlike most listed "silver" companies, Paris is a genuine primary silver project rather than a polymetallic or silver-equivalent operation, providing investors with direct leverage to the silver price.

Beyond the initial development, Paris sits within a 15-kilometre underexplored silver corridor, with multiple advanced targets highlighting significant district-scale growth potential. With the Definitive Feasibility Study complete, permitting well advanced and the project team strengthened with extensive mine development experience, Investigator Silver is focused on approvals, financing and execution as it progresses toward production.

Investigator Silver offers investors rare exposure to a world-class primary silver development in one of the world's premier mining jurisdictions. With approximately A$60 million in cash, a completed Definitive Feasibility Study, a clear permitting pathway and substantial district-scale exploration upside, Investigator Silver is well funded and well positioned to advance Paris toward development while maintaining direct leverage to the silver price.

At Mining Forum Australia

A Denver Gold Group member company

Member companies meet qualified investors in unmediated 1x1 Meetings at every Mining Forum. The 2027 issuer list is published as companies confirm.

Peer groupthe five most similar Denver Gold Group members, 1 = most similar

RankCompanyStageMineralsPrimary operationsMarket cap2025 productionReservesMatch by factor
This companyInvestigator SilverASX: IVRDeveloperSilverAustralia$102M33 Moz
1Sun SilverASX: SS1DeveloperSilver, GoldUnited States$104M
2Silver Mines LimitedASX: SVLDeveloperSilver, ZincAustralia$269M116.5 Moz
3Boab Metals LimitedASX: BMLDeveloperSilverAustralia$178M
4Blackrock Silver Corp.TSXv: BRCDeveloperSilver, GoldUnited States$304M
5Lahontan Gold CorpTSXv: LGDeveloperGold, SilverUnited States$117M

close partial distant not reported Dots run in the order market cap, stage, minerals, country, production, reserves. Similarity weighs market capitalisation 25%, stage of development 20%, primary and secondary minerals 20%, primary country of operations 10%, production 12.5% and reserves 12.5%, with sizes compared on a logarithmic scale. Production and reserves are compared only between companies with the same primary mineral, and a figure a company has not supplied is left out of the score instead of counting against it. A statistical grouping for orientation, not a recommendation or a valuation comparison.

Prepared for information only; it is not investment advice or a recommendation. Company data as supplied to Denver Gold Group by member companies and public market sources. Market figures in US dollars as at 20 September 2026.

BBG000BNP7T2

INVESTIGATOR SILVER LTD

Security description
IVR
Ticker
IVR
Exchange code
AU
Security type
Common Stock
Security type 2
Common Stock
Market sector
Equity
FIGI composite
BBG000BNP7T2 ↗
Share class
BBG001SF9J93 ↗
ISIN
AU000000IVR6

Financial Instrument Global Identifier record from OpenFIGI, as at 20 September 2026. The composite FIGI identifies the share in its country of listing; the share-class FIGI is the same on every market it trades on.