Kanmantoo to Paris: Investigator Silver's pure play Silver Project with MD Lachlan Wallace (ASX:IVR)

Investigator Silver (ASX: IVR) Managing Director Lachlan Wallace joins LEVRD to break down the Paris Silver Project — a 100%-owned, pure-play silver development on South Australia's Eyre Peninsula. Fresh off five senior appointments and a completed DFS, we cover the path from study to construction: economics, funding, permitting and timeline to first silver doré.

Lachlan has built four projects, including taking Kanmantoo from concept to first copper in ~8 months. We dig into how that experience translates to a ~A$260m greenfield silver build, the silver market backdrop, and the genuine risks behind the headline numbers.

Topics covered:

- Five new senior hires & the team to deliver Paris

- Kanmantoo lessons applied to Paris

- Silver thesis 2026: 6th straight deficit vs price volatility

- DFS: NPV A$1.15B, IRR 93%, ~11-month payback

- Whole-ore cyanide leach & on-site doré vs concentrate

- Recovery, grade & reserve confidence

- Balance sheet, the ~A$200m funding gap & path to FID

- Permitting, native title & water

- Timeline to first silver

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