• Silver Tiger’s El Tigre PFS demonstrates the project’s robust economics, with an after-tax NPV of $222 million (at a 5% discount rate) and an impressive IRR of 40%. These figures are based on conservative long-term price assumptions of $26/oz silver and $12,150/oz gold.
• Silver Tiger Metals already holds permits for an 800 tpd underground mine at El Tigre and has submitted amendments to allow for open pit mining and expects to receive the necessary open pit approvals in the first half of 2025, paving the way for a rapid 12-18 month construction period.
• Initial production from the El Tigre open pit is targeted for mid-2026 at a rate of approximately 5 million ounces of silver per year.
• While the PFS only considered open pit mining, there is substantial exploration potential in the historic underground mine areas at El Tigre where multiple high-grade silver zones in the hanging wall and footwall of the old workings were identified as well as a previously unknown bulk tonnage silver-gold-base metal sulfide zone.
• Underground drilling is set to resume imminently with the goal of expanding resources and delivering a Preliminary Economic Assessment (PEA) in the first half of 2025. A longer-term vision of growing production to 8+ Moz silver equivalent per year from the open pit and underground combined.

Courtesy of Silver Tiger Metals, and Crux Investor