Silver Tiger's El Tigre Project: PFS Reveals Promising Economic Potential

Silver Tiger Metals Inc. has announced a Preliminary Feasibility Study (PFS) for its El Tigre silver-gold project in Sonora, Mexico. This study highlights a net present value (NPV) of US$222 million with an internal rate of return (IRR) of 40.0%. The project anticipates a 10-year mine life, recovering 43 million silver equivalent ounces. Initial capital costs are estimated at $86.8 million with a payback period of two years.

The project's annual production is about 4.8 million silver equivalent ounces. The study focuses on conventional open pit mining in the Stockwork Zone. Future assessments will explore underground resources, which have shown promising figures, enhancing project potential.

Key economic assumptions position the El Tigre Project well, even with variable commodity prices or higher costs. Silver and gold prices used in the study are set at $26/oz and $2,150/oz respectively, confirming robust project economics under diverse scenarios.