Silver Tiger Metals has demonstrated remarkable progress in the development of its El Tigre project in Sonora, Mexico, with investments exceeding CAD 100 million. This includes CAD 75 million raised under challenging market conditions, underscoring the company's resilience and commitment to advancing its mining operations. The extensive exploration efforts, involving over 125,000 meters of drilling, have culminated in the announcement of a significant resource estimate in 2023 and the completion of a preliminary economic assessment (PEA) for the project's stockwork zone.
The PEA highlights the project's robust economic potential, with a net asset value nearing USD 300 million and an initial capital expenditure below USD 60 million. It forecasts a payback period of 1.7 years and anticipates generating approximately USD 500 million in after-tax free cash flow within the first decade. These figures underscore the project's viability and the strategic advantage of Sonora's mining-friendly environment, excellent logistics, and proximity to major mines.
Currently, Silver Tiger Metals is intensifying its drilling operations to transition from the PEA to a pre-feasibility study (PFS), expected to be released in the summer. This next phase aims to further derisk the project and enhance its economic prospects. The company's focus on expanding and defining underground resources through continued exploration is pivotal for the upcoming year, laying the foundation for future production phases and cementing its position for sustained success in the mining industry. For more information on Silver Tiger Metals and its projects, visit https://www.silvertigermetals.com.
