Silver Tiger Metals, a mining company focused on developing projects in Mexico, has made significant strides in advancing its El Tigre project located in Sonora. With over CAD 100 million invested, including CAD 75 million raised during challenging market conditions, the company has conducted extensive exploration, drilling over 125,000 meters.
The culmination of these efforts was the announcement of a substantial resource estimate in 2023 and the completion of a preliminary economic assessment (PEA) for the stockwork zone of the El Tigre project. The PEA revealed a promising net asset value of nearly USD 300 million, with an initial capital expenditure of less than USD 60 million. It also indicated a payback period of 1.7 years and projected approximately USD 500 million in after-tax free cash flow over the first decade.
Currently, Silver Tiger Metals is focused on ongoing drilling efforts aimed at transitioning the PEA into a pre-feasibility study (PFS), scheduled for release in the summer. This PFS will further derisk and enhance the economic viability of the project. Sonora’s mining-friendly environment, excellent logistics, and proximity to major mines provide strategic advantages for the El Tigre project.
The upcoming year is pivotal for Silver Tiger Metals, with key reports such as the PFS and continued exploration aimed at expanding and defining the underground resources. These efforts will lay the groundwork for future production phases, positioning the company for long-term success in the mining sector.
This news story relied on a press release distributed by News Direct. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Silver Tiger Metals Poised for Significant Growth with El Tigre Project.