Business
Silver Tiger Announces Filing of Updated Mineral Resource Estimate and Pre-Feasibility Study Technical Report for the El Tigre Silver-Gold Project
HALIFAX, NS / ACCESSWIRE / December 6, 2024 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) ...
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"Silver Tiger Announces Filing of Updated Mineral Resource Estimate and Pre-Feasibility Study Technical Report for the El Tigre Silver-Gold ProjectHALIFAX, NS / ACCESSWIRE / December 6, 2024 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) (\"Silver Tiger\" or the \"Corporation\") is pleased to announce the filing of a Preliminary Feasibility Study (\"PFS\") for its 100% owned, silver-gold El Tigre Project (the \"Project\" or \"El Tigre\") located in Sonora, Mexico. The Technical Report supports the scientific and technical disclosure in the Company's news release dated October 22, 2024, announcing the results of an updated Mineral Resource Estimate and Pre-Feasibility Study. The Technical Report is available at www.sedarplus.ca under the Company's profile.The updated MRE also contains an Out-of-Pit Mineral Resource that Silver Tiger plans to study in a Preliminary Economic Assessment in H1-2025.Highlights of the PFS are as follows (all figures in US dollars unless otherwise stated):After-Tax net present value (\"NPV\") (using a discount rate of 5%) of US$222 million with an After-Tax IRR of 40.0% and Payback Period of 2.0 years (Base Case);10-year mine life recovering a total of 43 million payable silver equivalent ounces (\"AgEq\") or 510 thousand payable gold equivalent ounces (\"AuEq\"), consisting of 9 million silver ounces and 408 thousand gold ounces;Total Project undiscounted after-tax cash flow of US$318 million;Initial capital costs of $86.8 million, which includes $9.3 million of contingency costs, over an expected 18-month build, expansion capital of $20.1 million in year 3 and sustaining capital costs of $6.2 million over the life of mine (\"LOM\");Average LOM operating cash costs of $973/oz AuEq, and all in sustaining costs (\"AISC\") of $1,214/oz AuEq or Average LOM operating cash costs of $12/oz AgEq, and all in sustaining costs (\"AISC\") of $14/oz AgEq;Average annual production of approximately 4.8 million AgEq oz or 56.7 thousand AuEq oz; andThree (3) years of production in the Proven category in the Phase 1 Starter Pit.Preliminary Feasibility SummaryThe PFS was prepared by independent consultants P&E Mining Consultants Inc. (\"P&E\"), with metallurgical test work completed by McClelland Laboratories, Inc. - Sparks, Nevada, process plant design and costing by D.E.N.M. Engineering Ltd., environmental ...