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Silver Tiger Announces PFS With NPV of US$222M for the Stockwork Zone of the El Tigre Silver-Gold Project, Sonora, Mexico
HALIFAX, NS / ACCESSWIRE / October 22, 2024 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) ...
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"Silver Tiger Announces PFS With NPV of US$222M for the Stockwork Zone of the El Tigre Silver-Gold Project, Sonora, MexicoHALIFAX, NS / ACCESSWIRE / October 22, 2024 / Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF) (\"Silver Tiger\" or the \"Corporation\") is pleased to announce a Preliminary Feasibility Study (\"PFS\") for its 100% owned, silver-gold El Tigre Project (the \"Project\" or \"El Tigre\") located in Sonora, Mexico. The PFS is focused on the conventional open pit mining economics of the Stockwork Mineralization Zone defined in the updated Mineral Resource Estimate (\"MRE\") (Figure 1). 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.Glenn Jessome, President & CEO stated \"We are very pleased with the work completed by our consultants and our technical team on the PFS for the open pit at El Tigre. The open pit delivers robust economics with an NPV of US$222 million, an initial capital expenditure of US$87 million, and a payback of 2 years with 3 years of production in the Proven category in the ‘Starter Pit using metal prices greatly discounted to the spot price.\" Mr. ...