Silver Elephant begins trucking, milling at Apuradita

Executive Summary

• Silver Elephant Mining Corp. began trucking silver‑mineralized material from the Apuradita Paca project in Bolivia to a 400‑t/day toll‑mill in Potosí on Aug. 29, 2025.
• The company forecasts near‑term monthly production of 1,000–2,000 tonnes of silver‑bearing feed and plans to process ~10,000 tonnes in the initial campaign, with upside from additional zones.
• High‑grade silver‑bearing veinlet systems were intersected during tunnel development; a 10‑m wide highly mineralized interval was sampled but not yet included in the resource model.

Key Details

• Start of trucking: Commenced Aug 29 2025, moving material from Apuradita Paca to a toll‑mill located ~180 km away in Potosí.
• Processing arrangement: Toll‑milling at 400 t/day plant to produce silver‑lead‑zinc concentrate sold at spot silver price.
• Stockpiled feed: Approximately 855 tonnes of material already stockpiled for toll‑ milling.
• Production forecast: Near‑term monthly throughput of 1,000–2,000 tonnes of silver‑bearing mineralized material.
• Initial campaign target: ~10,000 tonnes of mineralized feed to be processed in the first toll‑milling campaign.
• Mining method: Shrinkage stoping; two stopes sized ~30 m L × 20 m H × 4 m W with extraction rate 50–100 t/day.
• Average grade of extracted sulphide material: 412 g/t Ag, 1.09 % Pb, 0.38 % Zn (based on diamond drill holes and internal model).
• High‑grade intercepts: Channel sampling along tunnel walls intercepted a 10‑m wide highly mineralized interval not yet modeled; additional high‑grade veinlet systems identified.
• Resource status: Current estimates are mineral resources, not reserves; economic viability not demonstrated.
• Qualified person: Technical content prepared under supervision of Carlos Zamora, CPG, AIPG (qualified person per NI 43‑101).

Notable Quotes

(No direct quotes were provided in the release.)