Silver Tiger Announces Receipt of All Required Approvals to Construct the El Tigre Stockwork Zone Silver-Gold Project

Executive Summary

• Silver Tiger Metals Inc. obtained all required approvals and permits from Mexico’s Federal Environmental Department (SEMARNAT) to construct the El Tigre Stockwork Silver‑Gold Project in Sonora.
• With regulatory clearance secured, the company can now move forward toward construction of the project outlined in its October 22, 2024 Preliminary Feasibility Study (PFS).
• The PFS projects a robust after‑tax NPV of US$222 million, IRR of 40%, and a 2‑year payback, underscoring the material positive impact of this approval on the company’s development timeline and valuation.

Key Details

• Regulatory Milestone: All required SEMARNAT approvals and permits for El Tigre have been received, removing the final regulatory barrier to construction.
• Project Economics (from PFS):
• After‑tax NPV (US$) – $222 million @ $2,150/oz Au, $26/oz Ag, 5% discount rate.
• After‑tax IRR – 40.0%.
• Payback period – 2.0 years.
• Mine life – 9 years (undiscounted after‑tax cash flow of US$318 million).
• Initial capital cost – $86.8 million (including $9.3 million contingency).
• Operating cash costs – $973/oz AuEq, $12/oz AgEq; AISC – $1,214/oz AuEq, $14/oz AgEq.
• Future Milestones: A Preliminary Economic Assessment (PEA) for the permitted underground mineral resource is expected in H2 2025.
• Environmental & Community Commitment: The company emphasizes sustainable practices and community well‑being around the El Tigre site.
• Investor Resources: VRIFY slide deck and 3D presentation available via the company website for virtual investor tours.

Notable Quotes

(No direct quotes were included in the release.)