Silver Elephant begins toll milling from Apuradita Paca

Executive Summary

• Silver Elephant Mining Corp. has delivered >1,200 t of silver‑bearing material to a toll mill and expects the first concentrate shipment in October 2025 under a new offtake agreement.
• The company projects near‑term monthly production of 1,000–1,500 t of mineralized feed, with an estimated 10,000 t total for the initial six‑month campaign.
• Current mining method (shrinkage stoping) targets extraction rates of 50–100 t/day from two stopes averaging 30 m × 20 m × 4 m, with an average grade of 412 g/t Ag, 1.09 % Pb and 0.38 % Zn.

Key Details

• Toll‑Milling Commencement: Over 1,200 t of silver‑bearing material have been delivered to the toll‑milling facility in Bolivia.
• Concentrate Of‑take Agreement: Executed with a major international buyer; first shipment of Apuradita metal concentrates scheduled for October 2025.
• Production Forecast: Near‑term monthly output targeted at 1,000–1,500 t of silver‑bearing mineralized material.
• Six‑Month Campaign Estimate: Approximately 10,000 t of mineralized feed anticipated; potential extension pending delineation of additional zones.
• Mining Methodology: Shrinkage stoping employed on two stopes (≈30 m L × 20 m H × 4 m W). Target extraction rate: 50–100 t/day.
• Average Grade of Extracted Sulphide Material: 412 g/t Ag, 1.09 % Pb, 0.38 % Zn (derived from diamond‑drill data and internal geological/mining model).
• Quality Assurance/Control: Samples sent to ALS Global Laboratories (Oruro, Bolivia; analysis in Lima, Peru) using four‑acid digestion and fire assay with gravimetric finish; labs accredited ISO/IEC 17025:2017 & ISO 9001:2015.
• Qualified Person: Technical content prepared under supervision of Carlos Zamora, P.Geo., employee (not independent), qualified per NI 43‑101.

Notable Quotes

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