Silver Tiger Metals has made notable progress with its El Tigre project in Sonora, Mexico, investing over CAD 100 million into exploration and development, including CAD 75 million raised under challenging market conditions. The company's extensive exploration efforts, involving over 125,000 meters of drilling, have culminated in a substantial resource estimate announced in 2023 and the completion of a preliminary economic assessment (PEA) for the project's stockwork zone.
The PEA highlights the project's robust economic potential, with a net asset value nearing USD 300 million and an initial capital expenditure below USD 60 million. It forecasts a payback period of just 1.7 years and approximately USD 500 million in after-tax free cash flow over the first decade. These figures underscore the project's viability and the strategic advantage of its location in Sonora, known for its mining-friendly policies, excellent logistics, and proximity to major mines.
Currently, Silver Tiger Metals is intensifying its drilling efforts to transition from the PEA to a pre-feasibility study (PFS), expected to be released in the summer. This next phase aims to further derisk the project and enhance its economic prospects. The upcoming year is critical for the company, with the PFS and continued exploration efforts focused on expanding and defining underground resources. These steps are essential for laying the foundation for future production phases and securing the company's position in the competitive mining sector.
The El Tigre project's advancement represents a significant milestone for Silver Tiger Metals, showcasing the potential for substantial returns and long-term growth in the mining industry. For more information on the project's development, visit https://www.silvertigermetals.com.
