(NewsDirect)
Silver Tiger Metals CEO Glenn Jessomejoined Steve Darling from Proactive to provide further details aboutthe company's active development of its mining projects in Mexico,particularly focusing on the El Tigre project located in Sonora. Withover 30 years of experience in the mining industry and concentratedefforts on the 30,000-hectare El Tigre project since 2017-2018, SilverTiger Metals has achieved significant milestones.
According to Jessome, Silver Tiger Metalshas made substantial investments totaling over CAD 100 million,including CAD 75 million raised during challenging market conditionsover the past few years. This investment has enabled the company toconduct extensive exploration, with over 125,000 meters drilled. Theculmination of this exploration effort was the announcement of asubstantial resource estimate in 2023 and the completion of apreliminary economic assessment (PEA) for the stockwork zone of the ElTigre project.
The PEA revealed anet asset value of nearly USD 300 million, with an initial capitalexpenditure of less than USD 60 million. It also indicated a promisingpayback period of 1.7 years and projected approximately USD 500million in after-tax free cash flow over the first decade. Currently,Silver Tiger Metals is focused on ongoing drilling efforts aimed attransitioning the PEA into a pre-feasibility study (PFS), scheduledfor release in the summer. This PFS will further derisk and enhancethe economic viability of the project.
Sonora, known for its mining-friendly environment, offersexcellent logistics and proximity to major mines, providing strategicadvantages for the El Tigre project. Looking ahead, the upcoming yearis pivotal for Silver Tiger Metals, with key reports such as the PFSand continued exploration aimed at expanding and defining theunderground resources. These efforts will lay the groundwork forfuture production phases, positioning the company for long-termsuccess in the mining sector.
In summary, Silver TigerMetals' commitment to advancing the El Tigre project and itsimpressive achievements to date demonstrate its potential forsignificant growth and value creation. With a strategic focus onexploration and project development, the company is well-positioned tocapitalize on the vast potential of its mining assets inMexico.
Contact Details
Proactive NorthAmerica
Proactive North America
+1604-688-8158
NA-editorial@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.