Silver Tiger Reveals Positive PEA and PFS Evaluations for El Tigre Project

Silver Tiger Metals Inc. announced a favorable Preliminary Economic Assessment (PEA) for the underground El Tigre project and an updated Pre-Feasibility Study (PFS) for the Stockwork Zone in Sonora, Mexico. The underground PEA reports an after-tax net present value (NPV) of $304 million with a 42.8% internal rate of return (IRR). The project promises a 15-year mine life, producing 38 million ounces of silver equivalent.

The Stockwork Zone's updated PFS presents an after-tax NPV of $456 million with a 65.7% IRR over a decade. The zone is projected to yield 43 million ounces of silver equivalent. Both evaluations are based on silver priced at $38/oz and gold at $3,200/oz.

Initial capital costs are reported at $83.5 million and $86.8 million for the PEA and PFS respectively, with additional sustaining capital costs planned over their life. This strategic financial outlook positions Silver Tiger profitably amidst high silver and gold prices.