Silver Tiger Outlines 2024 Achievements and Plans for 2025

Silver Tiger Metals Inc. has disclosed a comprehensive review of its 2024 activities and outlined key objectives for 2025. The Corporation, which operates the El Tigre Project in Sonora, Mexico, plans to leverage the $7 million in cash on hand to execute a 5,000-meter underground drilling program this year.

Major highlights from 2024 include the completion of a Preliminary Feasibility Study (PFS) that projects an After-Tax Net Present Value (NPV) of $222 million and an After-Tax Internal Rate of Return (IRR) of 40%. Additionally, an updated Mineral Resource Estimate for the Stockwork Zone was achieved.

In 2025, Silver Tiger aims to finalize a Preliminary Economic Assessment for the underground resource and pursue financing for the open pit project. Initial results from underground drilling targeting high-grade veins are expected in January 2025. A construction decision will follow the receipt of the open pit permit.