Silver Tiger Metals: 2024 Success, 2025 Outlook, and the Road Ahead

Silver Tiger Metals Inc. (TSXV:SLVR, OTCQX:SLVTF) has provided a comprehensive review of its 2024 highlights and an outlook for 2025, showcasing the company's progress and plans for the El Tigre Project in Sonora, Mexico. With $7.0 million in cash on hand as of September 30, 2024, Silver Tiger is well-positioned to execute its strategic objectives for the coming year.

2024 Highlights

Silver Tiger's 2024 achievements include:

1. Preliminary Feasibility Study (PFS): The company delivered a PFS with an After-Tax NPV of US$222 million, an After-Tax IRR of 40%, and a 2.0-year payback period. The project features a 10-year mine life, recovering a total of 43 million payable silver equivalent ounces (AgEq), with initial capital costs of $86.8 million and average AISC of $1,214/oz AuEq.
2. Updated Mineral Resource Estimate (MRE): Silver Tiger announced an updated MRE, which includes an Out-of-Pit Mineral Resource that the company intends to evaluate in a Preliminary Economic Assessment (PEA) scheduled for H1-2025. The updated MRE highlights an increase of 132% in Total Measured & Indicated Silver Equivalent Ounces from September 2023 MRE, with a 59% increase in Measured & Indicated AgEq grade.
3. Underground Drilling Campaign: Silver Tiger commenced an underground drilling campaign targeting the high-grade Veins, the Sulfide Zone, and the Shale Zone in late 2024. The company expects to deliver a PEA for the permitted underground resource during H1-2025.

2025 Objectives

Silver Tiger's key objectives for 2025 include:

1. Completing a planned underground 5,000-meter drill program.
2. Continuing drilling the high-grade Veins, Sulfide Zone, and Shale Zone from underground drill pads, with the first drill results expected in January 2025.
3. Delivering a Preliminary Economic Assessment (PEA) for the permitted underground resource during H1-2025.
4. Securing project financing for the open pit portion of the Project.
5. Making a construction decision upon receipt of the open pit permit.

Silver Tiger's strategic planning and execution in 2024 have contributed significantly to its success, as evidenced by the completion of key milestones and the delivery of positive results. The company's exploration and drilling efforts have enhanced its mineral resource base, while its financial management and project financing efforts have positioned it for growth in 2025 and beyond. With a strong cash position, a robust PFS, and a clear roadmap for the coming year, Silver Tiger is well-positioned to continue its progress at the El Tigre Project.