Silver Tiger Metals - Open-Pit PFS, Imminent Underground PEA, Permitting, and Regional Exploration

Recorded July 30, 2025: Glenn Jessome, CEO & President, and David Duncan, Vice President of Exploration of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joined us earlier today, July 30th, for a special live webinar. This video is the replay of that event.

We start off having Glenn review the key takeaways and metrics from the Pre-Feasibility Study (PFS) on the open-pit mining first phase at their 100% owned, silver-gold El Tigre Project in Mexico. He shares that a term sheet has been lined up from the capital stack, and what the anticipated timeline and action steps will be to move into #gold and #silver #production once their permit is received. We also have Glenn separate the facts from the media hyperbole and disinformation as it relates to mining and permitting in #Mexico.

Next we move into all the #exploration, #development, and derisking work that is going into the upcoming imminent Preliminary Economic Assessment (PEA) for the underground mine. The team at Silver Tiger has been compiling the last 5 years of work delineating the 113 million ounces of silver equivalent resources in the high-grade veins, shale, and sulphide zones underground portion of El Tigre, the metallurgical studies, and engineering work to be able to release the PEA by month’s end. This report will center around the already permitted underground scenario utilizing an 800 tonnes-per-day (tpd) mill, and focusing on the initial first 10 years of mine life.

We then expand the conversation, bringing in Dave Duncan, to highlight some of the ongoing fieldwork and targeting going on for the upcoming blue-sky regional drill program set to commence this fall around the La Protectora historic mine on trend with El Tigre to the north. Then Dave shares that there a not only are there multiple exploration targets around historic mining areas to the north, but also quite a few old mines and compelling targets to the south along the 25km strike-length of this mineralized trend. The team believes the mineralization seen around El Tigre extends along this trend and that there may be potential for multiple similar deposits of interest to be explored for.

TIMESTAMPS:

0:45 - Key takeaways from the Pre-Feasibility Study on the open pit
5:10 - Permitting in Mexico - separating signal from the media noise
7:31 - Timeline to build the open pit mine after receiving permit
9:09 - Gold and silver metals composition in open-pit versus underground, upcoming PEA
11:39 - Underground resources feeding into the upcoming PEA
13:49 - District-scale exploration to commence this fall, north of El Tigre
21:45 - Upside potential to north and south on this 25km mineralized trend
23:46 - Open-pit and underground types of mineralization likely keep repeating along trend
27:48 - When will the regional drilling begin, to test all the ongoing filedwork?
30:44 - La Protectora will be the first target to the north to get drilled this fall
32:52 - Rinse and repeat - Could there be multiple El Tigre sized deposits?
36:02 - Did the permitting standards change over the last year in Mexico?
37:56 - How are the metals recoveries looking in the sulphide zone underground?
40:19 - Share structure, vision of post-production company that may list on a large US exchange
46:16 - Wrapping up by looking ahead


If you have any follow up questions for Glenn or Dave regarding Silver Tiger Metals, then please email us at Fleck@kereport.com or Shad@kereport.com.
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In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording, and may choose to buy or sell shares at any time.
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