Silver X Mining Corp. Releases Positive PEA with Significant Growth Potential

Silver X Mining Corp. has announced a promising new Preliminary Economic Assessment (PEA) for its Nueva Recuperada Silver District. This study highlights a district-scale project with a mining and processing capacity of 3,000 tpd, projecting an annual metal production exceeding 6 million ounces of silver equivalent. The PEA indicates an after-tax NPV of $440 million, with an impressive 69% internal rate of return.

The PEA supports Silver X's strategic plan for operating two mines within the district: Tangana and Plata. The company plans to build a new 1,500 tpd milling facility at Tangana while expanding the existing 720 tpd mill to the same capacity. This expansion aims to increase production by up to six times in the coming years.

The initial capital expenditure is estimated at $82 million, accommodating new processing facilities and mine development. The project presents robust economics, solidifying Silver X's transition to a mid-tier silver producer. Additionally, an aggressive drilling campaign is underway to enhance resource categories and expand tonnage across the district.