# Silver Tiger Announces Filing of a PEA for the Underground and an Updated Pre-Feasibility Study Technical Report for the El Tigre Silver-Gold Project

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver-tiger-announces-filing-of-a-pea-for-the-underground-and-an-updated-pre-fe--1c828d6c-831c-4b51-b572-85ca52446a73

Original source: https://money.tmx.com/en/quote/SLVR/news/5984617997106038/silver-tiger-announces-filing-of-a-pea-for-the-underground-and-an-updated-pre-fe

Publisher: tmx

Original announcement: 2026-01-23T22:20:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Silver Tiger Metals Inc.

- Ticker: SLVR

- Exchange: TSX

- Region: Sonora, Mexico

- Primary commodity: Silver

- Secondary commodities: Gold

- Document categories: Economic study, Resource update

- Extracted: 2026-09-16 22:55:12 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Silver Tiger Metals has filed a new Preliminary Economic Assessment \(PEA\) for the underground portion of the El Tigre Project and an updated Pre-Feasibility Study \(PFS\) for the Stockwork Zone. The underground PEA shows an NPV of $304M and an IRR of 42.8%, while the updated PFS reports an NPV of $456M and an IRR of 65.7%.

Reasoning: The announcement delivers two major technical milestones: a new underground PEA and an updated PFS for the Stockwork Zone, both showing robust economics with high IRRs and short payback periods.

- Positive factor: Strong economics for both PEA and updated PFS

- Positive factor: High IRR \(65.7% for PFS\)

- Positive factor: Short payback period \(1.4 years for PFS\)

- Positive factor: Significant silver-gold production scale

- Negative factor: PEA is for underground only, PFS is for Stockwork Zone

Facts used in scoring: 2

## Classification and evidence

**PFS Complete**

Polarity: positive

Definition: AACE Class 3 study complete.

Why it applies: The company announced an updated Pre-Feasibility Study for the Stockwork Zone.

Evidence · text

> updated Pre-Feasibility Study \("PFS"\) on the Stockwork Zone

**PEA Only**

Polarity: neutral

Definition: Only Class 4 / Initial Assessment economics available. Not bankable.

Why it applies: A new Preliminary Economic Assessment was filed for the underground portion.

Evidence · text

> filing of a Preliminary Economic Assessment \("PEA"\) on the underground

**High IRR**

Polarity: positive

Definition: Post-tax real unlevered IRR in the strong tier or better.

Why it applies: The updated PFS reports an After-Tax IRR of 65.7%.

Evidence · text

> After-Tax IRR of 65.7%

**Fast Payback**

Polarity: positive

Definition: Payback in the strong tier or better, on the required basis.

Why it applies: The PFS payback period is 1.4 years.

Evidence · text

> Payback Period of 1.4 years

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.