Silver X's Nueva Recuperada PEA Shows $440M NPV and Path to Mid-Tier Silver Producer

Silver X Mining Corp. has announced results from a new Preliminary Economic Assessment that demonstrates a district-scale project with combined mining and processing capacity of 3,000 tonnes per day and annual metal production exceeding 6 million ounces silver equivalent. The PEA, prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, reveals a 14-year life of mine with an after-tax net present value of $439 million at a 5% discount rate and 69% internal rate of return.

The study confirms Silver X's strategic plan to operate two mines within the Nueva Recuperada Silver District: the Tangana Mining Unit, the company's flagship operation since 2021 with a large and expanding resource base, and the Plata Mining Unit located in the southern part of the district, historically known for higher-grade mineralization. CEO José García stated that the PEA supports the company's vision to increase production by up to six times within the next few years through two milling facilities - a new 1,500 tpd mill at Tangana and an expansion of the existing Recuperada mill to 1,500 tpd to process ore from the Plata Mining Unit.

Financial metrics from the assessment show life of mine cash costs of $11.8 per ounce silver equivalent and all-in sustaining costs of $15.8 per ounce silver equivalent. Initial capital expenditure is estimated at $82 million, including 13% contingency, for the new processing facility, dry-stacked tailings and mine development. The project economics position Silver X to scale into a mid-tier silver producer, with aggressive upcoming drill campaigns aimed at both upgrading resource categories and expanding tonnage and grades across the district.

The mineral resource estimate has been updated within the 2025 PEA with new block models, following CIM Definition Standards. The company is progressing with environmental permitting, with a new Environmental and Social Impact Assessment for the Tangana Mining Unit in final stages and expected approval before the end of 2025 through work with SENACE (the National Service for Environmental Certification, Ministry Environment). The technical report relating to the PEA will be filed on SEDAR and posted to the company's website within 45 days of the news release.