Silver Equivalent

Silver X Mining Corp. released a Preliminary Economic Assessment (PEA) for its Nueva Recuperada project, targeting 6.2 million ounces of silver equivalent annually over a 14-year mine life. The PEA outlines a $439 million after-tax NPV (5% discount) and a 3-year payback, with an initial CapEx of $82 million. Production is planned across two mills at 3,000 tpd. The study relies on inferred resources, carrying inherent risks, and production decisions are not based on proven reserves or a feasibility study.

Blackrock Silver has commenced a fully-funded 5,000-meter expansion drill program at its Tonopah West project in Nevada. Following successful scout drilling, which extended the DPB South zone 1,200 meters eastward, the program will utilize three drill rigs across 15 holes. Scout drilling revealed high-grade mineralization, including 2,063 g/t silver equivalent over 1.52 meters. This newly defined zone, outside the 2024 resource, offers significant growth potential. Program completion is expected in October, with results incorporated into a Q1 2026 resource update.