Silver Elephant Signs Toll Milling Agreement and Ready to Start Apuradita Silver-Bearing Shipments in Early August 2025
Silver Elephant Mining (OTCQB:SILEF) has announced a significant operational milestone with the execution of a toll-milling agreement for its Apuradita Paca Project in Bolivia. The company will begin shipping silver-bearing materials in early August 2025, with a capacity to process up to 10,000 tonnes of oxide and sulphide materials.
Metallurgical tests have shown promising results, with sulphide samples achieving 92% silver recovery and producing concentrates grading 25,552 g/t Ag. The company has already stockpiled 1,000 tonnes of material and targets a monthly production of 1,000 to 2,000 tonnes. The main Apuradita tunnel has advanced 175 meters, with additional branch drifts extending 9 meters west and 14 meters east.
Silver Elephant Mining (OTCQB:SILEF) ha annunciato un importante traguardo operativo con la firma di un accordo di lavorazione a contratto per il suo Progetto Apuradita Paca in Bolivia. L'azienda inizierà a spedire materiali contenenti argento all'inizio di agosto 2025, con una capacità di lavorare fino a 10.000 tonnellate di materiali ossidati e solfuri.
I test metallurgici hanno mostrato risultati promettenti, con campioni di solfuri che hanno raggiunto un 92% di recupero dell'argento e la produzione di concentrati con una concentrazione di 25.552 g/t Ag. L'azienda ha già accantonato 1.000 tonnellate di materiale e punta a una produzione mensile compresa tra 1.000 e 2.000 tonnellate. Il tunnel principale di Apuradita è stato avanzato di 175 metri, con diramazioni aggiuntive di 9 metri a ovest e 14 metri a est.
Silver Elephant Mining (OTCQB:SILEF) ha anunciado un importante hito operativo con la ejecución de un acuerdo de molienda por peaje para su Proyecto Apuradita Paca en Bolivia. La compañía comenzará a enviar materiales portadores de plata a principios de agosto de 2025, con una capacidad para procesar hasta 10,000 toneladas de materiales oxidados y sulfurosos.
Las pruebas metalúrgicas han mostrado resultados prometedores, con muestras de sulfuros logrando un 92% de recuperación de plata y produciendo concentrados con una ley de 25,552 g/t Ag. La compañía ya ha acumulado 1,000 toneladas de material y apunta a una producción mensual de 1,000 a 2,000 toneladas. El túnel principal de Apuradita ha avanzado 175 metros, con derivaciones adicionales de 9 metros al oeste y 14 metros al este.
Silver Elephant Mining (OTCQB:SILEF)는 볼리비아에 위치한 Apuradita Paca 프로젝트를 위한 통밀링 계약 체결이라는 중요한 운영 이정표를 발표했습니다. 회사는 2025년 8월 초에 은 함유 자재를 운송하기 시작할 예정이며, 최대 10,000톤의 산화 및 황화물 자재를 처리할 수 있는 능력을 갖추고 있습니다.
야금학적 시험 결과는 유망한 결과를 보여주었으며, 황화물 샘플은 92%의 은 회수율을 달성했고, 25,552 g/t Ag 등급의 농축물을 생산했습니다. 회사는 이미 1,000톤의 자재를 비축했으며 월간 생산 목표는 1,000에서 2,000톤입니다. 주요 Apuradita 터널은 175미터 진전되었고, 추가 분기 갱도는 서쪽으로 9미터, 동쪽으로 14미터 확장되었습니다.
Silver Elephant Mining (OTCQB:SILEF) a annoncé une étape opérationnelle importante avec la signature d'un accord de traitement à façon pour son projet Apuradita Paca en Bolivie. La société commencera à expédier des matériaux contenant de l'argent début août 2025, avec une capacité de traitement allant jusqu'à 10 000 tonnes de matériaux oxydés et sulfurés.
Les tests métallurgiques ont donné des résultats prometteurs, avec des échantillons de sulfures atteignant un taux de récupération de l'argent de 92% et produisant des concentrés avec une teneur de 25 552 g/t Ag. La société a déjà stocké 1 000 tonnes de matériau et vise une production mensuelle de 1 000 à 2 000 tonnes. Le tunnel principal d'Apuradita a progressé de 175 mètres, avec des galeries secondaires supplémentaires s'étendant de 9 mètres à l'ouest et 14 mètres à l'est.
Silver Elephant Mining (OTCQB:SILEF) hat einen bedeutenden betrieblichen Meilenstein mit dem Abschluss eines Lohnverarbeitungsvertrags für sein Apuradita Paca Projekt in Bolivien bekannt gegeben. Das Unternehmen wird Anfang August 2025 mit dem Versand von silberhaltigem Material beginnen und verfügt über eine Kapazität zur Verarbeitung von bis zu 10.000 Tonnen Oxid- und Sulfidmaterialien.
Metallurgische Tests zeigten vielversprechende Ergebnisse, wobei Sulfidproben eine 92%ige Silberrückgewinnung erreichten und Konzentrate mit einem Gehalt von 25.552 g/t Ag produzierten. Das Unternehmen hat bereits 1.000 Tonnen Material gelagert und strebt eine monatliche Produktion von 1.000 bis 2.000 Tonnen an. Der Hauptstollen von Apuradita wurde um 175 Meter vorangetrieben, mit zusätzlichen Seitenstollen, die 9 Meter nach Westen und 14 Meter nach Osten verlängert wurden.
- Metallurgical tests showed excellent recovery rates of up to 92% silver for sulphide samples
- High-grade concentrate production confirmed: 25,552 g/t Ag for sulphide and 14,493 g/t Ag for oxide samples
- Secured logistics with dedicated fleet of 20-ton trucks for daily operations
- Already stockpiled 1,000 tonnes of silver-bearing materials ready for processing
- Resource estimate is not a reserve estimate and lacks demonstrated economic viability
- Test results are from laboratory scale samples and may not reflect full-scale plant performance
- Significant transportation distance of 180 km to the Toll Milling Facility may impact costs
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce that it will commence shipping silver-bearing materials from its Apuradita Paca Project ("Apuradita") in Bolivia for toll milling. Shipments will begin the first week of August under a newly executed toll-milling agreement with an arms-length Bolivian private company.
Pursuant to the terms of the toll-milling agreement dated July 7, 2025, Silver Elephant's Bolivian subsidiary will deliver up to 10,000 tonnes of oxide and sulphide-bearing materials for treatment at a fixed toll milling fee. The agreement may be extended as more Apuradita resource is developed. The toll milling facility (the "Toll Milling Facility") will generate a high-grade lead - silver and zinc - silver concentrates from the Apurdita silver materials feed. The Company will then sell the concentrates to an international concentrate buyer under a proposed contract.
As at July 23, 2025, the Company has stockpiled approximately 1,000 tonnes of silver-bearing materials from Apuradita. The mineralized materials will be trucked to the Toll Milling Facility for processing located approximately 180 km from Apuradita. The Apuradita mining claim is registered under Silver Elephant's Bolivia subsidiary with the Bolivian Jurisdictional Administrative Mining Authority. Apuradita is not within the area covered under the Mining Production Contract between the Company and the Corporacion Minera de Bolivia (COMIBOL).
Silver Elephant maintains its near-term monthly production target of 1,000 to 2,000 tonnes of silver-mineralized materials. The Company currently forecasts approximately 10,000 tonnes of mineralized feed over the first campaign, with further upside potential once additional resources are developed.
To date, the main Apuradita tunnel has advanced approximately 175 meters, and in addition, branch drifts of 9 meters to the west and 14 meters to the east have been developed, each positioned to access additional mineralized zones. Logistics have been secured with a fleet of 20-ton trucks operating on a daily rotation between the mine and the Toll Milling Facility.
Metallurgical tests
Independent bench-scale metallurgical tests carried out at the Toll Milling Facility in July 2025 confirmed that conventional flotation efficiently treats materials coming from the Apuradita project:
Sulphide samples - produced a concentrate assaying 25,552 g/t Ag and
56.6% Pb with recoveries up to92% silver and87% lead based on two sulphide samples, each weighing 900 grams and grading 158 g/t Ag,0.46% Pb,0.4% Zn.Oxide samples - produced a concentrate assaying 14,493 g/t Ag with
79.5% silver recovery based on two oxide samples, each weighing 900 grams and grading 244 g/t Ag and1% Pb.
These results confirm that both the sulphide and oxide materials from Apuradita respond well to conventional flotation techniques and can produce marketable concentrates that meet smelter specifications.
These tests were conducted on a laboratory scale on limited samples and are not necessarily indicative of full-scale plant performance. Recoveries, grades, reagent consumption and operating conditions may vary materially once commercial-scale processing is undertaken. Investors are cautioned not to place undue reliance on these preliminary results. Data verification consisted of confirming that all samples were taken from within the mineralized zones currently being developed for toll-milling. The Qualified Person ("QP") checked that the sampling protocol used was applicable for the metallurgical test work. In the QP's opinion, the test work conducted was completed by a reputable metallurgical testing facility and used industry-standard methods.
As outlined in the news release dated July 8, 2024, sulphide mineralized materials at Apurdita will be mined using the shrinkage stoping method. The two stopes are designed with approximate dimensions of 30 meters in length x 20 meters in height x 4 meters in width, with a targeted average extraction rate of 50 to 100 tonnes per day. The calculated average grade of extracted and sorted sulphide materials is 412 g/t Ag,
Several examples of high-grade intercepts within the Apuradita mineralized zone include:
| Hole ID | From (m) | To (m) | Length (m) | True Width (m) | Ag (g/t) | Pb (%) | Zn (%) |
| PND004 | 86 | 97 | 11 | 7.78 | 481 | 0.47 | 0.2 |
| PND008 | 47 | 63 | 16 | 11.31 | 507 | 1.14 | 0.57 |
| PND008 | 111.9 | 127 | 15.1 | 10.68 | 424 | 1.96 | 2.65 |
| PND023 | 125 | 157 | 32 | 26.21 | 437 | 1.69 | 1 |
| PND092 | 38 | 52 | 14 | 9.9 | 522 | 0.77 | 0.09 |
| PND110 | 61 | 72 | 11 | 7.78 | 715 | 2.14 | 2.10 |
The full drill hole assay results were previously released on SEDAR+ from 2015 to 2025.
The assumptions set out above are based on a resource estimate at Apuradita that is not a reserve estimate. Mineral resources that are not mineral reserves do not have demonstrated economic viability and therefore should not be relied upon.
The Company is thankful for continued support from local communities.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Carlos Zamora a member of the American Institute of Professional Geologists (AIPG) and a Certified Professional Geologist (CPG) since 2024, who is an employee of the Company and is not considered independent. Mr. Zamora is a qualified person as defined by National Instrument 43-101.
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.
Further information on Silver Elephant can be found at www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
CEO and Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the timing to begin shipments of mineralized materials to the Toll Milling Facility, entering into a sales agreement with an international off taker, the anticipated quantity and grade of the concentrate from the Toll Milling Facility, the near-term delivery targets of 1,000 to 2,000 tonnes per month, the total number of tonnes of materials to be delivered to the Toll Mill Facility, the ability to deliver further material upon the expiry of the toll milling agreement referenced herein, the ability of the Toll Milling Facility to process all mineralized material delivered from Apuradita, production at the Apuradita tunnel achieving a rate of 50 to 100 tonnes per day, the anticipated quantity and grade of any mineralized material delivered to the Toll Milling Facility.
Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.
Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259875
FAQ
When will Silver Elephant Mining (SILEF) start shipping silver-bearing materials from Apuradita?
What are the silver recovery rates from Apuradita's metallurgical tests?
What is the monthly production target for Silver Elephant's Apuradita project?
How much material has Silver Elephant stockpiled at Apuradita as of July 2025?
What is the total processing capacity under the new toll-milling agreement?
