Core Viewpoint - Silver Elephant Mining Corp. has signed a toll milling agreement to commence shipping silver-bearing materials from its Apuradita Paca Project in Bolivia, with shipments starting in early August 2025 [1][2]. Group 1: Toll Milling Agreement - The toll milling agreement, dated July 7, 2025, allows Silver Elephant's Bolivian subsidiary to deliver up to 10,000 tonnes of oxide and sulphide-bearing materials for treatment at a fixed toll milling fee [2]. - The agreement may be extended as more resources from Apuradita are developed, and the milling facility will produce high-grade lead-silver and zinc-silver concentrates [2][4]. Group 2: Production and Logistics - As of July 23, 2025, the company has stockpiled approximately 1,000 tonnes of silver-bearing materials, which will be transported to the Toll Milling Facility located about 180 km from Apuradita [3]. - The company aims for a near-term monthly production target of 1,000 to 2,000 tonnes of silver-mineralized materials, forecasting around 10,000 tonnes of mineralized feed for the first campaign [4]. Group 3: Metallurgical Testing - Independent metallurgical tests conducted in July 2025 confirmed that conventional flotation effectively treats materials from the Apuradita project, producing marketable concentrates that meet smelter specifications [6]. - Sulphide samples yielded a concentrate with 25,552 g/t Ag and 56.6% Pb, achieving recoveries of up to 92% silver and 87% lead [8]. - Oxide samples produced a concentrate with 14,493 g/t Ag and a recovery rate of 79.5% silver [8]. Group 4: Mining Operations - The main Apuradita tunnel has advanced approximately 175 meters, with additional branch drifts developed to access more mineralized zones [5]. - The mining method for sulphide materials will be shrinkage stoping, targeting an average extraction rate of 50 to 100 tonnes per day, with an average grade of 412 g/t Ag, 1.09% Pb, and 0.38% Zn [10]. Group 5: High-Grade Intercepts - Several high-grade intercepts within the Apuradita mineralized zone have been reported, with notable examples including: - Hole PND004: 7.78 g/t Ag over 11 meters - Hole PND008: 11.31 g/t Ag over 16 meters - Hole PND023: 26.21 g/t Ag over 32 meters [11].