Paris Silver Project, SA

Investigator Silver Limited (IVR) | Definitive Feasibility Study and maiden Ore Reserve | Released 27 Feb 2026

Mine life

11 years

Construction + 108 months operating

Strip ratio

5.96:1

Waste to ore, LOM

NPV

A$1,154m

Pre-tax, 8%, spot case US$80/oz

Capex

A$260m

Development funding (max negative cash)

Inferred share: Inferred 14% of production target

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

Inferred 14% of production target | Max inter-ramp ~34-42° soil, ~42° metasediments, ~47° dolomite; batter face ~50-65°, ~65°, ~75° | Dilution and ore loss within MIK model | Contract mining

Also in the release

Head grade 91 g/t Ag, 78% silver recovery, 1.5 Mtpa plant. AISC A$39.70/oz. Post-tax NPV8 A$832m (spot); consensus case (US$60.18/oz) pre-tax NPV8 A$618m.

Read the release on the company's siteAdded to the tracker; released before the first issue of The Study Sheet.

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