06:56 AM EST, 01/28/2025 (MT Newswires) -- Vizsla Silver ( VZLA ) on Tuesday provided its key objectives for 2025 and a 2024 year-end summary of activities at the Panuco silver-gold property in Mexico.

The company expects to advance its Copala test mine development and bulk sample program and complete a fourth round of metallurgical testing in the first half of 2025.

Vizsla plans to deliver a feasibility study in the second half of 2025. Around 12,000 meters of geotechnical drilling will be completed to support the feasibility study.

The company will also complete around 25,000 meters of ongoing discovery-based and resource expansion drilling.

In 2024, Vizsla focused on derisking Panuco Project 1, culminating in the announcement of a preliminary economic assessment in June 2024.

The PEA highlighted 15.2 million ounces of silver equivalent of annual production over an initial 10.6-year mine life and an after-tax net present value discounted at 5% of US$1.1 billion.

Drilling in 2024 led to an updated mineral resource estimate published in early January 2025, highlighting an estimated in-situ combined measured and indicated mineral resource of 222.5 million ounces of silver equivalent and an in-situ inferred resource of 138.7 million ounces of silver equivalent.

Vizsla Silver ( VZLA ) also raised $95 million in 2024 in two financings: $34.5 million at $1.50 per share in February and $65 million at $2.6 per share in September.

Vizsla aims to achieve first silver from Panuco Project 1 in 2027. In 2025, the company will remain focused on derisking the project to advance permitting and project financing to support a construction decision.