New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announced results from an updated preliminary economic assessment (PEA) for its Carangas project in Bolivia, revealing a post-tax net present value (5% discount) of $2.65 billion and an internal rate of return of 35.9%. The study assumes metal prices of $45 per ounce silver, $3,400 per ounce gold, $1.20 per pound zinc, and $0.90 per pound lead. The updated PEA incorporates a higher processing throughput and includes the project's gold zone for the first time, outlining a 19-year mine life with average annual payable silver production of 10.6 million ounces. Initial capital costs are estimated at $644.5 million, with a post-tax payback period of 2.4 years.
The Carangas project, located in Oruro, Bolivia, is one of two advanced precious metals projects in the company's portfolio, alongside the Silver Sand project in Potosí. The updated study underscores the project's robust economics and its potential to become a significant silver and gold producer. New Pacific Metals plans to continue advancing the project through a planned 30,000-meter infill drilling program while progressing permitting activities, including the conversion of exploration licenses to administrative mining contracts and the initiation of the environmental impact assessment process. The company also intends to begin feasibility-level metallurgical, geotechnical, and hydrological work as it moves the Carangas project toward the next stage of development.
New Pacific Metals is a Canadian exploration and development company with nearly a decade of operating experience in Bolivia. The company's Silver Sand project has the potential to become one of the world's largest silver mines, while the Carangas project strengthens its portfolio through scale, robust economics, and regional exploration potential. The updated PEA results highlight the significant value of the Carangas project and its contribution to the company's growth strategy. For more information, see the full press release at https://ibn.fm/pAzOX. The latest news and updates regarding New Pacific Metals are available at http://ibn.fm/NEWP.
