New Pacific Metals' Carangas PEA Shows $2.65B NPV, 35.9% IRR

New Pacific Metals (TSX: NUAG) (NYSE American: NEWP) has unveiled a compelling updated preliminary economic assessment (PEA) for its Carangas project in Bolivia, showcasing robust financial metrics. The study reports an after-tax net present value (5%) of $2.65 billion and a 35.9% internal rate of return, based on 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 the addition of the project’s gold zone, 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 just 2.4 years, underscoring the project's strong economic potential.

New Pacific Metals is advancing the Carangas project through a planned 30,000-meter infill drilling program while progressing permitting activities. This includes the conversion of exploration licenses to administrative mining contracts and the initiation of the environmental impact assessment process. The company also plans to begin feasibility-level metallurgical, geotechnical, and hydrological work to move the project toward the next stage of development. With near a decade of operating experience in Bolivia, New Pacific has earned stakeholder confidence and continues to strengthen its portfolio, which also includes the Silver Sand project in Potosí, which has the potential to become one of the world’s largest silver mines.

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