New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has taken a significant step forward in the development of its Carangas project by filing an independent preliminary economic assessment (PEA) technical report. The report, prepared by Ausenco Engineering Canada ULC in accordance with National Instrument 43-101, is effective July 16, 2026, and was filed following the results announced on July 17, 2026. The company has confirmed there are no material differences between the information contained in the report and its previous announcement.
The Carangas project, located in the Oruro Department of Bolivia, is a silver-gold project that forms a key part of New Pacific's strategy to expand its presence in the country's mining sector. The PEA outlines the project's economic viability, showcasing its potential to contribute significantly to the company's growth. This filing comes at a time when the global demand for precious metals remains strong, with silver and gold prices showing resilience amid economic uncertainties.
New Pacific Metals is a Canadian exploration and development company with a focus on advancing precious metals projects in Bolivia. The company's portfolio includes the Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines, and the Carangas project, which strengthens the portfolio through its scale, robust economics, and regional exploration potential. With nearly a decade of operating experience in Bolivia, New Pacific has built a reputation for reliability and has earned the confidence of its stakeholders and shareholders.
The filing of the PEA for Carangas is a critical milestone that provides investors with a comprehensive assessment of the project's financial and technical parameters. It underscores the company's commitment to transparency and adherence to regulatory standards, which is essential for maintaining investor trust. The report is expected to serve as a foundation for future development decisions and potential financing opportunities.
For more information on New Pacific Metals and its projects, visit the company's newsroom at http://ibn.fm/NEWP. The full press release regarding the PEA can be accessed at https://ibn.fm/sWIRP.
