New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has released results from an updated preliminary economic assessment (PEA) for its Carangas project in Bolivia, underscoring the project's significant economic potential. The updated PEA reports an after-tax net present value (NPV) at a 5% discount rate of $2.65 billion and an internal rate of return (IRR) of 35.9%, 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 study 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 2.4 years.
The company plans to continue advancing the Carangas project through a planned 30,000-meter infill drilling program while progressing permitting activities. These include conversion of exploration licenses to administrative mining contracts and initiation of the environmental impact assessment process. New Pacific also intends to begin feasibility-level metallurgical, geotechnical, and hydrological work as it moves the project toward the next stage of development. For more details, the full press release is available at https://ibn.fm/pAzOX.
New Pacific Metals is a Canadian exploration and development company advancing two permitting-stage precious metals projects in Bolivia. Its Silver Sand project in Potosí has the potential to become one of the world's largest silver mines, while the Carangas Silver-Gold project in Oruro strengthens the company's portfolio through scale, robust economics, and regional exploration potential. With nearly a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders. The latest news and updates relating to NEWP are available in the company's newsroom at http://ibm.fm/NEWP.
