New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has taken a significant step forward in advancing its Carangas silver-gold 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 follows the results announced by the company on July 17, 2026. According to the company, there are no material differences between the information contained in the report and the previously announced results.
The Carangas project, located in the Oruro Department of Bolivia, is one of two permitting-stage precious metals projects that New Pacific is advancing in the country. The other, the Silver Sand project in Potosí, has the potential to become one of the world's largest silver mines. Together, these projects position New Pacific as a key player in Bolivia's mining sector, which is increasingly recognized for its mineral wealth and investment potential.
The filing of the PEA is a critical milestone for the Carangas project, as it provides a comprehensive assessment of its technical and economic viability. The report outlines the project's scale, robust economics, and regional exploration potential, which are expected to strengthen the company's portfolio and enhance its appeal to investors. The PEA also serves as a foundational document for future development decisions, including potential feasibility studies and permitting processes.
New Pacific's experience in Bolivia, spanning nearly a decade, has been instrumental in building trust with stakeholders and shareholders. The company's commitment to responsible development and community engagement has been a cornerstone of its operations, and the filing of the PEA for Carangas reflects its ongoing dedication to advancing projects that deliver long-term value.
The implications of this announcement extend beyond New Pacific itself. Bolivia is emerging as a significant player in the global precious metals market, and the successful advancement of projects like Carangas could attract further investment into the country's mining sector. The PEA's results, which highlight the project's robust economics, are likely to generate interest from investors seeking exposure to silver and gold, particularly in a jurisdiction that offers considerable upside potential.
For investors, the filing of the PEA provides a clearer picture of the Carangas project's potential, enabling more informed decision-making. The report is available for review, and the company has noted that there are no material differences from the previously announced results, ensuring consistency and transparency.
As New Pacific continues to advance its portfolio, the Carangas PEA marks a significant step forward in the company's growth strategy. With a strong operational presence in Bolivia and a focus on high-quality precious metals assets, New Pacific is well-positioned to capitalize on the growing demand for silver and gold. The company's newsroom provides access to the latest updates and developments, offering investors and stakeholders a comprehensive view of its progress.
