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, revealing a robust after-tax net present value (5% discount) of $2.65 billion and an internal rate of return of 35.9%. The study, which incorporates higher processing throughput and the addition of the project's gold zone, outlines 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 updated PEA is 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 company noted that the study underscores the scale and economic strength of the Carangas project, which is advancing toward development. New Pacific plans to continue with a 30,000-meter infill drilling program while progressing permitting activities, including the conversion of exploration licenses to administrative mining contracts and initiation of the environmental impact assessment process.
New Pacific Metals is a Canadian exploration and development company with two precious metals projects in Bolivia. The Carangas Silver-Gold project in Oruro strengthens the company's portfolio through its scale, robust economics, and regional exploration potential. The company also holds the Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines. With nearly a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders.
The full press release is available at https://ibn.fm/pAzOX. For the latest news and updates relating to NEWP, visit the company's newsroom at http://ibn.fm/NEWP.
