New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has taken a significant step forward in the development of 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 company's announcement of results on July 17, 2026. According to the company, there are no material differences between the information contained in the report and the previously released results.
The filing of the PEA marks a crucial milestone for New Pacific Metals as it continues to advance its portfolio of precious metals projects in Bolivia. The Carangas project, located in the Oruro Department, is one of two permitting-stage projects the company is developing 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 significant player in the region's mining sector.
The PEA for Carangas underscores the project's scale and robust economics, which are expected to strengthen the company's overall portfolio. With near a decade of operating experience in Bolivia, New Pacific has established strong relationships with stakeholders and shareholders, earning their confidence through consistent progress and transparent reporting. The company's commitment to advancing these projects is evident in its strategic focus on regional exploration potential and sustainable development.
The Carangas project's PEA is a key component of New Pacific's growth strategy, providing a detailed assessment of the project's potential viability. The report outlines the technical and economic parameters that will guide future development decisions. By filing this report, New Pacific demonstrates its adherence to regulatory standards and its dedication to providing investors with comprehensive and reliable information.
Investors and industry observers will likely view this development positively, as it provides a clearer picture of the project's value and the company's future prospects. The PEA is an essential tool for evaluating the project's financial viability, and its completion is a testament to the company's diligent efforts in advancing its assets.
For more information on the full press release, interested parties can visit https://ibn.fm/sWIRP. Additionally, the latest news and updates regarding New Pacific Metals are available in the company's newsroom at http://ibn.fm/NEWP.
