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 post-tax net present value (discounted at 5%) of $2.65 billion and an internal rate of return of 35.9%. The updated study incorporates 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.
The PEA is based on metal prices of $45 per ounce for silver, $3,400 per ounce for gold, $1.20 per pound for zinc, and $0.90 per pound for lead. Initial capital costs are estimated at $644.5 million, with a post-tax payback period of 2.4 years. The company plans to advance the project through a planned 30,000-meter infill drilling program while progressing permitting activities, including 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 Carangas project toward the next stage of development. The company 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.
For more details, the full press release is available at https://ibn.fm/pAzOX. The latest news and updates relating to NEWP can be found at http://ibn.fm/NEWP.
