New Pacific Metals Files Preliminary Economic Assessment for Carangas Project

New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has taken a significant step forward in advancing its Carangas silver-gold project in Bolivia 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 was filed following the results announced on July 17, 2026. The company confirmed that there are no material differences between the information contained in the report and its prior announcement.

The filing of the PEA is a critical milestone for the Carangas project, as it provides a comprehensive overview of the project's economic viability, including estimated capital and operating costs, production rates, and financial returns. This technical report offers investors and stakeholders a transparent look at the project's potential, underpinning the company's confidence in its development. The PEA demonstrates that Carangas is a robust project with strong economics, which could significantly contribute to New Pacific's portfolio and bolster its position in the precious metals sector.

New Pacific Metals is a Canadian exploration and development company focused on advancing two permitting-stage precious metals projects in Bolivia. The Carangas project, located in the Oruro Department, is a silver-gold deposit that complements the company's flagship Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines. Together, these assets provide New Pacific with scale, diversification, and significant growth potential in a region where the company has nearly a decade of operating experience. This local expertise has been instrumental in earning the trust of stakeholders and shareholders alike.

The filing of the PEA is particularly important as it moves Carangas closer to a development decision. By providing a detailed assessment of the project's technical and economic parameters, the report allows the company to make informed decisions about next steps, including potential financing and permitting activities. Moreover, the positive results from the PEA could attract strategic investors and partners, further de-risking the project and enhancing its value.

In a broader context, the Carangas PEA highlights the growing importance of Bolivia as a mining jurisdiction, especially for silver and gold. With global demand for precious metals on the rise, projects like Carangas are poised to play a role in meeting future supply. The robust economics outlined in the PEA not only benefit New Pacific but also contribute to the local economy through job creation and infrastructure development.

Investors and industry observers will be closely watching as New Pacific advances the Carangas project through the next phases. The company's commitment to transparency and rigorous technical analysis, as demonstrated by the filing of this report, positions it well to unlock the full potential of its assets. For more information on New Pacific Metals and its projects, visit the company's newsroom at http://ibn.fm/NEWP.