New Pacific Metals Reports Updated PEA With $2.65 Billion After-Tax NPV for Carangas Project

New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has announced results from an updated preliminary economic assessment (PEA) for its Carangas project in Bolivia, revealing an after-tax net present value (NPV) at a 5% discount rate of $2.65 billion and an internal rate of return (IRR) of 35.9%. The updated study 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.

The PEA incorporates a 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. Initial capital costs are estimated at $644.5 million, with a post-tax payback period of 2.4 years. These robust economics highlight the Carangas project's potential to become a significant precious metals producer.

New Pacific said it will continue advancing the project through a planned 30,000-meter infill drilling program while progressing permitting activities. These include the conversion of exploration licenses to administrative mining contracts and initiation of the environmental impact assessment process. The company also plans to begin feasibility-level metallurgical, geotechnical and hydrological work as it moves the Carangas project toward the next stage of development.

The Carangas Silver–Gold project in Oruro strengthens New Pacific's portfolio through scale, robust economics and regional exploration potential. The company also advances its 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.

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 the company's newsroom at http://ibn.fm/NEWP.