New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has taken a significant step forward in advancing its Carangas 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 was filed following the announcement of results on July 17, 2026. The company confirmed that there are no material differences between the information in the report and its prior release.
The Carangas project, located in the Oruro Department of Bolivia, is a silver-gold project that adds substantial value to New Pacific's portfolio. The PEA outlines the project's scale and robust economics, which are crucial for attracting investment and advancing the project towards development. This filing marks a critical milestone, providing stakeholders with a comprehensive assessment of the project's potential.
New Pacific Metals is a Canadian exploration and development company with a focus on precious metals in Bolivia. The company operates two permitting-stage projects: the Silver Sand project in Potosí, which has the potential to become one of the world's largest silver mines, and the Carangas project, which strengthens the portfolio through its scale and economic viability. With nearly a decade of operating experience in Bolivia, New Pacific has built strong relationships with local stakeholders and shareholders, enhancing its ability to navigate the regulatory and operational landscape.
The importance of this PEA filing cannot be overstated. For investors, it provides a detailed look into the project's financial and technical metrics, including capital and operating costs, production forecasts, and net present value (NPV) and internal rate of return (IRR) calculations. Such data is essential for making informed investment decisions. The robust economics indicated in the PEA could position Carangas as a significant contributor to New Pacific's growth, potentially increasing the company's overall valuation.
Moreover, the timing of this filing is noteworthy. With global demand for silver and gold remaining strong, driven by industrial uses and safe-haven investing, the development of new sources of supply is critical. New Pacific's progress on Carangas aligns with broader industry trends, as companies seek to bring new projects online to meet future demand.
The company's ability to successfully advance both Silver Sand and Carangas could transform it into a major precious metals producer, offering investors exposure to Bolivia's rich mineral resources. The PEA report is a testament to the company's commitment to transparency and rigorous technical evaluation, which are hallmarks of a well-managed mining enterprise.
For more information on New Pacific Metals and its projects, interested parties can visit the company's newsroom at http://ibn.fm/NEWP. The full press release regarding the PEA filing is available at https://ibn.fm/sWIRP.
