New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has taken a significant step forward in advancing 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 was filed following the results announced on July 17, 2026. The company confirmed that there are no material differences between the information in the report and the previously released results.
The Carangas project, located in the Oruro Department of Bolivia, is one of two permitting-stage precious metals projects in the country that New Pacific is advancing. The PEA highlights the project's scale and robust economics, which strengthen the company's portfolio. According to the company, the Carangas project offers significant regional exploration potential, adding to its strategic value.
This filing is a crucial milestone for New Pacific as it continues to develop its assets in Bolivia, a country where the company has nearly a decade of operating experience. The company's Silver Sand project in Potosí is also a key asset, with the potential to become one of the world's largest silver mines. The Carangas project complements this by providing additional diversification and growth opportunities.
The completion of the PEA is an important step towards de-risking the Carangas project and moving it closer to a production decision. The report provides a comprehensive assessment of the project's economic viability, including capital and operating costs, production forecasts, and financial returns. These metrics are critical for investors and stakeholders to evaluate the project's potential.
New Pacific's commitment to responsible development and its strong relationships with local stakeholders and shareholders have been instrumental in advancing its projects. The company's experience in Bolivia has allowed it to navigate the regulatory environment effectively, positioning it to capitalize on the country's rich mineral resources.
Investors and industry observers will be closely watching the next steps for the Carangas project, as the PEA serves as a foundation for future feasibility studies and permitting activities. The positive results from the PEA are expected to bolster confidence in the company's ability to deliver long-term value.
For more information on the full press release, interested parties can visit this link. The latest news and updates on New Pacific Metals are available in the company's newsroom at http://ibn.fm/NEWP.
