New Pacific Metals Corp · TSX:NUAG
New Pacific Metals — Investor Presentation (January 2025)
23 slides from New Pacific Metals's investor presentation, Jan 15, 2025
Slide 1: Developing World Class Silver Deposits in Bolivia
January 2025 Developing World Class Silver Deposits in Bolivia TSX: NUAG | NYSE American: NEWP
Slide 2: Cautionary Note
Cautionary Note CAUTIONARY NOTE REGARDING FORWARD‐LOOKING INFORMATION Certain of the statements and information in this presentation constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” with
Slide 3: Silver Producers are Becoming Gold Producers
Silver Producers are Becoming Gold Producers Due to few silver discoveries and scarce silver deposits Silver as % of Revenue for Selected Silver Producers 2013 2023 Difference Pan American Silver 64% 26% - 38% Coeur Mining 53% 30% - 23% Hecla Mining 39% 39% 0% Fortuna Mining 61% 16% - 45% SSR Mining
Slide 4: Two Assets with Global Scale
Two Assets with Global Scale Annual Silver Production 20.4 Moz 18.7 Moz Carangas 14.3 6.6 Moz 10.3 10.3 Moz Moz 9.2 Moz 6.2 5.9 5.7 5.7 Silver Sand Moz Moz Moz Moz 12.1 NUAG PAAS HL CDE FR GATO SVM FSM EDR SIL NUAG’s potential annual silver production would be second only to PAAS Note: Consolidated
Slide 5: NUAG Owns Two of the Largest Undeveloped Open Pitable Silver Projects in the World
NUAG Owns Two of the Largest Undeveloped Open Pitable Silver Projects in the World SILVER SAND CARANGAS Preliminary Feasibility Preliminary Economic Tech Report Study, June 2024 Assessment, Sept 2024 Avg. Annual 12 Moz Ag 6.6 Moz Ag Production Mine Life 13 years 16 years AISC $10.69/oz Ag $7.60/oz A
Slide 6: Bolivia is Big for Silver
Bolivia is Big for Silver By the Numbers: New Pacific discovery Producing mine 1.6 Boz of silver mined at Cerro Rico in Potosi since the 1500’s LA PAZ 3 Large-scale, modern silver mines in operation 5th Largest silver producer SANTA CRUZ globally, 43 Moz in 2023 CARANGAS ORURO SILVER SAND Minimal in
Slide 7: Silver Sand: Advancing a Major Silver Discovery
Achieved • 3.2 km² Administrative Mining Contract (AMC) covering core area, granting mining rights Silver Sand • 5.6 km² Mining Production Contract (MPC) covering peripheral area In Progress Advancing a Major • Negotiating surface rights with communities, then EEIA submission Silver Discovery • MPC
Slide 8: Silver Sand: Resources and Reserves
Silver Sand: Resources and Reserves NI 43-101 Mineral Reserve Estimate Class Tonnes (Mt) Ag (g/t) Ag (Moz) Proven 15.1 121 58.8 Probable 36.9 98 116.6 Proven + Probable 52.0 105 175.4 NI 43-101 Mineral Resources Estimate (inclusive of Mineral Reserves) Class Tonnes (Mt) Ag (g/t) Ag (Moz) Measured 14
Slide 9: Silver Sand: Near Surface, High Grade, Pure Silver
Silver Sand: Near Surface, High Grade, Pure Silver • High-grade (~140 g/t Ag) enables 15Moz/year starter pit for first 3 years SW Line 5250 Cross Section NE TSX: NUAG | NYSE American: NEWP newpacificmetals.com 9
Slide 10: Silver Sand: PFS Highlights
Silver Sand: PFS Highlights • Post-Tax NPV (5%): Items Unit Value • $740 million($24.00/oz Ag) Total Ore Mined1 Kt 52,014 • $1.12 billion($30.00/oz Ag) Open Pit Strip Ratio t:t 3.3:1 • Post-Tax IRR: Annual Processing Rate Kt 4,000 • 37% ($24.00/oz Ag) LOM Silver Head Grade g/t 105 • 48% ($30/oz Ag)
Slide 11: Carangas: Rapidly Advancing Another Major Discovery
Achieved • 41 km² Exploration License (EL), granting exploration rights Carangas • In Progress Converting EL to Administrative Mining Contract (AMC) Negotiating surface rights with Rapidly Advancing • communities, then EEIA Another Major • Obtaining State Necessity Discovery designation to operate w
Slide 12: Near Surface Silver Zone with Deeper Gold Resources
Near Surface Silver Zone with Deeper Gold Resources SW NE 2024 PEA focused on 64Mt within the Upper Silver Zone Conceptual Pit constrained Mineral Resources as of 25 August 2023 for Carangas Tonnage AgEq Ag Au Pb Zn Domain Category Mt g/t Mozs g/t Mozs g/t Kozs % Mlbs % Mlbs Indicated 119 85 327 45
Slide 13: Carangas: PEA Highlights
Carangas: PEA Highlights • Post-Tax NPV (5%): Items Unit Value • $501 million ($24.00/oz Ag) Total Ore Mined1 Mt 64.4 • $748 million ($30.00/oz Ag) Open Pit Strip Ratio t:t 1.7:1 • Post-Tax IRR: Annual Processing Rate Mt 4.0 • 26% ($24.00/oz Ag) Mine Life2 Years 16.2 • 34% ($30.00/oz Ag) LOM Ag Head
Slide 14: Carangas: Regional Exploration Potential
Carangas: Regional Exploration Potential • Existing drilling focused only on one small area of the 41 km2 property • Regional geophysical survey covering entire landholding completed in 2023 Only 1 of 6 anomalies drilled • Revealed multiple anomalies exhibiting high chargeability from 200 m to 800 m
Slide 15: NUAG Catalysts
NUAG Catalysts Silver Sand: Negotiate surface rights with communities Carangas: Convert Exploration License to Administrative Mining Contract INCREASED VALUE NEW PACIFIC METALS Technical Work, Pre-Discovery Discovery Production Development & Permitting TSX: NUAG | NYSE American: NEWP newpacificmetal
Slide 16: Developing World Class Silver Deposits in Bolivia
Developing World Class Silver Deposits in Bolivia TSX: NUAG | NYSE American: NEWP HEAD OFFICE Suite 1750 – 1066 West Hastings Street Vancouver, BC | V6E 3X1 INVESTOR RELATIONS Tel: (604) 633-1368 U.S. & Canada toll-free: 1-877-631-0593 newpacificmetals.com Email: invest@newpacificmetals.com
Slide 17: Experienced Management and Board
New Pacific Metals Experienced Management and Board Management 1.1% 6.2% Andrew Williams CEO & Director Management, Rui Feng Board & Insiders Alex Zhang VP of Exploration 11.6% 37.9% Pan American Jalen Yuan Chief Financial Officer Presumptive Silver Retail Dustin VanDoorselaere VP of Operations Caro
Slide 18: Silver Projects Comparison
Silver Projects Comparison Company New Pacific Discovery Silver Bear Creek AbraSilver Vizsla Silver Project Silver Sand Carangas Combined Cordero Corani Diablillos Panuco Study 2024 PFS 2024 PEA - 2024 FS 2019 FS 2024 PFS 2024 PEA Mining Method Open Pit Open Pit - Open Pit Open Pit Open Pit Undergro
Slide 19: Developers: Unsung Heroes of Value Creation
Developers: Unsung Heroes of Value Creation Significant Gains Through Project Advancement $15.00 New Pacific $14.00 Lundin Gold $8.00 Orla $12.00 $12.00 $6.00 $9.00 $10.00 $4.00 $6.00 $8.00 $2.00 $3.00 $6.00 $0.00 $0.00 $4.00 Jan-17 Jan-19 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Jan-26 May-16 May-18 May-
Slide 20: Silver Sand: PFS Capital Cost Estimate
Silver Sand: PFS Capital Cost Estimate Cost Project Advantages Description ($M) • Contract mining: eliminates Mine pre-production procurement of mining fleet and 76 sustaining capital for fleet and development costs replacement Processing plant 207 • Connection to electrical grid: TSF2 and site low-
Slide 21: Carangas: Operating & Capital Cost Estimate
Carangas: Operating & Capital Cost Estimate Project Advantages Operating Costs $/t milled • Near surface, flat-lying mineralization Mining1 6.00 resulting in a shallow pit with low strip Processing 9.00 • Contract mining eliminates mining fleet G&A 3.60 procurement and replacement Total operating co
Slide 22: Bolivia Mining Timeline
Bolivia Mining Timeline 1554 1985 2003 2007 2008 Cerro Rico begins Kori Kollo Don Mario (Orvana) San Cristobal San Bartolomé Production ~3 billion (Newmont) starts starts production (Sumitomo) (Coeur) starts ounces produced production starts production production 2009 2019 2021 2024 New mill Silver
Slide 23: Notes to Resources and Reserves
Notes to Resources and Reserves Silver Sand: Notes to NI 43-101 Mineral Reserve Estimate • CIM Definition Standards (2014) were used for reporting the Mineral Reserves. • The qualified person is Wayne Rogers, P.Eng. of AMC Consultants. • Cut-off grade of 27 g/t Ag for material inside the administrat
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