New Pacific Metals Corp · TSX:NUAG
New Pacific Metals — Investor Presentation (February 2023)
33 slides from New Pacific Metals's investor presentation, Feb 7, 2023
Slide 1: Discovering and Developing World-Class Silver and Gold Deposits in Bolivia
Discovering and Developing World-Class Silver and Gold Deposits in Bolivia February 7, 2023 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 2: Cautionary Note
Cautionary Note NEW PACIFIC METALS CORP. IS A CANADIAN ISSUER This presentation is prepared by New Pacific Metals Corp. (TSX:NUAG/NYSE American: NEWP) (“New Pacific” or the “Company”) management and New Pacific is solely responsible for content and format. This presentation is not intended as a soli
Slide 3: Cautionary Note: 2022 Resource Estimate and PEA for the Silver Sand Project
Cautionary Note 2022 Resource Estimate and Preliminary Economic Assessment for the Silver Sand Project The Mineral Resource estimate included in the Preliminary Economic Assessment (“Study” or “PEA”) is reported according to the classification criteria set out in the Canadian Institute of Mining, Me
Slide 4: Why Invest in New Pacific Metals?
Why Invest in New Pacific Metals? Silver Sand Project Carangas Project Silverstrike Project A large pure silver deposit An extensive silver horizon 200 m thick near surface amenable to open pit & above a thick gold deposit oxidized gold zone tank leach operation discovered in 2022 drilling 2021: dri
Slide 5: Bolivia: A Significant Silver-Producing Country
Bolivia: A Significant Silver-Producing Country ▪ The Cerro Rico mine of Bolivia produced over 1.6 B oz of silver since the 1500’s ▪ Mining is responsible for 47% of its exports in 2020 LA PAZ ▪ The most stable currency in Latin America Peru ▪ Under-explored over the last 20 years SANTA CRUZ SILVERS
Slide 6: Silver Sand: A Large, Near Surface Pure Silver Deposit
Silver Sand: A Large, Near Surface Pure Silver Deposit ▪ Silver Sand Administrative Mining Contract (AMC) covers an area of 3.17 square kilometers, which grants the right to mine ▪ ~136,000 m diamond drilling in 551 holes were drilled from 2017 to 2022, which form the base for Mineral Resource Estim
Slide 7: Silver Sand Drilling and open pit boundary
Silver Sand Drilling and open pit boundary 7 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 8: Silver Sand: A Large, Near Surface Pure Silver Deposit
Silver Sand: A Large, Near Surface Pure Silver Deposit Elevation 8 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 9: Silver Sand: NI 43-101 Mineral Resource Estimates
Silver Sand: A Large, Near Surface Pure Silver Deposit NI 43-101 MINERAL RESOURCE ESTIMATES Class Tonnes (Mt) Ag (g/t) Ag (Moz) Measured 8.40 159 43.05 2019 Indicated 26.99 130 112.81 (Cut-off 45 g/t Measured + Indicated 35.39 137 155.86 Ag) Inferred 9.84 112 35.55 Measured 14.88 131 62.60 2022 Indi
Slide 10: Silver Sand PEA Highlights
Silver Sand PEA Highlights The Preliminary Economic Assessment (PEA) for the Silver Sand project is authored by AMC Mining Consultants (Canada) Ltd. and released on January 9, 2023, highlights include: ▪ Open pit mining strip ratio 3.6 : 1 ▪ Processing throughput: 4 million tonnes per year ▪ Post-Ta
Slide 11: Silver Sand PEA Base Case Parameters
Silver Sand PEA Base Case Parameters Parameter Unit Value Open Pit Strip Ratio t:t 3.6:1 Annual Processing Rate Kt 4,000 Mine Life Years 14 LOM Silver Head Grade g/t 107 Silver Recovery (Tank Leaching + Merrill Crowe) % 91 First 4 years Annual Silver Production Moz >15 Silver Payable % 99 Silver Pri
Slide 12: Silver Sand PEA Project Economics
Silver Sand PEA Project Economics Items Unit Value Annual Processing Rate Kt 4,000 LOM Silver Head Grade g/t 107 Silver Price US$/oz 22.5 LOM Payable Silver Metal Moz 171 LOM Total Net Revenue $M 3,510 Mining cost $/t milled 9.55 Processing cost (including tailings) $/t milled 14.85 General and Admi
Slide 13: Silver Sand PEA Capital Cost Estimate
Silver Sand PEA Capital Cost Estimate Total Capital Cost Estimate (direct, indirect and contingency) Description Cost ($M) Open pit pre-stripping (18.5Mt) 47 Contractor mobilization 1 Processing plant 186 Tailings facility 25 Site infrastructure 47 Owner’s cost 21 Total capital cost 327 Initial capi
Slide 14: Silver Sand PEA Site Layout & Mining
Silver Sand PEA Site Layout & Mining ▪ 97% total payable silver comes from the Main pit, the rest from 3 smaller satellite pits ▪ Open pit mining: conventional drilling and blasting, loading by excavator and hauling by trucks ▪ Waste is hauled to external and in- pit waste rock dumps See the Company
Slide 15: Silver Sand Satellite Prospects
Silver Sand Satellite Prospects 1 Satellite Prospects drilled in 2022 (assay pending) 2 1. El Bronce, the North Block 2. Jisas, the North Block 15 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 16: Carangas: A Silver-Gold System Discovered in 2021
Carangas: A Silver-Gold System Discovered in 2021 ▪ 6.25 km2 silver-gold-lead-zinc project at ~3,900 m elevation, located in Oruro Department, Bolivia ▪ 35 drill holes in 13,000 m drilling completed in 2021 with every hole intercepted mineralization ▪ Drill results have shown an extensive, near-surf
Slide 17: Carangas: Panoramic View of Drill Sites
Carangas: A New Silver-Gold System Discovered in 2021 Panoramic View of Drill Sites at the Carangas Project View West View East 17 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 18: Carangas: Geology and 2021 Drill Plan Map
Carangas: A New Silver System Discovered in 2021 Geology and 2021 Drill Plan Map near-surface silver horizon of ~1000 m by ~800 m overlying a gold zone 18 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 19: Carangas: Silver Horizon underlaid by a thick Gold Zone
Carangas: Silver Horizon underlaid by a thick Gold Zone Cross Section 24 shows a near-surface silver horizon stacked on top of an extended gold zone, similar to the Filo Del Sol Project in the same metallogenic belt. 19 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 20: Carangas: Silver Horizon underlaid by a thick Gold Zone (Long Section)
Carangas: Silver Horizon underlaid by a thick Gold Zone Plot of 2021+2022 drill holes along E-W Long Section WEST DOME EAST DOME CENTRAL VALLEY 20 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 21: Carangas: IP Guides Drilling for more Gold and Silver
Carangas: IP Guides Drilling for more Gold and Silver ▪ Multiple chargeability anomalies at 3800 m elevation ▪ Currently drilled area of 1000m by 800 m only overlays a small area of chargeability anomalies ▪ Drilling for a potential new gold target at the southeast area of high chargeability anomaly
Slide 22: Core Photo for Hole DCAr0020 Showing Gold + Copper in Ignimbrite
Core Photo for Hole DCAr0020 Showing Gold + Copper in Ignimbrite 92g/t Ag, 14.55g/t Au, 0.33% Pb, 0.22% Cu 55g/t Ag, 23.8g/t Au, 0.35% Pb, 0.75% Cu 11g/t Ag, 5.02g/t Au, 0.17% Pb, 0.2% Cu 16g/t Ag, 5.68g/t Au 25g/t Ag, 0.01g/t Au, 0.26% Pb, 0.1% Cu 12g/t Ag, 3.48g/t Au, 0.12% Pb, 0.13% Cu 22 22 TSX:
Slide 23: Core Photo for Hole DCAr0039 Showing Gold + Silver in Ignimbrite
Core Photo for Hole DCAr0039 Showing Gold + Silver in Ignimbrite (Main Gold intersection) 100g/t Ag, 10.55g/t Au 16g/t Ag, 5.13g/t Au 24.9g/t Ag, 11.4g/t Au 5.57g/t Ag, 13.45g/t Au 9.56g/t Ag, 16.3g/t Au 3.61g/t Ag, 3.71g/t Au 9.38g/t Ag, 4.71g/t Au 23 TSX: NUAG | NYSE American: NEWP | www.newpacifi
Slide 24: Carangas: Positive Preliminary Metallurgical Results
Carangas: Positive Preliminary Metallurgical Results 1 ▪ For gold, cyanide leach and carbon-in-pulp (CIP) may potentially achieve an average of 98.6% gold recovery. Gold doré will be the final product ▪ For silver-lead-zinc, silver/lead concentrate and zinc concentrate may be produced by sequential
Slide 25: Silverstrike: Historic Silver Mining District to Be Drilled
Silverstrike: Historic Silver Mining District to Be Drilled ▪ 44.5 km2 land package, located 140 km southwest of La Paz, Bolivia ▪ Rio Tinto drilled 8 diamond holes and 12 RC holes in 1995 ▪ Drill-ready targets: 1 ① Silverstrike North: sandstone- hosted, structurally controlled silver mineralization
Slide 26: Silverstrike: Drilling at Silverstrike Central
Silverstrike: Drilling at Silverstrike Central ▪ Advanced a +6,000 m drill program in 2022 ▪ Assays of first two holes received and released Silver Zone Silverstrike Central Gold Zone 26 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 27: Silverstrike: Drilling at Silverstrike Central
Silverstrike: Drilling at Silverstrike Central Gold Zone - Drilling confirmed oxidized gold mineralization extends at depth 42 m @ 1.02g/t Au, 18g/t Ag 302° 122° 223.52 m @ 0.97 g/t Au, 4 g/t Ag Including 86.1 m @ 2.18 g/t Au, 7 g/t Ag 195.5 m @ 0.96 g/t Au, 6 g/t Ag Including 111.4 m @ 1.54 g/t Au,
Slide 28: Silverstrike: Drilling at Silverstrike Central
Silverstrike: Drilling at Silverstrike Central Higher Gold Grade intervals occurs near the contact of the rhyolite and volcanoclatics Volcanoclastics 9.23 g/t Au, 17 g/t Ag 77.6 g/t Au, 41 g/t Ag Volcanoclastics Rhyolite Rhyolite 0.23 g/t Au, 9 g/t Ag 28 TSX: NUAG | NYSE American: NEWP | www.newpaci
Slide 29: NUAG: Create Solid Value for Investors
NUAG: Create Solid Value for Investors Silverstrike discovery marks another milestone following the discoveries of Silver Sand and Carangas The discoveries display NUAG's capability to grow shareholder value through: 1. Careful project identification 2. Smart acquisition 3. Thorough geological study
Slide 30: New Pacific Metals: Dual Listed on TSX & NYSE-A
New Pacific Metals: Dual Listed on TSX & NYSE-A 9.0% Management & Board 9.4% Pan American Silver* 14.0% 39.4% Institutional Presumptive Shareholders Ownership Retail 28.2% Silvercorp Metals Institution Analyst Financial Snapshot Common Shares Outstanding 157.0 M Chris Thompson Fully Diluted Common S
Slide 31: Proven Leadership and Experience
Proven Leadership and Experience MANAGEMENT +25 years of experience in the mining industry; Dr. Rui Feng Founder, CEO & Director founder of multiple successful companies with significant discoveries of new mineral resources VP of Exploration & +25 years of exploration, technical, and managerial Alex
Slide 32: Proven Leadership and Experience: Board of Directors
Proven Leadership and Experience BOARD OF DIRECTORS Terry Salman President & CEO of Salman Capital Inc. and Salman Partners Inc.; helped raise Chairman over $20 billion for over 400 mining and exploration companies Chairman & CEO of Silvercorp Metals Inc.; Dr. Rui Feng, Ph.D. Founder of multiple suc
Slide 33: Head Office and Investor Relations
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 FOLLOW US Email: invest@newpacificmetals.com TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
New Pacific Metals — Investor Presentation (February 2023) on 6ix