New Pacific Metals Corp · TSX:NUAG
New Pacific Metals — Investor Presentation (May 2023)
31 slides from New Pacific Metals's investor presentation, May 25, 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 May 25, 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 Silver Sand
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 silver deposit to be An extensive silver horizon 200 m thick near surface mined by open pit & tank above a thick gold deposit oxidized gold zone of ~1 g/t leach operation discovered in 2022 drilling J
Slide 5: New Pacific Metals 2023 Work Plan
New Pacific Metals 2023 Work Plan ➢ Silver Sand ➢ Complete a pre-feasibility study by the end of 2023 ➢ Working to complete an Environmental Impact Assessment Study ➢ Obtain the Environmental Impact Statement ➢ Work with COMIBOL to obtain the ratification and approval of the signed Mining Production
Slide 6: Keys to New Pacific's Success in Bolivia
Keys to New Pacific’s Success in Bolivia ▪ Exceptional geology ▪ Home to the ~3 Bn oz Cerro Rico silver deposit, continuously operating since 1545 ▪ On trend with Chile, Peru and Argentina, three significant mining countries LA PAZ ▪ Deep mining culture ▪ Mining is responsible for ~30% of the Peru n
Slide 7: 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 8: Silver Sand: Cross Section
Silver Sand: A Large, Near Surface Pure Silver Deposit SW Line 5250 Cross Section NE 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 8.4 159 43.1 2019 Indicated 27.0 130 112.8 (Cut-off 45 g/t Measured + Indicated 35.4 137 155.9 Ag) Inferred 9.8 112 35.6 Measured 14.9 131 62.6 2022 Indicated 39.4
Slide 10: Silver Sand PEA Project Economics (Base Case)
Silver Sand PEA Project Economics (Base Case) The Silver Sand Preliminary Economic Assessment (PEA) is authored by AMC Mining Consultants (Canada) Ltd. Its main parameters are as follow: Parameter Unit Value Open Pit Strip Ratio t:t 3.6:1 Annual Processing Rate (14 years) Kt 4,000 LOM Silver Head Gr
Slide 11: Silver Sand PEA Annual Silver Production
Silver Sand PEA Annual Silver Production First 4 Year Annual Silver Production: ~16 million Oz Contributed by higher grade starter pit Annual Silver Production 18 16 14 12 Moz 10 8 6 4 2 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Production Year Readers are cautioned that the PEA is preliminary in nature an
Slide 12: 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 13: 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 ▪ Tailings are
Slide 14: Carangas: A Silver-Gold System Discovered in 2021
Carangas: A Silver-Gold System Discovered in 2021 ➢ 41.25 km2 silver-gold-lead-zinc project at ~3,900 m elevation, Oruro Department, View West Bolivia ➢ From July 2021 to the end of 2022: 150 drill holes in ~63,580 m drilled ➢ Every drill hole intercepted the silver horizon near surface, drill holes
Slide 15: Carangas: Geology and 2022 Drill Plan Map
Carangas: Geology and 2022 Drill Plan Map Near-surface silver horizon (green) of ~1000 m by ~800 m overlying a gold zone (red) 15 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 16: 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 DCAr0027 W. Dome DCAr0001 DCAr0005 DCAr0149 DCAr0002 DCAr0103 DCAr0145 DCAr0025 DCAr0018 DCAr0003 DCAr0004 DCAr0135 DCAr0137 DCAr0089 DCAr0029 DCAr0100 DCAr0110 DCAr0109 DCAr0034 DCA
Slide 17: Carangas: Silver Horizon Underlain by a Thick Gold Zone
Carangas: Silver Horizon Underlain by a Thick Gold Zone Section DCAr0096 ▪ Recent released Hole DCAr0096 extended thick gold mineralization to the northeast ▪ 9 deep drill holes were planned to test the extension ▪ The large-scale porphyry- epithermal system shows clear vertical metal zonation ▪ Thi
Slide 18: Carangas: World Class Discovery In The Making
Carangas: World Class Discovery In The Making Filo del Sol Project Carangas Project 1 km 1 km Central Valley Silver (+Lead, Silver-Rich Zinc) Zone “M” Zone Gold & Copper Lead + Zinc Enriched Zone 1 km 1 km “Aurora” Zone Gold + Copper Zone ▪ Ag-rich horizon at the base of a Cu-Au-Ag ▪ Shallow Ag-Pb-Z
Slide 19: Carangas: IP Guides Drilling for More Gold and Silver
Carangas: IP Guides Drilling for More Gold and Silver ▪ Regional 3D Bipole-Dipole IP-MT survey program covering the entire Carangas Basin completed in Q1 2023 ▪ Survey revealed multiple anomalies exhibiting high chargeability from 200 m to 800 m depth ▪ Currently drilled area of 1,000 m by 800 m onl
Slide 20: 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 20 20 TSX:
Slide 21: 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 21 TSX: NUAG | NYSE American: NEWP | www.newpacifi
Slide 22: Core Photo for Hole DCAr0096 Showing Strong Gold in Rhyolite
Core Photo for Hole DCAr0096 Showing Strong Gold in Rhyolite 13g/t Ag, 3.51g/t Au 11g/t Ag, 9.62g/t Au 23g/t Ag, 41.9g/t Au 18g/t Ag, 2.5g/t Au 15g/t Ag, 25.9g/t Au 3g/t Ag, 1.19g/t Au 18g/t Ag, 5.83g/t Au 22 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 23: Carangas: Positive Preliminary Metallurgical Results
Carangas: Positive Preliminary Metallurgical Results Whole Ore Cyanide Leach Sample # Mineralization Degree of Oxidization Recovery 1 Silver-Lead Oxidized 84.1% silver recovery 2 Silver-Lead-Zinc Oxidized to Semi-Oxidized 85.0% silver recovery 3 Silver-Lead-Zinc Fresh 74.3% silver recovery 4 Gold Fr
Slide 24: 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 25: Silverstrike: Drilling at Silverstrike Central
Silverstrike: Drilling at Silverstrike Central Gold Zone, Silverstrike Central NW SE 25 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 26: Silverstrike: Drilling at Silverstrike Central
Silverstrike: Drilling at Silverstrike Central ▪ Drilling confirmed oxidized gold mineralization extends at depth ▪ Higher grade intervals occur near the contact between 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
Slide 27: NUAG: Creating Solid Value for Investors
NUAG: Creating Solid Value for Investors The large silver and Gold mineralization discoveries of Silver Sand, Carangas and Silverstrike in short 5 years display NUAG's capability to grow shareholder value through: 1. Careful project identification 2. Smart acquisition 3. Thorough geological study 4.
Slide 28: New Pacific Metals: Dual Listed on TSX & NYSE-A
New Pacific Metals: Dual Listed on TSX & NYSE-A 9.1% Management & Board 9.4% Pan American Silver* 13.8% 39.5% Institutional Presumptive Shareholders Ownership Retail 28.2% Silvercorp Metals *Pan American Silver share ownership is an estimate. Institution Analyst Financial Snapshot Chris Thompson Com
Slide 29: Proven Leadership and Experience: Management
Proven Leadership and Experience MANAGEMENT +25 years of experience in the mining industry; Founder, CEO & Dr. Rui Feng founder of multiple successful companies with Director significant discoveries of new mineral resources VP of Exploration & +25 years of exploration, technical, and managerial Alex
Slide 30: 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 31: 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
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