New Pacific Metals Corp · TSX:NUAG
New Pacific Metals — Investor Presentation (July 2024)
24 slides from New Pacific Metals's investor presentation, July 2024
Slide 1: Developing World Class Silver Deposits in Bolivia
July 2024 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: New Pacific Metals Snapshot
3 New Pacific Metals Snapshot NewSILVER SAND Pacific owns two significant silver assets in a country with a 500-year history of silver mining Discovered by NUAG in 2019 157Moz of Ag @ $10.69/oz 15Moz/yr in first 3 years Preliminary Drill Highlights: AISC Early high grades Feasibility Study, • 135 m
Slide 4: Bolivia: Prolific Mining Jurisdiction
Bolivia: Prolific Mining Jurisdiction New Pacific property By the Numbers: Producing mine 12M Inhabitants 3 Large silver mines currently LA PAZ in operation 5th Largest silver producer globally, 43Moz in 2023 SANTA CRUZ SILVERSTRIKE ~$220/m All-in historical drilling costs CARANGAS ORURO 23M Tonnes
Slide 5: Bolivia Mining Timeline
Bolivia Mining Timeline 1554 1985 2003 2007 2008 Cerro Rico begins Kori Kollo (Newmont) Don Mario (Orvana) San Cristobal San Bartolomé (Coeur) Production starts production starts production (Sumitomo) starts production starts production 2009 2019 2021 2023 2024 New mill Silver Sand Carangas Silver S
Slide 6: Silver Sand: Advancing a Major Silver Discovery
Achieved • Discovered a Mineral Resource containing 200Moz Ag Silver Sand • Published PFS results demonstrating strong economics In Progress • Community engagement Advancing a Major Silver Discovery • Environmental licensing Next Steps • Obtain environmental license • Complete further technical eval
Slide 7: Silver Sand: High Grade, Near Surface Deposit
Silver Sand: High Grade, Near Surface Deposit SW Line 5250 Cross Section NE • Dense network of disseminated silver veins. • Hosted in porous sandstone, capped by non-porous mudstone at the surface. • Silver-bearing mineralized fluids travelled through the sandstone and pooled at the mudstone contact
Slide 8: Silver Sand: Resources and Reserves
Silver Sand: Resources and Reserves NI 43-101 Mineral Resources Estimate NI 43-101 Mineral Reserve Estimate Tonnes Tonnes Class Ag (g/t) Ag (Moz) Class Ag (g/t) Ag (Moz) (Mt) (Mt) Measured 14.9 131 62.6 Proven 15.1 121 58.8 Indicated 39.4 110 139.2 Probable 36.9 98 116.6 Measured Proven + + 54.3 116
Slide 9: Silver Sand: PFS Contributors
Silver Sand: PFS Contributors • Mineral resource: AMC Mining Consultants (Canada) Ltd. • Geotechnical and Hydrogeological: Itasca Chile and HydroTechnica Ltd • Mining and infrastructure: AMC Mining Consultants (Canada) Ltd. • Metallurgy and processing: Halyard Inc. • Tailings, water and waste manage
Slide 10: Silver Sand: PFS Highlights
Silver Sand: PFS Highlights Items Unit Value • Post-Tax NPV (5%): $740 million($24.00/oz Total Ore Mined1 Kt 52,014 Ag) Open Pit Strip Ratio t:t 3.3:1 • $638 million ($22.50/oz Ag) Annual Processing Rate Kt 4,000 • Post-Tax IRR: 37% ($24.00/oz Ag) LOM Silver Head Grade g/t 105 • 33% ($22.50/oz Ag) S
Slide 11: Silver Sand: PFS Capital Cost Estimate
Silver Sand: PFS Capital Cost Estimate Description Cost ($M) Project Advantages • Contract mining: eliminates procurement of mining Mine pre-production fleet and sustaining capital for fleet replacement 76 and development costs • Connection to the electrical grid: low-cost power Processing plant 207
Slide 12: Silver Sand: PFS Economic Sensitivities
Silver Sand: PFS Economic Sensitivities Silver Price Sensitivity1 Silver Price (US$/Troy Oz.) $18.00 $21.00 $24.00 $27.00 $30.00 Results (post-tax NPV (5%) / IRR) 329 / 22% 535 / 30% 740 / 37% 936 / 43% 1,124 / 48% Cost Sensitivity (post-tax NPV (5%) / IRR)2 100% Sensitivity Items -20% -10% (Base +1
Slide 13: Silver Sand: Precious Metals Comparison
Silver Sand: Precious Metals Comparison Silver Projects Silver Sand Cordero Corani Diablillos Terronera Company New Pacific Discovery Silver Bear Creek AbraSilver Endeavour Silver Study 2024 PFS 2024 FS 2019 FS 2024 PFS 2021 FS Mining Method Open Pit Open Pit Open Pit Open Pit Underground Processing
Slide 14: Carangas: Advancing another Major Silver Discovery
Achieved • Drilled 81kms in 189 holes over ~2 years • Discovered a Mineral Resource Carangas containing >200Moz Ag In Progress • Preliminary Economic Assessment Advancing another (Q3 2024) Major Silver Discovery • Environmental licensing Next Steps • Obtain environmental license • Complete further t
Slide 15: Carangas: Mineral Resource
Carangas: Mineral Resource • The Carangas Project covers an area of 41 km2 • 197 km paved highway from Oruro to 35 km flat gravel road to site • 270 km paved highway to port in Iquique, Chile • Mineral Resource underpinned by 81,145m of diamond drilling over 189 holes (2021-2023) • Mineralization ce
Slide 16: Carangas: Overview
Carangas: Overview • PEA is underway for Carangas – expected in Q3 2024 • Near surface silver zone could be a possible starter pit for the project • Focus of PEA will be on developing this layer while preserving optionality on the larger ore body TSX: NUAG | NYSE American: NEWP newpacificmetals.com
Slide 17: Carangas: Regional Exploration
Carangas: Regional Exploration • Existing drilling focused only on one small area of the 41 km2 property Only 1 of 6 • Regional geophysical survey covering anomalies drilled the entire Carangas Basin was completed in 2023 • Revealed multiple anomalies exhibiting high chargeability from 200 m to 800
Slide 18: Mine Developers: The Unsung Heroes of Value Creation
Mine Developers: The Unsung Heroes of Value Creation Significant Gains Through Project Advancement $16.00 New Pacific $14.00 Lundin Gold Orla $14.00 $7.00 $12.00 $12.00 $6.00 $10.00 $5.00 $10.00 $8.00 $4.00 $6.00 $8.00 $3.00 $4.00 $2.00 $6.00 $2.00 $1.00 $0.00 $4.00 $0.00 Jan/22 Jan/23 Jan/24 Jan/25
Slide 19: New Pacific Summary
New Pacific Summary At New Pacific Metals we have the right... METAL (Silver) ASSETS LOCATION TIME PEOPLE • Critical for an • Two discoveries, • Long history of • Assets at a • Experienced electrifying made in-house silver mining value creation team, deep world inflection point Bolivian • Silver San
Slide 20: Developing World Class Silver Deposits in Bolivia
Developing World Class Silver Deposits in Bolivia TSX: NUAG | NYSE American: NEWP HEAD OFFICE Suite 1750 – 1066 West Hastings Street Vancouver, BC | V6E 3X1 INVESTOR RELATIONS Tel: (604) 633-1368 U.S. & Canada toll-free: 1-877-631-0593 newpacificmetals.com Email: invest@newpacificmetals.com
Slide 21: Experienced Management and Board
New Pacific Metals Experienced Management and Board Management Andrew Williams CEO & Director 7.2% Management, Board Alex Zhang VP of Exploration & Insiders Jalen Yuan Chief Financial Officer 11.6% Pan American Silver Dustin VanDoorselaere VP of Operations Carolina Ordoñez VP of Corporate Affairs 15
Slide 22: Silver Sand: PFS Project Economics
Silver Sand: PFS Project Economics Items Unit Value Annual Processing Rate Kt 4,000 LOM Silver Head Grade g/t 105 Silver Recovery % 90% Silver Price US$/oz 24.00 Initial Capital Costs $M 358 LOM Total Gross Revenue $B 3.8 Mining cost $/t milled 9.3 Processing cost (including tailings) $/t milled 13.
Slide 23: Silverstrike Project: Historic Silver Mining District to Be Drilled
Silverstrike Project: Historic Silver Mining District to Be Drilled • 45 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: • Silverstrike North: sandstone- hosted, structurally controlled silver mineraliza
Slide 24: Silverstrike Project: Drilling at Silverstrike Central
Silverstrike Project: Drilling at Silverstrike Central • Drilling confirmed oxidized gold mineralization extends at depth • Higher grade intervals occur near the contact between rhyolite and volcanoclastics Volcanoclastics 9.23 g/t Au, 17 g/t Ag 77.6 g/t Au, 41 g/t Ag Volcanoclastics Rhyolite Rhyoli
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