New Pacific Metals Corp · TSX:NUAG
New Pacific Metals — Investor Presentation (November 2022)
33 slides from New Pacific Metals's investor presentation, Nov 8, 2022
Slide 1: Discovering and Developing World-Class Silver and Gold Deposits in Bolivia
Discovering and Developing World-Class Silver and Gold Deposits in Bolivia November 8, 2022 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: 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 historical An extensive surface-level amenable to open pit & silver digging site above a historical silver digging heap leach operation thick gold zone discovered site
Slide 4: Bolivia: A Significant Silver-Producing Country
Bolivia: A Significant Silver-Producing Country ▪ The Cerro Rico mine has produced over 2 B oz of silver since the 1500s ▪ Bolivia has the most stable currency in Latin America. Mining was responsible for 47% of its LA PAZ exports in 2020 ▪ Bolivia has been under-explored over the last Peru 20 years
Slide 5: The Silver Sand Project
The Silver Sand Project ▪ The Silver Sand Project is located 35 km from the Cerro Rico mine 2 ▪ 5.42 km2 land package comprised of: 1) The Silver Sand “Administrative Mining Contract” (AMC) concession of 3.17 km2 which hosts the core Silver Sand Deposit, and 2) The North Block of Jisas, Jardan and E
Slide 6: Silver Sand Project Mining Production Contract
Silver Sand Project MPC Area New Pacific signed a revised Mining Production Contract (“MPC”) with the Mining Corporation of Bolivia (“COMIBOL”) in January 2022: Colavi El Bronce Huascar Jardan ▪ Exploration and mining rights on 56.3 km2 Encarnacion surrounding the Silver Sand Project Jisas North Pla
Slide 7: Silver Sand: A Large, Near Surface Pure Silver Deposit
Silver Sand: A Large, Near Surface Pure Silver Deposit ▪ 2017 – 2021: ~116,000 m in 465 diamond drill holes ▪ Independent NI 43-101 MRE released April 14, 2020 (Silver Sand only) ▪ 20,000 m In-Fill + Step- out drilling completed by mid-May 2022 ▪ PEA study to be completed by Dec 2022 7 TSX: NUAG | N
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 Drilling
Silver Sand Drilling 9 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 10: Silver Sand: A Large, Near Surface Pure Silver Deposit
Silver Sand: A Large, Near Surface Pure Silver Deposit INAUGURAL NI 43-101 MINERAL RESOURCE ESTIMATE (released April 14, 2020) Mineral Resources Tonnes (Mt) Ag (g/t) Ag (Moz) Measured 8.40 159 43.05 Indicated 26.99 130 112.81 Measured & Indicated 35.39 137 155.86 Inferred 9.84 112 35.55 Notes: CIM D
Slide 11: Silver Sand: A Large, Near Surface Pure Silver Deposit
Silver Sand: A Large, Near Surface Pure Silver Deposit ▪ A large, near surface pure silver resource amenable to open pit mining ▪ Metallurgical heap leach column tests yielded an average of 80% recovery, indicating that heap leach processes could be an option to recover silver. Heap leach operations
Slide 12: Silver Sand: Satellite prospects
Silver Sand: Satellite prospects 1 Prospects Under Currently Drilling 1. El Bronce, the North Block 2. Jisas, the North Block 2 Satellite prospects to be drilled include 3. Snake Hole, east of sections 46-62 4. San Antonio, east of section 68 3 5. El Fuerte, to the south 6. Aullagas, west of section
Slide 13: Snake Hole Satellite Prospect
Snake Hole Satellite Prospect ▪ Artisanal mining dates back to the Spanish colonial era ▪ Multiple mineralized fracture zones steeply dipping west and extending over Snake Hole >800m along NW330-340 direction SILVER SAND ▪ Drill Hole highlights: ▪ DSS5218: 72.44 m at 279 g/t Ag from 60.5 m to 132.94
Slide 14: El Bronce Satellite Prospect from the North Block
El Bronce Satellite Prospect from the North Block Silver grade (g/t) and planned drill holes shown in green lines 14 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 15: 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 intercepting mineralization. ▪ Assay results have discovered an extensive, n
Slide 16: Carangas: A Silver-Gold System Discovered in 2021
Carangas: A Silver-Gold System Discovered in 2021 Panoramic View of Drill Sites at the Carangas Project View West View East 16 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 17: Carangas: A Silver System Discovered in 2021
Carangas: A 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 17 17 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 18: Carangas: Silver Horizon underlaid by Gold Zone extended at depth
Carangas: Silver Horizon underlaid by Gold Zone extended at depth 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. CENTRAL VALLEY 18 18 TSX: NUAG | NYSE American: NEWP | www.newpacificmeta
Slide 19: Carangas: Silver Horizon underlaid by Gold Zone extended at depth
Carangas: Silver Horizon underlaid by Gold Zone extended at depth Plot of 2021+2022 drill holes along E-W Long Section WEST DOME EAST DOME CENTRAL VALLEY This discovery reveals great potential in Bolivia for finding gold + Copper underneath the silver deposits near surface DCAr0067 Thick Ignimbrite
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: Carangas: Flat Silver Zone Near Surface
Carangas: Flat Silver Zone Near Surface Drill Hole Depth Depth Intercept Ag Au Pb Zn Cu AgEq (2021) (from) (to) (m) (g/t) (g/t) (%) (%) (%) (g/t) DCAr0001 0.00 187.70 187.70 67 - 0.63 0.45 101 incl. 23.90 31.28 7.38 578 - 1.58 0.01 625 DCAr0002 1.70 145.32 143.62 130 - 0.41 0.04 144 incl. 39.45 65.6
Slide 23: Carangas: Gold Zone Below Flat Silver Zone Near Surface
Carangas: Gold Zone Below Flat Silver Zone Near Surface Drill Hole From to Intercept (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) Cu (%) AgEq (g/t) DCAr0015 79.87 138.50 58.63 53 - 0.95 1.58 138 190.44 533.36 342.92 12 0.55 66 incl. 446.95 533.36 86.41 26 1.03 112 incl. 497.54 506.20 8.66 182 6.38 0.39 684 D
Slide 24: Carangas: Gold Zone Below Flat Silver Zone Near Surface
Carangas: Gold Zone Below Flat Silver Zone Near Surface Drill Hole From to Intercept (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) Cu (%) AgEq (g/t) DCAr0044 33.88 59.00 25.12 64 0.00 0.22 0.11 0.00 75 84.83 146.49 61.66 24 0.01 0.32 0.89 0.00 64 156.80 174.10 17.30 3 0.02 0.35 1.08 0.01 52 266.35 781.20 514.
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: silver mineralization testing similar to that of Silver Sand ② S
Slide 26: Silverstrike: Drill-Ready Targets at Silverstrike North
Silverstrike: Drill-Ready Targets at Silverstrike North 2022 drilling at Silverstrike North will test the South Top area Benchmark 27 Dump samples from South Top+North Top+Valley Zone: Average 174g/t Ag, 1.22% Pb Silverstrike Central South Top Mining Dumps in Slope Area Mining dumps at Bottom of Val
Slide 27: Silverstrike: Drilling at Silverstrike Central
Silverstrike: Drilling at Silverstrike Central Silver Zone Silverstrike Central Gold Zone 27 TSX: NUAG | NYSE American: NEWP | www.newpacificmetals.com
Slide 28: Silverstrike: Drilling at Silverstrike Central
Silverstrike: Drilling at Silverstrike Central Gold Zone - Drilling confirmed gold mineralization extends at depth Rhyolite 42 m @ 1.02g/t Au, 18g/t Ag 77.6 g/t Au, 41 g/t Ag 9.23 g/t Au, 17 g/t Ag 302° 122° 0.23 g/t Au, 9 g/t Ag 223.52 m @ 0.97 g/t Au, 4 g/t Ag Including 86.1 m @ 2.18 g/t Au, 7 g/t
Slide 29: ESG: Our Commitment to Sustainable Exploration & Development
ESG: Our Commitment to Sustainable Exploration & Development Health and Safety Environment Safety targets met at all exploration programs Zero recordable environmental incidents COVID-19 protocols implemented Environmental and social baseline studies to IFC Performance Standards1 COVID-19 equipment
Slide 30: New Pacific Metals: Dual Listed on TSX & NYSE-A
New Pacific Metals: Dual Listed on TSX & NYSE-A 8.9% Management & Board 9.4% Pan American Silver* 14.2% 39.2% Institutional Presumptive Shareholders Ownership Retail 28.3% Silvercorp Metals Institution Analyst Financial Summary (as of September 30, 2022) Common Shares Outstanding 156.72 M Chris Thom
Slide 31: Proven Leadership and Experience
Proven Leadership and Experience MANAGEMENT +25 years of experience in the mining industry; Dr. Rui Feng 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 Zhang, P
Slide 32: Proven Leadership and Experience
Proven Leadership and Experience BOARD OF DIRECTORS AND ADVISORS 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
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
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