VANCOUVER, BC, July 16, 2026 /CNW/ -- New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) ("New Pacific" or the "Company") is pleased to report the results of its updated preliminary economic assessment technical report titled "Carangas Project NI 43-101 Technical Report and Preliminary Economic Assessment" (the "Updated Carangas PEA Technical Report") for the Carangas project (the "Project") in Oruro Department, Bolivia prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") by Ausenco Engineering Canada ULC ("Ausenco") dated effective July 16, 2026. The Updated Carangas PEA Technical Report considers an increased throughput rate and the inclusion of the gold zone when compared to the previous Preliminary Economic Assessment technical report dated September 5, 2024. Highlights from the Updated Carangas PEA Technical Report are as follows (all figures in US Dollars):
Post-tax net present value ("NPV") (5%) of $2.65 billion and internal rate of return ("IRR") of 35.9% at base case metal prices of: $45.00/ounce ("oz") silver ("Ag"), $3,400/oz gold ("Au"), $1.20/pound ("lb") zinc ("Zn"), and $0.90/lb lead ("Pb");
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Post tax NPV and IRR of $4.16 billion and 51.5%, respectively, at $67.50/oz Ag and the other metal prices held constant;
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Post tax NPV and IRR of $3.23 billion and 37.0%, respectively, at $5,100/oz Au and the other metal prices held constant;
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19-year life of mine ("LOM"), excluding two-years of pre-production, producing approximately 195 million oz ("Moz") of payable Ag, 1.1 Moz of payable Au, 1,453 million pounds ("Mlbs") of payable Zn and 941 Mlbs of payable Pb, or 339.0 Moz silver equivalent ("AgEq"1);
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Mining will occur during years 1 through 16. For years 17 to 19 all production will come from stockpiles;
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Payable silver production of approximately 15.5 Moz per year (18.9 Moz AgEq per year) in years 1 through 8, the "pre-gold production period"; average all-in sustaining cost ("AISC") of $18.25/oz AgEq, or average AISC of $12.11/oz Ag, net of by-products, during the pre-gold production period;
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Payable silver production of approximately 7.6 Moz per year and payable gold production of approximately 142.7 thousand ounces ("koz") per year (20.7 Moz AgEq per year) from years 9 through 16, the "gold production period"; average AISC of $17.78/oz AgEq, or average AISC of $-39.49/oz Ag, net of by-products, during the gold production period;
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Payable silver production of 10.3 Moz total (21.6 Moz AgEq total) for years 17 to 19, the "stockpile period"; and
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Average LOM AISC of $19.16/oz AgEq, or average LOM AISC of $0.11/oz Ag, net of by-products.
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Initial capital costs of $644.5 million and a post-tax payback of 2.4 years.
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LOM capex of $1.2 billion, including $422.7 million of growth capex and $166.5 million in sustaining capex; and
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Closure costs of $149.8 million.
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