New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has filed an independent preliminary economic assessment (PEA) technical report for its Carangas project in Oruro Department, Bolivia. The report, prepared by Ausenco Engineering Canada ULC in accordance with National Instrument 43-101, is effective July 16, 2026. The company confirmed that there are no material differences between the information in the report and the results announced on July 17, 2026.
The filing of the PEA marks a significant milestone for New Pacific Metals as it advances its portfolio of precious metals projects in Bolivia. The Carangas silver-gold project is one of two permitting-stage projects the company is developing in the country, alongside the Silver Sand project in Potosí. The Carangas project is noted for its scale, robust economics, and regional exploration potential, which strengthens the company's overall portfolio.
The PEA provides an independent assessment of the project's economic viability, which is crucial for investors and stakeholders. By filing the technical report, New Pacific Metals has taken a key step towards potential development, subject to successful permitting and financing. The company's near decade of operating experience in Bolivia has earned the confidence of its stakeholders and shareholders, positioning it well to navigate the regulatory and operational complexities of the region.
The announcement is important for the mining industry as it underscores the continued interest in Bolivia's mineral resources. The Carangas project, with its silver and gold deposits, adds to the country's potential as a significant player in the precious metals sector. For investors, the PEA offers a detailed look into the project's expected financial performance, including capital and operating costs, which are critical for assessing the project's feasibility.
New Pacific Metals' focus on Bolivia is part of a broader strategy to develop high-quality precious metals assets in underexplored regions. The company's ability to progress the Carangas project through the permitting stage demonstrates its commitment to responsible development and its capacity to work within local frameworks. The filing also provides transparency, allowing shareholders and potential investors to make informed decisions based on the technical and economic data presented.
As the company moves forward, it will likely face challenges related to permitting, community relations, and market conditions. However, the PEA results, as previously announced, indicate a project with favorable economics, which could attract further investment and support the company's growth trajectory. The full press release and additional details can be accessed through the company's newsroom at http://ibn.fm/NEWP.
