New Pacific Metals Announces Filing of NI 43-101 PFS Technical Report for the Silver Sand Project
New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) has announced the filing of an independent Pre-Feasibility Study (PFS) technical report for its Silver Sand project in Potosi, Bolivia. The PFS Technical Report, effective June 19, 2024, complies with NI 43-101 standards. Qualified persons from AMC Mining Consultants, Halyard Inc., NewFields Canada Mining & Environment ULC, and BBA Engineering contributed to the report. The technical report is now available on SEDAR+, EDGAR, and the company's website.
New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) ha annunciato la presentazione di un rapporto tecnico di uno studio di pre-fattibilità (PFS) indipendente per il suo progetto Silver Sand a Potosi, Bolivia. Il rapporto tecnico PFS, con effetto dal 19 giugno 2024, è conforme agli standard NI 43-101. Professionisti qualificati di AMC Mining Consultants, Halyard Inc., NewFields Canada Mining & Environment ULC e BBA Engineering hanno contribuito al rapporto. Il rapporto tecnico è ora disponibile su SEDAR+, EDGAR e sul sito web dell'azienda.
New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) ha anunciado la presentación de un informe técnico de un Estudio de Pre-Factibilidad (PFS) independiente para su proyecto Silver Sand en Potosí, Bolivia. El Informe Técnico PFS, vigente desde el 19 de junio de 2024, cumple con los estándares NI 43-101. Personas calificadas de AMC Mining Consultants, Halyard Inc., NewFields Canada Mining & Environment ULC y BBA Engineering contribuyeron al informe. El informe técnico ya está disponible en SEDAR+, EDGAR y en el sitio web de la empresa.
New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP)는 볼리비아 포토시의 Silver Sand 프로젝트에 대한 독립적인 예비타당성 조사(PFS) 기술 보고서를 제출했다고 발표했습니다. PFS 기술 보고서는 2024년 6월 19일 기준으로 NI 43-101 표준을 준수합니다. 자격을 갖춘 전문가들이 AMC Mining Consultants, Halyard Inc., NewFields Canada Mining & Environment ULC, BBA Engineering에서 보고서에 기여했습니다. 기술 보고서는 현재 SEDAR+, EDGAR 및 회사 웹사이트에서 확인할 수 있습니다.
New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) a annoncé le dépôt d'un rapport technique d'étude de préfaisabilité (PFS) indépendant pour son projet Silver Sand à Potosí, en Bolivie. Le rapport technique PFS, effectif à partir du 19 juin 2024, est conforme aux normes NI 43-101. Des personnes qualifiées d'AMC Mining Consultants, Halyard Inc., NewFields Canada Mining & Environment ULC et BBA Engineering ont contribué au rapport. Le rapport technique est désormais disponible sur SEDAR+, EDGAR et le site Internet de l'entreprise.
New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) hat die Einreichung eines unabhängigen technischen Berichts über eine Machbarkeitsstudie (PFS) für sein Silver Sand Projekt in Potosi, Bolivien, angekündigt. Der PFS-Technikbericht, gültig ab dem 19. Juni 2024, entspricht den NI 43-101 Standards. Qualifizierte Personen von AMC Mining Consultants, Halyard Inc., NewFields Canada Mining & Environment ULC und BBA Engineering haben zu dem Bericht beigetragen. Der technische Bericht ist nun auf SEDAR+, EDGAR und der Website des Unternehmens verfügbar.
- Filing of NI 43-101 compliant Pre-Feasibility Study for Silver Sand project
- Involvement of multiple qualified experts in the technical report preparation
- None.
Insights
The filing of the NI 43-101 PFS Technical Report for New Pacific Metals' Silver Sand project is a significant milestone in the company's development. This report provides important insights into the project's economic viability and technical feasibility, which are essential for investors and potential partners.
Key points to consider:
- The involvement of multiple qualified persons from reputable firms like AMC Consultants and BBA Engineering adds credibility to the report.
- The PFS is a step up from a Preliminary Economic Assessment, indicating the project is advancing towards potential production.
- Availability on SEDAR+, EDGAR and the company's website ensures transparency and easy access for investors.
While this news is positive for project advancement, investors should carefully review the report's details, including capital requirements, projected returns and risk factors before making investment decisions.
The filing of the PFS Technical Report is a crucial step in New Pacific Metals' journey towards potential production at the Silver Sand project. From a financial perspective, this report will likely contain vital information such as:
- Estimated capital expenditure requirements
- Projected operating costs
- Expected metal recovery rates
- Potential revenue streams based on current metal prices
These factors are essential for assessing the project's economic viability and its potential impact on the company's future cash flows. Investors should pay close attention to the Net Present Value (NPV) and Internal Rate of Return (IRR) figures, which will indicate the project's potential profitability. Additionally, the report may provide insights into the company's funding needs for project development, which could impact future equity dilution or debt levels.
VANCOUVER, BC, Aug. 8, 2024 /PRNewswire/ - New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) ("New Pacific" or the "Company") is pleased to report the filing of an independent Pre-Feasibility Study ("PFS") technical report for its Silver Sand project (the "Project") located in
The PFS Technical Report was prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
The qualified persons (as defined in NI 43-101) for the PFS Technical Report are Mr. Wayne Rogers, P.Eng., and Mr. Mo Molavi, P.Eng., both Principal Mining Engineers with AMC Mining Consultants (
This news release has been reviewed and approved by Alex Zhang, P.Geo., Vice President of Exploration of New Pacific Metals Corp. who is the designated qualified person for the Company.
A copy of the PFS Technical Report is available under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Company's website at www.newpacificmetals.com.
About New Pacific Metals
New Pacific is a Canadian exploration and development company with three precious metal projects in
For Further Information
New Pacific Metals Corp.
Phone: (604) 633‐1368 Ext. 223
E-mail: invest@newpacificmetals.com
For additional information and to receive company news by e-mail, please register using New Pacific's website at www.newpacificmetals.com.
CAUTIONARY NOTE REGARDING FORWARD‐LOOKING INFORMATION
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Such statements include, but are not limited to, statements regarding: anticipated exploration, drilling, development, construction, and other activities or achievements of the Company; inferred, indicated or measured mineral resources or mineral reserves on the Company's projects, including, but not limited to, the Project; the results of the PFS; the anticipation that the Project has the potential to be developed into one of the world's largest silver mines; the anticipation that the Company will file a Preliminary Economic Assessment in respect of its Carangas project; the timing of receipt of permits and regulatory approvals; and estimates of the Company's revenues and capital expenditures.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: global economic and social impact of public health crises (such as a resurgence of the COVID-19 novel coronavirus); fluctuating equity prices, bond prices, commodity prices; calculation of resources, reserves and mineralization, general economic conditions, foreign exchange risks, interest rate risk, foreign investment risk; loss of key personnel; conflicts of interest; dependence on management, uncertainties relating to the availability and costs of financing needed in the future, environmental risks, operations and political conditions, the regulatory environment in
The forward-looking statements are necessarily based on a number of estimates, assumptions, beliefs, expectations and opinions of management as of the date of this news release that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates, assumptions, beliefs, expectations and options include, but are not limited to, those related to the Company's ability to carry on current and future operations, including: :global economic and social impact of public health crises on our operations and workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company's ability to meet or achieve estimates, projections and forecasts; the stabilization of the political climate in
Although the forward-looking statements contained in this news release are based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. All forward-looking statements in this news release are qualified by these cautionary statements. Accordingly, readers should not place undue reliance on such statements. Other than specifically required by applicable laws, the Company is under no obligation and expressly disclaims any such obligation to update or alter the forward-looking statements whether as a result of new information, future events or otherwise except as may be required by law. These forward-looking statements are made as of the date of this news release.
CAUTIONARY NOTE TO US INVESTORS
This news release has been prepared in accordance with the requirements of the securities laws in effect in
Additional information relating to the Company, including the AIF, can be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Company's website at www.newpacificmetals.com.
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SOURCE New Pacific Metals Corp.
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