New Pacific Metals Corp is a Canadian mining issuer engaged in exploring and developing mineral properties in Bolivia. The company focuses on precious metal projects including the flagship Silver Sand project the Carangas project and the early stage Silverstrike project. With experienced management and sufficient technical and financial resources the company aims to create shareholder value through exploration and resource development.
New Pacific Metals Corp generates…
New Pacific Metals Corp is a Canadian mining issuer engaged in exploring and developing mineral properties in Bolivia. The company focuses on precious metal projects including the flagship Silver Sand project the Carangas project and the early stage Silverstrike project. With experienced management and sufficient technical and financial resources the company aims to create shareholder value through exploration and resource development.
New Pacific Metals Corp generates revenue through the exploration development and potential future production of mineral resources from its projects in Bolivia. The company does not currently have revenue from ongoing mining operations as it remains in the exploration and development stage. Future revenue would come from the sale of payable silver zinc and lead concentrates if mining operations are successfully established.
The company operates through the following segments: Silver Sand Project Carangas Project and Silverstrike Project.
- The Silver Sand Project involves exploration and development of a silver deposit located in the Colavi District of Potosí Department in southwestern Bolivia. The project includes two claim blocks covering a total area of 5.42 km² with the south block hosting the main deposit. The company has completed extensive drilling programs and has obtained an Administrative Mining Contract for the south block. Mineral resource estimates indicate measured and indicated resources of 201.77 million ounces of silver at an average grade of 116 grams per tonne and inferred resources of 12.95 million ounces at 88 grams per tonne.
- The Carangas Project focuses on exploration and development of a silver zinc lead deposit in Bolivia. The company has filed a Preliminary Economic Assessment technical report indicating a 16 year life of mine producing approximately 106 million ounces of payable silver 620 million pounds of payable zinc and 382 million pounds of payable lead. The project is expected to create approximately 500 direct permanent jobs and has received community support through a local assembly vote in favor of the project.
- The Silverstrike Project is described as an early stage project with no detailed exploration or development activities disclosed in the filing. The company lists it as one of its precious metal projects but provides no further specifics on its location mineralization or current status.
New Pacific Metals Corp operates in a competitive mineral exploration industry where it faces competition from other mining companies many of which have greater financial resources and technical facilities. The company competes for the acquisition and development of mineral concessions as well as for the recruitment and retention of qualified employees and consultants. Its competitive position is supported by experienced management and sufficient technical and financial resources which it believes position it well to create shareholder value.
New Pacific Metals Corp serves customers in the global metals market including smelters refiners and industrial users who purchase silver zinc and lead concentrates. The company does not disclose specific customer names in the filing but its future customers would be entities involved in the processing and manufacturing of precious and base metals.