Investment Overview
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Tickers: NUAG-TSX; NEWP-NYSE
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Shares issued and outstanding: 156.4 million (May 10, 2022)
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Market capitalization: US$463 million (May 10, 2022)
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Silvercorp ownership: 28.25%
Company Highlights
New Pacific is a Canadian explorer and developer focused on advancing three high-quality precious metals projects in Bolivia.
Silver Sand
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Flagship silver project ~35 km northeast of Cerro Rico, near Potosi
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Largest silver discovery in Bolivia in the last 30 years
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156 Moz indicated + 36 Moz inferred silver
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Near-surface deposit amenable to open pit operation
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Resource update in September 2022
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Preliminary Economic Assessment by yearend 2022
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Pre-feasibility study commencing later this year
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Exploration drilling ongoing at prospective satellite targets (e.g., Jisas and El Bronce) in the district
New Pacific Metals - Silver Sand Project
Carangas
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First mover in an underexplored safe silver-gold district
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~180 km southwest of Oruro
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Drilling discovered an extensive (1,000 m by 700 m) near-surface horizontal silver-rich zone, stacked above a gold zone that extends to depth—analogous to the Filo del Sol Project in the same metallogenic belt
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Recent exploration highlights include:
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143.6 m of the silver zone in hole DCAr0002 grading 144 g/t AgEq (130 g/t Ag, 0.41% Pb and 0.04% Zn) from 1.70 m, including 26.2 m at 589 g/t AgEq
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187.7 m of the silver zone in hole DCAr0001 grading 101 g/t AgEq (67 g/t Ag, 0.63% Pb and 0.45% Zn) from surface, including 7.4 m at 625 g/t AgEq
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595.7 m of the gold zone in hole DCAr0031 grading 1.25 g/t Au from 161.6 m, including 98.9 m of 2.58 g/t Au and 42.1 m at 3.51 g/t Au
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535.6 m of the gold zone in hole DCAr0039 grading 1.00 g/t Au from 162.1 m, including 72.2 m at 3.54 g/t Au
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Ongoing 2022 40,000 m drill program continues to deliver promising intersections
New Pacific Metals - Carangas Project
Silverstrike
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~140 km southwest of La Paz
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Project shares geological similarities to Silver Sand and Carangas
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Historic Rio Tinto drilling intersected widespread gold and silver mineralization
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6,000 m drill program now underway, testing gold and silver zones at Silverstrike Central and near-surface silver zone at Silverstrike North