New Pacific holds a 98% contractual interest in the Carangas open-pit silver-gold-lead-zinc project and must cover 100% of future expenditures on exploration, mining, development and production activities. The July 16, 2026 PEA proposes staged crushing, grinding and flotation for silver-lead and zinc concentrates, with a later gold circuit using flotation, cyanide leaching, counter-current decantation, Merrill-Crowe recovery and refining to produce doré; cyanide destruction and tailings thickening follow. The PEA is preliminary and includes Inferred Mineral Resources too speculative geologically to be categorized as Mineral Reserves; there is no certainty that its results will be realized. The deeper gold-zone pit requires waste stripping on southern concessions held by the state of Bolivia and not currently available for tenure. These concessions include approximately 1.85% of the resources included in the economic analysis. Failure to obtain access or a mining agreement could require reevaluation of the pit design and PEA. The AMCs signed with AJAM on August 21, 2026 remain subject to legislative ratification and approval. Legal certainty for the project’s location within 50 kilometres of the Bolivian border with Chile remains unresolved; the company cautions that its contractual relationships and structures could be challenged.
- Country
- Bolivia
- Commodity
- Ag
- Stage
- PEA