New Pacific Metals (TSE:NUAG) has released an update.
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New Pacific Metals Corp. has announced promising results from the pre-feasibility study of its Silver Sand Project in Bolivia, revealing a potential post-tax net present value of $740 million and a 37% internal rate of return. The project, with an estimated 157 million ounces of silver, is expected to have a 13-year mine life with low all-in sustaining costs of $10.69 per ounce. These results position the Silver Sand Project as a prospective high-grade, low-cost silver venture with a rapid post-tax payback period of 1.9 years.
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