A high-margin
silver
deposit with scale
- Preliminary Economic Assessment (PEA) released in Q1 2023
- 171 Moz silver production over 14 years at $10/oz All-In Sustaining Cost
- High-grade starter pit drives ~16Moz/yr in first 4 years
- Post-tax NPV (5%) US$726M, IRR 39%, and Payback Period <2 years
- Complete a pre-feasibility study in 1H 2024
- Maiden mineral resource estimate released in Q3 2023
- Total Indicated resources containing 560 Moz AgEq and total Inferred resources containing 110 Moz AgEq
- 1.8:1 strip ratio and favourable initial Ag-Au metallurgical testwork
- Recent geophysical survey highlighted district-scale exploration potential
- Complete a preliminary economic assessment in IH 2024
- Drilled by Rio Tinto in 1995
- In 2022, a 200 m near-surface gold zone of ~1 g/t was discovered by New Pacific
- Exploration temporarily paused to focus on Silver Sand and Carangas
What's Next?
Q2 2023
Carangas
Release final batch of drill results from Q1 2023 program
Q3 2023
Carangas
Complete inaugural mineral resource estimate
Q4 2023
Silver Sand
Complete pre-feasibility study
Q4 2023
Carangas
Complete a preliminary economic assessment
More Questions?
Contact Us
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