New Pacific Metals Unveils Promising Studies and Funding

New Pacific Metals (TSE:NUAG) has released an update.

New Pacific Metals Corp. announced significant milestones, including a promising Pre-Feasibility Study for the Silver Sand Project with a $740 million NPV and a robust IRR of 37%, alongside a substantial mineral resource estimate for the Carangas Project. Additionally, the company successfully completed a bought deal financing, securing $25.9 million in gross proceeds. Despite these advancements, the company reported a net loss for the year ended June 30, 2024, which was lower than the previous year’s losses.

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