# New Pacific Metals Reports Results of Updated Carangas Preliminary Economic Assessment: Post-tax $2.65 Billion NPV \(5%\) and 35.9% IRR; 339.0 Million Oz of Silver Equivalent Produced Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa Original source: https://money.tmx.com/en/quote/NUAG/news/6346920817971374/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse Publisher: tmx Original announcement: 2026-07-16T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: New Pacific Metals Corp. - Ticker: NUAG - Exchange: TSX - Region: Oruro Department, Bolivia - Primary commodity: Silver - Secondary commodities: Gold, Zinc, Lead - Document categories: Resource update, Economic study, Metallurgy - Extracted: 2026-09-16 14:45:11 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary New Pacific Metals reported an updated Preliminary Economic Assessment \(PEA\) for its Carangas project in Bolivia, highlighting a post-tax NPV\(5%\) of $2.65 billion and an IRR of 35.9%. The study projects a 19-year mine life producing 195 Moz payable silver and 1.1 Moz payable gold, with initial capital costs of $644.5 million and a 2.4-year payback period. The updated resource estimate, effective March 31, 2026, includes significant indicated and inferred resources across silver, gold, lead, and zinc zones. Reasoning: The updated PEA for the Carangas project shows robust economics with a post-tax NPV\(5%\) of $2.65 billion and an IRR of 35.9%, driven by a low strip ratio and significant silver and gold production. However, the study is at a preliminary stage, includes inferred resources, and faces geopolitical and ownership risks in Bolivia. The resource update shows substantial indicated and inferred resources. - Positive factor: Strong post-tax NPV and IRR - Positive factor: Fast payback period - Positive factor: Low open pit strip ratio - Positive factor: Significant silver and gold production - Positive factor: Community agreement signed - Negative factor: Preliminary Economic Assessment level study - Negative factor: Reliance on Inferred Mineral Resources - Negative factor: Unresolved ownership of some mining concessions - Negative factor: Political and social instability risks in Bolivia Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 53 ## Classification and evidence **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("concentrator"\) ## Extracted facts Stored fact records: 52. Some facts used in scoring do not have a stored record. ## Resource Estimates (48) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-1) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:253fdb1ca1c644e6fb0e - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 121600000 - Contained Metal: 272.4 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 70 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone shows a substantial indicated resource with a high silver equivalent grade, contributing significantly to the project's overall scale and confidence. - Positive factor: Large indicated resource tonnage - Positive factor: High silver equivalent grade Evidence · table > 70 Context: 121.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 121.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-2) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:253fdb1ca1c644e6fb0e - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 121600000 - Grade: 44 - Grade Unit: g/t - Contained Metal: 173.9 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 70 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone shows a substantial indicated resource with a high silver grade, contributing significantly to the project's overall scale and confidence. - Positive factor: Large indicated resource tonnage - Positive factor: High silver grade Evidence · table > 44 Context: 121.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 121.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-3) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:253fdb1ca1c644e6fb0e - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 121600000 - Grade: 0.06 - Grade Unit: g/t - Contained Metal: 220 - Contained Unit: kozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 70 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone contains a low gold grade in the indicated resource, suggesting it is a byproduct rather than a primary target in this zone. - Positive factor: Indicated resource - Negative factor: Low gold grade Evidence · table > 0.06 Context: 121.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 121.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: The gold grade of 0.06 g/t is very low, indicating it is a byproduct in this silver-focused zone. Evidence · table > 0.06 Context: 121.6 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-4) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:253fdb1ca1c644e6fb0e - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 121600000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 923.3 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 70 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone contains a moderate lead grade in the indicated resource, contributing to the polymetallic nature of the deposit. - Positive factor: Indicated resource Evidence · table > 0.34 Context: 121.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 121.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Lead is present as a secondary commodity in this silver-focused zone. Evidence · table > 0.34 Context: 121.6 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-5) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:253fdb1ca1c644e6fb0e - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 121600000 - Grade: 0.65 - Grade Unit: % - Contained Metal: 1729.6 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 70 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone contains a moderate zinc grade in the indicated resource, contributing to the polymetallic nature of the deposit. - Positive factor: Indicated resource Evidence · table > 0.65 Context: 121.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 121.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Zinc is present as a secondary commodity in this silver-focused zone. Evidence · table > 0.65 Context: 121.6 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-6) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a5f82a64f9c18560f9f1 - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 33600000 - Contained Metal: 72.9 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 67 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone contains a significant inferred resource with a high silver equivalent grade, indicating potential for future conversion to higher confidence categories. - Positive factor: Significant inferred resource tonnage - Positive factor: High silver equivalent grade - Negative factor: Inferred resource category Evidence · table > 67 Context: 33.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 33.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-7) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a5f82a64f9c18560f9f1 - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 33600000 - Grade: 42 - Grade Unit: g/t - Contained Metal: 45.9 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 67 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone contains a significant inferred resource with a high silver grade, indicating potential for future conversion to higher confidence categories. - Positive factor: Significant inferred resource tonnage - Positive factor: High silver grade - Negative factor: Inferred resource category Evidence · table > 42 Context: 33.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 33.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-8) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a5f82a64f9c18560f9f1 - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 33600000 - Grade: 0.11 - Grade Unit: g/t - Contained Metal: 119.6 - Contained Unit: kozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 67 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone contains a low gold grade in the inferred resource, suggesting it is a byproduct and requires further drilling to improve confidence. - Positive factor: Inferred resource - Negative factor: Low gold grade - Negative factor: Inferred resource category Evidence · table > 0.11 Context: 33.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 33.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: The gold grade of 0.11 g/t is very low, indicating it is a byproduct in this silver-focused zone. Evidence · table > 0.11 Context: 33.6 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-9) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a5f82a64f9c18560f9f1 - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 33600000 - Grade: 0.29 - Grade Unit: % - Contained Metal: 211.6 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 67 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone contains a moderate lead grade in the inferred resource, indicating potential for future conversion to higher confidence categories. - Positive factor: Inferred resource - Negative factor: Inferred resource category Evidence · table > 0.29 Context: 33.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 33.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Lead is present as a secondary commodity in this silver-focused zone. Evidence · table > 0.29 Context: 33.6 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-10) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a5f82a64f9c18560f9f1 - Deposit or zone: Upper Silver Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 33600000 - Grade: 0.48 - Grade Unit: % - Contained Metal: 357.6 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 67 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Upper Silver Zone contains a moderate zinc grade in the inferred resource, indicating potential for future conversion to higher confidence categories. - Positive factor: Inferred resource - Negative factor: Inferred resource category Evidence · table > 0.48 Context: 33.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 33.6 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Zinc is present as a secondary commodity in this silver-focused zone. Evidence · table > 0.48 Context: 33.6 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-11) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:65f4f25ac7ad794099e2 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 38700000 - Contained Metal: 51.3 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 41 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone shows a substantial indicated resource with a moderate silver equivalent grade, contributing to the project's overall scale and confidence. - Positive factor: Significant indicated resource tonnage - Positive factor: Moderate silver equivalent grade Evidence · table > 41 Context: 38.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 38.7 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-12) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:65f4f25ac7ad794099e2 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 38700000 - Grade: 12 - Grade Unit: g/t - Contained Metal: 15.1 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 41 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone contains a moderate silver grade in the indicated resource, contributing to the polymetallic nature of the deposit. - Positive factor: Indicated resource - Negative factor: Moderate silver grade Evidence · table > 12 Context: 38.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 38.7 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is present as a secondary commodity in this zinc-focused zone. Evidence · table > 12 Context: 38.7 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-13) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:65f4f25ac7ad794099e2 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 38700000 - Grade: 0.06 - Grade Unit: g/t - Contained Metal: 68.8 - Contained Unit: kozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 41 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone contains a low gold grade in the indicated resource, suggesting it is a byproduct rather than a primary target in this zone. - Positive factor: Indicated resource - Negative factor: Low gold grade Evidence · table > 0.06 Context: 38.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 38.7 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: The gold grade of 0.06 g/t is very low, indicating it is a byproduct in this zinc-focused zone. Evidence · table > 0.06 Context: 38.7 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-14) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:65f4f25ac7ad794099e2 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 38700000 - Grade: 0.37 - Grade Unit: % - Contained Metal: 314.1 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 41 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone contains a moderate lead grade in the indicated resource, contributing to the polymetallic nature of the deposit. - Positive factor: Indicated resource Evidence · table > 0.37 Context: 38.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 38.7 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Lead is present as a secondary commodity in this zinc-focused zone. Evidence · table > 0.37 Context: 38.7 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-15) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:65f4f25ac7ad794099e2 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 38700000 - Grade: 0.81 - Grade Unit: % - Contained Metal: 688 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 41 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone shows a substantial indicated resource with a moderate zinc grade, contributing significantly to the project's overall scale and confidence. - Positive factor: Significant indicated resource tonnage - Positive factor: Moderate zinc grade Evidence · table > 0.81 Context: 38.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 38.7 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-16) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:c86671f0c215d3692c75 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9100000 - Contained Metal: 11.5 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 39 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone contains an inferred resource with a moderate silver equivalent grade, indicating potential for future conversion to higher confidence categories. - Positive factor: Inferred resource tonnage - Positive factor: Moderate silver equivalent grade - Negative factor: Inferred resource category Evidence · table > 39 Context: 9.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 9.1 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-17) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:c86671f0c215d3692c75 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9100000 - Grade: 9 - Grade Unit: g/t - Contained Metal: 2.6 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 39 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone contains an inferred resource with a moderate silver grade, indicating potential for future conversion to higher confidence categories. - Positive factor: Inferred resource - Negative factor: Inferred resource category Evidence · table > 9 Context: 9.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 9.1 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is present as a secondary commodity in this zinc-focused zone. Evidence · table > 9 Context: 9.1 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-18) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:c86671f0c215d3692c75 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9100000 - Grade: 0.05 - Grade Unit: g/t - Contained Metal: 15.3 - Contained Unit: kozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 39 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone contains a low gold grade in the inferred resource, suggesting it is a byproduct and requires further drilling to improve confidence. - Positive factor: Inferred resource - Negative factor: Low gold grade - Negative factor: Inferred resource category Evidence · table > 0.05 Context: 9.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 9.1 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: The gold grade of 0.05 g/t is very low, indicating it is a byproduct in this zinc-focused zone. Evidence · table > 0.05 Context: 9.1 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-19) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:c86671f0c215d3692c75 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9100000 - Grade: 0.38 - Grade Unit: % - Contained Metal: 77.1 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 39 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone contains a moderate lead grade in the inferred resource, indicating potential for future conversion to higher confidence categories. - Positive factor: Inferred resource - Negative factor: Inferred resource category Evidence · table > 0.38 Context: 9.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 9.1 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Lead is present as a secondary commodity in this zinc-focused zone. Evidence · table > 0.38 Context: 9.1 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-20) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:c86671f0c215d3692c75 - Deposit or zone: Middle Zinc Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 9100000 - Grade: 0.85 - Grade Unit: % - Contained Metal: 172.2 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 39 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Middle Zinc Zone contains an inferred resource with a moderate zinc grade, indicating potential for future conversion to higher confidence categories. - Positive factor: Inferred resource tonnage - Positive factor: Moderate zinc grade - Negative factor: Inferred resource category Evidence · table > 0.85 Context: 9.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 9.1 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-21) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:9a4f28bac55148c90b7d - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 78400000 - Contained Metal: 205.9 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 82 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone shows a substantial indicated resource with a high silver equivalent grade, contributing significantly to the project's overall scale and confidence. - Positive factor: Significant indicated resource tonnage - Positive factor: High silver equivalent grade Evidence · table > 82 Context: 78.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 78.4 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-22) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:9a4f28bac55148c90b7d - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 78400000 - Grade: 10 - Grade Unit: g/t - Contained Metal: 24.4 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 82 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone contains a moderate silver grade in the indicated resource, contributing to the polymetallic nature of the deposit. - Positive factor: Indicated resource - Negative factor: Moderate silver grade Evidence · table > 10 Context: 78.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 78.4 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is present as a secondary commodity in this gold-focused zone. Evidence · table > 10 Context: 78.4 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-23) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:9a4f28bac55148c90b7d - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 78400000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 1911.7 - Contained Unit: kozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 82 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone shows a substantial indicated resource with a moderate gold grade, contributing significantly to the project's overall scale and confidence. - Positive factor: Significant indicated resource tonnage - Positive factor: Moderate gold grade Evidence · table > 0.76 Context: 78.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 78.4 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-24) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:9a4f28bac55148c90b7d - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 78400000 - Grade: 0.12 - Grade Unit: % - Contained Metal: 215 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 82 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone contains a low lead grade in the indicated resource, suggesting it is a byproduct rather than a primary target in this zone. - Positive factor: Indicated resource - Negative factor: Low lead grade Evidence · table > 0.12 Context: 78.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 78.4 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Lead is present as a secondary commodity in this gold-focused zone. Evidence · table > 0.12 Context: 78.4 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-25) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:9a4f28bac55148c90b7d - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 78400000 - Grade: 0.23 - Grade Unit: % - Contained Metal: 403.8 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 82 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone contains a low zinc grade in the indicated resource, suggesting it is a byproduct rather than a primary target in this zone. - Positive factor: Indicated resource - Negative factor: Low zinc grade Evidence · table > 0.23 Context: 78.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 78.4 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Zinc is present as a secondary commodity in this gold-focused zone. Evidence · table > 0.23 Context: 78.4 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-26) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:64213e9f34aab46a2d41 - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 11000000 - Contained Metal: 28.3 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 80 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone contains an inferred resource with a high silver equivalent grade, indicating potential for future conversion to higher confidence categories. - Positive factor: Inferred resource tonnage - Positive factor: High silver equivalent grade - Negative factor: Inferred resource category Evidence · table > 80 Context: 11.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 11.0 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-27) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:64213e9f34aab46a2d41 - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 11000000 - Grade: 10 - Grade Unit: g/t - Contained Metal: 3.6 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 80 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone contains an inferred resource with a moderate silver grade, indicating potential for future conversion to higher confidence categories. - Positive factor: Inferred resource - Negative factor: Inferred resource category Evidence · table > 10 Context: 11.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 11.0 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Silver is present as a secondary commodity in this gold-focused zone. Evidence · table > 10 Context: 11.0 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-28) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:64213e9f34aab46a2d41 - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 11000000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 248.5 - Contained Unit: kozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 80 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone contains an inferred resource with a moderate gold grade, indicating potential for future conversion to higher confidence categories. - Positive factor: Inferred resource tonnage - Positive factor: Moderate gold grade - Negative factor: Inferred resource category Evidence · table > 0.70 Context: 11.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 11.0 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-29) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:64213e9f34aab46a2d41 - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 11000000 - Grade: 0.15 - Grade Unit: % - Contained Metal: 36.2 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 80 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone contains a low lead grade in the inferred resource, suggesting it is a byproduct and requires further drilling to improve confidence. - Positive factor: Inferred resource - Negative factor: Low lead grade - Negative factor: Inferred resource category Evidence · table > 0.15 Context: 11.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 11.0 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Lead is present as a secondary commodity in this gold-focused zone. Evidence · table > 0.15 Context: 11.0 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-30) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:64213e9f34aab46a2d41 - Deposit or zone: Lower Gold Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 11000000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 82.4 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 80 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The Lower Gold Zone contains a low zinc grade in the inferred resource, suggesting it is a byproduct and requires further drilling to improve confidence. - Positive factor: Inferred resource - Negative factor: Low zinc grade - Negative factor: Inferred resource category Evidence · table > 0.34 Context: 11.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 11.0 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Zinc is present as a secondary commodity in this gold-focused zone. Evidence · table > 0.34 Context: 11.0 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-31) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:efbdaa4ddb43c678a245 - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 238800000 - Contained Metal: 529.6 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 69 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total indicated resource for the Carangas project is very large with a high silver equivalent grade, providing a strong foundation for future development. - Positive factor: Very large indicated resource tonnage - Positive factor: High silver equivalent grade Evidence · table > 69 Context: 238.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 238.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-32) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:efbdaa4ddb43c678a245 - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 238800000 - Grade: 28 - Grade Unit: g/t - Contained Metal: 213.4 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total indicated resource for the Carangas project includes a substantial silver grade, contributing significantly to the project's overall scale and confidence. - Positive factor: Very large indicated resource tonnage - Positive factor: High silver grade Evidence · table > 28 Context: 238.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 238.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-33) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:efbdaa4ddb43c678a245 - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 238800000 - Grade: 0.29 - Grade Unit: g/t - Contained Metal: 2200.5 - Contained Unit: kozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total indicated resource for the Carangas project includes a moderate gold grade, contributing significantly to the project's overall scale and confidence. - Positive factor: Very large indicated resource tonnage - Positive factor: Moderate gold grade Evidence · table > 0.29 Context: 238.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 238.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-34) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:efbdaa4ddb43c678a245 - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 238800000 - Grade: 0.28 - Grade Unit: % - Contained Metal: 1452.4 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total indicated resource for the Carangas project includes a moderate lead grade, contributing to the polymetallic nature of the deposit. - Positive factor: Very large indicated resource tonnage Evidence · table > 0.28 Context: 238.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 238.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports #### Rejected tags **Byproduct Commodity** — Rejected; excluded from scoring Polarity: neutral Story-specific tag Definition: The tested commodity is a byproduct rather than the primary economic driver. Reason: Lead is present as a secondary commodity in the overall indicated resource. Evidence · table > 0.28 Context: 238.8 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-35) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:efbdaa4ddb43c678a245 - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 238800000 - Grade: 0.54 - Grade Unit: % - Contained Metal: 2821.3 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total indicated resource for the Carangas project includes a moderate zinc grade, contributing significantly to the project's overall scale and confidence. - Positive factor: Very large indicated resource tonnage - Positive factor: Moderate zinc grade Evidence · table > 0.54 Context: 238.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 238.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-36) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a6421de02a946ae21c0a - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 53800000 - Contained Metal: 112.7 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 65 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total inferred resource for the Carangas project is large with a high silver equivalent grade, indicating significant potential for future conversion to higher confidence categories. - Positive factor: Large inferred resource tonnage - Positive factor: High silver equivalent grade - Negative factor: Inferred resource category Evidence · table > 65 Context: 53.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 53.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-37) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a6421de02a946ae21c0a - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 53800000 - Grade: 30 - Grade Unit: g/t - Contained Metal: 52.1 - Contained Unit: mozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total inferred resource for the Carangas project includes a substantial silver grade, indicating significant potential for future conversion to higher confidence categories. - Positive factor: Large inferred resource tonnage - Positive factor: High silver grade - Negative factor: Inferred resource category Evidence · table > 30 Context: 53.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 53.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-38) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a6421de02a946ae21c0a - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 53800000 - Grade: 0.22 - Grade Unit: g/t - Contained Metal: 383.4 - Contained Unit: kozs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total inferred resource for the Carangas project includes a moderate gold grade, indicating significant potential for future conversion to higher confidence categories. - Positive factor: Large inferred resource tonnage - Positive factor: Moderate gold grade - Negative factor: Inferred resource category Evidence · table > 0.22 Context: 53.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 53.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-39) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a6421de02a946ae21c0a - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 53800000 - Grade: 0.27 - Grade Unit: % - Contained Metal: 324.9 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total inferred resource for the Carangas project includes a moderate lead grade, indicating significant potential for future conversion to higher confidence categories. - Positive factor: Large inferred resource tonnage - Negative factor: Inferred resource category Evidence · table > 0.27 Context: 53.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 53.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-40) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:a6421de02a946ae21c0a - Deposit or zone: Total - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 53800000 - Grade: 0.52 - Grade Unit: % - Contained Metal: 612.3 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total inferred resource for the Carangas project includes a moderate zinc grade, indicating significant potential for future conversion to higher confidence categories. - Positive factor: Large inferred resource tonnage - Positive factor: Moderate zinc grade - Negative factor: Inferred resource category Evidence · table > 0.52 Context: 53.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 53.8 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-45) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:f0a4c620d1ca9ad4653e - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 238800000 - Grade: 28 - Grade Unit: g/t - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 69 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total indicated resource for the Carangas project is very large with a high silver equivalent grade, providing a strong foundation for future development. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very large indicated resource tonnage - Positive factor: High silver equivalent grade Evidence · table > 28 Context: 238.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-46) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:f0a4c620d1ca9ad4653e - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 238800000 - Grade: 0.29 - Grade Unit: g/t - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 69 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total indicated resource for the Carangas project is very large with a high silver equivalent grade, providing a strong foundation for future development. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very large indicated resource tonnage - Positive factor: High silver equivalent grade Evidence · table > 0.29 Context: 238.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-47) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:f0a4c620d1ca9ad4653e - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 238800000 - Grade: 0.28 - Grade Unit: % - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 69 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total indicated resource for the Carangas project is very large with a high silver equivalent grade, providing a strong foundation for future development. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very large indicated resource tonnage - Positive factor: High silver equivalent grade Evidence · table > 0.28 Context: 238.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-48) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:f0a4c620d1ca9ad4653e - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 238800000 - Grade: 0.54 - Grade Unit: % - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 69 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total indicated resource for the Carangas project is very large with a high silver equivalent grade, providing a strong foundation for future development. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Very large indicated resource tonnage - Positive factor: High silver equivalent grade Evidence · table > 0.54 Context: 238.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-49) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:dd259c730f15da310c22 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 53800000 - Grade: 30 - Grade Unit: g/t - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 65 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total inferred resource for the Carangas project is large with a high silver equivalent grade, indicating significant potential for future conversion to higher confidence categories. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large inferred resource tonnage - Positive factor: High silver equivalent grade - Negative factor: Inferred resource category Evidence · table > 30 Context: 53.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-50) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:dd259c730f15da310c22 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 53800000 - Grade: 0.22 - Grade Unit: g/t - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 65 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total inferred resource for the Carangas project is large with a high silver equivalent grade, indicating significant potential for future conversion to higher confidence categories. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large inferred resource tonnage - Positive factor: High silver equivalent grade - Negative factor: Inferred resource category Evidence · table > 0.22 Context: 53.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-51) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:dd259c730f15da310c22 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 53800000 - Grade: 0.27 - Grade Unit: % - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 65 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total inferred resource for the Carangas project is large with a high silver equivalent grade, indicating significant potential for future conversion to higher confidence categories. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large inferred resource tonnage - Positive factor: High silver equivalent grade - Negative factor: Inferred resource category Evidence · table > 0.27 Context: 53.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-resource-facts-52) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Resource scope - Estimate type: resource - Effective date: 2026-03-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Anderson Candido - Resource group id: resource:dd259c730f15da310c22 - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 53800000 - Grade: 0.52 - Grade Unit: % - Cutoff Grade: 30 - Cutoff Unit: g/t AgEq #### Prior Estimate - Resource Date: 2026-03-31 #### Metal Equivalent - Metal Eq. Grade: 65 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The total inferred resource for the Carangas project is large with a high silver equivalent grade, indicating significant potential for future conversion to higher confidence categories. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Large inferred resource tonnage - Positive factor: High silver equivalent grade - Negative factor: Inferred resource category Evidence · table > 0.52 Context: 53.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## Metallurgical Results (4) ### cyanide leaching [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-metallurgical-facts-41) Carangas · silver #### Identity - Project: Carangas - Commodity: silver - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Test Work - Program Status: detailed - Test Type: cyanide leaching - Processing Route: cyanide leaching, counter-current decantation, Merril-Crowe, and smelting #### Recovery - Recovery: 60 % - Recovery Basis: to\_payable\_metal #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The silver recovery to gold/silver doré of 60.0% is a moderate result, indicating some silver is recovered in the gold circuit. - Positive factor: Moderate silver recovery Evidence · table > 60.0 Context: Silver Recovery to Gold/Silver Dore #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The processing involves cyanide leaching and associated circuits. Evidence · text > gold circuit \(including cyanide leaching, counter-current decantation, Merril-Crowe, and smelting\) **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: Silver is a primary commodity, but this specific recovery is for the gold doré, making it a byproduct in this circuit. Evidence · text > 195 million oz \("Moz"\) of payable Ag **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 60% is below the weak band \(75%\) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-metallurgical-facts-42) Carangas · lead #### Identity - Project: Carangas - Commodity: lead - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: selective sequential flotation #### Recovery - Recovery: 71.5 % - Recovery Basis: to\_concentrate #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The lead recovery to silver/lead concentrate of 71.5% is a moderate result for flotation, contributing to the overall metal recovery. - Positive factor: Moderate lead recovery to concentrate Evidence · table > 71.5 Context: Lead Recovery to Silver/Lead Concentrate #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The processing involves a flotation circuit to produce concentrates. Evidence · text > selective sequential flotation to produce a lead/silver concentrate and a zinc/silver concentrate **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: Lead is a secondary commodity in the project, and its recovery contributes to overall economics. Evidence · text > 941 Mlbs of payable Pb ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-metallurgical-facts-43) Carangas · zinc #### Identity - Project: Carangas - Commodity: zinc - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: selective sequential flotation #### Recovery - Recovery: 62.1 % - Recovery Basis: to\_concentrate #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The zinc recovery to zinc concentrate of 62.1% is a moderate result for flotation, contributing to the overall metal recovery. - Positive factor: Moderate zinc recovery to concentrate Evidence · table > 62.1 Context: Zinc Recovery to Zinc Concentrate #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The processing involves a flotation circuit to produce concentrates. Evidence · text > selective sequential flotation to produce a lead/silver concentrate and a zinc/silver concentrate **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: Zinc is a secondary commodity in the project, and its recovery contributes to overall economics. Evidence · text > 1,453 million pounds \("Mlbs"\) of payable Zn ### cyanide leaching [Link to this fact](https://atlas-extractions.minestarters.com/news/new-pacific-metals-reports-results-of-updated-carangas-preliminary-economic-asse--20356c55-2d01-4d73-a916-6b0d1d4e0ffa#fact-metallurgical-facts-44) Carangas · gold #### Identity - Project: Carangas - Commodity: gold - Region: bolivia - Reported Region: Oruro Department, Bolivia - Ticker: NUAG #### Test Work - Program Status: detailed - Test Type: cyanide leaching - Processing Route: cyanide leaching, counter-current decantation, Merril-Crowe, and smelting #### Recovery - Recovery: 93 % - Recovery Basis: to\_payable\_metal #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-16T00:00:00.000Z Reasoning: The gold recovery to gold/silver doré of 93.0% is a strong result for cyanide leaching, indicating efficient gold extraction. - Positive factor: High gold recovery Evidence · table > 93.0 Context: Gold Recovery to Gold/Silver Dore #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The processing involves cyanide leaching and associated circuits. Evidence · text > gold circuit \(including cyanide leaching, counter-current decantation, Merril-Crowe, and smelting\) ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.