New Pacific Metals Reports Results of its Pre-Feasibility Study of the Silver Sand Project Post-Tax US$740 NPV (5%), 37% IRR, 157 Million Ounces of Silver

Item Unit Value Total Ore Mined Kt 52,014 Open Pit Strip Ratio1 t:t 3.3:1 Annual Processing Rate Ktpa 4,000 Average Silver Grade2 g/t 105 Silver Recovery2 % 90 % Silver Price $/oz 24.00 Payable Silver Metal Moz 157 Gross Revenue $M 3,770 Total All-In Sustaining Cost3 $/oz 10.69 Initial Capital Costs $M 358 13-year mine life, excluding the 2-year pre-production period, producing approximately 157 million oz ("Moz") of silver, Annual silver production exceeds 15 Moz in years one through three, with life of mi ...