New Pacific Metals (US:NEWP) Prnewswire·2025-02-10 12:30Core Insights - New Pacific Metals Corp. outlines its 2025 operational plans in Bolivia, focusing on advancing its flagship projects, Silver Sand and Carangas, while strengthening stakeholder relationships and securing necessary permits for construction [1][2]. Silver Sand Project - The company aims to secure surface rights through long-term land lease agreements with local communities in 2025, facing challenges from illegal artisanal miners [3]. - Legal actions have been taken to protect mineral rights, with an execution order obtained from the Mining Jurisdictional Administrative Authority (AJAM) [3]. Carangas Project - The company plans to transition its existing Exploration License to an Administrative Mining Contract under Bolivia's 2014 Mining Code, with the Carangas Project expected to be the first large-scale project to pursue this transition [4]. - A Ministerial Resolution outlining the AMC conversion process was passed on July 25, 2024, following strong engagement with local and federal authorities [4]. Financial Position - As of December 31, 2024, the company holds approximately $18 million in cash, with a baseline budget of $8 million for 2025, allowing for financial strength and flexibility in advancing its plans [7][2]. Production Potential - The company believes that its projects have the potential to produce nearly 19 million ounces of silver annually, which is crucial for meeting anticipated global demand for silver [2][9]. Environmental and Socioeconomic Studies - Throughout 2025, the company intends to advance environmental, socioeconomic, and hydrological studies in collaboration with local communities, prioritizing low-cost, long-lead information required for responsible mining [5].