New Pacific Metals (NUAG) Corporate presentation summary

Project overview and strategy

• Advancing two major undeveloped open-pit silver projects in Bolivia: Silver Sand and Carangas.

• Both projects are positioned to significantly increase Bolivia's silver output if developed.

• Strategy focuses on building alliances with local communities and engaging government for permitting.

• Near-term objectives include advancing environmental licenses and converting exploration licenses.

• Management and board have significant mining experience and institutional ownership is high.

Silver Sand project highlights

• Pre-feasibility study (PFS) completed in June 2024, outlining a 13-year mine life.

• Annual production projected at 12 Moz silver, with a total of 157 Moz over the mine life.

• Post-tax NPV (5%) of $740M and IRR of 37% at $24/oz Ag; payback period of 1.9 years.

• All-in sustaining cost (AISC) estimated at $10.69/oz Ag; initial capital cost of $358M.

• Near-surface, high-grade ore enables strong early production profile.

Carangas project highlights

• Preliminary economic assessment (PEA) for starter pit completed in September 2024.

• 16-year mine life with annual silver production of 6.6 Moz and total production of 106 Moz.

• Post-tax NPV (5%) of $501M and IRR of 26% at $24/oz Ag; payback period of 3.2 years.

• AISC estimated at $7.60/oz Ag; initial capital cost of $324M.

• Significant gold resource below the silver horizon, with potential for future underground mining.