New Pacific Metals (NUAG) Q4 2024 earnings summary

Executive summary

• Filed Pre-Feasibility Study for Silver Sand Project, showing post-tax NPV of $740M and IRR of 37% at $24/oz silver, with 157 Moz production over 13 years and AISC of $10.69/oz.

• Inaugural mineral resource estimate for Carangas Project: 214.9 Mt indicated (205.3 Moz silver, 1,588.2 Koz gold, 1,444.9 Mlbs lead, 2,653.7 Mlbs zinc, 112.6 Mlbs copper) and 45.0 Mt inferred.

• Closed a bought deal financing, raising $25.9M gross proceeds.

Financial highlights

• Net loss for the year ended June 30, 2024 was $6.02M ($0.04/share), improved from $8.10M ($0.05/share) year-over-year.

• Operating expenses for the year were $6.94M, down from $8.26M year-over-year.

• Income from investments rose to $1.06M from $0.18M year-over-year.

• Working capital as of June 30, 2024 was $21.38M.

• Provision for credit loss of $0.27M recorded for the year.

Segment performance

• Silver Sand Project: $3.21M capitalized expenditures for the year, down from $6.74M year-over-year.

• Carangas Project: $1.79M capitalized expenditures for the year, down from $12.14M year-over-year.

• Silverstrike Project: $0.10M capitalized expenditures for the year, down from $1.56M year-over-year.