New Pacific Metals Signs Framework Agreement with Carangas Community
New Pacific Metals announced the signing of a Framework Agreement for Cooperation and Coordination with the Carangas community in respect to its Carangas silver-gold project, located in Oruro Department, Bolivia. The Agreement includes the terms, conditions, and commitments of both the company and TIOC Carangas and represents a critical step in moving the Carangas Project forward towards production. With the Framework Agreement in place, the company and AJAM Oruro will be able to successfully complete the formal prior consultation process. This will be followed by submitting an application to the National Assembly to convert the exploration licenses to mining permits. The company is also planning to commence work on a feasibility study for the Carangas Project once the mining permits are granted. Additionally, the company plans to conduct exploration drilling - targeting deeper zones within the known wide intercepts of gold mineralization as well as new targets represented by the Induced Polarization anomalies. The 2026 drilling campaign is expected to comprise over 30,000 meters of drilling.
