VANCOUVER, BC (By New Pacific Metals, 26.Aug.2026, Words: 328) — New Pacific Metals Corp. reported the signing of the Administrative Mining Contracts (“AMCs”) for its Carangas silver-gold project, located in Oruro Department of Bolivia.
New Pacific successfully completed the prior consultation process on July 6, 2026, obtaining the consent of the Carangas community and other regional stakeholders as required to convert the Carangas project’s existing Prospecting and Exploration Licences (“PELs”) to AMCs.
The company submitted the required documentation to the Bolivian authorities, and the Autoridad Jurisdiccional Administrativa Minera (Administrative Mining Jurisdictional Authority, or “AJAM”) has now finalized the administrative conversion. The AMCs, which cover the approximately 39 km2 Carangas Project, have a 30-year fixed term and were officially signed with AJAM on August 21, 2026.
The AMCs represent an important milestone in advancing the Carangas project from exploration toward a long-term administrative mining framework and further de-risk the Carangas project’s permitting pathway.
The signed AMCs will now be submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval, representing the next key step toward formally obtaining the mining tenure.
Following legislative approval, the company expects to advance the Carangas project’s remaining permitting and technical work, including the environmental categorization and subsequent environmental impact assessment (EIA) process.
The company also announced that the 2026 Carangas drill program is scheduled to commence the week of 8 Sep. 2026. The approximately 30,000m drilling campaign will include approximately 25,000m of drilling to upgrade mineral resources in both the silver zone and the gold zone with the balance focused on step-out drilling for potential extensions and testing new targets such as the standalone chargeability anomalies of the induced polarization surveys completed in 2023 beyond the known mineral resource area.
Site preparation is underway, including mobilization of drilling equipment and contractors. As part of the program the company will gather data for the planned feasibility study, including collecting samples for metallurgical test work and conducting geotechnical and hydrological drilling.
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