New Pacific Metals Corp. announced outline its 2024 plans for its operations in Bolivia. The Preliminary Feasibility Study (the "PFS") in respect of the Company's Silver Sand project is progressing as planned, with an expected delivery by mid-2024.

Independent consultants AMC Mining Consultants Canada) Ltd., NewFields Canada Mining & Environment ULC and Halyard Inc. are actively involved in completing the PFS. Significant milestones achieved include the completion of mine optimization, strategic phasing, processing flowsheet optimization, and tailings trade-off studies. Concurrently, ongoing efforts encompass strategic mine scheduling, tailings and site infrastructure design, and processing plant layout design.