The Lara Property is considered to hold excellent potential for the establishment of sufficient reserves to justify a mining operation

- R.J. Bailes

Quote from the Abermin Corp’s Presentation at the 93rd Annual of Northwest Mining Association Convention Spokane, Washington, December 3, '1987

About Nova Pacific

Nova Pacific Metals is a critical and precious metal exploration and development company focused on highly promising mining projects in North America. Our Lara VMS Project is strategically located approximately 25 km west of the Village of Chemainus, Vancouver Island, British Columbia. The Lara Project has undergone extensive historical drilling, with 323 diamond drill holes totaling 58,262 meters completed between 1982 and 1998.. Our 2024 independent technical report and mineral resource estimate reports historical near-surface mineralization within the Coronation Trend. At a 1% zinc equivalent block cut-off, the indicated resource contains approximately 1,146,700 tonnes with an average grade of 3.01% zinc, 32.97 g/t silver, 1.05% copper, 0.58% lead, and 1.97 g/t gold. The inferred resource estimate adds another 669,600 tonnes of slightly lesser grades. * (Kelso and Wetherup, 2007)

The Lara Project: A Critical Metal Deposit With Significant Gold and Silver

  • Developed Between 1982 and 1992
  • Historical Resource Estimates from Kelso and Wetherup, 2008 Technical Report
  • Confirmation drilling planned for Q1, 2025

Indicated Resource:

1,146,700 tonnes

Inferred Resource:

669,000 tonnes

Number of drill holes to date

323

Total Drilling:

58,262 meters

* Nova Pacific Metals has not done sufficient exploration to classify the historical estimate as a current resource and the Company is not treating the historical estimate as a current resource.

The Lara Property is considered to hold excellent potential for the establishment of sufficient reserves to justify a mining operation

British Columbia - A Tier 1 Mining Jurisdiction with Rich Mining Heritage

Since the mid-1800s, British Columbia has consistently been one of Canada's most important mining provinces, featuring an abundance and vast range of resources. The province is home to some of the most significant mining operations in North America. “British Columbia’s vast wealth of mineral and metal resources, if further developed, could create thousands of jobs, generate billions in tax revenues, and see a long-term economic boost of nearly $800 billion.” -Mining Association of British Columbia (MABC). See the study
Map of BC Mines and what Resource is Being Mined
BC Mined MAterial Breakdown
Map of Vancouver Island Featuring the Lara VMS Project Locations

Lara VMS

The Lara Project is a near surface highly attractive Volcanogenic Massive Sulfide (VMS) deposit strikingly similar to the prolific Myra Falls mine, located 145 km to the northwest. Nova Pacific aims to advance the project to the pre-feasibility stage utilizing both infill and confirmation drilling to upgrade historical resource calculations.
Learn About the Lara Project

The Market

Copper

Copper demand is forecasted to surge due to its critical role in green technology transitions, such as renewable energy and electric vehicles, alongside industrial and infrastructure needs. This heightened demand is driving copper prices upward, resulting in an overall positive price trajectory. Additionally, supply constraints and geopolitical factors further support the price increase.

$4.50 USD/lb

Copper Price as of July 2024

442.1%

Price Increase since Jan 2000

Copper is the only critical mineral present in all of the most important clean energy technologies – EVs, solar PV, wind, and electricity networks – due to its unmatched combination of characteristics: electronic conductivity, longevity, ductility and corrosion resistance.

China is the fourth-largest producer with 8% of global supply while Russia supplies 5%

—International Energy Agency, Critical Minerals Outlook (2024)

Copper demand is forecasted to surge due to its critical role in green technology transitions, such as renewable energy and electric vehicles, alongside industrial and infrastructure needs. This heightened demand is driving copper prices upward, resulting in an overall positive price trajectory. Additionally, supply constraints and geopolitical factors further support the price increase.

Gold

In 2024, gold prices have set new highs due to economic uncertainty, geopolitical tensions, and monetary policies. Rising inflation and recession fears have driven investors toward gold as a safe-haven asset. Additionally, increased demand from emerging markets and central bank purchases have further supported the price surge.

$2,425.50 USD/oz

Gold Price as of July 2024

620.5%

Price Increase since Jan 2000

Across all metals, we have the highest conviction on a bullish medium-term forecast for both gold and silver over the course of 2024 and into the first half of 2025, though timing an entry will continue to be critical

—Gregory Shearer, Head of Base and Precious Metals Strategy at J.P. Morgan.

In 2024, gold prices have set new highs due to economic uncertainty, geopolitical tensions, and monetary policies. Rising inflation and recession fears have driven investors toward gold as a safe-haven asset. Additionally, increased demand from emerging markets and central bank purchases have further supported the price surge.
Bullion Boom Graphic

Silver

Silver prices are partially driven by its essential role in industrial applications and renewable energy technologies, particularly solar panels. Additionally, continued economic recovery and increased investment demand are expected to support silver prices.

$27.87 USD/oz

Silver Price as of July 2024

467.9%

Price Increase since Jan 2000

The global silver deficit is expected to rise by 17% to 215.3 million troy ounces in 2024 due to a 2% growth in demand led by a robust industrial consumption and a 1% fall in total supply

—Silver Institute Industry Association

The future is bright for silver with respect ot its use in green energy transition. Also there is further room for gold prices to go higher and silver prices will follow as well.

—Michael DiRienzo, president & CEO of The Silver Institute

Silver prices are partially driven by its essential role in industrial applications and renewable energy technologies, particularly solar panels. Additionally, continued economic recovery and increased investment demand are expected to support silver prices.
Silver Pie Chart

Zinc

The global zinc market has seen notable growth and volatility in recent years. As a vital metal used across industries such as construction, automotive, and electronics, zinc plays a critical role in economic development. This essentiality underscores its importance in driving industrial and technological advancements.

$1.25 USD/oz

Zinc Price as of July 2024

283.5%

Price Increase since Oct 2001

The usage of zinc in the rechargeable battery sector is set to grow exponentially this decade.

—Evalueserve, September 2022

USD 26.64 billion in 2022 and is poised to grow from USD 29.73 billion in 2023 to USD 64.10 billion by 2030, at a CAGR of 11.6% during the forecast period (2023-2030)…Zinc is an essential metal used in various industries, including construction, automotive, and electronics, making it a crucial component for economic development.

—Skyquest (2024)

The global zinc market has seen notable growth and volatility in recent years. As a vital metal used across industries such as construction, automotive, and electronics, zinc plays a critical role in economic development. This essentiality underscores its importance in driving industrial and technological advancements.

Management

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