About Nova Pacific

Nova Pacific is a Canadian exploration and development company focused on pursuing projects with a significant mineral discovery potential, thus providing a viable pathway to potential development. The key project being developed by the Company is its Lara VMS Project located on southern Vancouver Island, British Columbia. The Lara Project is principally a brownfields development asset with excellent potential for expansion and near-term production.

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

Lara VMS

The Lara Project is a near surface highly attractive Volcanogenic Massive Sulfide (VMS) deposit discovered and explored between 1992 and 1997. Lara is situated in the belt of rocks that hosts the nearby Mt. Sicker VMS deposits, in a geological setting similar to the Myra Falls Mine (pre-mining resource estimate of over 40 Mt grading 1.8% Cu, 6.1% Zn, 0.5% Pb, 49.0 g/t Ag & 2.1 g/t Au) to the northwest”. Note to reader: Proximity to former producing mines may not be indicative of the potential of the Lara Project

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.

Source: International Energy Agency (2024)

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.

Source

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.

Source

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)