Last modified on February 18, 2021.
New Pacific Metals Corp. ("New Pacific" or the "Company") updates the information on this website and its various social media channels, including, but not limited to Twitter, Instagram, LinkedIn and Facebook (collectively, this "Site") from time to time. However, such information is not intended to be a comprehensive review of all matters and developments concerning the Company and the Company cannot guarantee the accuracy, currency or completeness of the information at all times and assumes no responsibility in this regard, expect as otherwise required by law.
The technical information contained in the Site has been reviewed and approved by Alex Zhang, P. Geo., Vice President of Exploration of New Pacific and a Qualified Person for the purposes of the Canadian Securities Administrators' National Instrument 43-101 – Standards of Disclosure of Mineral Projects ("NI 43-101").
This Site and the information contained herein do not constitute an offer or a solicitation of an offer for sale of any securities. None of the information contained herein is intended to be, and shall not be deemed to be, incorporated into any of the Company's or its affiliates' securities-related filings or documents.
Cautionary Note on Forward-Looking Statements
This Site includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this Site including, without limitation, the anticipated business plans and timing of future activities of New Pacific, the possibility, timing and amount of estimated future production, costs of production, resource and reserve determination and reserve conversion rates, and statements with respect to the price of silver and other metals, are forward-looking statement. Estimates of mineral reserves and mineral resources are also forward-looking statements because they incorporate estimates of future developments including future mineral prices, costs and expenses and the amount of minerals that will be encountered if a property is developed. Forward-looking statements are typically identified by words such as: “anticipates,” “expects,” “believes,” “forecasts”, “projects”, “estimates,” “seeks,” “plans,” “intends”, “strategies”, “targets”, “goals”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements are necessarily based upon a number of assumptions, estimates, beliefs, expectations and opinions as of the date of the disclosure including, without limitation, that market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of New Pacific’s projects in a timely manner, the availability of financing on suitable terms for the development and continued operation of New Pacific’s projects, New Pacific’s ability to comply with environmental, health and safety laws, and the assumptions underlying mineral resource estimates and the realization of such estimates.
Forward-looking statements are not guarantees of future results or performance, and actual results may differ materially from those in forward-looking statements as a result of known and unknown risks, uncertainties and various other factors. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration, development and mining operations, changes in legal, social or political conditions in the jurisdictions where New Pacific operates, delays in obtaining governmental permits and approvals, lack of appropriate funding, accidents, other risks of the mining industry, risks relating to epidemics or pandemics such as COVID–19 and other risk factors as discussed in New Pacific’s filings with Canadian and U.S. securities regulatory agencies. Should one or more of these risks or uncertainties materialize, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. New Pacific cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. New Pacific disclaims any obligation to update any forward-looking statements in this Site, except as otherwise required by law. No securities regulatory authority has in any way passed on the merits of this Site nor any securities referred herein.
Cautionary Note to U.S. Investors and concerning estimates of Measured, Indicated and Inferred Resources
New Pacific has prepared disclosure in accordance with Canadian reporting standards, which differ from the requirements of the U.S. Securities and Exchange Commission (the “SEC”). The terms “proven mineral reserve”, “probable mineral reserve” and “mineral reserves” used in this Site are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the “CIM Definition Standards”), which definitions have been adopted by NI 43‑101. Accordingly, information contained on this Site providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.
Investors are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, “Inferred mineral resources” are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures.
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the “SEC Modernization Rules”), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources”. In addition, the SEC has amended its definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” to be substantially similar to corresponding definitions under the CIM Standards. During the period leading up to the compliance date of the SEC Modernization Rules, information regarding mineral resources or reserves contained or referenced on this Site may not be comparable to similar information made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be “substantially similar” to the CIM Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC Modernization Rules.
Non-IFRS Measures
This Site and the materials posted on it may include certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ("IFRS"), including, but not limited to, "cash operating costs" and "all-in sustaining costs". Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with the Company's consolidated financial statements. Readers should refer to the Company's most recently filed Management Discussion & Analysis, available under the Company's corporate profile at www.sedar.com or on the Site, for a more detailed discussion of how the Company calculates such measures and a reconciliation of certain measures to IFRS terms.
SOCIAL MEDIA LEGAL DISCLAIMER
Last modified on January 5, 2021
PLEASE READ THIS AGREEMENT ("AGREEMENT") CAREFULLY BEFORE USING THE SOCIAL MEDIA CHANNELS (AS DEFINED BELOW). BY USING THE SOCIAL MEDIA CHANNELS, YOU ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTAND THIS AGREEMENT, AND THAT YOU AGREE TO BE BOUND BY ITS TERMS AND CONDITIONS.
New Pacific Metals Corp. uses various social media channels, including, but not limited to Twitter, Instagram, LinkedIn and Facebook (collectively, the "Social Media Channels"). Any reference herein to the Social Media Channels includes any application(s) therein. All users of the Social Media Channels must comply with the applicable Social Media Channels' terms of use and other policies, as well as this Agreement. Please carefully review such terms and polices.
New Pacific Metals Corp. and its affiliates, subsidiaries or related entities, and their successors and assigns, and all of their respective directors, officers and employees, (collectively, "New Pacific" or the "Company") are not liable for any errors or omissions contained on the Social Media Channels, including all text, images, videos, audio clips, software, information in all forms, text, logos, graphics, other data, elements, or information contained therein (collectively, the "Content"), or for any loss or damages suffered as a result of any Content appearing on the Social Media Channels. The Content is not intended to provide a comprehensive review of all matters and developments concerning the Company. The Content is current as of the date indicated and, except as required by applicable law, the Company does not guarantee the accuracy, currency or completeness of such information.
The Content is provided for informational purposes only, and does not constitute financial, legal, tax, investment or other advice. This Social Media Channels and the Content posted on it do not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company and any representation to the contrary would be unlawful.
The Company is not responsible for and assumes no liability with respect to anything posted to the Social Media Channels by third parties (the "User Content") and makes no representation or warranty with respect to such User Content, including with respect to the accuracy or completeness of information therein. The views expressed on the Social Media Channels do not necessarily represent or reflect the views of the Company. The Company is not responsible for and assumes no liability for any User Content.
Social Media Engagement Guidelines
New Pacific's Twitter account provides short updates, links and other information with the latest from the Company. We ask that you adhere to the following engagement guidelines, so we can make the most of our Twitter experience.
- All official communication from New Pacific will come from the official Twitter handle "@newpacific_".
- When communicating to us via Twitter, please use "@mention", so we are notified of your message.
Follow us on Twitter
New Pacific's LinkedIn account provides company updates as well as relevant information pertaining to our business and industry. All official communication from New Pacific will come from the official LinkedIn Company page, New Pacific Metals Corp.
Follow us on LinkedIn
Social Media Terms of Use
We encourage dialogue with investors on Twitter and LinkedIn. However, the following provisions apply to each user who uses or participates on the Social Media Channels. You (and your parent/legal guardian if you are under the age of majority in your jurisdiction of residence) agree to be bound by the following:
- You will not post any User Content that may be inappropriate, abusive or otherwise offensive, and any such User Content must not contain, depict or involve (without limitation) any content that: (i) is unlawful, harmful, threatening, abusive, harassing, tortious, defamatory, vulgar, obscene or otherwise contains offensive language; (ii) impersonates any person or entity, or falsely states or otherwise misrepresents your affiliation with a person or entity; (iii) contains any derogatory characterizations of any ethnic, racial, gender, professional, age or religious groups; (iv) endorses or condones any illegal, inappropriate or risky activity or behavior or any particular political agenda or message; (v) defames, misrepresents or contains disparaging remarks about other people, products or companies, including the Company; (vi) endorses any form of hate or hate group; (vii) communicates message or images inconsistent with the positive images or goodwill to which the Company wishes to associate; (viii) is invasive of another's privacy; (iv) is not backed by a reputable source; or (v) is or could be considered illegal or unsuitable, all as determined by the Company in its sole discretion.
- You will not post or submit any User Content that contains third party materials unless you have first obtained consent from the owner of such materials. By posting or submitting User Content to the Social Media Channels you represent and warrant to the Company as follows: (i) you have obtained and are solely responsible for obtaining all consents as may be required by law to post any User Content relating to third parties; (ii) you have the right to share the material in your User Content and no User Content infringes, misappropriates or violates the rights (including, without limitation, any intellectual property rights) of any person or entity or any applicable law, rule or regulation of any government authority; (iii) your User Content and the Company's use thereof as contemplated hereby does not violate any contract, law, rule or regulation of any government authority; (iv) the Company may exercise the rights to your User Content without liability for payment of any fees or royalties payable; and (v) to the best of your knowledge, all User Content and other information that you provide to us is truthful and accurate.
- You will not post or submit any personal information about yourself or third parties or disclose any financial information pertaining to yourself or others on the Social Media Channels.
- You will not post or submit any User Content that contains software viruses, or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment.
- You (and your parent/legal guardian if you are under the age of majority in your jurisdiction of residence), hereby agree: (i) to release, and hold harmless the Company from and against any and all claims based on any User Content, including (without limitation) claims based on publicity rights, defamation, invasion of privacy, copyright infringement, trade-mark infringement or any other intellectual property related cause of action; (ii) to defend, indemnify and hold harmless the Company from all liabilities, claims and expenses (including reasonable legal fees) that arise out of or are related to any User Content that you transmit or make available through the Social Media Channels or your violation of this Agreement, including your violation of any third-party rights; (iii) that the Social Media Channels and all Content provided by the Company thereon are provided "as is"; (iv) that use of the Social Media Channels and the Content is entirely at your own risk; and (v) that you have read and understand the Company's legal disclaimer and terms of use posted on its website at https://newpacificmetals.com/disclaimer and https://newpacificmetals.com/terms-of-use, respectively, and that the provisions of such disclaimer and terms of use apply to all Content and User Content, as applicable.
- The Company, in its sole discretion, reserves the right to remove any materials that are deemed to contain advertisements, "spam", "junk mail" or other form of solicitation content, or references to other websites and to limit who can reply to posts on the Social Media Channels, and we may, from time-to-time, delete posts or pages on the Social Media Channels without notification, including, without limitation, posts that do not adhere to this Agreement.
License Granted by User
By providing or posting any User Content on the Social Media Channels, you: (i) grant to the Company a world-wide, perpetual, permanent, transferable, royalty-free, non-exclusive, and unrestricted license to use, copy, reproduce, adapt, transmit, edit, modify, or otherwise display, distribute, publish, translate and create compilations from (in any format or media), the User Content, with or without attribution, and for any purpose, including commercial purposes; and (ii) waive all moral rights in all User Content that you submit to the Social Media Channels in favour of the Company and those authorized by the Company to use such User Content.