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CLIENT FEATURE: New Age Metals $ River Valley #PGM Project Hosts 2.9Moz #Palladium Equivalent (M&I); #Sprott Owns 18.56% – $ $ $ $ $GLEN

Posted by AGORACOM-JC at 5:48 PM on Friday, March 27th, 2020
  • Palladium Is The Hottest Metal On The Planet
  • River Valley Hosts 2.9Moz Palladium Equivalent (Measured & Indicated)
  • Advancing to Pre-Feasibility Study
  • The Largest Undeveloped PGM Project In North America!
  • Eric Sprott Owns 18.56% Of THIS Palladium Company

River Valley PGM Project near Sudbury, ON

  • Palladium is the main payable metal accounting for 65% of revenue stream based on 2019 PEA.
  • 1:0.4 (Pd:Pt).
  • Excellent infrastructure and within 100 kilometers of the Sudbury Metallurgical Complex.
  • NI 43-101 Mineral Resource Estimation (Q1 2019)
  • PEA done Q3 2019.
  • 2020 plan to follow up on PEA recommendations.

Preliminary Economic Assessment demonstrates positive economics for a large-scale open pit mining operation.

PEA Highlights (CDN$):

  • Life of mine (LOM) of 14 years, with 6 million tonnes annually of potential process plant feed at an average grade of 0.88 g/t Palladium Equivalent (PdEq) and process recovery rate of 80%, resulting in an annual average payable PdEq production of 119,000 ounces.
  • Pre-Production capital requirements: $495 M.
  • Undiscounted cash flow before income and mining taxes of $586M.
  • Undiscounted cash flow after income and mining taxes of $384M.
  • Average unit operating cost of $19.50/tonne over the life-of-mine.
  • Potential for up to 325 jobs at the peak of production.
  • Using March 11, 2020 spot Palladium price (US$2,275/oz) River Valley Project After-tax IRR is 30% and After-tax NPV (5%) is $C858M.

New Age Metals Inc. is an advertising client of AGORA Internet Relations Corp.

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