Platinum « AGORACOM Small-cap Investor Relations Blog

Agoracom Blog Home

Posts Tagged ‘Platinum’

FEATURE: New Age Metals $NAM.ca Canadaâ€™s Largest Undeveloped Primary PGM Resource, with M&I 4,626,250 Palladium Equivalent Ounces$WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 2:20 PM on Wednesday, May 9th, 2018

(NAM:TSXV)

Two Divisions: PGM and Lithium

PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canadaâ€™s Largest Undeveloped Primary PGM Resource, with M&I 4,626,250 Palladium Equivalent Ounces
Lithium Canada: with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.

WHAT YOU NEED TO KNOW

100% owned River Valley Extension Project (RVE), is undergoing its first NI 43-101 resource calculation.
To date, River Valley has M&I 4,626,250 Palladium Equivalent Ounces
Excellent infrastructure and are within 100 kilometers of the Sudbury Metallurgical Complex.
Ground IP geophysics to test T4-T9 targets are now complete, final report slated for early April.
Drilling is slated for Summer/Fall 2018/Winter 2019.
Advanced stage mineralogical testing is ongoing in Sudbury at Expert Process Solutions (XPS).

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, PGM, Platinum
Posted in AGORACOM Client Feature, All Recent Posts, New Age Metals | Comments Off on FEATURE: New Age Metals $NAM.ca Canadaâ€™s Largest Undeveloped Primary PGM Resource, with M&I 4,626,250 Palladium Equivalent Ounces$WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

New Age Metals $NAM.ca Announces 4,626,250 PdEq Ounces, With 2,713,933 Ounces in Inferred NI 43-101 Update River Valley Platinum Group Metal Deposit, Sudbury $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 10:10 AM on Tuesday, May 8th, 2018

New age large

River Valley is the largest undeveloped primary PGM resource in Canada, the March 2018 NI 43-101 has updated the 2012 resource. The River Valley PGM Project has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New Age Metals.
4,626,250 PdEq ounces, with 2,713,933 ounces in Inferred at a 0.4 g/t cut-off.
The company objective of increasing the resource beyond 1Moz in the northern portion was achieved.
Footwall PGM mineralization, “The Pine Zone/T3”, a new discovery and additional source of PGMs at the River Valley Project (RVP), was included in the new resource model.
The River Valley Extension mineralization in the south end of the deposit was added to the NI 43-101 Resource Calculation
The 43-101 is filed on Sedar at www.sedar.com or on the NAM website at 2018 NI 43-101.
Lithium Division: A minimum of $600,000 will be expended in 2018 on the companies Lithium division by New Age Metals option/joint venture partner Azincourt Energy Corp. (TSX.V: AAZ) (news release May 2 nd , 2018) The 2018 budget will allow for 2 out of the 3 drill ready projects to be drilled. New Age Metals technical team is the field manager (press release dated Jan 15 th , 2018).

May 8th 2018 / Rockport, Canada – New Age Metals Inc.(NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) The company is very pleased to announce that the NI43-101 compliant Measured and Indicated mineral resource calculation at a cut-off grade of 0.4 g.t PdEq is complete and has been posted on Sedar and the company website. The River Valley PGM Project is located 100 km from the world-class Sudbury Ni-Cu-PGM Mining Camp and has excellent infrastructure. The project is 100% owned by New Age Metals (NAM).

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

New NI 43-101 Compliant Resource Estimation

WSP Canada, under the supervision of Todd McCracken, P. Geo (Manager-Mining at WSP Canada) has completed the new NI 43-101 compliant resource estimation of the River Valley PGM Deposit in the Sudbury Mining District of Ontario, Canada. The new resource estimation has incorporated all the past data, geophysics, new drilling since 2015 and the River Valley Extension (RVE), including the additional drilling in the new footwall discoveries Pine Zone and T3.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class	Tonnes ‘,000	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	Cu (%)	Ni (%)	Co (%)	PdEq (g/t)
Total Measured	62,877.5	0.49	0.19	0.02	0.03	0.05	0.01	0.002	0.99
Total Indicated	97,855.2	0.40	0.16	0.02	0.03	0.05	0.01	0.002	0.83
Total Meas +Ind	160,732.7	0.44	0.17	0.02	0.03	0.05	0.01	0.002	0.90
Inferred	127,662.0	0.27	0.12	0.01	0.02	0.05	0.02	0.002	0.66

Class	PGM + Au (oz)	PdEq (oz)	PtEq (oz)	AuEq (oz)
Total Measured	1,440,248	1,999,575	1,999,575	1,136,930
Total Indicated	1,856,925	2,626,675	2,626,675	1,463,793
Total Meas +Ind	3,297,173	4,626,250	4,626,250	2,600,724
Inferred	1,578,367	2,713,933	2,713,933	1,323,809

Table 1: River Valley 2018 Resource Calculation (WSP Canada, Todd McCracken, P.Geo)

Notes:

1.CIM definition standards were followed for the resource calculation.
2.The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
3.A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.
4.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
5.Numbers may not add exactly due to rounding.
6.Mineral Resources that are not mineral reserves do not have economic viability
7.The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

To date, approximately 45 million dollars has been expended by NAM and previous partners on the projects. The River Valley mineralized contact extends throughout the 16 kilometers of the project as well as the additional possibility of other footwall mineralization zones. To date footwall PGM mineralization has been identified the Pine and T3 Zone.

Click Image To View Full Size

Figure 1: River Valley Geology and Zone Map, 2018

Zone	Tonnes	Pd (g/t)	Pt (g/t)	Au (g/t)	Ni (%)	Cu (%)	Co (%)	Rh (g/t)	PdEq (g/t)
Measured Resources
Dana	32,631,150	0.52	0.20	0.04	0.01	0.06	0.002	0.02	1.05
Pine	2,568,000	0.55	0.20	0.03	0.02	0.06	0.004	0.01	1.11
Dana S	9,433,730	0.58	0.21	0.04	0.01	0.05	0.003	0.02	1.10
Lismer	18,244,630	0.38	0.16	0.03	0.01	0.04	0.002	0.01	0.80
Lismer Ext	–	–	–	–	–	–	–	–	–
Varley	–	–	–	–	–	–	–	–	–
Razor	–	–	–	–	–	–	–	–	–
Banshee	–	–	–	–	–	–	–	–	–
Azen	–	–	–	–	–	–	–	–	–
River Valley Ext	–	–	–	–	–	–	–	–	–
TOTAL	62,877,510	0.49	0.19	0.03	0.01	0.05	0.002	0.02	0.99
Indicated Resources
Dana	2,175,700	0.53	0.22	0.02	0.02	0.06	0.0003	0.01	1.00
Pine	271,600	0.49	0.21	0.02	0.01	0.07	0.001	0.01	0.97
Dana S	13,573,600	0.51	0.18	0.03	0.01	0.04	0.003	0.02	0.97
Lismer	33,356,300	0.35	0.14	0.03	0.02	0.05	0.002	0.01	0.77
Lismer Ext	19,836,300	0.46	0.19	0.03	0.01	0.05	0.002	0.02	0.93
Varley	28,632,100	0.37	0.14	0.02	0.01	0.05	0.002	0.01	0.76
Razor	–	–	–	–	–	–	–	–	–
Banshee	9,600	0.26	0.16	0.03	0.00	0.03	–	0.01	0.55
Azen	–	–	–	–	–	–	–	–	–
River Valley Ext	–	–	–	–	–	–	–	–	–
TOTAL	97,855,200	0.40	0.16	0.03	0.01	0.05	0.002	0.02	0.83
(table continues on next page)
Measured & Indicated Resources
Dana	34,806,850	0.52	0.20	0.04	0.01	0.06	0.002	0.02	1.05
Pine	2,839,600	0.55	0.20	0.03	0.02	0.06	0.003	0.01	1.10
Dana S	23,007,330	0.54	0.19	0.03	0.01	0.04	0.003	0.02	1.02
Lismer	51,600,930	0.36	0.14	0.03	0.02	0.05	0.002	0.01	0.78
Lismer Ext	19,836,300	0.46	0.19	0.03	0.01	0.05	0.002	0.02	0.93
Varley	28,632,100	0.37	0.14	0.02	0.01	0.05	0.002	0.01	0.76
Razor	–	–	–	–	–	–	–	–	–
Banshee	9,600	0.26	0.16	0.03	0.00	0.03	–	0.01	0.55
Azen	–	–	–	–	–	–	–	–	–
River Valley Ext	–	–	–	–	–	–	–	–	–
TOTAL	160,732,710	0.44	0.17	0.03	0.01	0.05	0.002	0.02	0.90
Inferred Resources
Dana	272,000	0.56	0.21	0.00	0.01	0.05	–	0.02	0.94
Pine	51,000	0.37	0.21	0.00	0.00	0.04	–	0.00	0.66
Dana S	–	–	–	–	–	–	–	–	–
Lismer	2,453,000	0.22	0.10	0.02	0.01	0.04	0.002	0.01	0.54
Lismer Ext	–	–	–	–	–	–	–	–	–
Varley	125,000	0.20	0.11	0.03	0.02	0.05	0.002	0.01	0.58
Razor	42,744,000	0.26	0.11	0.02	0.03	0.04	0.001	0.01	0.63
Banshee	13,893,000	0.25	0.14	0.03	0.01	0.04	–	0.01	0.57
Azen	35,903,000	0.27	0.09	0.02	0.03	0.05	0.00	0.01	0.70
River Valley Ext	32,221,000	0.29	0.17	0.02	0.03	0.05	–	–	0.70
TOTAL	127,662,000	0.27	0.12	0.02	0.02	0.05	0.002	0.01	0.66

Table 2: River Valley Detailed Resource Summary (using 0.4 g/t PdEq Cutoff)

Click Image To View Full Size

Figure 2: Northern Portion of the River Valley PGM Deposit Showing Regions of Recent IP Geophysics and grade at a 0.4g/t cut-off. NOTE: Image only represents approximately 3.5 km of the 16 km of the overall strike length of the River Valley PGM deposit. Note: The Yellow Band represents the footwall potential area of the River Valley Deposit based on the results of the Pine Zone where footwall mineralization was noted to extend 150 meters eastward from the Pine Zone/ T3 main deposit. At present the only area that has confirmed footwall mineralization is in the Pine Zone (defined from 2015 to 2017 drilling). Geophysics and exploration are in progress to test other areas of the project.

River Valley 2018 Exploration & Development Objectives

1.Ground IP geophysics from T3 south to T9 (Completed);
2.Utilize the new resource estimation to establish further drill targets (Q1-Q3 2018);
3.Continue with drilling in the northern portion of the project (slated for Q3-Q4 2018 & Q1 2019);
4.Explore more target areas based on recommendations of the updated 43-101 and the 2018 geophysics (slated for Q3-Q4 2018 & Q1-Q2 2019);
5.Complete mineralogical studies (Complete), ongoing Metallurgical studies;
6.Continue to advance the River Valley PGM Project towards a Preliminary Economic Assessment (PEA) on the River Valley PGM Deposit; and
7.Our Corporate Mandate is to build a series of open pits (bulk mining) over the 16 kilometers of mineralization. We will mine, crush, and concentrate on site, then ship the concentrates to Sudbury. The objective of NAM before the March 2018 43-101 was to increase the resource in the northern portion (Pine Zone/Dana North/Dana South/Lismer North) to over 1Moz of PGMs. The new 43-101 accomplished this.

Click Image To View Full Size

Figure 3: Zone map of the River Valley PGM Deposit Note: The Yellow Band represents the footwall potential area of the River Valley Deposit based on the results of the Pine Zone where footwall mineralization was noted to extend 150 meters eastward from the Pine Zone/ T3 main deposit. At present the only area that has confirmed footwall mineralization is in the Pine Zone (defined from 2015 to 2017 drilling). Geophysics and exploration are in progress to test other areas of the deposit. Management’s specific focus is to outline a sufficient economic resource in the northern portion of the project, and then develop a series of open pits (bulk mining), crush, and concentrate on site, then ship the concentrates to Sudbury.

River Valley PGM Exploration Plan Going Forward

To date an approximate 140,659 meters (461,480 feet) in 628 drill holes have been conducted by the company as operator on the River Valley Project. Several independent NI 43-101 compliant resource calculations have previously been generated for the deposit through the exploration and development phases. In 2016, the company purchased 100% of Mustang Minerals’ southern portion of the River Valley contact (River Valley Extension, News Release – Oct 5 th , 2016). This added 4 kilometers of mineralized strike length to the southern portion of the company’s main River Valley Project. The River Valley Deposit’s present resource, with approximately 4.6M PdEq ounces in Measured Plus Indicated mineral resources (0.4 g/t cut-off) and near-surface mineralization, covers over 16 kilometers of continuous strike length. The acquisition of the RVE adds an additional 4 kilometers for a total of 16 kilometers of strike. The March 2018 NI 43-101 report added a new inferred resource of PdEq (Oz) for a total of 729,658 ounces at a 0.4 g/t PdEq cut off on the River Valley Extension (RVE). The company continues to explore and enhance the River Valley PGM Deposit and is progressing towards the completion of a preliminary economic assessment, (PEA).

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces. This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see March 21 st, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. Alaska: April 4 th , 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18 th , 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

ABOUT NAM’S LITHIUM DIVISION

The Company has six pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018, Feb 22 nd , 2018 and April 11 th , 2018, May 2 nd , 2018 Press Releases) whereby Azincourt will commit up to $4.1 million dollars in exploration, up to 3.25 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 6 projects. Exploration plans for 2018 are currently in progress, whereby a minimum of $600,000 will be expended this year. For complete details on the terms and conditions of the NAM/AAZ option joint venture please see the press release dated Jan 15 th , 2018.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

The Mineral Resources for the River Valley Project disclosed in this news release have been calculated by Mr. Todd McCracken, P.Geo., an employee of WSP and independent of New Age Metals. By virtue of his education and relevant experience, Mr. McCracken is a “Qualified Person” for the purpose of National Instrument 43-101. The Mineral Resource has been classified in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves, (May 2014). Mr. McCracken, P.Geo., has read and approved the contents of this press release as it pertains to the disclosed Mineral Resource calculation.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

New Age Metals

Ontario Field Office: 59 Burtch’s Lane |1000 Islands, Rockport, ON, K0E 1V0 [email protected]

+1-613-659-2773 www.newagemetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “calculation”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates/calculations or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, PGM, Platinum
Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals $NAM.ca Announces 4,626,250 PdEq Ounces, With 2,713,933 Ounces in Inferred NI 43-101 Update River Valley Platinum Group Metal Deposit, Sudbury $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

New Age Metals $NAM.ca Signs Agreement to Acquire 100% of the Genesis #PGM Project in Alaska $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 10:46 AM on Wednesday, April 18th, 2018

New Age Metals (NAM) owns 100% of the River Valley Platinum Group Metals (PGM) Project, which is North America’s largest undeveloped primary PGM Project located 100 kilometers from the Sudbury Metallurgical Complex, Ontario, Canada. Primary PGM deposits are rare outside of South Africa and Russia.
PGM’s are a Green Metal and their demand is increasing for autocatalysis, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Fuel cell automobiles use up to one ounce of platinum per vehicle.
In order to add to its mineral inventory, NAM has signed an agreement to acquire 100% of a road accessible and drill ready PGM project in Alaska.
Alaska: On April 4th, NAM announced that it had signed a binding Letter of Intent (LOI) with Avalon Development Corp. in Alaska. This agreement will allow NAM to acquire PGM projects in the State in the future. See April 4 th , 2018 press release for more details and to opt-in for NAM’s press releases: Click Here.
Lithium Division: As field manager, NAM is currently preparing for the spring/summer exploration program where a minimum of $500,000 is to be expended in 2018 on the company’s five Lithium projects in Manitoba (see news release dated January 15th, and February 22nd, 2018). The 2018 budget will allow for 2 out of the 3 drill ready projects to be drilled.
These new age metals, Lithium, PGM’s and Rare Metals, have robust macro trends with surging demands and limited supply, and will fuel the demand for energy storage and other core 21st Century Technologies.
Lithium has an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

April 18th, 2018 /Â Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that it has signed an agreement with Anglo Alaska Gold Corp. (“Anglo Alaska”). The agreement which is subject to regulatory approval allows for New Age Metals and its wholly owned subsidiary Pacific Northwest Capital USA (jointly called “NAM”) to acquire 100% interest of the 10,240 acre road accessible and drill ready Genesis PGM Project, located in the Valdez and Chitina Recording District, of Alaska.

Harry Barr, Chairman/CEO of New Age Metals stated: “We are pleased to have the final agreement completed and partner with Anglo Alaska on the Genesis PGM Project. NAM uses the Prospector Generator Model and after the preliminary field work and additional ground proofing, our objective is to find an option/joint venture partner to further the development of this promising new drill ready project, with excellent base metal credits. NAMs management will continue to actively acquire other PGM and other rare metal projects in the state of Alaska.

Click Image To View Full Size

Figure 1: Projects Location Map: The road accessible Genesis PGM Project adjacent to Richardson Highway and 138 kv electric lines. The project is 460 road kilometers to Fairbanks, Alaska and 120 road kilometers to the all-weather port city of Valdez

Merits of the Genesis PGM Project

The Genesis PGM Project is an under explored, highly prospective multi-prospect drill ready Pd-Pt-Ni-Cu property that warrants follow-up drilling, additional surface mapping, sampling to expand the known footprint of mineralization and to determine the ultimate size and grade of the layered mineralization outlined to date. The stable land status, ease of access and superb infrastructure make this project prospective for year-around exploration, development and production.

Significant aspects of the Genesis PGM Project include:

– Drill ready PGM-Ni-Cu reef style target with 2.4 grams/ton Palladium (Pd), 2.4 grams/ton Platinum (Pt), 0.96% Nickle (Ni), and 0.58% Copper (Cu).- Reef mineralization is open to the west, east, north, and at depth- Mineralized reef identified in outcrop for 850 m along strike and a 40 m true thickness- Separate style of chromite mineralization contains Platinum Group Metals (PGM) up to 2.5 g/t Pd and 2.8 g/t Pt.- Known PGM mineralization covers a distance of 9 km across the prospect.
– No historic drilling has been done on the project.

– Project is within 3 km of a paved highway and electric transmission line.

– Project is on stable State of Alaska claims.

– Fraser Institute’s 2017 survey of mining companies has Alaska ranked as the 10th best jurisdiction in the world for mining.

Terms of the Final Agreement

In order for NAM to earn 100% of the Genesis PGM Project, NAM has agreed to the following terms:

1)Cash Payments to Anglo Alaska

– $30,000 on the Closing Date;- $30,000 on or before the one (1) year anniversary of the Closing Date;- $30,000 on or before the two (2) year anniversary of the Closing Date; and- $30,000 on or before the three (3) year anniversary from the Closing Date;

2)Stock Payments to Anglo Alaska

– 200,000 Consideration Shares on the Closing Date;- 200,000 Consideration Shares on or before the one (1) year anniversary of the Closing Date;- 200,000 Consideration Shares on or before the two (2) year anniversary of the Closing Date; and- 200,000 Consideration Shares on or before the three (3) year anniversary of the Closing Date;

3)Royalty to Anglo Alaska

Under the terms of the agreement and in the event the project goes into production, NAM has agreed to pay Anglo Alaska a 3% net smelter royalty return on the project. The agreement also calls for NAM to be able to buy down the 3% royalty as follows:

– $500,000 for each one-half percentage point for a total of $1,500,000, leaving Anglo Alaska with a one-point five percent (1.5%) net smelter return production royalty in the event that NAM exercises all of its buydown rights.

4)Minimum Assessment Expenditures

The agreement between NAM and Anglo Alaska calls for NAM to pay the minimum State of Alaska mining claim rentals and annual labor on a yearly basis.

All securities issued in connection with the property option will be subject to a four-month-and one-day statutory hold period. The property option remains subject to a number of conditions, including negotiation of definitive agreements, approval of the TSX Venture Exchange, and such other conditions as are customary in transactions of this nature.

The agreement is for an aggregate of 64 contiguous one hundred and sixty-acre claims (10,240 acres) in the Valdez and Chitina Recording District, Alaska. This can be seen in the map below.

Click Image To View Full Size

Warrant Extension

The Company also announces that it will make an application to the TSX Venture Exchange to amend the terms of 5,273,560 (post-consolidated) share purchase warrants, (the “Warrants”). Subject to TSX Venture Exchange approval, the original expiry date of May 3, June 29 and October 4, 2018 is proposed to be extended to May 3, June 29 and October 4, 2020. The Company will also apply to amend the exercise price of 4,550,917 Warrants from their current exercise price of $0.60 to an amended exercise price of $0.20 per share during the first year and $0.25 per share during the second year, subject to an acceleration clause, such that the exercise period of the Warrants will be reduced to 30 days if, for any 10 consecutive trading days during the unexpired term of the Warrants, the closing price of the Company’s shares is $0.30 or more. All other terms and conditions will remain the same.

OPT-IN LIST

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

ABOUT AVALON DEVELOPMENT CORP, NAM’S GEOLOGICAL CONSULTING COMPANY IN AK

Since its founding in 1985, Avalon Development has evolved along with the mineral industry and its clients. Avalon exploration teams participated in a number of discoveries in the state. Avalon was responsible for Alaska’s newest gold discovery, the +1-million-ounce Peak zone deposit, as well as the 6.5 million ounce intrusive-hosted Dolphin gold deposit, initial targeting of the 20 million-ounce Livengood deposit, and deep high-grade gold resources at the historic Cleary Hill mine. Avalon has also been responsible for platinum group element, copper-nickel and rare metal discoveries on several exploration projects across Alaska. Avalon continues to work with a number of major and junior mining companies involved in precious, base and strategic metal exploration in Alaska. On April 4th, NAM announced that it had signed a binding Letter of Intent (LOI) with Avalon Development Corp. in Alaska. This agreement will allow NAM to utilize Avalon’s extensive geophysical and geochemical database for a period of two years to enable NAM’s management and technical team to acquire additional PGM, and rare metal projects in the State of Alaska in the future. See April 4 th , 2018 press release for more details

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces. This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (figure 1). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. Alaska: April 4 th , 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska.

ABOUT NAM’S LITHIUM DIVISION

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is one of the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018 and Feb 22 nd , 2018 Press Releases) whereby Azincourt will commit up to $3.85 million dollars in exploration, up to 3 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 5 projects. Exploration plans for 2018 are currently in progress, whereby a minimum of $500,000 will be expended this year.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Curt Freeman, a consulting geologist for New Age Metals. Mr. Freeman is the Qualified Person as defined by National Instrument 43-101 and is the owner of Avalon Development Corp. and Anglo Alaska Gold Corp, which is the vendor of the Genesis PGM Project. Mr. Freeman has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, PGM, Platinum
Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals $NAM.ca Signs Agreement to Acquire 100% of the Genesis #PGM Project in Alaska $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

New Age Metals $NAM.ca Completes Mineralogical #PGM Report and #Lithium / #PGM Division Updates $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 8:40 AM on Wednesday, April 11th, 2018

New age large

First round of mineralogical test work completed at Expert Process Solutions (XPS) Sudbury, Ontario.
Four composite samples were created from typical grade Pine Zone, high-grade Pine Zone, typical grade Dana Zone, and high-grade Dana Zone from existing samples.
This program focused on both Platinum Group Metals (PGM) and base metal mineralogy, using QEMSCAN, EPMA, and LA-ICP-MS technologies to characterize the samples.
The overall results of this program were positive and will help advance the River Valley PGM Project towards our proposed Preliminary Economic Assessment (PEA).
River Valley is the largest undeveloped primary PGM resource in Canada, with 4.6 Moz PdEq in Measured Plus Indicated including an additional 2.6 Moz PdEq in Inferred. The River Valley PGM Project has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New Age Metals (see news release dated March 21st, 2018).
Ground IP geophysics has recently been completed and tested the footwall regions of the T4 to T9 anomalies. The report is expected by end of April. Footwall PGM mineralization is a new and additional source of PGMs at the River Valley project (see Figure 1 & 2 in the body of this press release).
Lithium Division: As field manager, NAM is currently preparing for the spring/summer exploration program where a minimum of $500,000 is to be expended in 2018 on the company’s five Lithium projects in Manitoba (see news release dated January 15th, and February 22nd, 2018). The 2018 budget will allow for 2 out of the 3 drill ready projects to be drilled.
Alaska: On April 4th, NAM announced that it had signed a binding Letter of Intent (LOI) with Avalon Development Corp. in Alaska. This agreement will allow NAM to acquire PGM projects in the State in the future. See April 4 th , 2018 press release for more details and to opt-in for NAM’s press releases: Click Here

April 11th 2018 / Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; “The company is pleased to update our shareholders on the first and positive round of 2018 mineralogical results from Expert Process Solutions (XPS) in Sudbury, Ontario. In regards to our Lithium Division, our second field manager meeting was held last week with our partner Azincourt Energy Corp. (TSX.V AAZ) and plans are well underway to begin the 2018 spring/summer exploration program when weather permits.”

2018 Phase 1 Mineralogical Result

A mineralogical analysis has been completed on four composites from New Age Metal’s River Valley property. The composites were created from existing samples and include typical grade Pine Zone, high-grade Pine Zone, typical grade Dana Zone and high-grade Dana Zone. The work focussed on both Platinum Group Metals (PGM) and base metals mineralogy. QEMSCAN (Quantitative Evaluation of Materials by Scanning Electron Microscope), EPMA (Electron Probe Micro Analysis) and LA-ICP-MS (Laser Ablation-Inductively Coupled Plasma-Mass Spectrometry) were utilised to characterise the samples.

President & COO, Trevor Richardson, stated: “The results from this Mineralogical program have added to our previous conclusive and positive studies. This study gave us much more detailed mineralogical analysis which will help provide and to better understand the River Valley Intrusion moving towards more detailed metallurgical studies, recovery analysis, and this work and further studies will become part of our proposed Preliminary Economic Assessment (PEA).” The report further added:

– Palladium (Pd) occurs as both discrete PGM minerals (described above) and in solid solution within the crystal structure of pentlandite. Pd that occurs as solid solution within pentlandite accounts for 16% (Dana) and 21% (Pine) of the total Pd in the samples;

– Total Nickel (Ni) that occurs in Ni sulphide (pentlandite and trace siegenite) range from 40% (Dana) to 50% (High Grade Pine), with the remaining occurring in Fe sulphide and Mg silicates. Future flotation testing focusing on recovery of Ni sulphide has the potential to increase Pd recoveries by 2-3% over previous testing, based on Pd in solid solution alone.

– The main PGM minerals are Kotulskite, Pd(Bi,Te), Isomertieite, Pd11Sb2As2 and Sperrylite, PtAs2. Kotulskite is more common in the Pine Zone than in the Dana Zone whilst Isomertieite was identified in higher quantities in the Dana Zone. Based on a grind target of 75um, PGMs are well liberated: 75% in the Dana Zone and 51% in the Pine Zone with grain sizes ranging from 2um up to a maximum of 50um. Grain sizes of PGMs locked in silicate gangue range in size from 1um to 15um.

– Silicate mineralogy in all samples consists of actinolite, feldspar, chlorite, biotite, quartz and epidote. Pine Zone samples contain higher levels of epidote and biotite compared to the Dana Zone. Epidote, which occurs as an alteration in Sudbury ores, is often associated with Cu mineralization.

Ground IP Geophysics

Recently a second phase of ground IP geophysics has been completed on an area south of the Pine Zone and over the T4 to T9 target anomalies (Figure 1). The new survey area represents a strike length of approximately 2000 metres. The final report from Abitibi Geophysics is expected by mid-April. When completed, it will be sent to our Sudbury geophysical consultant Alan King who completed a previous compilation of our past geophysical programs in late 2017. Based on the recommendations of Abitibi and Alan King, the company will outline a series of drill programs to test the new geophysical anomalies generated from the survey and outline additional drilling in the Pine Zone through to the T9 areas. The geophysical survey was a high-resolution OreVision(R) IP survey, which can reveal targets at four times the depth of conventional IP without compromising near-surface resolution.

Click Image To View Full Size

Figure 1: Northern Portion of the River Valley PGM Deposit Showing Regions of Current IP Geophysics. NOTE: Image only represents approximately 3.5 km of the overall strike length of the River Valley PGM deposit.

River Valley PGM Exploration Plan Going Forward

1.Explore more target areas based on recommendations of the updated 43-101 and the 2018 geophysics (slated for Q3-Q4 2018 & Q1-Q2 2019);
2.Complete mineralogical studies (Q2 2018).
3.Continue with drilling in the northern portion of the project (slated for Q3-Q4 2018 & Q1 2019); and
4.Continue to advance the River Valley PGM Project towards a Preliminary Economic Assessment (PEA) on the River Valley PGM Deposit.

Our corporate mandate for the River Valley PGM Project is to build a series of open pits (bulk mining) over the 16 kilometers of mineralization. We will concentrate on site and ship the concentrates approximately 100 km to the Sudbury Metallurgical Complex.

Click Image To View Full Size

Figure 2: The Yellow Band represents the interpolated footwall potential area of the River Valley Deposit based on the results of the Pine Zone where footwall mineralization was noted to extend 150 meters eastward from the main deposit. At present the only area that has confirmed footwall mineralization is in the Pine Zone (defined from 2015 to 2017 drilling). Exploration is in progress to test other areas of the deposit.

ABOUT NAM’S LITHIUM DIVISION

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is one of the largest mineral claim holder for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018 and Feb 22 nd , 2018 Press Release) whereby Azincourt will commit up to $3.85 million dollars in exploration, up to 3 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 5 projects. Two field manager meetings have been held and exploration plans for 2018 are currently in progress for the spring and summer.

Click Image To View Full Size

Figure 3: Location of NAM’s 5 Lithium Projects in Southeast Manitoba. Presently, NAM, with its option/joint venture partner Azincourt Energy Corp. (AAZ), are one of the largest mineral claim holders in the Winnipeg River Pegmatite Field.

ABOUT NAM IN ALASKA

On April 4th 2018 (see April 4 th , 2018 Press Release), NAM signed a binding Letter of Intent (LOI) with Avalon Development Corp. This agreement will allow NAM to acquire projects in the State of Alaska. Under the terms of the LOI, Avalon will be providing NAM with its extensive geological, geochemical, and geophysical database on PGM’s, PGM Polymetallic, and Rare Metals for a minimum of 2 years. Additionally, the agreement states that Avalon will act as the field manager for any future projects as well as they will receive a finder’s fee and/or property option compensation for its services.

THIRD PARTY ANALYTICAL REPORTS

In January 2018, we received a second detailed analytical report conducted by Siddharth Rajeev of Fundamental Research Corporation. The FRC report is currently available to view on www.newagemetals.com for further information please email Paul Poggione in Corporate Development at [email protected] or call 613-659-2773.

OPT-IN LIST

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.

STOCK OPTION GRANT

In addition, the Company announces that it has granted 150,000 incentive stock options to directors, officers and consultants of the Company at an exercise price of $0.14 per share for a period of five (5) years from the date of grant in accordance with the Company’s Stock Option Plan. The Stock Options granted will be subject to vesting restrictions and will vest over a period of one (1) year from the date of grant. The options are subject to acceptance by the TSX Venture Exchange and will be subject to regulatory hold periods in accordance with applicable Canadian Securities Laws.

QUALIFIED PERSON

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION: Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected]

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Tags: #mining, #smallcapstocks, $TSXV, CSE, lithium, palladium, PGM, Platinum
Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals $NAM.ca Completes Mineralogical #PGM Report and #Lithium / #PGM Division Updates $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

‘Deep will be the new norm’ â€” #Glencore $GLEN spends $1B to find new ore beneath #Sudbury $NAM.ca $PDL.ca

Posted by AGORACOM-JC at 3:08 PM on Monday, April 9th, 2018

Glencore is spending nearly $1 billion to mine newÂ ore underneath Sudbury
“I think deep will be the new norm and certainly in Sudbury, that’s where the future lies,” said Peter Xavier,Â Glencore vice-president of Sudbury operations
New ore is needed to feed the company’s mill and smelter and maintain the Sudbury workforce of 1,300 employees, plus 500 contractors.

First ore expected in about 4 years, with full production by 2025

Erik White Â· CBC News Â· Posted: Apr 05, 2018 4:01 AM ET

Glencore is spending nearly $1 billion to mine newÂ ore underneath Sudbury.

The OnapingÂ Depth project was announced at the same time as Vale revealed plans to go ahead with its multi-million dollar expansion of Copper Cliff Mine, also known as “Copper Cliff Deep.”

“I think deep will be the new norm and certainly in Sudbury, that’s where the future lies,” said Peter Xavier,Â Glencore vice-president of Sudbury operations.

The deposit is located 2,500 metres beneath the mothballed Craig Mine in OnapingÂ and was found in the 1990s. Xavier says it’s taken years of planning to figure out how to mine safely and economically at that low level.

He says it’s also getting the greenlight now, despite nickel and other metal prices being in a prolongedÂ slump, because Glencore’s two other Sudbury mines â€” Nickel Rim and Fraser â€” will be wrapped up by 2025, just as Onaping Depth hits full production.

Xavier says that new ore is needed to feed the company’s mill and smelter and maintain the Sudbury workforce of 1,300 employees, plus 500 contractors.

“Because it comes at the tail end of our existing operations, it would be more accurate to say it sustains our existing presence.” he said.

Peter Xavier is the vice-president of Glencore operations in Sudbury. (Erik White/CBC)

Xavier says one of the big advantages for the Sudbury basin is the polymetallic geology, with copper, platinum and palladium core fuelling profits even if nickel is down.

“And that mitigates a little bit the challenges of the fact that we’re going to depth to extract these ore bodies where it some parts of the world, it’s literally dirt on surface,” he said.

Some of those challenges are also being tackled by using only electric battery vehicles at Onaping Depth, which Xavier says will cut heating, cooling and ventilation costs, as well as the bill for running the machines.

GlencoreÂ will also use some of the existing infrastructure at Craig Mine, which was put on care and maintenance in 2009, but has been used since then by KGHM to access its Levack deposit.

“Most people in the community don’t realize that the organizations collaborate quite extensively,” Xavier saidÂ of other Sudbury mining companies, including Vale, which is partnering with Glencore to access a deposit through Fraser Mine.

“For us it’s a normal way of looking at things.”

For its Onaping Depth project, Glencore will use some of the existing infrastructure at Craig Mine, which was shut down in 2009. (Erik White/CBC)

However Xavier says formal mergers are “not the discussions of today.”

But he sees a bright future for the local mining sector, with a deep mining project at Nickel Rim next on the list.

All of this is good news for the members of UniforÂ Mine Mill Local 598, where Marcel Charron is the senior representative.

“It means long term viability for the company and good jobs for our members,” he said.

Charron says he’s hopeful that some positions will open up for younger workers in the coming years, especially with a large group of Glencore employees set to retire in 2019.

Source: http://www.cbc.ca/news/canada/sudbury/onaping-depth-sudbury-mining-1.4604208

Tags: #mining, #smallcapstocks, #Sudbury, $TSXV, CSE, Glencore, North American Palladium (PDL.T), palladium, PGM, Platinum
Posted in All Recent Posts, New Age Metals | Comments Off on ‘Deep will be the new norm’ â€” #Glencore $GLEN spends $1B to find new ore beneath #Sudbury $NAM.ca $PDL.ca

New Age Metals $NAM.ca Provides Update on #Platinum Group Metals #PGM and #Lithium Divisions $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 8:38 AM on Wednesday, March 14th, 2018

PGM Resource Calculation Concluding, Release Slated for End of Q1 2018

NAM’s 100% owned River Valley Project (RVP) is the largest undeveloped primary PGM resource in Canada. Our objective is to open pit (bulk mine) and ship concentrates to Sudbury.
The 100% owned River Valley Extension Project (RVE), is undergoing its first NI 43-101 resource calculation.
To date, River Valley has 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred.
The River Valley/River Valley Extension PGM Projects have excellent infrastructure and are within 100 kilometers of the Sudbury Metallurgical Complex.
Updated NI 43-101 resource calculations with WSP Canada are near completion and an announcement will be disseminated before the end of Q1-2018.
Ground IP geophysics to test T4-T9 targets are now complete, final report slated for early April.
Footwall PGM mineralization, a new discovery and additional source of PGMs at the RVP, will be included in the new resource model. Drilling is slated for Summer/Fall 2018/Winter 2019.
Advanced stage mineralogical testing is ongoing in Sudbury at Expert Process Solutions (XPS).
The price of Palladium, the prominent metal at River Valley is trading at $971.15USD (June 2018 from Kitco.com) near its all-time high based on limited supply and increasing demand.
Lithium Division: A minimum of $500,000 will be expended in 2018 on the companies Lithium division by New Age Metals option/joint venture partner Azincourt Energy Corp. (TSX.V: AAZ) (see news release dated January 15th, and February 22 nd , 2018). The 2018 budget will allow for 2 out of the 3 drill ready projects to be drilled. New Age Metals technical team is the field manager.

March 14th, 2018 / Rockport, Canada – New Age Metals Inc.(NAM) (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; “We are pleased to update our shareholders and interested parties as to our present exploration program on our River Valley PGM project and our 5 Manitoba Lithium Projects. Both of the company’s mineral divisions have aggressive exploration and development plans for 2018 and the balance of this release will provide you with an update of the specific details.”

New Updated Resource Model, NI 43-101

WSP Canada (News Release: Sept 7th, 2017) is progressing through the new resource calculation for the River Valley PGM Deposit under the supervision of Todd McCracken, Manager-Mining at WSP Canada. The new resource model and calculation will incorporate all the past data, geophysics, new drilling since 2012 and the River Valley Extensions (RVE). In 2016, the company purchased 100% of Mustang Minerals’ southern portion of the River Valley contact (River Valley Extension, News Release – Oct 5 th , 2016). This added 4 kilometers of mineralized strike length to the southern portion of the company’s main River Valley Project. Approximately $5,000,000 was expended on the RVE by previous operators, including extensive drilling. This will be the first inclusion for RVE in the River Valley resource calculation.

Click Image To View Full Size

Figure 1: The Northern Portion of the River Valley PGM Deposit Showing Regions of Upcoming IP Geophysics. NOTE: Image only represents approximately 3.5 km of the overall strike length of the River Valley PGM deposit. The Pine Zone and T3 are new discoveries and a final report of the T3-T9 Geophysics is forthcoming.

River Valley PGM Deposit, Sudbury, Ontario: Ground IP Geophysics Underway

The current geophysical survey on our River Valley PGM Project is a high-resolution OreVision(R) IP survey performed by Abitibi Geophysics, (Thunder Bay, Ontario), who completed last year’s survey on our new southern discovery, the Pine Zone to T-3 target. New drill discoveries have been made in this region from 2015-2017. OreVision IP can reveal targets at four times the depth of conventional IP without compromising near-surface resolution. The goal of the geophysical survey is to test the footwall portion to the main River Valley PGM Deposit, southward of the Pine Zone IP survey (News Release: Jun 19 th , 2017) and to cover the area between target anomalies T4 to T9 (Figure 1). This area represents a survey strike length of approximately 2000 metres. The geophysics have just completed. The Abitibi Geophysics report is expected by the first week of April and will then be given to Alan King, NAM’s Sudbury geophysical consultant. Mr. King’s mandate will be to reinterpret the Abitibi Geophysics report and add his conclusions to our extensive existing geophysics database. Recommendations for the 2018 drill program will follow.

Upon completion of the present geophysical program, the company will outline a series of drill programs to test the new geophysical anomalies generated from T4 through T9 from the 2018 Abitibi survey and outline additional drilling to the north in Pine Zone and T3 where only Phase 1 Drilling has been completed to date.

Go Forward Exploration Plan 2018 River Valley PGM Project

To date an approximate 140,659 meters (461,480 feet) in 628 drill holes have been conducted by the company as operator on the River Valley Project. Several independent 43-101 compliant resource estimates have previously been generated for the deposit through the exploration and development phases. The River Valley Deposit’s present resource, with approximately 3.9M PdEq ounces in Measured Plus Indicated mineral resources and near-surface mineralization, covers over 12 kilometers of continuous strike length. The acquisition of the RVE adds an additional 4 kilometers for a total of 16 kilometers of strike. The company continues to explore and enhance the River Valley PGM Deposit.

Click Image To View Full Size

Figure 2: The Yellow Band represents the interpolated footwall potential area of the River Valley Deposit based on the results of the Pine Zone where footwall mineralization was noted to extend 140 meters eastward from the main deposit. At present the only area that has confirmed footwall mineralization is in the Pine Zone (defined from 2015 to 2017 drilling). Exploration is in progress to test other areas of the deposit.

River Valley PGM Goals & Objectives

During the next year the company’s exploration & development objectives are:

1.Complete ground IP geophysics (Q1 2018);

2.Complete a new resource calculation (slated for end of Q1 2018);

3.Continue with drilling in the northern portion of the project (slated for Q3-Q4 2018 & Q1 2019);

4.Explore more target areas based on recommendations of the updated 43-101 and the 2018 geophysics (slated for Q3-Q4 2018 & Q1-Q2 2019);

5.Complete mineralogical studies (Q2 2018).

6.Continue to advance the River Valley PGM Project towards a Preliminary Economic Assessment (PEA) on the River Valley PGM Deposit; and
7.Our corporate mandate is to build a series of open pits (bulk mining) over the 16 kilometers of mineralization. We will concentrate on site and ship concentrates to Sudbury.

Platinum Group Metal Prices & Performance

We are encouraged about the economics surrounding PGMs as we continue to see ongoing deficits being forecasted in both Platinum and Palladium. Most recently the price of Palladium, our primary metal at River Valley, has hit an all-time high, and outpaced all other commodities in 2017 and over the past 10 years. Our second most important metal Platinum, has come off its bottom price in late 2017 and has increased substantially to date. As a reminder to our shareholders and investors our River Valley Project also contains: Gold, Cobalt, Copper, Nickel, and Rhodium, most of which have experienced recent price increases.

Recently the World Platinum Investment Council forecasted a deficit in Platinum production for the next 5 consecutive years. Palladium for the 10 years from 2008-2017, has averaged 21.5% per annum while Gold averaged only 5.8% per annum over that same period. Both Platinum and Palladium, (outside of their extensive uses in catalytic converters which convert harmful gasses from hydrocarbon emissions into less harmful substances in vehicles), are considered precious metals, like Gold and are seen as a store of value.

Exploration Plans for Lithium Division 2018

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba.

In January, NAM announced a signed final agreement with Azincourt Energy Corp. (TSX.V: AAZ) for the Manitoba Lithium Projects. (News Releases: January 15th, and Feb 22 nd , 2018 ) This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM, under its subsidiary Lithium Canada Developments, is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field for Lithium. Azincourt Energy Corp. as our option/joint venture/funding partner, is financed for and has committed to a minimum of $500,000 to be expended on exploration this year in Manitoba. A management committee has been formed, NAM was appointed the field manager, and plans are being formalized to begin the exploration process as early as possible in 2018. Our plan is to drill at least 2 of the 3 drill ready projects before the end of the year. Further announcements will be forthcoming.

Current Market Awareness Program

Conferences This Quarter

In early February, our President Trevor Richardson was in South Africa attending 3 conferences with a full schedule, including two 1-2-1 style conferences with over 25 pre-booked meetings with mine finance companies, major mine companies, institutions, stock brokers, and high net worth individuals. In mid-February, Harry Barr (CEO) and Paul Poggione (Corporate Development), had a minimum of 25 pre-booked meetings at the Capital Event Conference in Whistler to meet new and existing investors, stockbrokers and institutions. In March, the entire New Age Metals team assembled in Toronto. We attended the RAI$E Capital 1-2-1 event, where at least 25 different groups were presented NAM’s corporate mandate via our slide deck. On the Saturday before the Prospectors and Developers Association Convention (PDAC), we had various meetings at the Metals Investor Forum Conference. Our main event, the PDAC in Toronto, the world’s largest mining convention, is where our company hosted a small hospitality room that doubled as a boardroom and over 40 meetings were completed to continue our New Age Metals market awareness program. Several meetings were held with prospectors, junior mining companies, and major mining companies, to advance our objectives. Our President, Trevor Richardson was asked to speak in two packed rooms, one for the Canada-China Investment Conference and the second in the Ontario Pavilion, both talks were focused on advanced stage mineral projects in Ontario. Management of NAM believes that the 2018 PDAC was one of the best attended and most positive mining conferences in recent years.

Third Party Social Media, Digital Marketing, and U.S. Radio Campaigns

In the first quarter of 2018, NAM signed contracts with Stockhouse.com, Investing News Network (a fully owned subsidiary of Dig Media Inc.), and International Mining Research. These programs will augment our existing programs with Palisade Global, Agoracom, Alpha Stoxx, and Star IR. We are pleased to be working with these companies whose platforms provide content and contact with thousands of investors every day. In early March, to add to our U.S. marketing program and our OTC listing (U.S. Trade Symbol: PAWEF).

NAM has signed contracts with NYC Radio, LLC, Corporate Profile Minute on the Larry Kudlow Show, which is featured on over 150 radio stations coast to coast, and the Ellis Martin Report, which is broadcasted on 100 terrestrial stations in the United States and worldwide via the VoiceAmerica Business Channel.

Warrant Extension

The Company also announces that it will make an application to the TSX Venture Exchange to amend the terms of 7,124,553 (post-consolidated) share purchase warrants, (the “Warrants”) by extending the expiry date and amending the exercise price.

Subject to TSX Venture Exchange approval, the original expiry date of March 28, 2018 is proposed to be extended to March 28, 2020 and the original exercise price of $0.15 (post-consolidated) per share is proposed to be amended to $0.20 in the first year and $0.25 in the second year. The terms of each Warrant to be amended will include an accelerated expiry clause, such that the exercise period of the Warrants will be reduced to 30 days if, for any 10 consecutive trading days during the unexpired first year term of the Warrants, the closing price of the Company’s shares is $0.25 or more and during the unexpired second year term of the Warrants, the closing price of the Company’s shares is $0.30 or more. All other terms and conditions will remain the same.

Opt-in List

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.

ABOUT NAM’S LITHIUM DIVISION

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see News Release: Jan 15, and Feb 22 nd , 2018) whereby Azincourt will commit up to $3.85 million dollars in exploration, up to 3 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 5 projects. Exploration plans for 2018 are currently in progress.

QUALIFIED PERSON

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

For further information on New Age Metals, please contact Paul Poggione, Corporate Development at 613-659-2773, or [email protected]

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Tags: #mining, #smallcapstocks, $TSXV, CSE, lithium, palladium, PGM, Platinum
Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals $NAM.ca Provides Update on #Platinum Group Metals #PGM and #Lithium Divisions $WG.ca $XTM.ca $WM.ca

New Age Metals $NAM.ca Currently Advancing North Americaâ€™s Largest Undeveloped Resource of #PGM #Platinum #Palladium $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 12:03 PM on Wednesday, March 7th, 2018

Palladium and platinum are irreplaceable as auto catalysts
Palladium is essential in catalytic converters for gasoline-powered engines
Platinum is necessary for production of catalytic converters for diesel engines

Jeff Nielson, Stockhouse

Platinum group metals (PGMâ€™s) fly under the radar of investors in the world of mining. The evidence is all around us.

Like gold and silver, these are precious metals: 28% of platinum demand is specifically for jewelry and investment purposes, and 17% of palladium demand is for jewelry/investment. Yet when investors think â€œprecious metalsâ€, typically all they consider are gold and silver.

Palladium and platinum are also vital for industry. Indeed, these are arguably the first two green metals. When investors think â€œgreenâ€, they immediately look to the electric vehicle market, and the lithium-ion batteries that power these vehicles. However, before the EV came to market, it was palladium and platinum that have played crucial roles in mitigating harm to the environment.

Palladium and platinum are irreplaceable as auto catalysts, used in the manufacturing of the catalytic converters that have dramatically reduced toxic emissions from internal combustion engines. Palladium is essential in catalytic converters for gasoline-powered engines (more popular in North America). Platinum is necessary for the production of catalytic converters for diesel engines (more popular in Europe).

image: http://www.stockhouse.com/getattachment/84b58a2c-8be5-4db3-b9cd-822628d5c9ae/NewAgeMetals_Pd_Pt_demand.jpg

image: http://www.stockhouse.com/getattachment/aec2ed11-af8e-44d8-9d0b-b698b28ccbc7/NewAge_catatytic-(2).gif?width=450&height=338

(click to enlarge)

A leading company looking to bring new supply of these metals to market is New Age Metals Inc. (TSX. V.NAM, OTCQB: PAWEF, Forum). NAM is currently advancing North Americaâ€™s largest undeveloped resource of PGMâ€™s. In a conference call with Stockhouse Editorial, management pointed to the lack of familiarity with these metals.

In terms of price, what has been the best-performing metal over the past ten years? Very few mining investors could answer this question. Itâ€™s palladium.

image: http://www.stockhouse.com/getattachment/8df15a5c-5157-45a5-a858-5060b98ce023/NewAgeMetals_pd_10yr.gif

Typically, when demand heats up for a particular metal, prices spike â€“ stimulating additional supply as new mines come online. The increased supply turns into a glut and a bull market becomes a bear market. This hasnâ€™t happened with palladium because the price has never risen high enough to spur such an increase in supply.

This is reinforced when we look closer at the sources for palladium. Russia and South Africa dominate the supply of these metals, with Canada a distant third. However, South Africaâ€™s mining industry has become notorious for declining mine reserves and labour strife. Almost certainly, palladium production there is already at peak levels.

Meanwhile, Russia has been supporting the palladium market for years, selling roughly 15 tonnes per year from state stockpiles. Without these sales, the palladium market could not have remained fully supplied. In 2015, however, Russiaâ€™s government announced that it â€œmay significantly reduce exportsâ€ of several strategic metals â€“ including palladium.

With the sector in a continuing supply deficit and demand in the auto industry continuing to climb, the price has hit a 17-year high, and has actually exceeded the price of platinum for the first time since 2001. Rising emissions standards require better catalytic converters, implying further increases in demand. An article from December 2017 explains why metals analysts expect continued strength in this market.

The 2015 Volkswagen (ETR:VOW3) emissions-rigging scandal involving diesel-powered vehicles has also led drivers in Europe to gravitate towards gasoline-powered vehicles.

Johann Wiebe, lead analyst at Thomson Reutersâ€™ GFMS Supply Chain & Commodities Research division, said, â€œdiesel vehicles will still be around for awhile, but their share in Europe, the largest market, is estimated to decline from around 45 percent at present to as little as 35 percent in 2025.â€

Meanwhile, George Gero, managing director of RBC Wealth Management, recently told Reuters that palladium, â€œcannot be reclaimed as easily or as often from junked automobiles as platinum.â€

Clearly, the world needs additional sources of palladium. Even the current price of $1,000+ per ounce has been insufficient to bring this market into equilibrium. This puts the importance of New Age Metalâ€™s multi-million ounce deposit into context. But while palladium prices have been merely insufficient, platinum prices have been truly depressed.

image: http://www.stockhouse.com/getattachment/58a5519d-ba40-45bd-8a27-830881daf1b2/NewAgeMetals_8yrPt.gif

Historically, platinum has always been priced at a significant premium to gold. Yet today, the price of platinum is lower than gold. Putting this fact into proper context, the price of gold is also depressed â€“ so depressed that mine supply of the yellow metal is now falling. Todayâ€™s platinum price represents an historic trough for this metal.

The price of platinum must rise dramatically to restore sustainability to this market. The same is true with palladium. Russiaâ€™s 2015 announcement means that its stockpiles are no longer an assured source of supply. Given that these stockpiles are a â€œstate secretâ€, they could even be near exhaustion.

New Age Metals is ideally positioned to take advantage of these supply/demand dynamics with its 100%-owned River Valley PGM Project, situated in the Sudburyâ€™s famed mining district. Management has been patiently advancing this project for more than a decade. However, with current market conditions so favorable, the Company is now looking to step on the accelerator pedal.

The River Valley PGM Project

The first question that investors new to this Company will want answered is: how large is the River Valley deposit already?

image: http://www.stockhouse.com/getattachment/29d1798c-307b-4c91-97ea-88a58b5afdfd/NewAgeMetals_PGMresource.jpg?width=450&height=240

(click to enlarge)

Total precious metals approach 2.5 million ounces. Expressed as a palladium resource, this equates to nearly 4 million ounces Pd equivalent (including base metals credits). Expressed as a gold resource, it equates to roughly 2.8 million ounces Au equivalent.

This robust resource is about to get bigger. A new resource estimate is due for release imminently.

Part of the reason why NAM has previously been patient in its development of River Valley was a matter of necessity. An important puzzle-piece was missing from this land package. On August 4, 2016; the Company announced the acquisition of what it has dubbed the â€œRiver Valley Extensionâ€: six mining claims previously held by Mustang Minerals Corp.

Harry Barr, the Chairman and CEO of New Age Metals explains why he has coveted these mining claims, and for how long NAM has been seeking to acquire them.

For more than 10 years, management has had its eye on the acquisition of the River Valley Extension. This new acquisition allows our shareholders to control 100% or 16 kilometers of a new PGM mining district.

Solidifying the land package still further, the Company did extensive staking around the boundaries of these claims until management was satisfied they had assembled the whole â€œpuzzleâ€. Since that time, there have been three focal points in development of River Valley:

Â Developing NAMâ€™s new Pine Zone and T3 discoveries (to the east of the original deposit).

Continuing the development of the footwall discovery from T3 to T9.

Demonstrating that the River Valley Extension can significantly enhance the overall resource

In 2015; New Age Metals reported a â€œnew discoveryâ€: the Pine Zone. This mineralization was located in the footwall areas, east of the main deposit. Not only does this represent additional mineralization at River Valley, the Company has been encountering some higher grade intercepts, as well as significant levels of copper mineralization.

A total of seven drillholes were completed during 2015 and 2016. Highlights include:

16 meters @ 2.054 g/t Pd+Pt, 0.091 g/t Au, and 0.179% Cu
9 meters @ 4.065 g/t Pd+Pt, 0.176 g/t Au, and 0.280% Cu

image: http://www.stockhouse.com/getattachment/48d89daf-c116-4586-90e2-cfa01cc34a94/NewAgeMetals_newdiscovery.jpg?width=450&height=250

(click to enlarge)

Investors looking to project ahead to the potential of River Valley donâ€™t even need to leave Ontario. Approximately 90 km north of Thunder Bay is the Lac des Iles Mine of North American Palladium, a company that bills itself as (at present) â€œthe only pure play palladium producer in the worldâ€.

Lac des Iles has been in operation for more than 20 years. It is a 6,000+ tonnes per day underground mining operation, with a 15,000 tpd mill. Similar grades to River Valley, very similar geology.

What is different between the two companies? Location. North American Palladium ships its concentrate roughly 1,000 kilometers to Sudbury, the nearest refining facility. New Age Metals is only 100 kilometers from Sudbury, representing 1/10th of the transportation costs.

NAMâ€™s updated resource estimate for River Valley will be a stepping-stone in mine development, providing the first estimate of a resource for both the (new) Pine Zone and the recently added River Valley Extension. Slightly further along the horizon, management is planning to produce the first Preliminary Economic Assessment (PEA) for River Valley.

To further expedite development of the Project, in March 2017 the Company elevated Trevor Richardson from his role as VP Business Development to President and Chief Operating Officer (COO). Talk to Richardson about the exploration potential at River Valley, and you will quickly hear about â€œfootwall mineralizationâ€.

To date, approximately 40 million dollars has been expended on our combined River Valley and River Valley Extension project. The current substantial resource which has been defined, but is a long way from being drilled out, is in the contact mineralization. The contact extends throughout our 16 kilometers. We are most excited about the newly defined footwall mineralization, which we have only completed 3,000 meters of geophysics on, and have already identified the Pine and T3 Zones discoveries.

The plan is to take this geophysics and drilling program from North to South over our entire project. Our ultimate goal is to mine a series of open pits throughout our 16 kilometers, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex.

image: http://www.stockhouse.com/getattachment/0333f53b-241d-482c-851e-5df18d5bbb7d/NewAge_newFootwall.png?width=450&height=291

(click to enlarge)

For many investors, the River Valley Project alone would be reason enough to look to add NAM to their portfolio. However, this Company became â€œNew Age Metalsâ€ in 2016, when management changed the corporate name to reflect the addition of a new lithium division.

While palladium and (especially) platinum have yet to hit their stride in terms of pricing, the lithium sector is already hot. NAM has acquired five prospective lithium properties, situated in the Winnipeg River Pegmatite Field in southeast Manitoba.

image: http://www.stockhouse.com/getattachment/164a4bdc-44a4-40ba-9aea-a009e8d48e7e/NewAgeMetals_lithiumproperties-(1).jpg?width=450&height=210

(click to enlarge)

This is hard-rock lithium geology, meaning that any future mining would be via conventional mining operations, not the â€œlithium brineâ€ mining with which most investors are now more familiar. Lithium brine extraction is environmentally and logistically challenging.

Commonly, Lithium brine operations require hyper-arid climates in order to be able to efficiently conduct the large-scale evaporation required to concentrate lithium. The problem is that this form of lithium concentration also requires vast quantities of water. This can result in environmental issues and friction with other water-users in these arid climates.

NAM recently completed a joint venture with Azincourt Energy, a comprehensive agreement covering all five properties. The exploration plan is to spend $500,000 in 2018 to advance three of the five projects.

Many mining and tech analysts would argue that the 21st century represents â€œa new ageâ€ for metals markets: producing large quantities of many metals, for industrial applications that didnâ€™t even exist prior to this century. Many mining investors will see New Age Metals as a strong investment vehicle to help meet this new demand.

Appendix:Â

Fundamental Research Corp analyst report January 2018

Read more at http://www.stockhouse.com/news/newswire/2018/03/07/leading-development-project-first-green-metals#f600SPpWSrAtqZE7.99

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, PGM, Platinum
Posted in All Recent Posts, Featured, New Age Metals | Comments Off on New Age Metals $NAM.ca Currently Advancing North Americaâ€™s Largest Undeveloped Resource of #PGM #Platinum #Palladium $WG.ca $XTM.ca $WM.ca

New Age Metals $NAM.ca Lithium Division-Manitoba and Platinum Group Metals Division-Ontario Exploration and Development Update $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 8:44 AM on Thursday, February 22nd, 2018

New age large

– A minimum of $500,000 will be expended in 2018 on the companies Lithium division by New Age Metals (NAM) option/joint venture partner Azincourt Energy Corp. (TSX.V: AAZ)

(see news release dated January 15th, 2018).

– Lithium management committee formed and first management committee meeting complete.
– The Lithium Division’s 5 projects, 3 of which are drill ready, cover over 6,000 hectares and are one of the largest claim holdings in the Winnipeg River Pegmatite field (64 square kilometres).

– NAM’s technical team is the field manager of the project and is currently finalizing a Phase 1 exploration plan for 2018. Further announcements will be forthcoming.

– PGM Division: River Valley is the largest undeveloped primary Platinum Group Metals (PGM) resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional1.2Moz PdEq inInferred. The 100% owned River Valley PGM Project has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex.
– Updated NI 43-101 resource calculations with WSP Canada have commenced and the report is expected to be completed in Q1-2018.

– Ground IP geophysics in progress to test further footwall regions of the T4 to T9 anomalies for additional footwall mineralization

– Mineralogical testing is ongoing in Sudbury at Expert Process Solutions (XPS).

– The price of Palladium, the prominent metal at River Valley is trading at $1,028.30USD (March 2018) near its all-time high based on limited supply and increasing demand.

February 22nd, 2018 / TheNewswire / Vancouver, Canada – New Age Metals Inc.(NAM) (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; “We are pleased to update our shareholders and interested parties as to our present exploration program on our 5 Manitoba Lithium Projects and update you on our River Valley PGM project. Both of the company’s mineral divisions have aggressive exploration and development plans for 2018 and the balance of this release will provide you with more specific details.”

Exploration Plans for Lithium Division 2018

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in South East Manitoba.

In January, NAM announced a signed final agreement with Azincourt Energy Corp. (TSX.V: AAZ) for the Manitoba Lithium Projects. (News Release: January 15th, 2018) This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM, under its subsidiary Lithium Canada Developments, is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field for Lithium. Azincourt Energy Corp. as our option/joint venture/funding partner, is financed for and has committed to a minimum of $500,000 to be expended on exploration this year in Manitoba. A management committee has been formed and plans are being formalized to begin the exploration process as early as possible in 2018. As per our agreement with Azincourt, it has the option to commit up to $3.85 million dollars in exploration, issue up to 3 million shares of Azincourt stock to NAM, pay NAM up to $210,000 in cash, and NAM will receive a 2% net smelter royalty on all 5 projects. Phase 1 of the 2018 program is in progress, further announcements will be forthcoming. (see Jan 15 th 2018 Press Release)

Click Image To View Full Size

Figure 1: NAM Lithium Projects Manitoba

Lithium Prices and Performance

Lithium is in demand in a wide range of sectors worldwide. Last year, total consumption estimates are over 170kt Lithium Carbonate Equivalent. (Batteries had the largest share at 32%, followed by ceramics and glass at 27%.) Prior to 2015, ceramics and glass had the largest demand, but electric vehicle sales growth in 2015 resulted in batteries becoming the highest demand sector.While many commodities struggle for consumption growth, Lithium demand had an estimated growth of 8% Year over Year and has a forecasted 9% compounded annual growth rate to 2021. “Demand for battery-grade lithium compounds is expected to skyrocket in the next decades in tandem with soaring demand for electric cars as governments and individual consumers try to reduce their carbon footprint (Reuters on Fortune.com).”

Current Market Awareness Program

Conferences This Quarter

Third Party Social Media, Radio and Digital Marketing Campaigns

In late January, NAM signed contracts with both Stockhouse.com and Investing News Network (a fully owned subsidiary of Dig Media Inc.). We are pleased to be working with these two companies who are in contact with thousands of investors daily. In mid-February, NAM signed a contract with Corporate Profile Minute on the Larry Kudlow Show, which is America’s #1 Wall Street radio show, catering to fund managers, investment advisors, stock brokers, and personal investors.

Opt-in List

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.

River Valley PGM Division, Sudbury, Ontario: Ground IP Geophysics Underway

The current geophysical survey on our River Valley PGM Project is a high-resolution OreVision(R) IP survey performed by Abitibi Geophysics, (Thunder Bay, Ontario), who completed last year’s survey on our new discovery, the Pine Zone to T-3 target. New drill discoveries have been made in this region from 2015-2017. OreVision IP can reveal targets at four times the depth of conventional IP without compromising near-surface resolution. The goal of the geophysical survey is to test the footwall portion to the main River Valley PGM Deposit, southward of the Pine Zone IP survey (News Release: Jun 19 th , 2017) and to cover the area between target anomalies T4 to T9 (Figure 2). This area represents a survey strike length of approximately 2000 metres. The geophysics is now complete and the final report is expected before the end of March 2018. Upon completion of the present geophysical survey and management having the opportunity to review the final report, the company will outline a series of drill programs to test the new geophysical anomalies generated from the survey (T4-T9) and outline additional drilling to the north in Pine Zone and T3 where only Phase 1 Drilling has been completed to date. (see Feb. 7 th , 2018 Press Release)

Click Image To View Full Size

Figure 2: Drill Hole Distribution Map in the Northern Portion of the River Valley PGM Deposit Showing Regions of Upcoming IP Geophysics. NOTE: Image only represents approximately 3.5 km of the overall strike length of the River Valley PGM deposit.

New Updated Resource Model, NI 43-101

WSP Canada (News Release: Sept 7th, 2017) is progressing through the new resource calculation for the River Valley PGM Deposit under the supervision of Todd McCracken, Manager-Mining at WSP Canada and is slated to be complete before the end of the first quarter of 2018. The new resource model and calculation will incorporate all the past data, geophysics, new drilling since 2012 and the River Valley Extensions (RVE). In 2016, the company purchased 100% of Mustang Minerals’ southern portion of the River Valley contact (River Valley Extension, News Release – Oct 5 th , 2016). This added 4 kilometers of mineralized strike length to the southern portion of the company’s main River Valley Project. Approximately $5,000,000 was expended on the RVE by previous operators, including extensive drilling. This exploration work will be included in the upcoming River Valley resource calculation.

(see Feb 7 th Press Release)

Mineralogical Studies

Expert Process Solutions (XPS), based in Falconbridge, Ontario has been engaged to perform mineralogical studies of the PGM mineralization. XPS provides world class quantitative mineralogy for ore body characterization and metallurgical technology services for operational support, growth initiatives and project development. They have extensive experience in many commodities including the Platinum Group Metals (PGM’s). Management believes that a better understanding and characterization of the River Valley PGM mineralization will be a guide in future endeavors and development work including improved flowsheet and processing options in preparation for a Preliminary Economic Assessment (PEA) Report. Major companies within the Sudbury Mining Complex have extra capacity to treat PGM ores.North American Palladium, Canada’s only primary producer of PGMs, ships all its concentrates approximately 1,000 km from its Thunder Bay, Ontario Lac-des-Iles mine to the Sudbury Mining Complex for processing.

River Valley PGM Exploration Plan Going Forward

River Valley PGM Goals & Objectives

During the next year the company’s exploration & development objectives are:

1.Complete ground IP geophysics (Q1 2018);

2.Complete a new resource calculation (slated for end of Q1 2018);

3.Continue with drilling in the northern portion of the project (slated for Q3-Q4 2018 & Q1 2019);

4.Explore more target areas based on recommendations of the updated 43-101 and the 2018 geophysics (slated for Q3-Q4 2018 & Q1-Q2 2019);

5.Complete mineralogical studies (Q2 2018); and

6.Continue to advance the River Valley PGM Project towards a Preliminary Economic Assessment (PEA) on the River Valley PGM Deposit.

Click Image To View Full Size

Figure 3: The Yellow Band represents the interpolated footwall potential area of the River Valley Deposit based on the results of the Pine Zone where footwall mineralization was noted to extend 140 meters eastward from the main deposit. At present the only area that has confirmed footwall mineralization is in the Pine Zone (defined from 2015 to 2017 drilling). Exploration is in progress to test other areas of the deposit.

Platinum Group Metal Prices & Performance

We are encouraged about the economics surrounding PGMs as we continue to see ongoing deficits being forecasted in both Platinum and Palladium. Most recently the price of Palladium, our primary metal at River Valley, has hit an all-time high, and outpaced all other commodities in 2017 and over the past 10 years. Our second most important metal Platinum, has come off its bottom price in late 2017 and has increased substantially to date. As a reminder to our shareholders and investors our River Valley Project also contains: Gold, Silver, Copper, Nickel, and Rhodium, most of which have experienced recent price increases.

ABOUT NAM’S LITHIUM DIVISION

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018 Press Release) whereby Azincourt will commit up to $3.85 million dollars in exploration, up to 3 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 5 projects. Exploration plans for 2018 are currently in progress.

ABOUT NAM’S PGM DIVISION

In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4 kilometres to the project’s mineralized strike length to the southern portion of the intrusion.

On February 7th 2018 NAMs management announced an aggressive 2018 exploration and development program on the River Valley Project, which includes a large geophysical program, the updated 43-101 resource calculation, and a program to outline drill targets on the company’s newly discovered footwall mineralization zones. (see Feb. 7 th , 2018 Press Release)

QUALIFIED PERSON

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Tags: #mining, #smallcapstocks, $TSXV, palladium, PGM, Platinum, River valley
Posted in Featured, New Age Metals | Comments Off on New Age Metals $NAM.ca Lithium Division-Manitoba and Platinum Group Metals Division-Ontario Exploration and Development Update $WG.ca $XTM.ca $WM.ca

Analysts See Potential For Further Gains In #Palladium, #Platinum Prices $NAM.ca $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 3:41 PM on Tuesday, February 13th, 2018

Interest in platinum and palladium has grown significantly over the years as investors set their sights beyond gold and silver
A low correlation with other asset classes and a supply constrained outlook have seen exchange-traded funds proliferate and a maturing futures market has broadened the appeal of the sector

Neils Christensen

Tuesday February 13, 2018 11:27

(Kitco News) – While the shine has come off Platinum Group Metals in the past month, some analysts continue to see potential for the precious metals throughout the year.

After a stellar 2017, palladium has led the selloff in the PGM market, dropping more than 13% from its all-time highs seen a month ago. March palladium futures last traded at $982.30 an ounce. At the same time, the spread has closed between platinum and palladium, with platinum falling nearly 6% in the last month. April platinum futures last traded at $977.20 an ounce.

Commodity analysts at BMO Capital Markets said that outflows in PGM-backed exchange-traded funds could provide short-term headwinds for the market; but, they added that fundamentals of stable demand and shrinking supply could provide some support for prices through the rest of the year.

â€œInterest in platinum and palladium has grown significantly over the years as investors set their sights beyond gold and silver. A low correlation with other asset classes and a supply constrained outlook have seen exchange-traded funds proliferate and a maturing futures market has broadened the appeal of the sector,â€ they noted. â€œHowever, changing market dynamics in the PGM market have prompted investors to rotate out of longer-term, buy-and-hold ETF investments as they instead increasingly favor shorter-term speculative play.

Looking forward, the Canadian bank sees more potential for platinum over palladium.

â€œThe mood seems to be changing, and in recent weeks spot prices have closed the gap on palladium with the spread narrowing to within $10/oz. Fundamentally, with global auto sales growth slowing, and potential for platinum replacement in catalysts, we expect the average platinum price to be $50/oz higher than palladium this year,â€ he said in the report.

Marcus Garvey, an analyst at the worldâ€™s largest bank, ICBC Standard Chart, also sees the potential for PGM prices through 2018. In a report Monday, he said that he expects platinum prices to average above $1,000 an ounce as the market benefits from a weaker U.S. dollar. However, he added that he still sees more potential for palladium, expecting the metal to outperform, seeing prices averaging $1,080 an ounce this year.

â€œNot only do palladiumâ€™s fundamentals remain supportive but platinumâ€™s supply-demand balance is also improving. Absent a full-blown macro-market panic, therefore, expect both markets to find support in fairly short order,â€™ he said.

Garvey noted that both platinum and palladium face some supply issues as the market adjusts to declining auto sales. Palladium is the critical metal used in catalytic converters in gasoline engines and platinum is used in diesel engines. Garvey added that for platinum, strong jewelry demand help to compensate for weak industrial demand.

While both ICBC and BMO see further potential for PGMs in 2018, both firms highlighted growing uncertainty as electric vehicles gain more market share in the auto sector, reducing demand for gasoline and diesel-powered engines.

â€œAlthough EV sales are growing rapidly, they are coming from a low base and, globally, will only take a small fraction of the combined gasoline and diesel share between now and 2020,â€ said Garvey. â€œWe, therefore, continue to monitor EV developments closely but do not yet find them to have a significant impact on our PGM market balances.â€

Analysts at BMO were slightly more pessimistic noting â€œGiven the rise of EVs and subsequent strategy shift from car makers, there is a school of thought that the demand outlook for auto catalysts is one in terminal decline.â€

By Neils Christensen

For Kitco News

Source: http://www.kitco.com/news/2018-02-13/Analysts-See-Potential-For-Further-Gains-In-Palladium-Platinum-Prices.html

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, Platinum
Posted in All Recent Posts, New Age Metals | Comments Off on Analysts See Potential For Further Gains In #Palladium, #Platinum Prices $NAM.ca $WG.ca $XTM.ca $WM.ca

How #palladiumâ€™s rally is setting #platinum up for a comeback $NAM.ca $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 11:44 AM on Monday, February 5th, 2018

Palladium futures PAH8, -1.30% Â climbed by more than 55% in 2017

By MyraP. Saefong

As palladium prices soar to new records, platinum deserves to get a closer look from investors.

Palladium futures PAH8, -1.30% Â climbed by more than 55% in 2017. But the metalâ€™s price rise, â€œtogether with concerns regarding availability, have led some auto makers to consider replacing palladium in gasoline cars with platinum, which can be used at a one-to-one ratio,â€ says Will Rhind, CEO of fund management company GraniteShares. â€œThis could result in a modest decline in palladium demand, but a significant increase in platinum demand.â€

His firm recently launched a physically-backed platinum exchange-traded fund in the U.S. â€” only the second such U.S.-listed investment offering. The GraniteShares Platinum Trust PLTM, -0.57% Â began trading on Jan. 22. The new fund arrives on the scene just as platinum looks ready to play catch-up with palladium. Platinum futures PLJ8, -0.04% Â finished off last year with a rise of less than 4%.

Year to date, however, platinum futures were up nearly 7% as of Friday, compared with an almost 2% loss for palladium futures. Platinum closed Friday at $999.40 an ounce, versus palladiumâ€™s $1,044.95 an ounce.

â€œWe think the rally in palladium seems to have peaked for the time being,â€ says Rhind.

Palladium has climbed to never-before-seen levels because of tight global supplies and its use in pollution-control catalytic converters in gasoline-powered vehicles.

â€œPlatinum and palladium have very different demand profiles, with palladium demand dominated by its use in emissions control in gasoline cars,â€ says Rhind. â€œThe global growth in gasoline vehicles has supported palladium demand and price has reflected this.â€

Car shiftThe automotive sector shifted away from platinum a number of years ago because it was more expensive than palladium. But with platinum trading at a discount to palladium since October of last yearâ€”for the first time in roughly 16 yearsâ€”platinum may now look somewhat more appealing to the auto industry.

â€œPlatinum is the better metal from a utility standpoint, but higher prices forced the switch,â€ says Tyler Richey, the co-editor of the Sevens Report. Now that platinum is cheaper than palladium, â€œwe should see the opposite occur.â€

That sort of shift, however, doesnâ€™t happen overnight, he says.

Chris Gaffney, president of World Markets at EverBank, agrees. â€œShifting the production lines is not something which is easily done for these massive manufacturing companies. Many of these major automobile manufacturers have a long-term goal of switching to all electric-power plants, so spending money to switch from palladium back to platinum may not make sense,â€ he says.

Either way, Gaffney sees platinum outperforming palladium this year.

â€œPlatinum has not kept pace with palladium and should revert back to trading at a premium, especially if we start to see catalytic-converter companies making the switch back to platinum.â€

Check out: How lithium and cobalt are getting a boost from Tesla, Apple batteries

Demand climbPlatinum also doubles as a precious metal, and itâ€™s expected to get an additional lift from jewelry demand, which should â€œrebound and accelerateâ€ this year, says Richey.

The World Platinum Investment Council (WPIC), which helped GraniteShares fund the development and launch of its ETF, forecasts a 2% rise to 8.03 million ounces in overall platinum demand for 2018, compared with 2017. Total global supplies of the metal are expected to fall by 1% this year to 7.755 million ounces, leaving a shortfall of 275,000 ounces.

The WPIC also forecast a climb in global platinum jewelry demand of 3% this year, which would mark the first annual increase since 2014. â€œPlatinum is a metal with a very wide industrial application base, but it is also a precious metal and a store of value,â€ said Rhind.

Gaffney says that by year end, itâ€™s reasonable to expect platinum prices to be at $1,250 an ounce, with palladium a bit lower than that at $1,200 an ounce. That would imply a 25% rise in platinum prices from Fridayâ€™s settlement.

Source: https://www.marketwatch.com/story/how-palladiums-rally-is-setting-platinum-up-for-a-comeback-2018-02-03

Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, Platinum
Posted in All Recent Posts, New Age Metals | Comments Off on How #palladiumâ€™s rally is setting #platinum up for a comeback $NAM.ca $WG.ca $XTM.ca $WM.ca

Posts Tagged ‘Platinum’

First ore expected in about 4 years, with full production by 2025

Categories