Agoracom Blog Home

Posts Tagged ‘Platinum’

« Older Entries
Newer Entries »

‘Deep will be the new norm’ — #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 new ore underneath Sudbury
  • “I think deep will be the new norm and certainly in Sudbury, that’s where the future lies,” said Peter Xavier, 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 · CBC News · Posted: Apr 05, 2018 4:01 AM ET

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

The Onaping 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, Glencore vice-president of Sudbury operations.

The deposit is located 2,500 metres beneath the mothballed Craig Mine in Onaping 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 prolonged slump, because Glencore’s two other Sudbury mines — Nickel Rim and Fraser — 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.

Glencore 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 said 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 Unifor 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: , , , , , , , , ,
Posted in All Recent Posts, New Age Metals | Comments Off on ‘Deep will be the new norm’ — #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

New age large

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 22nd, 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 5th, 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 19th, 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. 1.Complete ground IP geophysics (Q1 2018);
  1. 2.Complete a new resource calculation (slated for end of Q1 2018);
  1. 3.Continue with drilling in the northern portion of the project (slated for Q3-Q4 2018 & Q1 2019);
  1. 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);
  1. 5.Complete mineralogical studies (Q2 2018).
  1. 6.Continue to advance the River Valley PGM Project towards a Preliminary Economic Assessment (PEA) on the River Valley PGM Deposit; and
  2. 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 22nd , 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 22nd, 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

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.

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]

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”, “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: , , , , , , ,
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 America’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
New age large
  • 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 (PGM’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 “precious metals”, 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 “green”, 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 America’s largest undeveloped resource of PGM’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. It’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 – stimulating additional supply as new mines come online. The increased supply turns into a glut and a bull market becomes a bear market. This hasn’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 Africa’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, Russia’s government announced that it “may significantly reduce exports” of several strategic metals – 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 Reuters’ GFMS Supply Chain & Commodities Research division, said, “diesel 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.”

Meanwhile, George Gero, managing director of RBC Wealth Management, recently told Reuters that palladium, “cannot be reclaimed as easily or as often from junked automobiles as platinum.”

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 Metal’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 – so depressed that mine supply of the yellow metal is now falling. Today’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. Russia’s 2015 announcement means that its stockpiles are no longer an assured source of supply. Given that these stockpiles are a “state secret”, 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 Sudbury’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 “River Valley Extension”: 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 “puzzle”. Since that time, there have been three focal points in development of River Valley:

  1.  Developing NAM’s new Pine Zone and T3 discoveries (to the east of the original deposit).
  1. Continuing the development of the footwall discovery from T3 to T9.
  1. Demonstrating that the River Valley Extension can significantly enhance the overall resource

In 2015; New Age Metals reported a “new discovery”: 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 don’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) “the only pure play palladium producer in the world”.

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.

NAM’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 “footwall mineralization”.

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 “New Age Metals” 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 “lithium brine” 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 “a new age” for metals markets: producing large quantities of many metals, for industrial applications that didn’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: 

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: , , , , , ,
Posted in All Recent Posts, Featured, New Age Metals | Comments Off on New Age Metals $NAM.ca Currently Advancing North America’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 15th 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

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 18 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 will assemble at the PDAC in Toronto (The world’s largest mining conventions), and we will also attend two smaller mining conferences before the PDAC, RAI$E Capital March 2nd where management has approximately 20 1-2-1 meetings booked and Saturday March 3rd management will be attending the Metals Investor Forum Conference, to continue our New Age Metals market awareness program. In April, management will be attending a second Capital Event conference in Arizona, which is another 1-2-1 style conference.

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 19th, 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. 7th, 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 5th, 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 7th 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

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.

River Valley PGM Goals & Objectives

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

  1. 1.Complete ground IP geophysics (Q1 2018);
  1. 2.Complete a new resource calculation (slated for end of Q1 2018);
  1. 3.Continue with drilling in the northern portion of the project (slated for Q3-Q4 2018 & Q1 2019);
  1. 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);
  1. 5.Complete mineralogical studies (Q2 2018); and
  1. 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.

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.

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

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 Canada’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 91 million tones @ 0.58 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, with a total metal grade of 1.28 g/t at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold.This equates to 3,942,910 PdEq ounces.In the Northern portion of the project (Dana North), not including the new high-grade Pine Zone, there is 24 million tonnes @ 1.58 PdEq.The River Valley PGM mineralized zones remain open to expansion.The company has recently completed a phase one drill program on the Pine and T3 Zones.

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. 7th, 2018 Press Release)

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.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

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”, “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.

Copyright (c) 2018 TheNewswire – All rights reserved.

 

Tags: , , , , , ,
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
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.

“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,” they noted. “However, 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.

“The 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,” he said in the report.

Marcus Garvey, an analyst at the world’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.

“Not only do palladium’s fundamentals remain supportive but platinum’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,’ 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.

“Although 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,” said Garvey. “We, therefore, continue to monitor EV developments closely but do not yet find them to have a significant impact on our PGM market balances.”

Analysts at BMO were slightly more pessimistic noting “Given 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.”

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: , , , , ,
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 #palladium’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%  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%  climbed by more than 55% in 2017. But the metal’s price rise, “together 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,” says Will Rhind, CEO of fund management company GraniteShares. “This could result in a modest decline in palladium demand, but a significant increase in platinum demand.”

His firm recently launched a physically-backed platinum exchange-traded fund in the U.S. — only the second such U.S.-listed investment offering. The GraniteShares Platinum Trust PLTM, -0.57%  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%  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 palladium’s $1,044.95 an ounce.

“We think the rally in palladium seems to have peaked for the time being,” 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.

“Platinum and palladium have very different demand profiles, with palladium demand dominated by its use in emissions control in gasoline cars,” says Rhind. “The global growth in gasoline vehicles has supported palladium demand and price has reflected this.”

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 year—for the first time in roughly 16 years—platinum may now look somewhat more appealing to the auto industry.

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

That sort of shift, however, doesn’t happen overnight, he says.

Chris Gaffney, president of World Markets at EverBank, agrees. “Shifting 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,” he says.

Either way, Gaffney sees platinum outperforming palladium this year.

“Platinum 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.”

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

Demand climbPlatinum also doubles as a precious metal, and it’s expected to get an additional lift from jewelry demand, which should “rebound and accelerate” 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. “Platinum is a metal with a very wide industrial application base, but it is also a precious metal and a store of value,” said Rhind.

Gaffney says that by year end, it’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 Friday’s settlement.

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

Tags: , , , , ,
Posted in All Recent Posts, New Age Metals | Comments Off on How #palladium’s rally is setting #platinum up for a comeback $NAM.ca $WG.ca $XTM.ca $WM.ca

FEATURE: New Age Metals $NAM.ca Updating Resource Estimate at Canada’s Largest Undeveloped #PGM Deposit #Platinum #Palladium $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 12:45 PM on Friday, January 26th, 2018

  • River Valley Project is Canada’s largest primary undeveloped PGM deposit with Measured + Indicated resources of 91 million tonnes @ 0.58 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, with a total metal grade of 1.28 g/t at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold.
  • Equates to 3,942,910 PdEq ounces
  • Northern portion of the project (Dana North), not including the new high-grade Pine Zone, there is 24 million tonnes @ 1.58 PdEq.
  • PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion

Click image below to read entire report.

 

Tags: , , , , ,
Posted in AGORACOM Client Feature, All Recent Posts, New Age Metals | Comments Off on FEATURE: New Age Metals $NAM.ca Updating Resource Estimate at Canada’s Largest Undeveloped #PGM Deposit #Platinum #Palladium $WG.ca $XTM.ca $WM.ca

REPORT: New Age Metals Inc. $NAM.ca $PAWEF – Updating Resource Estimate at Canada’s Largest Undeveloped #PGM Deposit #Platinum #Palladium $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 8:12 AM on Friday, January 19th, 2018

(TSXV: NAM / OTCQB: PAWEF / FSE: P7J)

  • River Valley Project is Canada’s largest primary undeveloped PGM deposit with Measured + Indicated resources of 91 million tonnes @ 0.58 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, with a total metal grade of 1.28 g/t at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold.
  • Equates to 3,942,910 PdEq ounces.
  • Northern portion of the project (Dana North), not including the new high-grade Pine Zone, there is 24 million tonnes @ 1.58 PdEq.
  • River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion
  • The company has recently completed a drill program on the Pine and T3 Zone

 

Click image below to read entire report.

 

Tags: , , , , , ,
Posted in All Recent Posts, Featured, New Age Metals | Comments Off on REPORT: New Age Metals Inc. $NAM.ca $PAWEF – Updating Resource Estimate at Canada’s Largest Undeveloped #PGM Deposit #Platinum #Palladium $WG.ca $XTM.ca $WM.ca

$NAM.ca New Age Metals Signs Letter of Intent to Option Five Lithium Projects in Southeast Manitoba to Azincourt Energy $WG $XTM.ca $WM.ca

Posted by AGORACOM-JC at 9:10 AM on Tuesday, December 12th, 2017

New age large

  • Signed a non-binding Letter of Intent (“LOI”) with Azincourt Energy Corp  (TSX-V: AAZ)
  • Azincourt to acquire up to a 60% interest with the potential to 100%, in Lithium Canada Development (LCD)

New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that it has signed a non-binding Letter of Intent (“LOI”) with Azincourt Energy Corp (“Azincourt”) (TSX-V: AAZ). The LOI allows for Azincourt (NR – Dec 11th, 2017) to acquire up to a 60% interest with the potential to 100%, in Lithium Canada Development (LCD) and/or its equal interest in the individual projects. New Age Metals retains the option of entering into a joint-venture agreement with Azincourt for the remaining 40%.

“We are pleased to partner with Azincourt Energy on our Lithium properties. This agreement accomplishes another milestone in 2017 for New Age Metals, which was to find a joint-venture partner for our Lithium Division. When completed, this option joint venture allows management to focus on the continued development of our 100% owned River Valley Project, which is Canada’s largest undeveloped primary PGM Deposit” Harry Barr, Chairman/CEO.

Terms of the LOI/Agreement

Under the terms of the LOI, Azincourt has paid NAM $10,000 and further agrees to pay $200,000 to New Age Metals (NAM) in exchange for a 60% ownership stake of NAMs 100% owned subsidiary Lithium Canada Developments (LCD). This payment of $200,000 will be made by Azincourt in four equal payments over the next 18 months. In addition to this cash payment Azincourt will issue up to 1,000,000 shares to NAM, staged in four equal installments, by the third anniversary of the signing of the definitive agreement. Azincourt has further committed to work expenditures totaling $2.85 million over 3 years, broken down as follows: $500,000 year one, $600,000 year two, $1million year three plus an additional $750,000 to reach the 60% threshold.Upon completion of all stock, property expenditures and cash payments AAZ will also issue a 2% net smelter royalty on all five of the projects to NAM.

Under terms of the non-binding LOI the Company must complete its due diligence and enter into a definitive agreement no later than January 15, 2018.

To earn 100%, Azincourt must meet additional requirements. Within 90 days of Azincourt earning its 60% in LCD or the projects, NAM has to the option to enter into a joint venture on a 60% AAZ/40% NAM basis using a standard Canadian Junior Mining joint venture agreement.

In the event NAM does not elect to enter into the above-mentioned option, then Azincourt must issue an additional 1,000,000 shares to NAM within 15 days of NAM electing not to participate in the Joint Venture. Azincourt must also expend an additional $1 million dollars by Oct 30, 2022 (for a total of $3.85 million), on any of the projects it elects to so long as all projects are in good standing. In the event the Company does not make the $1 million expenditure AAZ percentage will remain at 60%.

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 covers the Lithium One, Lithium Two, Lithman West, Lithman East and Lithman North projects. The land package included in this agreement represents the largest mineral claim holding for Lithium Projects in the Winnipeg River Pegmatite Field with over 6000 hectares of ground. This represents approximately 64 square kilometres of mineral claim coverage.


Click Image To View Full Size

Figure 1: Projects Location Map

The Winnipeg River Pegmatite Field is host to numerous Lithium-rich Pegmatites in addition to the world-class Tanco Pegmatite, a highly fractionated lithium-cesium-tantalum (LCT) type pegmatite that has been mined at the Tanco Mine as an underground operation since 1969 for Tantalum, Spodumene (a lithium mineral) and cesium (Cs).

Three of the five projects are drill ready:

Lithium Two Project

-Field work in 2016 confirmed that the Eagle and FD5 Pegmatites contained spodumene at surface

-Highest grade surface samples from the Eagle Pegmatite returned 3.04% Li2O and 2.08% Li2O from the FD5

-The Eagle Pegmatite is ~1100 meters in length and up to 12 meters wide

-Historic drilling from 1947 defined 545,000 tonnes of 1.4% Li2O, drilled to a depth of 60 meters (non-compliant 43-101)

-Pegmatite is open to depth

-Adjacent to Quantum Minerals Corp (TSX.V: QMC) Cat Lake Lithium Project (aka Irgon Lithium Mine)

-Several drill ready targets

Lithium One Project

-Field work in 2016 sampled several historical Pegmatites

-Highest grade surface assay results were 4.33% Li2O and 0.04% Ta2O5 from the Silverleaf Pegmatite

-Several of the other Pegmatites in the project area yielded Lithium values from Lepidolite and Spodumene

-Approximately 40 Pegmatites are estimated to exist north of Greer Lake with around 100 to the south of the lake

-The Silverleaf Pegmatite was excavated for Spodumene in the 1920’s, with surface exposure of 80 m X 45 m

-Several drill ready targets

Lithman West Project

-Historical rock and soil geochemical anomalies

-Anomalies have not been drill tested

-Drill ready

The Lithman West and East projects are adjacent to the Tanco Mine Mineral Leases.

The additional projects contained in this agreement, Lithman East (adjacent to Tanco) and Lithman North, represent prospective exploration areas that require additional ground work to determine drill targets.

About Azincourt Energy Corp

Azincourt Energy Corp. is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy/fuel projects, focusing on uranium, lithium, cobalt, and other critical energy & fuel elements.

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 Canada’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 91 million tonnes @ 0.58 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold.This equates to 3,942,910 PdEq ounces. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion. The company has recently completed a drill program on the Pine and T3 Zones.

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.

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 of Lithium Projects in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company’s Li division.

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.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

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.

 

Tags: , , , , , , ,
Posted in All Recent Posts, Featured, New Age Metals, Small and Micro-Cap Space | Comments Off on $NAM.ca New Age Metals Signs Letter of Intent to Option Five Lithium Projects in Southeast Manitoba to Azincourt Energy $WG $XTM.ca $WM.ca

#PGM Mineralization Continues to be Encountered in Drilling at the at the River Valley #Platinum Group Metals Project $NAM.ca

Posted by AGORACOM-JC at 10:36 AM on Wednesday, November 8th, 2017

New age large

  • Drilling continues to encounter PGM mineralization in the Pine Zone of the River Valley PGM Deposit
  • Borehole PL-17-08 intersects 14m of 2.01.g/t Pd+Pt+Au, including 4m at 2.98 g/t Pd+Pt+Au,
  • Drilling into the footwall to the east of the deposit will add to the resource calculation
  • Footwall PGM mineralization is a new and additional source of PGM mineralization to the resource model
  • Updated NI 43-101 resource calculation to commence upon the announcement of final assays.
  • River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred

Vancouver, Canada / November 8, 2017 – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce the third and final batch of drill hole results from the 2017 drilling campaign. Drilling was focused on the T3 Zone and Pine Zone as a follow up of the 2015 and 2016 drilling and IP geophysical work at the River Valley PGM Deposit.

Trevor Richardson, President/COO states “The purpose of the 2017 summer/fall exploration program was to focus on the footwall mineralization. The main River Valley PGM Deposit is a contact-style mineralization and this is where the bulk of the resource has previously been identified. The PGM mineralization found in the footwall is newly discovered mineralization and will add to the overall amount of PGM mineralization. This additional mineralization will be reflected in the new resource calculation/updated 43-101 for the River Valley PGM Deposit”.

Pine Zone Footwall Discovery Continues to Provide Positive Results

Present drilling into the footwall of the Dana North Zone area of the River Valley PGM Deposit has defined continuous PGM mineralization. To date PGM mineralization has been extended approximately 140 m eastward of the present known PGM mineralization. Past resource calculations of the Dana North Zone have been determined to be 24 million tonnes at 1.5 g/t PdEq. The recent footwall drilling will add to the resource calculation. Hole PZ-17-08 (figure 2) that is being reported in this release was drilled approximately 40 m to the east of the contact mineralization. It yielded 14 metres of 2.01 g/t Pd+Pt+Au and included 4 metres of 2.09 Pd+Pt+Au.

Review of the present drilling and past work is ongoing and will be used to generate a program of additional drilling for the T3 and Pine Zone in 2018. The new exploration model of footwall mineralization has yet to be tested further south of T3, between T3 and T9 (figure 1), and these targets equate to a small portion of the overall 16km of strike length of the main zone. These areas of potential PGM mineralization will be the focus of ongoing and future exploration of the deposit area.

Pine Zone

The Pine Zone was the first of numerous newly discovered PGM zones within the district-scale River Valley PGM Project. The Pine Zone is located east of the main River Valley Deposit in an area previously not known for mineralization. The 2016 drill program (figure 2) confirmed the higher-grade, near-surface PGM discovery made in the 2015 drill program (figure 2) and highlighted the continuity of the PGM mineralization into the footwall. The Pine Zone remains open along strike and at depth.


Click Image To View Full Size

Figure 1: Drill Hole Distribution Map

Drill results (Table 1) have confirmed continued PGM mineralization in the Pine Zone (footwall) of the main River Valley PGM Deposit. The area from the Pine Zone to T3 equates to approximately ~1000mofstrike length of new mineralization.

 


Click Image To View Full Size

Table 1: Drill Results from the Pine Zone

(3E = Au+Pt+Pd, N.S.A. = no significant assays)


Click Image To View Full Size

Figure 2: T3 Zone and Pine Zone Drill Map

A total of 15 holes were drilled as part of this drill campaign for a total of 4085m (13,402ft) of drilling. Further re-interpretation of the geology, geophysics, structure and PGM mineralization on the project are ongoing with the company’s geological and geophysical consultants. Drill widths are considered not true width due to the exploratory nature of the drill campaign.

Assay Procedures and QAQC

The drilling was undertaken by Jacob & Samuel Drilling Ltd. of Sudbury, Ontario under the supervision of a NAM geologist. The drill core samples were sent to the SGS Canada Inc. Laboratory in Lakefield, Ontario for sample preparation and assay analyses. The preparation involved crushing of 3kg of each sample to 90% passing 2mm, and then pulverizing 0.5kg to 85% passing 75um. Palladium, Platinum and Gold were assayed by fire assay with ICP-AES finish (GE-FAI313). Copper, Nickel and 32 additional metals were assayed by two acid digestion and ICP-OES finish (GE-ICP14B). Blanks and blind certified standard samples were submitted at regular intervals for assay with the core samples as part of NAM’s quality control program.

Future Activity

WSP Canada (News Release: Sept 7th, 2017) will be conducting the updated resource calculation and model for the River Valley PGM Deposit. This will incorporate the new findings and interpretations. The company plans to initialize a Preliminary Economic Assessment (PEA) Report in the future with WSP Canada. In-house recommendations will be compiled to delineate future work upon completion of the 2017 field program with future work on Pine Zone, T3, and new un-explored footwall targets.

Several 43-101 compliant resource estimates have previously been generated for the deposit through the development phases. The River Valley Deposit present resource, with approximately 3.9 PdEq ounces in Measured Plus Indicated mineral resources and near-surface mineralization covers over 16km of continuous strike length.

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 Canada’s largest primary undeveloped PGM deposit with Measured + Indicated resources of 91 million tonnes @ 0.58 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold. This equates to 3,942,910 PdEq ounces. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion. The company has recently completed a drill program on the Pine and T3 Zones.

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.

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 in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company’s Li division.

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.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

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”, “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: , , , , ,
Posted in All Recent Posts, New Age Metals | Comments Off on #PGM Mineralization Continues to be Encountered in Drilling at the at the River Valley #Platinum Group Metals Project $NAM.ca

« Older Entries
Newer Entries »