New Age Metals
TSXV:NAM
Developing PMG and Lithium Properties in Canada
Developing PMG and Lithium Properties in Canada
New Age Metals Inc. (TSXV:NAM; OTCQB:NMTLF; FSE:P7J.F) is a green metals exploration company with two mineral divisions. Their Platinum Group Metal (PGM) Division is currently developing its flagship 100% owned River Valley PGM project in the Sudbury mining district of Ontario, Canada.
The River Valley project is the largest undeveloped primary PGM deposit in North America. In January 2019, an updated NI-43 101 calculation stated pit-constrained measured and indicated resources of 2.37 million ounces of PGMs and gold which is 2.86 million ounces of palladium equivalent. This is complimented by an inferred resource of 0.84 million ounces of PGMs and gold and 1.05 million ounces of palladium equivalent. This updated resource included a four-kilometer extension to the previous mineralized zone, which was acquired in the 2016 and now called the River Valley Extension.
The most predominant of the payable metals on the project is palladium, which as of September 24, 2018 was trading at $1066 (USD) per oz, approximately $1375 (CAD). River Valley is also host to deposits of platinum, gold, cobalt, copper and nickel.
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