New Age Metals Inc.
New Age Metals is a mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The Company has two divisions; a Platinum Group Metals (PGM) division and a Lithium/Rare Element division. The Company is developing its flagship River Valley Palladium Project near Sudbury, Ontario, one of the largest undeveloped primary palladium projects in North America.
The Company is actively seeking an option/joint venture partner for its Genesis PGM-Cu-Ni project in Alaska and for all or part of its lithium division in Manitoba.
River Valley Palladium Project, Ontario, Canada
Pre-Feasibility Study Objectives
PGM Exploration Targets
Genesis PGM-Cu-Ni Project, Alaska
Lithium Projects, Manitoba, Canada
Lithium One Project (2,294 ha, drill-ready)
Lithium Two Project (145.4 ha, drill-ready)
Lithman West Project (1,016 ha, drill-ready)
Management and Directors
Harry Barr, Chairman & CEO
Founder, Chairman and CEO of International Metals Group
Over 35 years of experience in the mining industry, focus on acquisition, finance and development of mineral projects on international scale
Oversaw over 300 option/joint venture agreements with major, mid-tier, and junior mining companies
Robert Guanzon, CFO
Has been in the field of accounting for more than 25 years.
Charlotte Brown, Corporate Secretary
An administrator with over 15 years of experience.
Cody Hunt, Vice President of Business Development
Has worked for New Age since 2018 in Business Development and has been actively involved in identifying, establishing and developing strategic relationships and has participated in the development and execution of the company's business planning and strategy.
Colin Bird, Director
Over 35 years of international experience in developing, financing, operating and managing nickel, copper, gold and coal mines
Chris Berlet, Director
30 years of experience in both finance and the mineral industries
John Londry, Director
40 years of experience in both the finance and mineral industries
Ron Hieber, Director
Internationally recognized expert in Platinum Group Metals
Advisors & Technical Tem
Gordon Chunnet, B.Sc., PGM Specialist, Advisor
Bill Stone, Ph.D, P.Geo., Consulting Geoscientist, PGM Specialist
Carey Galeschuk, P.Geo., Consulting Geoscientist; Lithium, Rare Metals Specialist
Richard Zemoroz, Project Geologist
Curt Freeman, Consulting Geologist
Ali Hassanalizadeh, M.Sc., P.Geo., MBA, Advisory Board, Consulting Geologist
On October 18, 2021, New Age Metals Inc. announced that the maiden drill program on its Lithium Two project that is part of its Manitoba lithium division has commenced. The Company plans to drill a minimum of 1,500 metres. The program is going to consist of drilling 8 shallow holes to a maximum depth of 200 metres below surface.
A minimum 1,500-metre maiden drill program at the Company's Lithium Two Project has commenced.
On October 05, 2021, New Age Metals Inc. announced that the release of an independent National Instrument 43-101 (“NI 43-101”) updated Mineral Resource Estimate for its 100% owned River Valley Palladium Project (“River Valley” or the “Project”) near Sudbury, Ontario.
Harry Barr, Chairman and CEO of NAM, said, “We are very pleased to substantially improve on the previous Mineral Resource Estimates completed for the River Valley Palladium Project. At a CDN$15/t NSR cut-off, Pd+Pt+Au grades and total Measured and Indicated Mineral Resources increased compared to the previous updated 2019 Mineral Resource Estimate. The presence of higher-grade mineralization for many kilometres of strike-length at River Valley at a wide range of cut-offs, within 100 km of the Sudbury mining and processing hub ( see Figure 1 ), bodes well for the ongoing Pre-Feasibility Study . In order to better highlight the potential for economic mining at River Valley, we graduated from a palladium metal grade equivalency used in the 2019 Preliminary Economic Assessment to an NSR-based model in the 2021 updated Mineral Resource Estimate. An advantage of this change is that NSR less the cut-off NSR better showcases the potential positive economics of the River Valley Project. The predominant contribution of palladium to the NSR clearly demonstrates that River Valley is a true PGM deposit, which is very rare outside of southern Africa . In addition, ongoing and future exploration programs will target zones for converting Inferred to Indicated Mineral Resources and new zones nearby with potential to expand the Mineral Resources.”
On July 13, 2021, New Age Metals Inc. has provided an update on the continuing environmental baseline and archeological studies at its River Valley palladium project in Ontario. Baseline studies are under way in the following areas: archeology, surface water quality, hydrology, and the aquatic and terrestrial environments.
Harry Barr, Chairman and CEO of New Age Metals commented, “We are pleased with the progress to date on our environmental baseline work at River Valley. By being proactive at this early point in the Project lifecycle, we will be more confident in our ability to execute future permitting efforts more efficiently. We have been fortunate to collaborate with our local First Nations partners throughout these baseline programs, in order to ensure that we are operating responsibly and transparently through this important stage of the Project's development.”
On July 6, 2021, New Age Metals Inc. announced that it has started an induced polarization (IP) geophysical survey over the Banshee zone of its River Valley palladium project in Ontario.
The Banshee zone is located between the core Dana zones to the north and the Lismer zones to the east and south, which collectively are the focus of the continuing pre-feasibility study of the River Valley project. Due to its central location, Banshee could therefore be of strategic importance to any potential future mining-processing operation at the project.
On June 10, 2021, New Age Metals provided update on rhodium assay and metallurgical drilling programs at River Valley Palladium Project in Ontario.
In phase 2 (the current phase), rhodium (Rh) data will be generated for the Lismer north zone. To this end, samples from eight mineralized intervals in four diamond drill cores on a key cross-section have been selected for Rh assay analysis. The historical drill cores have been sampled and the 189 samples (plus blind quality control) delivered to Geo Labs in Sudbury for preparation and high-sensitivity assay analysis. Assay results are expected in September.
At this point, metallurgical hole DN-21-01m has been completed on the Dana north zone and hole DS-21-01m is drilling on the Dana south zone. Metallurgical holes LN-21-01m and LR-21-01m will be drilled on the Lismer north zone and the Lismer ridge zone, respectively. The samples will be sent to SGS for assay, compositing and metallurgical studies and to Geo Labs for Rh assay analysis.