Page 30 Contd on pg 32 By Frank Giorno The demand for palladium has buoyed the hopes of New Age Metals an On tariobased mining company focus ing on green metals like palladium and lithium Palladium is used as a thin coating on ceramic flters inside of cataly tic con verters in automobile engines a mar ket that analysts expect to increase in the coming years as China strives to reduce smog causing emissions New Age Metals is fnanced for the projects frst economic study a pre liminary economic assessment PEA which is scheduled to be completed by the end of Q2 2019 From there the company plans to attract a fnan cial partner that is capable of funding the project through to production and begin mining east of Sudbury where it has a 16 kilometre deposit known as River V alley When you add all this up a produc tion decision could be two to three hundred million dollars and so that s why well need a capable partner sometime in the near future Harry Barr Chair and CEO of the company declared The River V all ey project is the lar gest undeveloped primary PGM deposit in North America with an updated mea sured and indicated resource of 329 million ounces of PGMs and Gold which is 46 million ounces of Palla dium equivalent This is accompanied by an inferred resource of 15 million ounces of PGMs and gold and 27 million ounces of palladium equiva lent This updated resource included the four kilometer River V alley Ex tension a new acquisition in 2016 which takes the entire property to 16 kilometres New Age Metals is perfectly situated to produce pall adium and other green metals said Harry Barr Close to the Sudbury refneries the River V alley project is just 100km east of Sudbury and its entire 16 kilo metres is mineralized he added In an interview with CBC News Har ry Barr said that recent exploration in the northern portion of the property has discovered the Pine Zone and new River V alley Pr oject the largest undeveloped primary PGM deposit in North America