58 58 Page 58 New Age Metals pursue PGMs at fagship River V alley Site The New Age Metals Inc a green metals explora tion company in the Sudbury area is confdent about the prospects for developing its fagship River V alley site which is showing great promise for PGMs The River V alley 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 equivalen t This is accompanied by an inferred resource of 15 million ounces of PGMs and gold and 27 mil lion ounces of palladium equivalent This updated resource included the four kilometer River V alley Exten sion a new acquisition in 2016 which takes the entire property to 16 kilome tres New Age Metals is working to com plete its Preliminary Economic As sessment PEA of the River V alley PGM project It has hired PE Min ing Consultants and DRA Americas to produce the report The study will evaluate the economic viability of the project and include fnancial param eters The whollyowned River V alley proj ect covers 53811 hectares of mining leases and is in Northern Ontario 100 kilometers east of Sudbury Situated within the renowned nickelcopper PGM mining jurisdiction The company s senior management consists of Harry Barr who is the Chair and CEO Barr has over 30 years of experience founding Freegold V en tures Ltd Canalaska Uranium Ltd and New Age Metals The 2018 drill plan is in progress metallur gical and mineralogi cal stud ies are underway a complete evalua tion of all of our previous geophysical studies is in progress The PEA is ex pected to be completed by the frst half of 2019 Michael Neumann is the Lead Director of NAM and heads up the River V al ley Project He brings signifcant ex perience in the mining arena Mr Neu mann is a Mining Engineer a member of the Canadian Institute of Mining the International Society of Rock Mechan ics and the Association of Professional Engineers of Ontario The primary focus of New Age Metals is palladium and platinum used in the manufacturing of catalytic converters in vehicles Between 2016 and 2017 the price for palladium saw an increase of 563 percent maintaining its posi tion as the best performing commod ity in the last ten years According to SF A Oxford despite a limite d supply the demand for palladium will con tinue to grow moving from 71 million ounces in 2013 to 101 millio n ounces by 2025 Platinum the company s sec ondary metal has also seen a rise in prices coming of its bottom price in late 2017 PGMs are classifed as rare precious metals which include palladium plati num rhodium ruthenium iridium and osmium Used in a variety of diferent applications the primary use for PGMs is in catalytic converters which con vert harmful gases produced by hydro carbon emissions in vehicles into less harmful substances In fact 80 percent of produced PGMs are used in cata lytic converters each of which contain between 30 grams to 70 grams of PGM s depending on the vehicle size and manufacturer As the number of vehicles increase around the world while more and more governments impose mandate s regard ing reductions in vehicular pollution the demand for catalytic converters and for the metals required to devel op them is growing continua lly The automobile industry is also facing a rise in demand for electric vehicles W ithin this transition of the market catalytic converters will still play a relevant role as they will be necessary for any form of hybrid vehicle New Age Metals also is exploring for Lithium a metal that is vital for the electric vehicle battery development The company is the lar gest claim holder in the W innipeg River Pegma tite Field New Age Metals has plans to Acquire and develop the lar gest group of Li Rare Metals projects in the W inni peg River Pegmatite District spread risk and reduce corporate dilution by working with capable funding part ners for the Lithium and Rare Metals Division develop one or more multi million ton plus deposits complete 43101 and complete PEAfeasibility build or buy a Central Mill to mine its Lithium and Rare Metals ore and or Custom Mill other Deposits in the W innipeg River Pegmatite district For those who want to fnd out more about New Age Metals the company is holding an early morning tour of the River V alley site W ednesday Sep tember 12th followed that evening by a town hall presentation 630800 PM Seating is lim ited for the site tour please reserve your place by contact ing Paul Poggione Corporate De velopment by phone 613 659 2773 or by email at PaulPNewAgeMet alscom or Anthony Ghitter Busi ness Developm ent at AnthonyG NewAgeMetalscom or Cody Hunt Business Development by email at CodyHNewAgeMetalscom Page 59 Page 59