Page 32 geophysics identifed several other potential drill tar gets that adjoin exist ing mineralization When the New Age Metals proj ect goes to production River V alley would be the second palladium mine in all of Canada The other producer is North American Palladium near Thunder Bay A signifcant advantage to the project is the fact that it s within 100km of Sudbury s smelters a much shorter distance for New Age to ship its con centrates than North American Palla dium s 1000 km haul The price of Palladium the promi nent metal at River V alley is trading at 115000 USD November 22 2018 and during November reache d an all time high of 1 189USD Palladium is one of the rarest metals on eart h about 15 times more rare than platinum and 30 times more rare than gold It belongs to the platinum group of metals Now around 80 of the world s palla dium production originates from Rus sia and South Africa Russia alone ac counts for roughly half of the world s production which is estimat ed to be 200000 ounces per year This can cre ate cause for concern as any decrease in exports from these countries can contribute to volatility in palladium prices Current explora tion eforts at the proj ect include ground proofng eforts of multiple geophysical tar gets based on recommendations from the 2018 in terpretation of the Abitibi Geophysi cal study The objectives of the program are to fnd the surface extensions of the higher grade Pine Zone and to delin eate drill tar gets on new geophysical anomalies in the northern portion of the project Results will be used to help NAM s technical team design a 3phase drill program to be carried out in 2019 after the compl etion of the PEA But the quest for palladium and other PGM s is only part of New Age Met als mandate They are also actively searching for lithium another mineral that is in demand for the development of elec tric car batteries and ener gy storage New Age Metals is actively search ing for palladiu m to help reduce pol lution from gasoline engine cars but we are also keeping an eye to the fu ture growth of electric car vehicles Barr said T oday 80 percent of vehicles are gasoline powered W e potentially have the resources to provide miner als for both conventional cars or elec tric vehicles Barr said The Lithium Division Li has 8 Li Projects of which 3 are drill ready New Age Metals philosophy is to be a Project Generator Explorer and Proj ect Operator with the objective of OptioningJoint V enturing our Proj ects with Major and Junior Mining Companies through to Production The Lit hium One Project is in an his torically known pegmatite rich area The project contains several lepido lite and spodumene bearing lithium rich minerals pegmatites in southeast Manitoba The area was discovered in the 1920 s and was the frst spodu mene production in Canada Small tonnages of spodumene were hand mined during the late 1920 s from the Silverleaf Pegmatite Numerous peg matite bodies exist on the property with the most substantial pegmatite to date being the Silverleaf Pegma tite In 2016 the Company carried out a small ground proofng program to confrm the historic lithium assays of several of the pegmatite bodies as well as the lar ger pegmatitic granite Field surface sampling yielded assays for the Silverleaf Pegmatite up to 433 Li2O 208 Rb2O and 004 T a2O5 The Lit hium T wo Project is an histor ical known spodumene a lithium rich mineral bearing pegmatite de posit also in southeast Manitoba that was discovered and explored in the late 1940 s T wo main pegmatite bod ies exist on the property the Eagle and the FD No 5 Pegmatite In 2016 the company carri ed out a small ground proofng program to confrm the his toric lithium assays Field surface sampling yield ing assays for the Ea gle Pegmatite up to 244 Li2O and assays up to 304 Li2O for the FD No 5 Pegmatite Drill permit appli cations are currently being reviewed by the Manitoban Government for the Lithium One and Lithium T wo proj ects For more information on New Age Metals please visit httpsnew agemetalscom Contd from pg 30 New Age Metals philosophy is to be A Pr oject Generator