Business
NAM Delivers New Positive Preliminary Economic Assessment of its River Valley Palladium Project
(TheNewswire) August 11, 2023 - TheNewswire - Rockport, Canada - New Age Metals...
About this update from New Age Metals Inc
[{"type":"text","content":"NAM Delivers New Positive Preliminary Economic Assessment of its River Valley Palladium Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n August 11, 2023\n \n \n -\n \n \n TheNewswire -\n \n \n Rockport,\nCanada - New Age Metals Inc. (NAM) (TSXV:NAM\n \n \n )\n \n \n ;\n \n \n (\n \n \n OTC:NMTLF\n \n \n )\n \n \n ;\n \n \n (\n \n \n FSE:P7J) (“NAM” or\nthe “Company” is pleased to announce the filing of a new, positive\nNational Instrument 43-101 Preliminary Economic Assessment (“PEA”)\nTechnical Report (“the Report”) on SEDAR for its 100%-owned River\nValley Palladium Project, 60 km east-northeast of Sudbury, Ontario.\nThe results of the PEA were previously announced in a Company press\nrelease dated June 29, 2023. This is NAM’s second PEA completed on\nRiver Valley (see Company press release dated June 27, 2019). The\neffective date of this new Report is June 29, 2023.\n \n \n \n \n New PEA Highlights\n \n \n \n \n \n \n Pre-Tax NPV(5%):\n \n \n $296M;\n \n \n After-Tax:\n \n \n $140M\n \n \n \n \n \n \n Pre-Tax IRR:\n \n \n 16%;\n \n \n After-tax IRR:\n \n \n 11%\n \n \n \n \n \n \n Annual Production:\n \n \n 2.5 Mt of potential process plant feed at an average grade of\n1.19 g/t PdEq and process recovery of 71.5%, resulting in an average\nannual payable Pd production of 47,400 oz.\n \n \n \n \n \n \n Total Tonnes Processed over Life of\nMine:\n \n \n 38.6 Mt/16 years\n \n \n \n \n \n \n Pre-production Capital Requirement:\n \n \n $269M\n \n \n \n \n \n \n Average Unit Operating Cost:\n \n \n $30.98/t\n \n \n \n \n \n \n Assumed US$ Metal Prices:\n \n \n $2,150/oz Pd, $1,050/oz Pt, $1,830/oz Au,\n$4.00/lb Cu\n \n \n \n \n \n \n River Valley Process Plant\nFeed:\n \n \n Treated in an on-site conventional\nsulphide flotation plant to produce a saleable PGM-enriched Cu\nconcentrate for transport off-site for smelting and refining\n \n \n \n \n \n \n Project Enhancement\nOpportunities:\n \n \n Increased metal recoveries and\nexpanded Mineral Resources\n \n \n \n \n \n \n \n Harry Barr,\n \n \n NAM Chairman & CEO, stated:\n“We are pleased to file the Report for the River Valley 2023 PEA,\nwhich shows positive results with an after-tax NPV(5%) of $140 M CAD\nand IRR of 1...