Business
NAM Initiates Pre-Feasibility Study for the River Valley Palladium Project, Sudbury
(TheNewswire) April 12, 2021 – TheNewswire - R...
About this update from New Age Metals Inc
[{"type":"text","content":"NAM Initiates Pre-Feasibility Study for the River Valley Palladium Project, Sudbury\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 April 12, 2021 –\n \n \n TheNewswire -\n \n \n Rockport, Ontario\n \n \n -\nNew Age Metals Inc.\n \n \n (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.F)\n \n \n (“NAM” or “Company”) is pleased to announce\nagreements with leading engineering firms to complete a\nPre-Feasibility Study of its 100% owned River Valley Palladium Project\nnear Sudbury, Ontario (Canada).\n \n \n The Pre-Feasibility Study will be undertaken over the next 8 to 12\nmonths, with completion slated for early 2022\n \n \n .\n \n \n \n \n The Pre-Feasibility Study will be completed by four\nengineering firms: P&E Mining Consultants Inc. for Initial Mineral\nReserve estimation, mine planning, economic analysis and Project Lead;\nSGS Canada Inc. and D.E.N.M. Engineering Ltd. for mineral processing\nand metallurgical test work; Knight-Piésold Consulting for design of\nthe tailings facility and open pit geotechnical engineering; and Story\nEnvironmental for environmental and community impact interactions and\npermitting. P&E Mining Consultants Inc. will be updating the\nMineral Resource Estimate and leading the preparation of the\nPre-Feasibility Study NI 43-101 Technical Report.\n \n \n \n \n Harry Barr, Chairman and CEO, said, “\n \n \n We are extremely pleased to have assembled\nsuch an impressive team for our Pre-Feasibility Study\n \n \n . These firms will work together with NAM to optimize the\nvalue of the River Valley Palladium Project, by maximizing the\neconomic aspects while minimizing the environmental impacts and\nbenefitting the local communities.\n \n \n The River Valley Project will be very\nwell-timed for the green metal revolution\n \n \n .”\n \n \n \n \n Work for the Pre-Feasibility Study is planned to\ncommence this month. Four new holes will be drilled by NAM to recover\nfresh material for new mineral processing and metallurgical testwork.\n \n \n The SGS Canada Inc. and\nD.E.N.M team will work on the material to optimize recovery of\npalladium, platinum, gold, copper, nickel, rhodium and\ncobalt\n \n \n . This work will build on previous studies\nby SGS Lakefi...