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New Age Metals Board Approves Preliminary Economic Assessment (PEA) River Valley Platinum Group Metals Project's First Economic Study
(via TheNewswire) May 23rd, 2018 / TheNewswire / Rockport, Canada - New Age Metals I...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Board Approves Preliminary Economic Assessment (PEA) River Valley Platinum Group Metals Project's First Economic Study(via TheNewswire)\n \n\n\n\n1.New Age Metal's (NAM) board gave the authority for management to complete the River Valley Projects first economic study, a Preliminary Economic Assessment (PEA), which is slated to be completed before the end of Q1 2019 \n\n\n\n2.The PEA will evaluate the Project at a high-level engineering and financial study. The mineralization will be interrogated with pit shell designs and mining schedule. The study would incorporate the latest information provided by the exploration programs as well as the metallurgical, geotechnical studies, and the new geophysics. The objective of the PEA would be a mine plan, mine schedule, a capital cost estimate, operating cost estimate incorporated into a financial model to provide total cash flow, net present value (NPV), and internal rate of return (IRR). \n\n\n\n3.River Valley is the largest undeveloped primary PGM resource in North America, with 4.6Moz PdEq in Measured Plus Indicated including an additional 2.7Moz PdEq in Inferred. The River Valley PGM Project has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New Age Metals. \n\n\n\n4.OPT-IN LIST: If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here. \n\n\n\n\n\n \nMay 23rd, 2018 / TheNewswire / Rockport, Canada - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that the directors of the company have approved the request, from management, that NAM would like to complete a Preliminary Economic Assessment (PEA), on the 100% owned River Valley Platinum Group Metals (PGM) Project. Located approximately 100 km from the world famous Sudbury Metallurgical Complex, the River Valley Project is the largest undeveloped primary PGM resource in Canada. View our Corporate Video here.\n\n\n \nThe PEA will evaluate the Project at a high-level engineering and financial study. The mineralization will be interrogated with pit shell designs and mining schedule. The study would incorporate the latest information provided by the exploration programs as well as the metallurgical, geotechnical studies, and the new geo...