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New Age Metals Delivers New Positive Preliminary Economic Assessment of the River Valley Palladium Project
(TheNewswire) June 29 th , 2023 - TheNewswire - Rockport, Canada - New ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Delivers New Positive Preliminary Economic Assessment of the 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 June 29\n \n \n th\n \n \n , 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 positive results of a new\nindependent Preliminary Economic Assessment (“PEA”) prepared in\naccordance with NI 43-101 for the River Valley Project, a wholly-owned\npalladium-platinum-copper deposit located 60 km east-northeast (100\nroad km) of Sudbury, Ontario. This new PEA was developed by a group of\nindependent consultants; namely P&E Mining Consultants Inc.\n(mining, scheduling, project economics); D.E.N.M. Engineering Ltd.\n(mineral processing and metallurgy); Knight Piésold Ltd. (tailings\nfacility, water management, and rock mechanics); and Story\nEnvironmental (environment and community). The Mineral Resource\nEstimate upon which this new PEA is based was done by P&E in\n2021.\n \n \n \n \n PEA Highlights\n \n \n \n \n \n \n Pre-Tax NPV(5%):\n \n \n $289M;\n \n \n After-Tax:\n \n \n $135M\n \n \n \n \n \n \n Pre-Tax IRR:\n \n \n 16%;\n \n \n Post-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 $268.7M\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 Metal Prices:\n \n \n US$2,150/oz Pd, US$1,050/oz Pt, US$1,830/oz Au, US$4.00/lb\nCu\n \n \n \n \n \n \n River Valley Process\nFeed:\n \n \n Treated in an on-site conventional\nsulphide flotation plant to produce a saleable PGM-enriched Cu\nconcentrate to be transported off-site for smelting and\nrefining.\n \n \n \n \n \n \n Project Enhancement\nOpportunities:\n \n \n Increased metal recoveries and\nexpanded Mineral Resources\n ...