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New Age Metals Engages DRA Americas Inc to Collaborate with P&E Mining Consultants Inc to Complete Preliminary Economic Assessment on the River Valley PGM Project
(via TheNewswire) 1. NAM's Platinum Group Metals (PGM) Division, more specifically ou...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Engages DRA Americas Inc to Collaborate with P&E Mining Consultants Inc to Complete Preliminary Economic Assessment on the River Valley PGM Project(via TheNewswire)\n \n \n\n\n1.NAM's Platinum Group Metals (PGM) Division, more specifically our River Valley PGM project in Sudbury, Ontario, is the largest undeveloped primary Platinum Group Metals Project in North America. Management is advancing the project towards its first economic study, a Preliminary Economic Assessment (PEA). \n\n\n\n2.NAM has commissioned P&E Mining Consultants Inc (P&E) to lead the PEA on the River Valley PGM Project. \n\n\n\n3.DRA Americas Inc (DRA) will be collaborating with P&E to complete the PEA, please refer to the news release dated July 25, 2018 to read further into NAM engaging P&E for the PEA. \n\n\n\n4.DRA will assess results from previous and ongoing mineralogical and metallurgical studies, which will help create a business model to determine an optimal processing route. \n\n\n\n5.DRA, a multidisciplinary global engineering group has engineered and built a large majority of the Platinum Group Metals (PGM) concentrators in the world. \n\n\n\n6.The objective of the PEA would be to create a mine plan, mine schedule, a capital cost estimate, and 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\n7.NAM plans to initiate a 4th phase diamond drilling program (see page 5 for further details) on the newly discovered high-grade Pine Zone to contribute to early PEA work, performed by P&E and DRA. \n\n\n\n8.The PEA is scheduled to be completed on or before the end of the first half of 2019; Geotechnical, metallurgical, mineralogical, and cost estimation work is ongoing, all of which will assist in the completion of the PEA. \n\n\n\n9.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\n10.Our proposed Corporate Mandate is to build a series of open pits (bulk mining) over the 16 kilometres of mineralization. Initially, we will focus on the northern portion of the project and our proposed plan is to mine, crush, and concentrate on site, then ship the concentrates to Sudbury. \n\n\n\n \n \nAugust 1, 2018 / TheNewsw...