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New Age Metals Engages P&E Mining Consultants Inc to Complete Preliminary Economic Assessment (PEA) Study on its 100% Owned River Valley Platinum Group Metals (PGM) Project, Sudbury Ontario
(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 P&E Mining Consultants Inc to Complete Preliminary Economic Assessment (PEA) Study on its 100% Owned River Valley Platinum Group Metals (PGM) Project, Sudbury Ontario(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 metal project in North America. Management has director approval to advance the project towards its first economic study, a Preliminary Economic Assessment (PEA). \n\n\n\n2. NAM has engaged P&E Mining Consultants Inc of Toronto Ontario to lead the PEA study on the River Valley PGM Project. \n\n\n\n3.The objectives of the PEA are to create a mine plan, mine schedule, a capital cost estimate, and an operating cost estimate incorporated into a financial model to provide total cash flow, after-tax net present value (NPV), and after tax internal rate of return (IRR). \n\n\n\n4.NAM plans to initiate a 4th phase diamond drilling program (see page 2 for further details) on the newly discovered high-grade Pine Zone to contribute to early PEA work, performed by P&E Mining Consultants Inc and a second international mining consultant group selected to assist on this study. \n\n\n\n5.The completion of 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\n6.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\n7.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. The objective of NAM before the May 2018 NI 43-101 updated Mineral Resource Estimate was to increase the Mineral Resource in the northern portion of the project which has traditionally been higher grade (Dana North/Dana South/Lismer North) to over 1Moz of PGMs. The discovery of the new higher-grade Pine Zone has added considerably to this area. The new NI 43-101 accomplished this goal. \n\n...