New Age Metals Inc · TSXV:NAM
New Age Metals — Investor Presentation (2025)
46 slides from New Age Metals's investor presentation, 2025
Slide 1: Diversified Green Metal Exploration & Development
DIVERSIFIED GREEN METAL EXPLORATION & DEVELOPMENT Q2 2025 Au-Sb Li PGM
Slide 2: Disclaimers
DISCLAIMERS SAFE HARBOUR STATEMENT FORWARD-LOOKING STATEMENTS This report includes forward-looking statements covered by the Private Securities Certain information presented, including discussions of future plans and operations, Litigation Reform Act of 1995. Because such statements deal with future
Slide 3: Why New Age Metals?
WHY NEW AGE METALS? Diversified green commodity portfolio (Gold-Antimony, Li, and PGM) • Greenfields exploration on new Gold-Antimony critical metal properties in Newfoundland. • Partnership with one of top 5 global lithium producers, Mineral Resources Limited (MRL), to explore and develop NAM’s Lit
Slide 4: Diversified Portfolio, Critical Metal Focus
DIVERSIFIED PORTFOLIO, CRITICAL METAL FOCUS PLATINUM GROUP METALS DIVISION RIVER VALLEY PALLADIUM PROJECT ONTARIO, CAN GENESIS PGM-COPPER- NICKEL PROJECT ALASKA, USA LITHIUM DIVISION LITHIUM AND RARE ELEMENT PROJECTS MANITOBA, CAN GOLD-ANTIMONY DIVISION AU-SB (AG-CU-ZN-PB) NEWFOUNDLAND AND LABRADOR,
Slide 5: Corporate Overview
CORPORATE OVERVIEW CAPITAL STRUCTURE SHAREHOLDERS 55,559,259 ISSUED & OUTSTANDING 23.2% ERIC SPROTT 1,208,333 OPTIONS 6% MANAGEMENT 61.8% 9% 5,246,606 WARRANTS 1 INSTITUTIONAL 62,014,199 FULLY DILUTED RETAIL 3 APPROX. $7M MARKET CAP (CAD) CASH POSITION $0.12 SHARE PRICE 2 MARCH 2025 APPROX. $3,000,0
Slide 6: Board of Directors
BOARD OF DIRECTORS HARRY BARR COLIN BIRD CHRIS BERLET CHAIRMAN & CEO DIRECTOR DIRECTOR Founder, Chairman and CEO of International Metals Group 30+ years of international experience in developing, Currently serving as the President & CEO, Director of Canuc financing, operating and managing nickel, co
Slide 7: New Age Leadership
NEW AGE LEADERSHIP HARRY BARR CHAIRMAN & CEO ROBERT GUANZON WILLIAM STONE, Ph.D., P. Geo. CFO LEAD CONSULTING GEOSCIENTIST, PGM, NI-CU AND AU SPECIALIST AND ANTIMONY ENTHUSIAST CHARLOTTE BROWN MAX KACZMER - Axiom Exploration. CORPORATE SECRETARY CONSULTING GEOSCIENTIST; LITHIUM, RARE METALS SPECIALI
Slide 8: Community Engagement
COMMUNITY ENGAGEMENT ABORIGINAL COMMUNITY RELATIONS NAM has established strong relationships with aboriginal communities in Ontario and Manitoba. EXPLORATION AGREEMENTS NAM has long-standing agreements with the Temagami First Nation (2014) and the Nipissing First Nation (2022) in Ontario and the Sag
Slide 9: Gold-Antimony Division
Gold-Antimony DIVISION Newfoundland NAM‘s Newfoundland Gold-Antimony Properties and Adjacent Projects owned by New Found Gold and Canstar Resources
Slide 10: Highlights
Highlights • Land Holdings: NAM recently map-staked 765 mineral claims totalling 19,125 ha (47,266 acres) of crown land in Newfoundland and Labrador; • Location: The newly staked claims are adjacent to and along strike of the Swanger Cove Au-Sb Target and Le Pouvoir Au-Sb Showing in south-central Ne
Slide 11: St Alban's Area Au-Sb Properties I
St Alban’s Area Au-Sb Properties I Swanger’s Cove Area: Citadel, Fort, Redoubt Properties: o 151 claims (6,275 ha) staked around and along strike of the Swanger’s Cove Au-Sb Target (Canstar Resources Inc.); o The Citadel Property fills gaps between Canstar’s Swanger’s Cove Prospect and Antimony Ridg
Slide 12: St Albans Area Au-Sb Properties II
St Albans Area Au-Sb Properties II Le Pouvoir Area: Bastion and Rampart Properties: o 323 claims (8,075 ha) staked adjacent to and along strike of the Le Pouvoir Au-Sb Showing; o The Bastion and Rampart Properties cover major crustal-scale fault structures (Day Cove Thrust), known to control high-gr
Slide 13: Gander Area Au-Sb Properties
Gander Area Au-Sb Properties 90 km north, near Gander, NAM staked 191 claims covering 4,775 ha in 3 properties along the SW extension of the Beaver Brook Mine trend and near the Queensway South Project: • Beaver Brook Mine was Canada’s only primary antimony producer, with a historical resource of 2.
Slide 14: Gander Area Au-Sb Properties - Zoom
Gander Area Au-Sb Properties - Zoom Sentinel: 149 claims for 3,725 ha in a single contiguous property; located 10 km SW on trend from the Beaver Brook Mine; and 5 km west of the Queensway South Gold Project; and targets extensions of high-grade Sb (Au) mineralization. Palisade: 13 claims covering 32
Slide 15: Adjacent Projects – New Found Gold
Adjacent Projects – New Found Gold Proximity: NAM’s Properties occur near Newfoundland Gold-Antimony Properties New Found Gold’s Queensway Projects, located in the Central Newfoundland Gold Belt. 2025 INITIAL MINERAL RESOURCE ESTIMATE4,5 • Indicated: 18.0 Mt @ 2.40 g/t for 1.39 Moz Au • Inferred: 10
Slide 16: NFLD Au-Sb Go-Forward Plan
NFLD Au-Sb Go-Forward Plan • The addition of these 8 highly prospective properties to NAM’s exploration portfolio presents a significant opportunity for Au-Sb discoveries. • The Company’s technical team are actively compiling and interpreting data to define high-priority target areas, with field exp
Slide 17: Lithium Division
LITHIUM DIVISION Li SPODUMENE-LEPIDOLITE SURFACE MINERALIZATION AT LITHIUM ONE PROJECT
Slide 18: Spodumene Superiority
SPODUMENE SUPERIORITY BRINE VERSUS SPODUMENE COST COMPARISON 1 LiOH CATHODE BATTERIES HAVE BETTER ENERGY DENSITY, LIFE CYCLE AND SAFETY $8,000 SPODUMENE IS PREFERRED FEEDSTOCK FOR ELECTRIC VEHICLE MANUFACTURERS $6,000 SPODUMENE IS A LOWER COST SOURCE $2,000 FOR LITHIUM HYDROXIDE VS. BRINE $4,000 $2,
Slide 19: Lithium Hydroxide Demand
LITHIUM HYDROXIDE DEMAND LITHIUM DEMAND BY TYPE 1 (M TONNES/Y LCE 2) 6 LITHIUM HYDROXIDE REQUIRED IN HIGH- 5 NICKEL MATERIALS FOR LONG-RANGE EVs 4 21% PROJECTED COMPOUND ANNUAL 3 GROWTH IN LiOH DEMAND 2 LiOH SHORTAGES EXPECTED BY 2025 1 0 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 Lithiu
Slide 20: NAM Lithium Projects
NAM LITHIUM PROJECTS 12 100%-OWNED PROJECTS, 3 DRILL- READY LARGEST REGIONAL CLAIM HOLDER: 21,611 HECTARES IN SOUTHEASTERN MANITOBA. TOTAL HOLDING 74,448 HECTARES JOINT VENTURE WITH MINERAL RESOURCES LTD Q2 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 20
Slide 21: New Age Metals – Mineral Resources Limited Joint Venture Agreement
New Age Metals – Mineral Resources Limited Joint Venture Agreement • NAM has entered into a binding term sheet with Australian lithium and iron ore producer, Mineral Resources Limited (MRL) in 2021. • MRL has the right to acquire an initial 51% interest by completing C$4,000,000 of exploration activ
Slide 22: Drill-Ready Lithium Projects
DRILL-READY LITHIUM PROJECTS LITHIUM TWO – HISTORICAL RESOURCE OF 544,000 TONNES AT 1.4% Li2O1. 3 KNOWN PEGMATITES. FLOWN WITH DRONE GEOPHYSICS IN 2021. MAIDEN DRILL PROGRAM COMPLETED IN OCTOBER 2021. SEE COMPANY PRESS RELEASE DATED 30 MARCH 2022 FOR DRILL RESULTS. LITHMAN WEST – FLOWN WITH DRONE GE
Slide 23: Manitoba Exploration Program
MANITOBA EXPLORATION Program • Objective: The main objective is to define and prioritize drill targets and bring additional projects to a drill ready stage in an effort to establish an economically exploitable lithium deposit in close proximity to Tanco Mine. • Mapping: Complete updated property bed
Slide 24: Platinum Group Metals Division
Areal View of Dana North Outcrops and Access Road– View Looking westwards PLATINUM GROUP METALS DIVISION Pd Pt Rh
Slide 25: Palladium (Pd) Market
PALLADIUM (Pd) MARKET Pd in supply deficit since 2012 Auto industry demand ~85%. Temporary auto chip shortage2 and increasing EV sales decreasing demand for Pd In 2024, Pd price movement limited to between US$900 and US$1000/oz gold More emissions legislation gives favourable outlook Russia accounts
Slide 26: The Future Hydrogen Economy
The Future Hydrogen Economy Future driver for higher PGM prices WPIC 2023 26 Q2 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2
Slide 27: River Valley Palladium Project
RIVER VALLEY PALLADIUM PROJECT Located 100 road-km from Sudbury, Ontario Long-established, world- class Ni-Cu (PGM) mining district Major mineral processing & metal recovery facilities Q2 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 27
Slide 28: River Valley Project Overview
RIVER VALLEY PROJECT OVERVIEW FACTS1 Primary Metals: Pd, Pt, Cu (Primary PGM Deposit) Project Stage: PEA completed summer 2023 Location: near City of Sudbury, Ontario River Valley Project (M&I: 89 Mt @ $47.3/t NSR Mineral 2.25 Moz Pd+Pt+Au (M+I) & 1.7 Moz (Inf.) Inferred: 93 Mt @ $31.1/t NSR) Resour
Slide 29: 2021 Updated Mineral Resource Estimate Summary
2021 UPDATED MINERAL RESOURCE ESTIMATE SUMMARY Pd PALLADIUM Pt PLATINUM Rh RHODIUM Cu COPPER Au GOLD AgSilver 1,568,300 oz 606,400 oz 53,800 oz 114.7 Mlbs 106,700 oz 759,800 oz PALLADIUM M+I 1 PLATINUM M+I RHODIUM M+I COPPER M+I GOLD M+I SILVER M+I 1,073,700 oz 480,600 oz 43,700 oz 88.1 Mlbs 94,200
Slide 30: 2023 Preliminary Economic Assessment
2023 PRELIMINARY ECONOMIC ASSESSMENT • Pre-Tax NPV(5%): $296M; After-Tax: $140M • Pre-Tax IRR: 16%; After-tax IRR: 11% • Annual Production: 2.5 Mt of potential process plant feed at an average grade of 1.19 g/t PdEq and process recovery of 71.5%, resulting in an average annual payable Pd production
Slide 31: 2023 PEA Results
2023 PEA Results Financial Metrics • Pre-Tax NPV(5%): $296M; After-Tax: $140M • Pre-Tax IRR: 16%; After-Tax IRR: 11% • Pre-Production CAPEX: $269M • Average Unit OPEX: $31/t (value = $71.4/t NSR) • Metal Prices: $2,150/oz Pd, $1,050/oz Pt, $4/lb Cu Physical Metrics Operating Margin • Annual Producti
Slide 32: New PEA: Site Plan
New PEA: Site Plan 2023 Project Components • 5 OP Mines • 2 UG Mines • 3 Waste Rock Piles • 1 Overburden Pile • 1 Stockpile • 1 Tailings Facility • 1 Processing Plant Compared to 2019 PEA • Smaller operation • Lower CAPEX • Reduced environmental footprint Q2 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQ
Slide 33: River Valley Project Go-Forward Plan
RIVER VALLEY PROJECT GO-FORWARD PLAN • Follow-up on PEA recommendations for permitting and Feasibility-level studies • Continue PLATSOL studies to improve recovery of PGMs and copper • Continue community consultations and engagements and expand environmental baseline studies • Complete planned geoph
Slide 34: Project Value Enhancement Opportunities
PROJECT VALUE ENHANCEMENT OPPORTUNITIES 1. Improve Metals Recoveries 2. Increase Mineral Resources 3. Continue Environmental Studies Q2 2025 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 34
Slide 35: 1. Improve Metal Recoveries
1. IMPROVE METAL RECOVERIES Sulphide Flotation Recoveries at RVP • 71% Pd, 57% Pt, 86% Cu • Bulk Cu Concentrate: >100 g/t Pd + Pt; 13% Cu • Viewed by smelters as a low-value product PLATSOL • High-pressure high-temperature acid leach and solvent extraction technique • Optimized for PGM recovery from
Slide 36: PLATSOL: What is it?
PLATSOL : What is it? Source: SGS Mineral Services. 2022. PLATSOL process provides a viable alternative to smelting. Technical Services Paper 2002-01. 5 pages. Conceptual flowsheet for gold, PGM and base metal Conceptual Plant (Outotec) recovery from sulphide concentrate. 36 Q2 2025 NEWAGEMETALS.COM
Slide 37: 2. Increase Mineral Resources
2. Increase Mineral Resources Goals • Double size of higher-grade Measured & Indicated Mineral Resources; and • Build-up Mineral Resources for UG mining RVP 2023 PEA Priority Drill Targets • Dana South Zone • Lismer North Zone • Varley Zone (south part) When • Subject to financing Dana South UG exte
Slide 38: PGM Exploration Targets
PGM EXPLORATION TARGETS Many IP anomalies similar to Pine Zone extend N to NE from footwall contact of the River Valley Intrusion Palladium targets located adjacent to existing Mineral Resources (zones) and potential open pit locations Pd Most have not been drill tested Possible magmatic feeder zone
Slide 39: 3. Continue Environmental Studies
3. Continue Environmental Studies • Purpose: For future permitting Hydrology & Water Monitoring Studies • Story Environmental • First Nations Next Steps • Fund and Execute 2025-2026 Programs • Including IP geophysical surveys and advanced metallurgical studies PLATSOL • Environmental considerations
Slide 40: Genesis PGM-Cu-Ni Property
GENESIS PGM-Cu-Ni PROPERTY 100% OWNED 3 KM FROM HIGHWAY & ELECTRIC TRANSMISSION LINE KNOWN PGM-Cu-Ni MINERALIZATION COVERS 9 KM, BASED ON FALL 2021 SURFACE SAMPLING AND MAPPING PROGRAM SEEKING EXPLORATION AND DEVELOPMENT OPTION/JV PARTNER DRILL-READY PGM-Cu-Ni REEF-TYPE TARGET: 2.4 G/T PD, 2.4 G/T P
Slide 41: Why New Age Metals?
WHY NEW AGE METALS? Diversified green commodity portfolio (Gold-Antimony, Li and PGM) • Greenfields exploration on new Gold-Antimony critical metal properties in Newfoundland. • Partnership with one of top 5 global lithium producers, Mineral Resources Limited (MRL), to explore and develop NAM’s Lith
Slide 42: Thank You
THANK YOU FOR MORE INFORMATION CONTACT US AT : 1-613-659-2773 info@newagemetals.com SIGN UP TO RECEIVE COMPANY UPDATES : https://newagemetals.com /join Icon A cloud in the sky Icon Icon Icon Description automatically generated Description automatically generated with medium Description automatically
Slide 43: Appendix
APPENDIX 2024 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 43
Slide 44: Mineral Resource Estimates 2021
MINERAL RESOURCE ESTIMATES 2021 NOTES Pit Constrained Cut-off = CDN$15/t NSR and Out-Of-Pit = CDN$50/t NSR Cut-offs 1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 2. The estimate of Mineral Resources may be materially affected by environmental, permit
Slide 45: Mineral Resources Limited – Corporate Overview
Mineral Resources Limited – Corporate Overview • Mineral Resources was established in July 2006 when pipeline manufacturing and contracting business PIHA, Crushing Services International and Process Minerals International merged and was listed on the Australian Securities Exchange (ASX:MIN). • At pr
Slide 46: Mineral Resources Limited – Lithium Overview
Mineral Resources Limited – Lithium Overview Hard Rock Lithium Assets MRL has partnered with two of the largest downstream lithium companies on its hard rock lithium mines 1. Wodgina - MRL (40%) / Albemarle (60%) Wodgina was acquired in 2017 and quickly developed into one of the world’s largest spod