New Age Metals Inc · TSXV:NAM
New Age Metals — Investor Presentation (2024)
39 slides from New Age Metals's investor presentation, 2024
Slide 1: Leaders in Green Metal Exploration & Development
LEADERS IN GREEN METAL EXPLORATION & DEVELOPMENT Q1 2024 Pd Pt Li
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 (PGMs & Lithium) • 100% ownership of a multi-million ounce district scale North American Palladium asset • Flagship project location – 100 km north east of Sudbury metallurgical complex whose major facilities have available capacity to take
Slide 4: Two Divisions, One Green, Critical Metal Focus
TWO DIVISIONS, ONE GREEN, 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 Q1 2024 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 4
Slide 5: Corporate Overview
CORPORATE OVERVIEW CAPITAL STRUCTURE SHAREHOLDERS 222,137,002 ISSUED & OUTSTANDING 24.5% ERIC SPROTT 5,983,331 OPTIONS 6% MANAGEMENT 60.5% 32,116,675 WARRANTS 1 9% INSTITUTIONAL 260,237,008 FULLY DILUTED RETAIL 3 $9,996,165 MARKET CAP (CAD) CASH POSITION $0.045 SHARE PRICE 2 JAN 2024 ~$3,700,000 1 a
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 BILL STONE, Ph.D., P. Geo. CFO CONSULTING GEOSCIENTIST, PGM SPECIALIST CHARLOTTE BROWN Axiom Exploration. CORPORATE SECRETARY CONSULTING GEOSCIENTISTS; LITHIUM, RARE METALS SPECIALISTS GORDON CHUNNET, B.Sc. CURT FREEMAN PGM SPECIALIST, ADVI
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 Sagk
Slide 9: Platinum Group Metals Division
Areal View of Dana North Outcrops and Access Road– View Looking westwards PLATINUM GROUP METALS DIVISION Pd Pt Rh
Slide 10: Palladium (Pd) Market
PALLADIUM (Pd) MARKET Pd in supply deficit since 2012 PALLADIUM PRICE (USD) Auto industry demand ~85%. Temporary auto chip shortage $2,400 decreasing demand for Pd. $1,800 Recovery expected in H2 20222 $1,200 $600 $0 Pd more valuable than gold 2010 2012 2014 2016 2018 2020 0 More emissions legislati
Slide 11: The Future Hydrogen Economy
The Future Hydrogen Economy WPIC 2023 11 Q1 2024 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2
Slide 12: 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 Q1 2024 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 12
Slide 13: River Valley Project Overview
RIVER VALLEY PROJECT OVERVIEW FACTS1 Primary Metals: Pd, Pt, Cu Project Stage: Completed PEA 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) Resources: (updated October,
Slide 14: 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 15: River Valley 2023 Preliminary Economic Assessment
River Valley 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 P
Slide 16: 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 17: New PEA: Site Layout Plan
New PEA: Site Layout Plan 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 Q1 2024 NEWAGEMETALS.COM • TSX.V: NAM • OT
Slide 18: River Valley Project Go-Forward Plan
RIVER VALLEY PROJECT GO-FORWARD PLAN • Follow-up on PEA recommendations for permitting and Feasibility-level studies • PLATSOL proof-of-concept study to improve recovery of PGMs • Continue community consultations and engagements • Complete planned exploration programs and rhodium distribution study
Slide 19: Project Value Enhancement Opportunities
Project Value Enhancement Opportunities 1. Improve Metals Recoveries 2. Increase Mineral Resources 3. Continue Environmental Studies Q1 2024 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 19
Slide 20: 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 21: 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) 21 recovery from sulphide concentrate. Q1 2024 NEWAGEMETALS.COM
Slide 22: 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 Drill Targets • Dana South Zone • Lismer North Zone • Varley Zone (south part) When • Subject to financing Dana South UG extends to ap
Slide 23: PGM Exploration Targets
PGM EXPLORATION TARGETS Many IP anomalies similar to pine zone extend NE1 & SW2 from footwall contact Priority exploration targets detected in IP geophysical surveys over footwall Pd Palladium targets located adjacent to existing mineral resources (zones) and potential open pit locations Possible ma
Slide 24: 3. Continue Environmental Studies
3. Continue Environmental Studies • Purpose: For future permitting Hydrology & Water Monitoring Studies • Story Environmental • First Nations Next Steps • Plan and execute Fall 2023 Program • Plan and execute Spring 2024 Program PLATSOL • Environmental considerations • Possible plant location(s) Q1
Slide 25: Genesis PGM-Cu-Ni Project
GENESIS PGM-Cu-Ni PROJECT 100% OWNED 3 KM FROM HIGHWAY & ELECTRIC TRANSMISSION LINE KNOWN PGM-Cu-Ni MINERALIZATION COVERS 9 KM. FALL 2021 SURFACE SAMPLING AND MAPPING PROGRAM SEEKING EXPLORATION AND DEVELOPMENT OPTION/JV PARTNER DRILL-READY PGM-Cu-Ni REEF STYLE TARGET: 2.4 G/T PD, 2.4 G/T PT, 0.96%
Slide 26: Lithium Division
LITHIUM DIVISION Li SPODUMENE-LEPIDOLITE SURFACE MINERALIZATION AT LITHIUM ONE PROJECT
Slide 27: Spodumene Superiority
SPODUMENE SUPERIORITY BRINE VS. 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 $2,100
Slide 28: 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 29: NAM Lithium Projects
NAM LITHIUM PROJECTS 14 100%-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 AND TERM SHEET WITH NATIVE MINERAL RESOURCES 3 NEWLY ACQUIRED 100% OWNED LITHIUM PROJECTS IN NORTHER
Slide 30: 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 31: 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 32: Manitoba Go-Forward Exploration Plan
MANITOBA GO-FORWARD EXPLORATION PLAN 2023/2024 - Budget of $7 million funded by MRL • Mapping – Complete updated property bedrock geology maps with detailed structural analysis of pegmatite distribution and internal zonation. • Lithogeochemistry – Property wide rock sampling to gather geochemical da
Slide 33: Overview of Newly Acquired Properties
OVERVIEW OF NEWLY ACQUIRED PROPERTIES • Mclaughlin Lake – 19,321 ha Mineral Exploration License ► Under term sheet agreement with Native Mineral Resources ► Multiple mapped Lithium bearing pegmatites with Spodumene and/or Lepidolite ► Spodumene bearing dyke has reported surface exposure of 400 m str
Slide 34: Why New Age Metals
WHY NEW AGE METALS • Diversified green commodity portfolio (PGMs & Lithium) • 100% ownership of a multi-million ounce district scale North American Palladium asset • Flagship project location – 100 km north east of Sudbury metallurgical complex whose major facilities have available capacity to take
Slide 35: 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 Q1 2024 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 35
Slide 36: Appendix
APPENDIX 2024 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 36
Slide 37: 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 38: 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 39: 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