New Age Metals Inc · TSXV:NAM
New Age Metals — Investor Presentation (April 2022)
40 slides from New Age Metals's investor presentation, April 2022
Slide 1: Leaders in Green Metal Exploration & Development
LEADERS IN GREEN METAL EXPLORATION & DEVELOPMENT Corporate Presentation Q2 2022 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 commodity portfolio (PGMs & Lithium) and mining lifecycle leverage with exploration and development • 100% ownership of a multi-million ounce district scale North American Palladium asset • Flagship project location – 100 km north east of Sudbury metallurgical comple
Slide 4: Two Divisions, One Green Focus
TWO DIVISIONS, ONE GREEN 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 Q2 2022 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 4
Slide 5: Corporate Overview
CORPORATE OVERVIEW CAPITAL STRUCTURE SHAREHOLDERS 222,037,002 ISSUED & OUTSTANDING 24.5% ERIC SPROTT 8,608,331 OPTIONS 6% MANAGEMENT 60.5% 36,407,719 WARRANTS 1 9% INSTITUTIONAL 267,053,052 FULLY DILUTED RETAIL 3 $26,600,000 MARKET CAP (CAD) CASH POSITION $0.12 SHARE PRICE 2 21 APRIL 2022 ~$7,400,00
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 BILL STONE, PHD, P. Geo. CHAIRMAN & CEO CONSULTING GEOSCIENTIST, PGM SPECIALIST ROBERT GUANZON CAREY GALESCHUK, P. Geo. CFO CONSULTING GEOSCIENTIST; LITHIUM, RARE METALS SPECIALIST CHARLOTTE BROWN CURT FREEMAN CORPORATE SECRETARY CONSULTING GEOLOGIST GORDON CHUNNET, B.S
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 SUDBURY AND THE SAGKE
Slide 9: Platinum Group Metals Division
PLATINUM GROUP METALS DIVISION Pd Pt Li
Slide 10: Palladium Market
PALLADIUM MARKET PALLADIUM PRICE (USD) $2,400 $1,800 SUPPLY DEFICIT SINCE 2012 $1,200 $600 AUTO INDUSTRY DEMAND ~85% TEMPORARY AUTO CHIP $0 SHORTAGE DECREASING 2010 2012 2014 2016 2018 2020 DEMAND FOR PALLADIUM. FORECASTED RECOVERY EXPECTED IN H2 20222 0 -600 MORE VALUABLE THAN GOLD -1,200 -1,800 MO
Slide 11: PGMs – Green Metals
PGMs – GREEN METALS • Most palladium is used in catalytic converters for cars which is an anti-pollution device found in ICE vehicles. Many countries have been adopting more stringent environmental standards, which in turn mandates auto-manufacturers to use more palladium in catalytic convertors. •
Slide 12: River Valley Palladium Project
RIVER VALLEY PALLADIUM PROJECT LOCATED 100 ROAD-KM FROM SUDBURY, ONTARIO WORLD-CLASS Ni-Cu (PGM) MINING DISTRICT MAJOR MINERAL PROCESSING & METAL RECOVERY FACILITIES Q2 2022 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: Pre-Feasibility Location: near 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: Land Position: 107 km2 Diamond 733
Slide 14: River Valley History
RIVER VALLEY HISTORY 1999 2008 2012 2017 2021 Signed option-JV Anglo 50% earn-in Mining leases granted; Restarted project Pre-Feasibility Study, agreement with after investing $30 environmental baseline exploration and commenced in April. Updated Anglo Platinum million in exploration studies conduct
Slide 15: 2019 Preliminary Economic Assessment
2019 PRELIMINARY ECONOMIC ASSESSMENT RIVER VALLEY PEA SUMMARY 1 6,000,000 tpa Processing Capacity $495M Pre-Production Capital 20,000 tpd Throughput $709 US/oz LOM Average Cash Cost 14 year Mine Life $261M Pre-Tax NPV (5%) 0.88 g/t PdEq 2 $138M After-Tax NPV (5%) 119,000 oz/pa PdEq Production/yr 13%
Slide 16: PEA Sensitivities
PEA SENSITIVITIES %Change in -20% -15% -10% -5% Base +5% +10% +15% +20% Palladium Case Price Palladium 960 1,020 1,080 1,140 1,200 1,260 1,320 1,380 1,440 Price1 (US$/oz) After-Tax -23 15 58 97 138 178 219 259 299 NPV (5%) (C$ M) After-Tax IRR 4 6 7 8 10 11 12 13 15 (%) 1 April 5th, 2022 spot pallad
Slide 17: 2021 Mineral Resource Estimate Summary
2021 MINERAL RESOURCE ESTIMATE SUMMARY Pd PALLADIUM Pt PLATINUM Rh RHODIUM Cu COPPER AuGOLD 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 oz 756,00
Slide 18: 2022 Pre-Feasibility Study Objectives
2022 PRE-FEASIBILITY STUDY OBJECTIVES STUDY ANNOUNCED 12 APRIL IMPROVE NPV/CAPEX RATIO APPLY MODERN PROCESSING 2021; COMPLETION SLATED FROM 2019 PEA TECHNOLOGY TO INCREASE FOR H2 2022 1 METAL RECOVERIES AND CONCENTRATE GRADES OPTIMIZE VALUE-PER-TONNE INTEGRATE RECENT, IMPROVED INCORPORATE SITE PLAN
Slide 19: River Valley Project Go-Forward Plan
RIVER VALLEY PROJECT GO-FORWARD PLAN • Geomechanical and hydrogeological engineering site investigation studies • Geotechnical engineering site investigation studies • Terrestrial, aquatics, surface water and hydrology environmental studies • Initial Mineral Reserve Estimate for 2022 • Mine planning
Slide 20: Potential Exploration Upside
EXPLORATION UPSIDE LAC DES CHREIGHTON RIVER LAC DES ILES SHIPPED PGM CONCENTRATE ILES MINE MINE VALLEY 800 KM TO SUDBURY FOR 20+ YEARS Impala Canada Vale Limited New Age (1993) /INCO (1901) Metals 1.6MOZ Pd+Pt+Au INFERRED RESOURCE MAY CLASSIFY AS INDICATED/MEASURED SURFACE 220m AVG. MAX DRILL DEPTH;
Slide 21: PGM Exploration Targets
PGM EXPLORATION TARGETS MANY IP ANOMALIES SIMILAR TO PINE ZONE EXTEND NE 1 & SW 2 OF FOOTWALL CONTACT PRIORITY EXPLORATION TARGETS DETECTED IN IP GEOPHYSICAL SURVEYS OVER FOOTWALL PALLADIUM TARGETS LOCATED ADJACENT TO Pd EXISTING MINERAL RESOURCES (ZONES) AND POTENTIAL OPEN PIT LOCATIONS POSSIBLE MA
Slide 22: Peer Group Comparison – Canadian PGM Explorers/Developers
PEER GROUP COMPARISON – CANADIAN PGM EXPLORERS/DEVELOPERS Company New Age Clean Air Generation Canadian Metals Metals Mining Palladium Stage PFS Resource Feasibility Resource Net Resource 3.08 1.71 6.52 0.17 (PGM Moz)1 Enterprise Value, 17.29 31.00 90.00 7.00 EV (C$ M) EV/Resource 5.622 18.12 13.80
Slide 23: 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 24: Lithium Division
LITHIUM DIVISION Pd Pt Li SPODUMENE-LEPIDOLITE SURFACE MINERALIZATION AT LITHIUM ONE PROJECT
Slide 25: 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 26: 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 2023 1 0 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 Lithiu
Slide 27: NAM Lithium Projects
NAM LITHIUM PROJECTS CAT LAKE 2,000 ha LITHIUM TWO 145.4 ha LITHMAN WEST TANCO 1,016 ha MINE SITE 7 100%-OWNED LITHMAN EAST PROJECTS, 3 DRILL-READY 2,501 ha LITHIUM ONE LARGEST REGIONAL CLAIM 2,294 ha HOLDER: 11,620 HECTARES LITHMAN NORTH EXPLORATION AGREEMENT 411.7 ha WITH THE SAGKEENG FIRST NATION
Slide 28: New Age Metals – Mineral Resources Limited Farm-in Agreement
New Age Metals – Mineral Resources Limited Farm-in Agreement • NAM has entered into a binding term sheet with Australian lithium and iron ore producer, Mineral Resources Limited (MRL). • MRL has the right to acquire an initial 51% interest by completing C$4,000,000 of exploration activities and C$40
Slide 29: Mineral Resources Limited (MRL)
Mineral Resources Limited (MRL) • One of the top 5 global lithium miners. MRL has world leading experience processing hard rock lithium orebodies. • MRL has partnerships with two of the largest lithium downstream companies • 40/60 (MRL/Albemarle) JV on the Wodgina Mine – 2nd largest hard rock lithiu
Slide 30: Drill-Ready Lithium Projects
DRILL-READY LITHIUM PROJECTS LITHIUM TWO – HISTORICAL RESOURCE OF 544,000 TONNES AT 1.4% Li2O. 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 GEO
Slide 31: Lithium Two Project Maiden Drill Program
LITHIUM TWO PROJECT MAIDEN DRILL PROGRAM • What: A ~1,600 metre (15 hole) maiden drill program was completed at the Lithium Two Project in October 2021 • Why: A historical resource that predates NI43-101 reporting standards was completed for the Eagle Pegmatite on the Project in the 1940’s that retu
Slide 32: Lithium Two drill intercepts
DDH ID From (m) To (m) Interval (m) Li2O (%) Lt-21-04 84.3 88.4 4.1 0.63 Incl. 86.8 87.3 0.5 2.11 LT21-05 107.17 112.3 5.13 0.68 Incl 108.65 110.1 1.45 1.59 LT-21-06 73 74.4 1.4 0.77 Incl 73.5 74 0.5 1.38 LT-21-07 62.5 71.4 8.9 0.71 Incl 64.7 68.2 3.5 1.48 LT-21-08 59.25 68 7.25 0.70 Incl 62.45 64.8
Slide 33: Manitoba Go-Forward Exploration Plan
MANITOBA GO-FORWARD EXPLORATION PLAN 2022 (Funded by MRL) Review Lithium Two drilling results Conduct a maiden drill program at the Lithium One Project Conduct a phase Two drill program at the Lithium Two Project Complete field reconnaissance and ground proofing of magnetic geophysical targets gener
Slide 34: Lithium Division Strategic Go Forward Plan
LITHIUM DIVISION STRATEGIC GO FORWARD PLAN Acquire the largest group Develop one or more Build/buy a central mill of Lithium/Rare Metals multi-million tonne to process Lithium ore projects in the Winnipeg plus deposits, into a saleable River Pegmatite complete 43-101 spodumene Field concentrate Spre
Slide 35: Invest in New Age Metals
INVEST IN NEW AGE METALS DIVERSIFICATION LEADERSHIP TWO GREEN METAL DIVISIONS: EXPERIENCED EXPLORERS, PLATINUM GROUP METALS & GEOLOGISTS & DEVELOPERS LITHIUM/ RARE ELEMENTS WITH VAST EXPERIENCE FLAGSHIP PROPERTY PROSPECT GENERATOR DEVELOPING ONE OF THE ADVANCING NON-CORE ASSETS LARGEST PALLADIUM THO
Slide 36: 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 Q2 2022 NEWAGEMETALS.COM • TSX.V: NAM • OTCQB: NMTLF • FSE: P7J2 36
Slide 37: Appendices
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Slide 38: 2021 Mineral Resource Estimates
2021 MINERAL RESOURCE ESTIMATES RIVER VALLEY PALLADIUM PROJECT Pit Constrained Cut-off = CDN$15/t NSR and Out-of –Pit = CDN$50/t NSR Cut-offs NOTES NSR 1. Mineral Resources that are not Mineral Reserves do not have Tonnes ’000 Pd g/t Pt g/t Rh g/t Au g/t Cu % Ni % Co % (C$/t) demonstrated economic v
Slide 39: 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 40: 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