New Age Metals – Exploration And Development Updates At All 3 Company Projects
Harry Barr, Chairman and CEO of New Age Metals (TSX.V:NAM – OTCQB:NMTLF) joins us for an update on the exploration and development work the Company is doing to advance their 3 projects focused on the PGMs, battery metals, and lithium. We start by reviewing the ongoing work in preparation of the upcoming Pre-Feasibility Study on the flagship River Valley Palladium Project, in Ontario. In addition to all the derisking and metallurgical work underway, there has been a few drill holes put in north of the Dana South area, as well as recent channel samples that were reported to the East of Dana South at a new target area. The company is also moving through a large project of assaying for rhodium in prior drill holes, and will be releasing more assays on that as they are returned, and assaying for rhodium moving forward to transition to it being a payable metal, along with the palladium, platinum, gold, nickel, and cobalt.
Next we review the Manitoba Lithium Division, where the Company holds 7 lithium properties, and signed a binding agreement with Mineral Resources Limited a Major Australian Lithium Producer, for them to earn-in to a 75% interest. There will be drill assays released soon from last year’s drill program at the first project, and there are plans to drill 2 or 3 of the 7 projects in 2022, once the budget from Mineral Resources is approved and returned.
We then wrap up with a review the surface exploration work, with a mix of soil samples, rock chip samples, and trenching that was completed at the Genesis Project, in Alaska, where the Company is awaiting assay results to be returned and announced in the very near future.
If you have any follow up questions for Harry regarding New Age Metals, then please email us at Fleck@kereport.com or Shad@kereport.com.