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New Age Metals Inc.

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Summary

Project:

River Valley

Deposit:River Valley
Location:Canada
Commodities:Platinum-Palladium-Gold-Copper-Nickel-Cobalt
Date:6/27/2019
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:27-6-2019: New Age Metals Inc. announces a PEA report for its River Valley deposit at the River Valley project. PEA results incl. post-tax NPV (5%) of $138M, IRR of 10%. June 27th, 2019 Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTL
Resources:(Resource, M+I): 99.255Mt @ 0.90g/t PdEq for 2.377Moz PdEq contained at project
CP/QP:[Overall Report]: Eugene Puritch (P&E Mining Consultants Inc.)
ABSTRACT:June 27th, 2019 Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; “We are pleased to update our shareholders and interested parties as to the results of the initial Preliminary Economic Assessment (PEA) for the company’s 100% owned River Valley PGM Project in Sudbury, Ontario Canada. The PEA has been developed by various independent consultants – P&E Mining Consultants Inc. (P&E) was responsible for the open pit mining, surface infrastructure, tailings facility, and project economics; DRA Americas Inc. ("DRA") was responsible for all metallurgical test work and processing aspects of the Project; and WSP Canada Inc. ("WSP") was responsible for the Mineral Resource Estimate. The PEA demonstrates positive economics for a large-scale mining open pit operation, with 14 years of Palladium and Platinum production.”

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