New Age Metals is a mineral exploration company focused on the exploration and development of Platinum Group Metals and Lithium.
We own 100% of North America’s largest undeveloped Platinum Group Metal resource in Sudbury, Ontario with 2.9 Moz of PdEq (measured and Indicated) and another 1.1 Moz of PdEq (inferred)
Our Lithium division is the largest mineral claim holder in the Winnipeg River Pegmatite Field with 8 projects surrounding the long time producing Tanco Mine.
In 2019 we will complete River Valley’s first economic study; Preliminary Economic Assessment and we will drill on 2 of our 8 Lithium Projects.
Harry Barr – Chairman & CEO
Mr. Barr has over 35 years of experience in the Mining Industry managing public companies. Currently Mr. Barr is the Chairman & CEO of New Age Metals and El Nino Ventures. He is also on the Board of Directors of both companies. Mr. Barr has created shareholder value by building teams to assist him in corporate finance, project acquisition, and exploration and development of mineral projects in 9 countries and 3 continents. As a CEO, he has guided his management teams to complete over 43 option joint venture agreements with major mining companies, and over 300 with mid-tier and junior mining companies. Mr. Barr and his team have raised approximately $300 million in non-broker private placements, other equity arrangements and option joint venture agreements.
Cody Hunt – Business Development Engineer-in-Training
Mr. Hunt joined New Age Metals in May of 2018 after graduating from Queen’s University. Mr. Hunt holds a Bachelor of Applied Science (BASc) in Mining Engineering from Queen’s.
What is your rationale for attending 121 Mining Investment?
The company is attending 121 Mining Investment to raise corporate awareness, find a potential option/joint-venture partner and to seek equity investment.
What recent news would you like to highlight to investors attending?
In 2018 New Age Metals completed a NI 43-101 resource calculation that has allowed us to start the River Valley project’s first economic study, a Preliminary Economic Assessment which is slated to be complete by the end of the second quarter of 2019. A new geophysical program has also outlined a group of new exploration targets that are well-located and management is currently developing a 3-phase drill program for 2019. The company will also be drilling at least two of its eight Lithium projects in 2019 in Manitoba.
What are your key goals for the next 3, 6 and 12 months?
Regarding the development of the River Valley Project, the Company is at the Pre-PEA stage, and over the next 3-6 months plans to complete the PEA . The exploration plan involves management currently designing the next 3-phase drill program for River Valley based on two recent rounds of geophysics. Commence drilling on two of our eight Lithium projects in Manitoba.
Complete the River Valley PEA before the end of the second quarter of 2019 and move both the PGM and Lithium exploration projects forward.
Subject to positive PEA results, move the River Valley PGM Project to Pre-Feasibility, continue exploration activities on both the PGM and Lithium divisions.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The junior mining industry continues to struggle with project finance. The River Valley PGM project is now at a development stage and near-term development results should allow continued financing.
In a sentence, what do you think makes your company such a compelling investment?
New Age Metals is a unique investment because large Platinum Group Metals deposits are rare in North America, we are well located near a major mining center and the price of Palladium is poised to continue on its record breaking pace.