New Age Metals Inc. announced the results of a proof-of-concept PLATSOL leaching testwork program on its 100% owned River Valley Palladium Project, near Sudbury, Ontario. This Platsol testwork was completed by SGS Canada Inc. ("SGS") on concentrates made from drill core samples of the Dana and Lismer mineralized zones, as recommended in the 2023 Preliminary Economic Assessment ("PEA"). This proof-of-concept PLatsol??

study is part of a post-PEA metallurgical optimization program designed to examine new and alternative technologies for significantly improving recovery of platinum group metals ("PGM"), gold and copper at the River Valley Project. Highlights. The initial Platsol process testing on the Dana and Lismer Zones rougher flotation concentrate samples returned positive results with the best observed test results showing final extractions of 93% palladium, 88% platinum, 98% copper and 98% nickel for Dana and 93% palladium, 85% platinum, 98% gold, 100% copper and 98% nickel.

PGM precipitation recovery testing showed >99% palladium, 94% platinum and >99% gold were recovered in a low-weight final precipitate with grades of 2,908 g/t Pd, 882 g/t Pt and 56.6 g/t Au for Dana and >99% palladium, 77% platinum and > 99% gold recovered in a low-weight Final precipitate with grades of 1,832 g/t Pd, 607 g/t Pt and 8.32 g/t Au for Lismer. These high precipitation recoveries are in-line with the Platsol process; Sample material for the Platsol testing was derived from 2021 drill core of the Dana and Lismer Zones stored at SGS Lakefield, Ontario ("SGS"); The sample materials at SGS were composited using the same procedures and recipes as used to make the rougher Cu-PGM sulphide concentrates for the 2023 PEA; and Additional, follow-up testwork recommended.