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Leaders in Green 
Metal Exploration & Development

Corporate Presentation Q4 2022

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Li

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This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2010 and beyond could differ materially from the Company’s current expectations. Forward-looking statements are identified by words such as "anticipates," "projects," "expects," "plans," "intends," "believes," "estimates," "targets," and other similar expressions that indicate trends and future events.

  • 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 complex whose major facilities have available capacity to take River Valley concentrates
  • River Valley Project Pre-Feasibility Study expected completion Q4 - 2022
  • Partnership with top 5 global lithium producer in the world to explore and develop NAM’s lithium division. $1.8 million 2022 exploration budget for the Manitoba Lithium Division.
  • Excellent exploration upside across the Company’s project portfolio
  • Company’s Price to Net Asset Value presents an enticing entry point for new investors
  • Trading at a deep discount to peers and fundamental Value

Platinum Group Metals Division

Genesis Pgm-Copper-Nickel Project

Alaska, Usa

Lithium & Rare 
Element Projects

Manitoba, Can

Lithium Division

River Valley 
Palladium Project

Ontario, Can

Americas Map Location of New Age Metals Projects
River Valley Palladium Project
Genesis Pgm-copper-nickel Project
Lithium And Rare Element Projects
map locations projects
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Disclaimers

Safe Harbour Statement

Qualified Person Statement

The information in this presentation that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone. Dr. Stone is a Qualified Person, as defined by National Instrument 43-101, and has reviewed and approved the technical content of this presentation.

Forward-Looking Statements

Certain information presented, including discussions of future plans and operations, contains forward-looking statements involving substantial known and unknown risks and uncertainties. These forward-looking statements are subject to risk and uncertainty, many of which are beyond control of company management. These may include, but are not limited to, the influence of general economic conditions, industry conditions, fluctuations of commodity prices and foreign exchange rate conditions, prices, rates, environmental risk, industry competition, availability of qualified staff and management, stock market volatility, timely and cost-effective access to sufficient working capital or financing from internal and external sources. Actual results, performance, or achievements may differ materially from those expressed or implied by these forward-looking statements.

Why New Age Metals

Two Divisions, 
One Green Focus

New Age Leadership

Corporate Overview

Capital Structure

222,137,002

6,133,331

36,407,719

264,678,052

Issued & Outstanding

Options

Warrants1

Fully Diluted

Market Cap (Cad)

Share Price2

$17,770,960

$0.08

Eric Sprott

Management

Institutional

Retail3

~$6,300,000

29 August 2022

Shareholders

Cash Position

1 Avg. Price $0.15 | 2 As Of 7 June 2022 | 3 Approx. 3,000 shareholders

Harry Barr

Chairman & CEO

Board of Directors

Harry Barr

Chairman & CEO

  • Founder, chairman and CEO of international metals group
  • 30+ years of experience in the mining industry, focus on acquisition, finance and development of mineral projects on international scale
  • Oversaw over 300 option/joint venture agreements with major, mid-tier, and junior mining companies

Colin Bird

Director

  • 30+ years of international experience in developing, financing, operating and managing nickel, copper, gold and coal mines
  • A UK-chartered mining engineer
  • Currently serving as Non-Executive Chairman of Jubilee Metals Group, Executive Chairman of Xtract Resources, Galileo Resources, Bezant Resources and Tiger Royalties and Investments

Chris Berlet

Director

  • Currently serving as the President & CEO, Director of Canuc Resources, and Stakeholder Gold Corp.
  • 30 years of experience in both finance and the mineral industries
  • Graduate of Mining Engineering from Queen’s University (Canada); Diploma in Accounting & Finance from London School of Economics and Political Science (UK); CFA Charter Holder (USA)

John Londry

Director

  • Held senior positions with Camflo, Noranda Exploration, Hemlo Gold Mines, and Battle Mountain Gold
  • 30 years of experience in both the finance and mineral industries
  • Received his B.Sc. and M.Sc. degrees in Geology from the University of Windsor

Ron Hieber

Director

  • Former head of worldwide exploration for Anglo Platinum
  • Internationally recognized expert in Platinum Group Metals
  • Geology graduate of Rhodes University, South Africa; PGM Specialist

Robert Guanzon

CFO

Marketing & Communications

Farid Mammadov

Richard Zemoroz

Project Geologist

Gordon Chunnet,  B.Sc.

PGM Specialist, Advisor

Charlotte Brown

Corporate Secretary

Bill Stone,  Phd, P. Geo.

Consulting Geoscientist, PGM Specialist

Axiom Exploration

Consulting Geoscientists; Lithium, Rare Metals Specialists

Curt Freeman

Consulting Geologist

Ali Hassanalizadeh,  M.Sc., P. Geo., Mba

Advisory Board, Consulting Geologist

Business Development

Faraz Rasheed, B. Eng

Nam has established strong relationships with aboriginal communities in ontario and manitoba

Community Engagement

Aboriginal Community Relations

Exploration Agreements

Nam has long standing agreements with the Temagami first nation (2014) and the Nipissing first nation (2022) in Sudbury and the Sagkeeng first nation (2018) in Manitoba, that provide a framework for consultation and collaboration through the exploration and development of our projects

Capacity Building

Nam has provided training and employment to aboriginal community members throughout the exploration phases of work at our projects

Platinum Group Metals Division

Palladium Price (USD)

Palladium Deficit ('000 oz)1

Supply deficit since 2012

Palladium Market

Pt

Pd

Sources: 1Johnson Matthey, Metals Focus, 2SFA Oxford Palladium Standard 2021

Auto industry demand ~85%
Temporary Auto Chip Shortage Decreasing Demand For Palladium. Forecasted recovery expected in H2 20222

More valuable than Gold

More emissions legislation
Gives favourable outlook

Russia accounts for 40% of global palladium exports. Western countries are looking for alternative palladium supply channels

  • 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.
  • Hybrid cars require more palladium. We have seen an increase in hybrid vehicles which in turns increases demand. 1
  • Hydrogen Fuel Cell EVs – an emerging technology, utilize platinum. Toyota has recently stated that both hybrid and fuel cell vehicles remain essential to its carbon reduction plans going forward. 2
  • Extensive research is being conducted to assess palladium and platinum's application in;
    • Hydrogen production and storage (Hydrogen economy)
    • Innovative battery technology (Platinum Group Metals – Lion Battery Technologies inc.)

PGMs - Green Metals

1Innovation News Network - 10 June 2019 
2Heraeus Precious Metals Appraisal – 17 January 2022

River Valley 
Palladium Project

River Valley 
Project Overview

Facts1

Pd, Pt, Cu

Pre-Feasibility

near Sudbury, Ontario

2.25 Moz Pd+Pt+Au (M+I) & 1.7 Moz (Inf.)

107 km

733 holes totalling >155,00 metres

100% NAM

Primary Metals:

Project Stage:

Location:

Mineral Resources:

Land Position:

Diamond Drilling:

Ownership:

Upcoming Milestones

  • Pre-Feasibility Study, H2-2022
  • Rhodium evaluation to determine potential payabilty
  • Exploration drilling to begin at the end of July (Dana South Zone)

River Valley History 

Signed option-JV agreement with Anglo Platinum

1999

2008

Signed option-JV agreement with Anglo Platinum

2012

Mining leases granted; environmental baseline studies conducted

2017

Restarted project exploration and development

2021

Pre-Feasibility Study, commenced in April. Updated MRE announced in October

2000

Drill hole discovery of PGM

2010

Acquired Anglo’s 50% interest for 100% ownership

2015

Pine Zone footwall discovery

2019

Updated MRE and 1st engineering study; PEA completed

Signed option-JV agreement with Anglo Platinum - New Age Metals
Signed option-JV agreement with Anglo Platinum - New Age Metals
Signed option-JV agreement with Anglo Platinum - New Age Metals
Signed option-JV agreement with Anglo Platinum - New Age Metals
Signed option-JV agreement with Anglo Platinum - New Age Metals
Signed option-JV agreement with Anglo Platinum - New Age Metals
Signed option-JV agreement with Anglo Platinum - New Age Metals

2019 Preliminary 
Economic Assessment

River Valley Pea Summary 1

  Processing Capacity

  Throughput

  Mine Life

  PdEq 2

  PdEq Production/yr

6,000,000 tpa

20,000 tpd

14 year

0.88 g/t

119,000 oz/pa

CAD unless otherwise noted
 1based on US$1,200/oz Pd; $1,050 Pt; $3.25/lb Cu

2Palladium equivalent grade

$495M

$709 US/oz

$261M

$138M

13%

10%

  Pre-Production Capital

  LOM Average Cash Cost

  Pre-Tax NPV (5%)

  After-Tax NPV (5%)

  Pre-Tax IRR

  After-Tax IRR

DRA
P&E Mining Consultants Inc

PEA Sensitivities

1April 5th, 2022 spot palladium price: US$2,228/oz (Kitco)

2021 Mineral Resource 
Estimate Summary 

Palladium M+I 1

1,073,700 oz
Inferred

1,568,300 oz

53,800 oz

Rhodium M+I

43,700 oz
Inferred

606,400 oz

Platinum M+I

480,600 oz
Inferred

114.7 Mlbs

Copper M+I

88.1 Mlbs
Inferred

106,700 oz

Gold M+I

94,200 oz
Inferred

759,800 oz

Silver M+I

756,000 oz
Inferred

1Measured + Indicated 
*see Appendix for full results summary and NSR calculations

Pd Palladium - New Age Metals
Pt Platinum - New Age Metals
Rh Rhodium - New Age Metals
Cu Copper - New Age Metals
Au Gold - New Age Metals
Ag Silver - New Age Metals

2022 Pre-Feasibility 
Study Objectives 

Study announced 12 April 2021; completion slated for H2 2022 1

Apply modern processing technology to increase metal recoveries and concentrate grades

Improve NPV/Capex ratio from 2019 PEA

Optimize Value-per-tonne of mineralized material moved in an open-pit mining operation – 2021 updated MRE

Integrate recent, improved pricing for payable metals at River Valley

Incorporate Site plan engineering, environmental studies and community consultations and engagements

1Projected timeline at least 15 months

Study announced 12 April 2021; completion slated for H2 2022 1
Improve npv/capex ratio from 2019 PEA
Apply modern processing technology to increase metal recoveries and concentrate grades
Incorporate Site plan engineering, environmental studies and community consultations and engagements
Integrate recent, improved pricing for payable metals at River Valley
Optimize Value-per-tonne of mineralized material moved in an open-pit mining operation – 2021 updated mre
  • 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 and site optimization designs
  • Community consultations and engagements
  • Induced polarization geophysical surveys and exploration drilling
  • Complete Pre-Feasibility Study
  • Follow up on PFS recommendations towards permitting and feasibility

River Valley Project 
- Go-Forward Plan

1Innovation News Network - 10 June 2019 
2Heraeus Precious Metals Appraisal – 17 January 2022

Exploration Upside

1Deepest hole (DS001) saw PGM mineralization at ~575m

Lac des Iles shipped PGM concentrate  800 km to Sudbury for 20+ years

1.6Moz Pd+Pt+Au Inferred resource May CLASSIFY AS indicated/measured

220m AVG. MAX DRILL DEPTH; DEEP drilling Could open more potential 1

~40% of mineralized contact remains undrilled

Unexplored footwall targets require identification & drilling

Sudbury mines produced PGMs as byproduct for OVER 60 years

known/mined resource depth

unexplored resource potential

Exploration Upside for New Age Metals
Sudbury mines produced PGMs as byproduct for OVER 60 years
Unexplored footwall targets require identification & drilling
~40% of mineralized contact remains undrilled
220m AVG. MAX DRILL DEPTH; DEEP drilling Could open more potential 1
1.6Moz Pd+Pt+Au Inferred resource May CLASSIFY AS indicated/measured
Lac des Iles shipped PGM concentrate  800 km to Sudbury for 20+ years

PGM Exploration Targets

1Northeast (externally) 
2 Southwest (internally)

Many IP anomalies similar to Pine Zone extend NE1 & SW2 of footwall contact

Priority exploration targets detected in IP geophysical surveys over footwall

Palladium targets located adjacent to existing Mineral Resources (Zones) and potential open pit locations

Possible magmatic feeder zones and structural offsets

Additional 12 km of IP to be Completed to identify new targets for drill testing

IP anomalies similar to Pine Zone

PGM Exploration Targets New Age Metals
Additional 12 km of IP to be Completed to identify new targets for drill testing
Possible magmatic feeder zones and structural offsets
Palladium targets located adjacent to existing Mineral Resources (Zones) and potential open pit locations
Priority exploration targets detected in IP geophysical surveys over footwall
Many IP anomalies similar to Pine Zone extend NE1 & SW2 of footwall contact

Peer Group Comparison 
- Canadian PGM 
Explores/Developers

1 Net resource information taken from company filingsq3, 2022 
2 New Age Metals is undervalued on an EV/Resource basis relative to its peers of TSXV listed junior companies exploring and developing PGM projects in Canada

Peer Group Comparison - Canadian PGM Explores/Developers

Genesis PGM-Cu-Ni 
Projects

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% Ni and 0.58% Cu on surface

New Age Metals | Mines located in Alaska US
Drill-ready PGM-Cu-Ni reef style target: 2.4 g/t Pd, 2.4 g/t Pt, 0.96% Ni and 0.58% Cu on surface
seeking exploration and development Option/JV Partner
Known PGM-Cu-ni Mineralization Covers 9 KM. fall 2021 surface sampling and mapping program
3 km from highway & electric transmission line
100% Owned by New Age Metals

Lithium Division

Brine Vs. Spodumene Cost Comparison1

Spodumene Superiority

Li

sources: 1McKinsey & Co. (2025 costs, typical South American brine vs. typical Western Australian spodumene)

Brine Vs. Spodumene Cost Comparison | New Age Metals

LiOH Cathode Batteries Have Better Energy Density, Life Cycle And Safety

Spodumene Is Preferred Feedstock For Electric Vehicle Manufacturers

Spodumene Is A Lower Cost Source For Lithium Hydroxide Vs. Brine

~60% Of Global Lithium Production Is From Spodumene Vs. 40% From Brine

“Lithium Extracted From Mining...Is More Stable To Extract, Easier To Scale And Generally More Sustainable.”

VW, 2019

“Lithium Extracted From Mining...Is More Stable To Extract, Easier To Scale And Generally More Sustainable.”
~60% Of Global Lithium Production Is From Spodumene Vs. 40% From Brine
Spodumene Is A Lower Cost Source For Lithium Hydroxide Vs. Brine
Spodumene Is Preferred Feedstock For Electric Vehicle Manufacturers
LIOH Cathode Batteries Have Better Energy Density, Life Cycle And Safety

raw material

carbonate conversion

hydroxide conversion

Lithium Demand By Type 1(M Tonnes/Y Lce2)

Lithium Hydroxide Demand

sources: 1Benchmark Mineral Intelligence
2Lithium Carbonate Equivalent

Lithium Demand By Type 1(M Tonnes/Y Lce2) | New Age Metals

Lithium Hydroxide required in high-nickel materials for long-range EVs

21% projected Compound Annual growth in LiOH demand

LiOH Shortages expected by 2023

LiOH Shortages expected by 2023
21% projected Compound Annual growth in LiOH demand
Lithium Hydroxide required in high-nickel materials for long-range EVs

Lithium Carbonate

Lithium Hydroxide (LiOH)

NAM Lithium Projects

New Age Metals - Lithium Projects - Manitoba Canada

11, 100% owned PROJECTS, 3 drill-ready

Largest regional Claim Holder: 21,611 Hectares

Exploration agreement with the Sagkeeng First Nation

Exploration agreement with the Sagkeeng First Nation
Largest regional Claim Holder: 11,620 Hectares
Lithium Hydroxide required in high-nickel materials for long-range EVs
New Age Metals - Projects in Manitoba Canada
  • 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$400,000 in cash payments within 42 months from the Effective Date
  • MRL can earn an additional 14% interest (65%) by completing a NI 43-101 compliant mineral resource estimate and PFS
  • MRL can earn an additional 10% interest (75%) by funding the Project to the point of a final construction decision made by MRL
  • NAM will act as the field manager and in return, receive a management fee

New Age Metals – 
Mineral Resources Limited 
Farm-in Agreement 

  • 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 lithium mine in the world, and;
    • A 50/50 (MRL / Ganfeng) JV  on the Mt. Marion Mine  - 3rd largest hard rock lithium mine in the world
  • Worlds largest crushing contractor – 23 operating plants across MRL and client sites.
  • Leading and innovative pit to port mining services provider – services include construction, mining, processing, infrastructure, logistics, accommodation and energy.

Mineral Resources Limited (MRL) 

Mineral Resources Company

Drill Ready 
Lithium Projects

New Age Metals - Lithium Projects - Manitoba Canada

1. 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.

3. Lithium one – 40+ known pegmatites, exploration focused on Silverleaf (4.1% Li2O (2020) and Annie pegmatites (0.6% Li2O (2018))

2. Lithman West – Flown with drone geophysics in 2021. Situated along strike and to the west of the Tanco Pegmatite. Numerous rock and soil anomalies warrant drilling.

  • 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 returned an estimated resource of approximately 544,000 tonnes at 1.4% Li20
  • Purpose: Confirm historical drill results from the historical drilling completed at the Project and, drill test other targets on the Project
  • Results: High grade lithium intersected in 11 holes along the Eagle Pegmatite, confirming historic drilling grades (See table for results)
  • Next Steps: Design and execute phase two drilling program at Lithium Two for H2-2022

Lithium Two Project 
Maiden Drill Program

Lithium Two Project Maiden Drill Program Results Table
  • 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 generated in 2021
    • Continue to expand land position in the Winnipeg River Pegmatite Field
    • Estimated 2022 exploration budget of $1,800,000

Manitoba Go-Forward 
Exploration Plan

Lithium Division Strategic 
Go Forward Plan

Acquire the largest group of Lithium/Rare Metals projects in the  Winnipeg River Pegmatite Field

Develop one or more multi-million tonne plus deposits, complete 43-101

Build/buy a central mill to process Lithium ore into a saleable spodumene concentrate

Spread risk by working with capable funding partners for the Lithium and Rare Metals Division

Complete engineering and financial analyses to de-risk the Project(s)

Production

Acquire the largest group of Lithium/Rare Metals projects in the  Winnipeg River Pegmatite Field
Spread risk by working with capable funding partners for the Lithium and Rare Metals Division
Develop one or more multi-million tonne plus deposits, complete 43-101
Complete engineering and financial analyses to de-risk the Project(s)
Build/buy a central mill to process Lithium ore into a saleable spodumene concentrate
Production

Invest in 
New Age Metals

Two Green Metal Divisions: Platinum Group Metals & Lithium/ Rare Elements

Diversification Two Green Metal Divisions: Platinum Group Metals & Lithium/ Rare Elements

Diversification

Leadership Experienced Explorers, Geologists & Developers With Vast Experience

Experienced Explorers, Geologists & Developers With Vast Experience

Leadership

Flagship PropertyDeveloping One Of The Largest Palladium Projects In North America

Developing One Of The Largest Palladium Projects In North America

Flagship Property

Prospect GeneratorAdvancing Non-core Assets Though Strategic Partnerships/Non-dilutive Financings

Advancing Non-core Assets Though Strategic Partnerships/Non-dilutive Financings

Prospect Generator

Appendices

River Valley Palladium Project 
Pit Constrained Cut-off = CDN$15/T NSR And Out-of –Pit = CDN$50/T NSR Cut-offs
 

2021 Mineral 
Resource Estimates

River Valley Palladium Project 
Pit Constrained Cut-off = CDN$15/T NSR And Out-of –Pit = CDN$50/T NSR Cut-offs  | New Age Metals
  1. 1.Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
  2. 1.The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues
  3. 1.The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could potentially be upgraded to an Indicated Mineral Resource with continued exploration
  4. 1.The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. Numbers may not add exactly due to rounding
  5. 1.The Mineral Resource Estimate is based on US$ metal prices of $1,850/oz Pd, $900/oz Pt, $1,600/oz Au, $3.00/lb Cu, $16/lb Co, $6.50/lb Ni, $8,000/oz Rh, $18.50/oz Ag. The US$:CDN$ exchange rate used was 0.75.
  6. 1.The NSR estimates use flotation recoveries of 80% for Pd, 80% for Pt, 80% for Au, 85% for Cu, 25% for Co, 90% for Ni, 80% for Rh and 65% for Ag and smelter payables of 80% for Pd, 80% for Pt, 85% for Au, 85% for Cu, 50% for Co, 90% for Ni, 80% for Rh and 65% for Ag.
  7. 1.The pit optimization used a mining cost of $2.25/t mined, combined processing and G&A costs of CDN$15/t, and pit slopes of 50º. The out-of-pit Mineral Resources used underground mining, processing and G&A cost of CDN$50/t.  

Notes:

  • 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 present, MRL is focused on the design, construction and commissioning of mining projects primarily in Australia. MRL is also involved in various joint venture agreements with 3rd parties
  • MRL’s mining services include :
    • 23 operating plants across MRL and client sites
    • Portable and fixed crushing plants
    • 19 open pits 
    • Mining equipment fleet: 24 dozers, 23 excavators, 109 dump trucks , 105 wheel loaders
    • In house project design, engineering, construction
    • Second largest crane fleet in WA
    • Own all construction equipment
  • MRL’s stated objectives for their lithium commodities division include:
    • Restart Wodgina 750ktpa
    • Kemerton Lithium Hydroxide plant ramp up to full production 2022
    • Evaluate opportunities to access additional conversion capacity for spodumene concentrate

Mineral Resources Limited 
– Corporate Overview  

Source: Mineral Resources Limited

  • Wodgina - MRL (40%) / Albemarle (60%)
    Wodgina was acquired in 2017 and quickly developed into one of the world’s largest spodumene mines.
    Key Facts:
    • 2nd largest hard rock lithium mine in the world. 259Mt of available resources
    • 750ktpa spodumene concentrate plant (5.6Mtpa feed)
    • Delivered first ore within 18 months of financial investment decision (FID).
    • All project and construction management activities delivered internally by MRL
  • Mt Marion - MRL (50%) / Ganfeng (50%)
    Key Facts:
    • 3rd largest hard rock lithium mine in the world. 71Mt of available resources.
    • 450ktpa spodumene concentrate plant (2.4Mtpa feed)
    • The project was designed, constructed and commissioned over approximately 12 months
    • MRL manages the project via a life of mine services agreement and owns a 50% interest in the joint venture alongside Ganfeng Lithium with a life of mine offtake agreement
  • Kemerton Lithium Hydroxide Conversion Plant – MRL (40%), Albemarle (60%)
    In 2019, Albemarle commenced construction of the Kemerton lithium hydroxide processing plant in Western Australia. Once construction is complete, Kemerton will process spodumene ore to produce lithium hydroxide product and a sodium sulfate by-product. Kemerton is expected to have an initial capacity of about 50,000 metric tons LCE of lithium hydroxide, with an ability to expand to 100,000 metric tons LCE over time. Kemerton is expected to start commissioning by the end of 2021.

Mineral Resources Limited 
– Lithium Overview  

Source: Mineral Resources Limited

Hard Rock Lithium Assets

MRL has partnered with two of the largest downstream lithium companies on its hard rock lithium mines

NAM geologists at Trench 8 North of Dana North Zone

Shareholders of New Age Metals
Community Engagement | New Age Metals
Palladium Markets Chart | New Age Metals
Surface Mineralization | New Age Metals

RiverValley Project - New Age Metals

2

1

3

Mineralized zones of the giant River Valley Palladium Project, near Sudbury, Ontario

Community Engagement

Supply deficit since 2012
Supply deficit since 2012Auto industry demand ~85%
Temporary Auto Chip Shortage Decreasing Demand For Palladium. Forecasted recovery expected in H2 20222
More valuable than Gold
More emissions legislation
Gives favourable outlook
Russia accounts for 40% of global palladium exports. Western countries are looking for alternative palladium supply channels

Located 100 Road-km From Sudbury, Ontario

World-class Ni-cu (PGM) Mining District

Major Mineral Processing & Metal Recovery Facilities

Located 100 Road-km From Sudbury, Ontario
World-class Ni-cu (PGM) Mining District
Major Mineral Processing & Metal Recovery Facilities
New Age Metals - Lithium Projects - Manitoba Canada
New Age Metals - Projects in Ontario Canada
River Valley Project Going Forward Plan | New Age Metals

RiverValley Project - New Age Metals

Manitoba Project Going Forward Plan | New Age Metals

Manitoba Go-Forward Exploration

Major news releases 

Quarterly Video Q&A with CEO and Chairman Harry Barr (plus the ability to email questions you want answered directly)

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