New Age Metals Launches Next Phase of PLATSOL(TM) Metallurgical Optimization Testwork at the River Valley Platinum Group Metals Project, Ontario
Original announcement by tmx on
- Company
- New Age Metals Inc.
- Ticker
- NAM
- Exchange
- TSX
- Region
- Ontario
- Primary commodity
- Palladium
- Secondary commodities
- Platinum, Gold, Silver, Copper, Nickel, Cobalt
- Document categories
- Metallurgy
- Extracted
- 2026-08-20 22:54:01 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
New Age Metals is launching the next phase of PLATSOL metallurgical optimization testwork at its River Valley Palladium Project in Ontario. The program, conducted by SGS Canada, will focus on optimizing process conditions, flotation concentrate production, and downstream PGM recovery.
Reasoning: The company is advancing a metallurgical optimization program (PLATSOL) following successful proof-of-concept results. While the news is positive for project de-risking, the actual results of this specific phase are not yet contained in the document.
Positive factors
- Advancing to second phase of optimization
- Strong proof-of-concept results previously reported
- Use of established SGS facility
Negative factors
- Results are not yet available (program is upcoming)
Facts used in scoring: 10
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The program involves flotation concentrate production and pressure oxidation (autoclave) testing.
Evidence · text
“producing flotation concentrates for PLATSOL™ testing”
POX/BIOX Routeneutral
Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
Why it applies: The PLATSOL process is described as a high-temperature, pressure acid leaching hydrometallurgical process.
Evidence · text
“high-temperature, pressure acid leaching hydrometallurgical process”
Extracted facts
Stored fact records: 10. Some facts used in scoring do not have a stored record.
Metallurgical Results (10)
Fact 1palladiumRecovery: 93 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- palladium
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 93 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 93% palladium recovery is exceptional for a proof-of-concept stage.
Positive factors
- High recovery
Evidence · text
“best observed final extractions of 93% palladium”
Fact 2platinumRecovery: 88 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- platinum
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 88 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 88% platinum recovery is strong.
Positive factors
- Strong recovery
Evidence · text
“88% platinum”
Fact 3goldRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 98 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 98% gold recovery is exceptional.
Positive factors
- Very high recovery
Evidence · text
“98% gold”
Fact 4copperRecovery: 99 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 99 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 99% copper recovery is exceptional.
Positive factors
- Very high recovery
Evidence · text
“99% copper”
Fact 5nickelRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- nickel
- Ticker
- NAM
Test Work
- Sample
- Dana Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 98 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 98% nickel recovery is exceptional.
Positive factors
- Very high recovery
Evidence · text
“98% nickel for Dana”
Fact 6palladiumRecovery: 93 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- palladium
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 93 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 93% palladium recovery is exceptional.
Positive factors
- High recovery
Evidence · text
“93% palladium”
Fact 7platinumRecovery: 85 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- platinum
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 85 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 85% platinum recovery is strong.
Positive factors
- Strong recovery
Evidence · text
“85% platinum”
Fact 8goldRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 98 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 98% gold recovery is exceptional.
Positive factors
- Very high recovery
Evidence · text
“98% gold”
Fact 9copperRecovery: 100 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 100 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 100% copper recovery is exceptional.
Positive factors
- Perfect recovery
Evidence · text
“100% copper”
Fact 10nickelRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- nickel
- Ticker
- NAM
Test Work
- Sample
- Lismer Zone rougher flotation concentrate (proof-of-concept)
Recovery
- Recovery
- 98 %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-29T00:00:00.000Z
Dates
- Event date
- 2026-05-20T00:00:00.000Z
Reasoning: 98% nickel recovery is exceptional.
Positive factors
- Very high recovery
Evidence · text
“98% nickel for Lismer”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.