# New Energy Metals Completes Exploration Program and Discovers Pegmatites at the Roslyn Lithium Project in Ontario Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--f5ce657b-e12d-40e9-8df3-6aaa4b8f4644 Original source: https://money.tmx.com/en/quote/ENRG/news/5335891777601285/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the- Publisher: tmx Original announcement: 2023-12-11T14:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: New Energy Metals Corp. - Ticker: ENRG - Exchange: TSX - Region: Ontario - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Drill results, Other - Extracted: 2026-08-21 11:04:50 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary New Energy Metals has completed its initial exploration program at the Roslyn Lithium Project in Ontario, announcing the discovery of pegmatites. Preliminary LIBS testing revealed lithium anomalies up to 1.56% Li \(3.35% Li2O\), with 23 samples currently undergoing certified laboratory assay. Reasoning: The company announced the discovery of pegmatites with anomalous lithium values \(up to 1.56% Li\) via LIBS scanning. While highly encouraging for an exploration-stage project, the lack of certified assay results and the use of screening technology \(LIBS\) necessitates a moderate confidence score. - Positive factor: Discovery of pegmatites - Positive factor: Anomalous lithium values via LIBS - Positive factor: Proximity to known lithium deposits - Negative factor: Assay results still pending - Negative factor: LIBS is a screening tool, not certified assay - Negative factor: Results based on surface scanning/samples Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 4 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions that 23 samples were selected for assays at an independent certified laboratory and names a Qualified Person \(Afzaal Pirzada, PGeo\). Evidence · text > 23 samples were selected for assays at an independent certified laboratory. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is located in the Georgia Lake Pegmatite field, a known lithium-bearing area. Evidence · text > The Property... located in the Georgia Lake Pegmatite field ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--f5ce657b-e12d-40e9-8df3-6aaa4b8f4644#fact-drill-facts-0) lithium #### Identity - Commodity: lithium - Ticker: ENRG #### Geometry - Grade: 1.56 - Grade Unit: % Li #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: LIBS scanning identified high-grade lithium anomalies, though these are not yet laboratory-confirmed. - Positive factor: High grade anomaly detected - Negative factor: LIBS screening only - Negative factor: Assays pending ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--f5ce657b-e12d-40e9-8df3-6aaa4b8f4644#fact-drill-facts-1) lithium #### Identity - Commodity: lithium - Ticker: ENRG #### Geometry - Grade: 8323 - Grade Unit: ppm Li #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Specific sample shows significant lithium enrichment via LIBS. - Positive factor: High lithium values - Negative factor: LIBS screening only ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--f5ce657b-e12d-40e9-8df3-6aaa4b8f4644#fact-drill-facts-2) lithium #### Identity - Commodity: lithium - Ticker: ENRG #### Geometry - Grade: 9150 - Grade Unit: ppm #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Specific sample shows significant lithium enrichment via LIBS. - Positive factor: High lithium values - Negative factor: LIBS screening only ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/new-energy-metals-completes-exploration-program-and-discovers-pegmatites-at-the--f5ce657b-e12d-40e9-8df3-6aaa4b8f4644#fact-drill-facts-3) lithium #### Identity - Commodity: lithium - Ticker: ENRG #### Geometry - Grade: 1.56 - Grade Unit: % Li #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-12-11T00:00:00.000Z Reasoning: Specific sample shows significant lithium enrichment via LIBS. - Positive factor: High lithium values - Negative factor: LIBS screening only ## 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.