New Age Metals Samples High-Grade Antimony, Gold, Silver and Lead at St. Alban's, Newfoundland and Starts Phase 2 Exploration

Core Insights - New Age Metals Inc. (NAM) has reported promising assay results for antimony and gold from its properties in Newfoundland and Labrador, indicating significant mineralization potential [1][3][4] - The company is currently conducting Phase 2 exploration work following a successful Phase 1 program, which confirmed the presence of high-grade antimony and gold mineralization [1][3][4] Phase 1 Highlights - A total of 286 grab samples were collected, with notable results including up to 15.2% Sb and 1.52 g/t Au, indicating a robust multi-metal system [2][3][4] - The antimony price surged to over $60,000 per tonne due to China's export restrictions, creating a supply shock for this critical metal [2][30][31] Mineralization Potential - The St Alban's area properties are highly prospective for Au–Sb mineralization, with a newly identified ~16 km trend extending from various occurrences [3][4][6] - Significant assay results include: - 15.2% Sb from Antimony Ridge - 1.52 g/t Au from the Citadel Property - 131 g/t Ag and 29.3% Pb from the Fort Property [4][5][6] Beaver Brook Area Properties - The Beaver Brook Area properties are geologically significant, hosting potential for both Sb and Au systems, consistent with the broader mineralizing environment [6][7] - New discoveries in the Beaver Brook Area include elevated gold values and significant mineralization potential [8][6] Market Dynamics - The antimony market is heavily influenced by geopolitical factors, with approximately 70% of production occurring in China [30][31] - Gold prices have reached historical highs, driven by increased demand from central banks and retail investors amid economic uncertainties [30][31] Strategic Positioning - NAM's properties cover approximately 20,000 hectares, strategically located along mineralized trends associated with past-producing mines [32][33] - The Province of Newfoundland and Labrador has been recognized as a top-10 mining jurisdiction, enhancing the attractiveness of NAM's exploration efforts [33]