New Age Metals begins phase 2 at St. Alban's

Executive Summary

• New Age Metals released high‑grade grab sample assays from its St. Alban’s and Beaver Brook areas in Newfoundland, including up to 15.2 % Sb, 1.52 g/t Au, 131 g/t Ag, and 29.3 % Pb.
• Phase 2 prospecting and sampling is underway, targeting the identified multimetal zones along a ~16 km Au‑Sb trend.
• The company highlighted the strategic importance of antimony amid recent Chinese export restrictions that have driven prices above US$60,000/tonne.

Key Details

• Sampling Scope: 286 grab samples collected May–June 2025 as part of Phase 1; Phase 2 field work started mid‑August 2025.
• St. Alban’s Area Highlights
• Antimony Ridge – Float sample (445108): 15.2 % Sb.
• Citadel property – Quartz float (441194): 1.52 g/t Au (first high‑grade gold documented).
• Fort property – Samples 441234‑441236: Up to 29.3 % Pb and 131 g/t Ag, with elevated barite (new Pb‑Ag‑Ba occurrence).
• Rampart property – Sample 441288: 1.88 % Pb and 1.81 % Zn (new Zn‑Pb‑Cu mineralization adjacent to Canstar’s Golden Baie project).
• Beaver Brook Area Highlights
• Sentinel property – Boulder sample 441162: 274 ppb Au with arsenopyrite (first Au‑As system identified along the trend).
• Sentry property – Float sample 441104: 118 ppb Au with elevated Sb and As.
• Geological Context
• Phase 1 confirms a structurally controlled Au‑Sb mineralized belt within the Joseph’s Cove formation, extending ~16 km from Swanger’s Cove (Canstar) through Antimony Ridge to True Grit Au occurrence.
• Beaver Brook claims lie within the same structural corridor as the historic Beaver Brook antimony mine, North America’s largest primary Sb deposit.
• QA/QC Protocol
• One QA/QC sample per ~20 primary samples (~5 % of total). Certified reference materials and blanks inserted; samples sealed, transported to SGS (Grand Falls‑Windsor) then analyzed at SGS Canada’s Burnaby lab.
• Analytical methods: 30‑g fire assay with AAS finish for Au; Na‑peroxide fusion + ICP‑MS/AES for multielements; overlimit Sb and Pb re‑analyzed via Na₂O₂ fusion (ICP‑AES) or pyrosulphate fusion (XRF).
• Market Commentary
• Reuters (17 Jun 2025) reported China’s antimony export ban, pushing prices >US$60,000/tonne (≈4× increase YoY).
• Spot gold trading near US$3,500/oz; central banks added ~244 t in Q1 2025 and are on track for ~1,000 t annual purchases.
• Strategic Position
• New Age holds ~20,000 ha across 12 properties in Newfoundland; seven within the St. Alban’s Au‑Sb trend, five along the Beaver Brook corridor near New Found Gold’s Queensway South project.
• Qualified Person: Dr. William Stone, P.Geo., reviewed and approved technical disclosure per NI 43‑101.

Notable Quotes

“The results of our phase 1 program… are highly encouraging and demonstrate the potential of NAM's Sb‑Au properties in Newfoundland… We look forward to reporting further results as they become available and to advancing these properties in a disciplined, systematic manner at a time when both antimony and gold are trading at historically strong levels.” – Harry Barr, Chairman & CEO

All non‑material boilerplate, safe‑harbor language, and company background sections have been omitted for brevity.