Fundamental Research has updated its coverage of palladium explorer New Age Metals (V.NAM).
This new assessment of the company comes as New Age completed a 15-hole drill program on its River Valley PGM project. Fundamental reports that additional drilling is planned to follow up on a geophysical program to delineate a new footwall discovery.
New Age is expected to have a revised resource estimate ready in Q1 2018 and Management also aims to complete a Preliminary Economic Assessment (“PEA”) in 2018.
You can read the full Fundamental report here.