NAM, and its partner Mineral Resources Limited/MRL (ASX: MIN/MCAP: $10B), have commenced a 15,000 m drill program as part of a $7M exploration program (fully funded by MRL) on their lithium projects in southern Manitoba. MRL is the fifth largest lithium producer in the world. The drill program will test high priority targets on three properties (Lithium Two, Bird River, and Lithman East).

In addition, NAM is evaluating alternative processing technologies for potentially improving recoveries at its flagship River Valley PGM project in Ontario. NAM is also planning an infill, and step-out drill program, to potentially upgrade and expand existing resources. We believe the project has resource expansion potential, as multiple targets, located adjacent to existing resources, remain untested.