Profile: North American Palladium Ltd (PDL.TO)
1 May 2015
North American Palladium Ltd. (NAP), incorporated on September 12, 1991, is a platinum group metal (PGM) producer that has been operating its Lac des Iles (LDI) mine in northern Ontario, Canada. The Company’s LDI mine expansion consists of transitioning underground operations to shaft access mining while utilizing a high volume bulk mining method.
The Company’s Lac des Iles mine property is located in the northwest of Thunder Bay, Ontario in Canada. The Lac des Iles mine area is underlain by mafic to ultramafic rocks of the Archean Lac des Iles Intrusive Complex (LDI-IC). The Lac des Iles mine lies in the southern portion of the LDI-IC, in a roughly elliptical intrusive package measuring 3 kilometers long by 1.5 kilometers wide, referred to as the Mine Block Intrusive (MBI). The MBI hosts a number of platinum group element (PGE) deposits; the most defined of these are the Roby Zone and the Offset Zone. The mill design capacity is 15,000 tonnes per day.
The Company’s northwestern Ontario greenfields PGE properties comprise over 21,000 hectares of land and seven discrete intrusive bodies, all believed to be related to a single, major mafic-ultramafic magmatic event that occurred in the Late Archean. Its BUCK LAKE consists of two mineral claims covering approximately 439 hectares. Its BULLSEYE consists of one mineral claim covering approximately 255 hectares. Its CHISAMORE consists of eight mineral claims covering approximately 1,642 hectares. The Company’s DEMARS LAKE is of six mineral claims covering approximately 1,300 hectares.
North American Palladium Ltd
Suite 2350, Royal Bank Plaza, So
200 Bay Street
TORONTO ON M5J 2J2