Profile: North American Palladium Ltd (PDL.TO)
12 Feb 2016
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 LDI mine consists of an underground mine, an open pit a substantial low grade surface stockpile, a mill and a shaft with processing capacities of approximately 15,000 and 8,000 tons per day respectively. The primary underground deposits on the property are the Offset and Roby zones.
NAP’s gold division consist of the Vezza gold mine, the Sleeping Giant mill, the closed Sleeping Giant mine and various nearby exploration projects located in the Abitibi region of Quebec. The Company’s Lac des Iles mine property is located approximately 90 kilometers 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. The Mine Block Intrusive (MBI) hosts platinum group element (PGE) deposits, which include Roby Zone and the Offset Zone.
NAP holds a 50% stake in the Shebandowan West nickel property and the option to earn a 100% interest in two early-stage gold exploration properties (Shabaqua and Salmi Lake) both in Ontario. NAP’s northwestern Ontario Greenfields PGE properties comprise over 21,000 hectares of land and seven discrete intrusive bodies. Its BUCK LAKE consists of two mineral claims covering approximately 439 hectares; Bullseye consists of one mineral claim covering approximately 255 hectares; chisamore consists of eight mineral claims covering approximately 1,642 hectares; Demars Lake consists of six mineral claims covering approximately 1,300 hectares; Dog River consists of 17 mineral claims covering approximately 3,218 hectares; Eleph Lake consists of four mineral claims covering approximately 1,020 hectares; Legris Lake consists of 20 mineral claims covering approximately 4,257 hectares; Taman Lake consists of six mineral claims covering approximately 1,176 hectares; Tib Lake consists of 43 mineral claims covering approximately 7390 hectares, and Wakinoo Lake consists of five mineral claims covering approximately 1,120 hectares.
North American Palladium Ltd
1 University Ave Suite 402
TORONTO ON M5J 2P1