Palladium One Mining

Website: www.palladiumoneinc.com
Primary ticker: TSXV:PDM; FRA:7N11; OTC:NKORF
Stage of development: Exploration
Commodity: PGE
Project to promote: Läntinen Koillismaa (LK) Project
Project location: Finland
Company presentation: Click here
Company video: Click here

Live financials

Cash: CAD$2.6M
Debt: Nil

Major shareholders:
Eric Sprott – 19.4% (non-diluted)
Management Ownership – 6.5%

Palladium One Mining Inc. is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa (“LK”) and Kostonjarvi (“KS”) PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE property, near Marathon, Ontario, Canada. All three projects are 100% owned and are of a district scale. LK is an advanced project targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting nickel dominated disseminated and massive sulphide is a highly metamorphosed Archean terrain.

Management Profile

Derrick Weyrauch, President & CEO

 

 

 

 

 

 

 


What is your rationale for attending 121 Mining Investment?

Due to very limited palladium dominant open pit investment opportunities in Tier 1 jurisdictions, especially where the company is in the resource growth stage, our objective is market awareness for those seeking palladium dominant PGE exposure via exploration drilling.


What recent news would you like to highlight to investors attending?

A new >4km long IP chargeability anomaly with resource grade mineralization, immediately south of an existing Whittle pit constrained 1.2M oz Pd_Eq resource contained in a 1km pit.


What are your key goals for the next 3, 6 and 12 months?

3 Months:

Release of diamond drilling results, resumption of diamond drilling that was suspended due to Covid-19 at the LK project.

6 Months:

Continued drilling of the LK project and increasing resources by 1-2M ounces at the Kaukua South zone and the Haukiaho zones.

12 Months:

Upgrading resources beyond the current 50% in the Indicated category.


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

We are cashed up and have a long runway, thus funding is not an immediate concern, however being pre-revenue we will undoubtedly require additional funding to take advantage of the straightforward resource growth opportunity before us.


What do you think makes your company such a compelling investment?

Palladium has been in deficit for 8 years with no end in sight, limited palladium investment alternatives, clear path to resource growth, (it’s a drilling exercise) Finland is a top mining jurisdiction, strong team with proven ability to create shareholder value.

Analyst Insight – provided by Independent Investment Research

Palladium One Mining is a TSX-V-listed Platinum Group Element (PGE) nickel-copper exploration and development company.

Its assets consist of the 100%-owned Läntinen Koillismaa PGE-Nickel-Copper Project, located in north-central Finland and the Tyko Nickel-Copper, PGE Property near Marathon, Ontario, Canada.

The palladium-dominant Läntinen Koillismaa (LK) PGE-Ni-Cu project is located in north-central Finland, 40km north of the company’s exploration office in the town of Taivalkoski.

An optimized pit-constrained Mineral Resource, at a 0.3 g/t Pd cut-off, for the Kaukua Deposit includes: 635,600 Pd-Eq ounces of Indicated Resources grading 1.80 g/t Pd-Eq and 525,800 Pd-Eq ounces of Inferred Resources grading 1.50 g/t Pd-Eq contained in 11 million tonnes. The Kaukua Deposit is expected to have a low capital intensity given the favourable 3:1 stripping ratio of the conceptual pit-constrained resource

The Kaukua South zone, located ~500 m south of the current pit-constrained Mineral Resource, hosts an Exploration Target Potential range of between 0.23 and 3.0 million tonnes grading 0.7 to 1.0 g/t Pd-Eq.

Future drilling at the Kaukua Deposit is planned to target zones of higher-grade PGE-Cu-Ni mineralization within the current resource that were not followed up by previous drilling. Infill drilling is also planned to upgrade inferred resources to a higher category. Near-term expansion of mineral resources within the Kaukua area will focus on Kaukua south, along with the eastern strike extension of the favourable basal contact, as well as the Murtolampi target. Additionally, future drilling is planned to target the Haukiaho Deposit, located 12km south of Kaukua, which hosts a 2013 historic inferred resource.

The Tyko Property is located in Ontario’s highly prospective Mid-Continent Rift Nickel Province, with road and trail access and power and rail infrastructure close by. The project encompasses 13,000 hectares, targeting nickel-dominated disseminated and massive sulphides in a highly metamorphosed Archean terrain. Previous work indicates high potential for Voisey- style feeder dyke Ni-Cu-PGE mineralization.