Movers and SHAKERS
Palladium One Mining (NKORF)(PDM:CA)
Kaukua: A Big System That Keeps Getting Bigger
Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is 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 disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
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Drilling affirms increasing grades and widths at depth. Palladium One released results for four Kaukua South drill holes at the LK PGE-Ni-Cu project in Finland, including Hole LK21-081 which intersected 4.07 grams of palladium equivalent per tonne over 24 meters, within 2.08 grams of palladium equivalent per tonne over 112 meters, starting at 171.5 meters depth. Hole LK21-081 surpassed Hole LK20-016 as the drill hole returning the highest-grade intercept to date. Both holes are part of two parallel high grade zones at Kaukua South. Drilling is successfully expanding higher grade zones to depth. For example, Hole LK21-080 intersected 1.86 grams of palladium equivalent per tonne over 40.5 meters, including 2.95 grams of palladium equivalent per tonne, over 3.0 meters from 229.5 meters depth.
Updated resource estimates and PEA. Management expects to complete an updated NI 43-101 compliant resource estimate for the Greater Kaukua Area in December 2021/January 2022. A preliminary economic assessment is expected in mid-2022. Since we initiated coverage in October 2020, the company has increased its NI 43-101 compliant resources to 2,235,000 from 1,161,400 palladium equivalent ounces. We ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.