공시 • Apr 26
Palladium One Mining Inc. Announces Mineral Resource Estimate for the LK PGE-Cu-Ni Project
Palladium One Mining Inc. announced an updated Indicated and Inferred Mineral Resource Estimate (‘MRE’) prepared the Company under the supervision of SLR Consulting (Canada) Ltd. disclosed in accordance with National Instrument 43-101 for the 100%-owned Läntinen Koillismaa (‘LK’) Project in north-central Finland. Mineral Resource Estimate: 1.1 million ounces Total Precious Metals (Pd+Pt+Au) (‘TMP’) (0.89 g/t), 111 Million Pounds Copper (0.13%), 92 Million Pounds Nickel (0.11%) and 5 million Pounds Cobalt (65 g/t) are classified as Indicated, contained in 38.2 million tonnes; 1.1 million ounces TMP (0.68 g/t), 173 Million Pounds Copper (0.16%), 152 Million Pounds Nickel (0.14%) and 8 million Pounds Cobalt (74 g/t) are classified as Inferred, contained in 49.7 million tonnes; 248% increase in Indicated tonnes and a 14% increase in Inferred tonnes; 44% of the MRE is in the Indicated category. A waste to ore ratio (‘Strip Ratio’) of 1.48:1 in the Kaukua Area (including Murtolampi) and a 0.58:1 Strip Ratio at Haukiaho. The MRE assumes a Net Smelter Return (‘NSR’) cut-off of USD 12.50 per tonne, based on a 20,000 tonne per day milling rate. Includes three open-pits in the Kaukua Area (including Murtolampi) and one at Haukiaho, 10- kilometers to the south of Kaukua. Recovered, and payable metal assumptions are based on the 2022 Phase II Metallurgical Testing Program, and preliminary indicative copper and nickel smelter quotes. Future Resource Expansion: LK remains open for additional resource expansion both along strike and at depth. The MRE covers approximately 5 kilometers of the 38-kilometer marginal series contact zone, for which reconnaissance historical drilling indicated mineralization along nearly it's entire length. The company's near-term targeting includes two additional open-pit targets in the Kaukua Area and possibly multiple open-pit targets along the 17-kilometer Haukiaho Trend. Three areas of Target Potential have been defined for near term resource expansion representing an additional 2.4-kilometer of strike length along the favourable marginal series and could add between 21.6 million and 36.0 million tonnes of resource. 2022 Phase II Metallurgical Testing Program: The Phase II Metallurgical Testing Program demonstrates the ability to produce BOTH a high value copper AND a high-value nickel concentrate (‘Con’) utilizing conventional 3-stag flotation. The Cons were readily and consistently reproduced. Locked Cycle Test results: Locked Cycle Bulk Concentrate recoveries: 73.5% Pd, 56.1% Pt, 73.0% Au, 88.6% Cu, 30.3% Ni, and 18.6% Co. Copper Concentrate: Grades of 30.0% Cu, 1.43% Ni, 0.1% Co, 38.3 g/t Pd, 13.1 g/t Pt,11.2 g/t Au representing a value of USD 6,300 per tonne of concentrate. Nickel Concentrate: Grades of 4.8% Ni, 3.9% Cu, 0.2% Co, 40.8 g/t Pd, 11.0 g/t Pt, 2.9 g/t Au representing a value of USD 4,200 per tonne of concentrate. Rhodium values up to 1.7 g/t and 1.0 g/t were reported in both the Nickel a Copper Concentrates respectively, while the MRE does not include rhodium values. Fortunately, both Cons are high in iron and sulfur and low in MgO, thereby improving marketability. A low mass pull of 1.2% was achieved, thereby suggestive of low transportation charges. Other: In aggregate, there is 38 million tonnes of Indicated and 50 million tonnes of inferred in resources, thereby providing the opportunity for a large tonnage long-life mine to be developed. The LK project has excellent infrastructure with paved roads, power, skilled labour and is less than 180 kilometers from the port of Oulu, thereby providing the opportunity for reduced initial capital cost estimates.