North American Palladium Ltd. operates as a precious metals producer in Canada. The Lac des Iles Property The Lac des Iles property (including the LDI Mine and mill complex) is the company’s material property. The primary underground deposits on the property are the Offset and Roby zones. The property is located approximately 90 kilometers northwest of the city of Thunder Bay, Ontario, Canada. The company produces concentrate at the Lac des Iles mill and might sell the concentrate directly to smelters for processing, into the spot market, or might sell refined palladium directly to end users. The LDI property comprises approximately 8,623 hectares (21,307 acres) of mineral claims and leases. LDI holds a 100% interest in six mining leases, comprising 3,513 hectares (8,680 acres). Other Mineral Properties in Ontario The company also holds the rights to various PGE and gold properties in Ontario. The company also maintains 50% ownership in a joint venture with Vale for the Shebandowan nickel-copper-PGE property, including the past-producing Shebandowan nickel sulfide mine. Greenfields PGE Properties: The company’s northwestern Ontario PGE greenfields property portfolio, including exploration-stage properties, such as the North and the South Lac des Iles Intrusive Complex, which form part of the LDI property, comprises 36,497 hectares of land (90,186 acres) within 205 claims and 2 mining leases. North Lac des Iles Intrusive Complex (part of the Lac des Iles property): The North Lac des Iles property includes a discrete ultramafic-dominant intrusive complex that is believed to be related to the same magmatic event that produced the adjacent MBI to the south. The North Lac des Iles property consists of 39 claims covering an area of 2,749 hectares (6,793 acres). In 2013, the company completed one hole totaling approximately 708 metres of diamond drilling on this part of the LDI property. South Lac des Iles Intrusive Complex (part of the Lac des Iles property): The South Lac des Iles property incorporates two discrete mafic intrusions (Camp Lake intrusion and South LDI intrusion) that are generally contiguous with the MBI. The property includes 15 claims and 2 mining leases covering an area of 4,441 hectares (10,974 acres). Legris Lake Property: The company has an option to acquire 100% of the Legris Lake PGM property (located adjacent to the south east portion of Lac des Iles). The optioned and adjacent company staked claims together total 4,257 hectares in 20 claims. Buck Lake Property: The Buck Lake property lies on the western end of a linear magnetic feature related to the Buck Lake intrusion, comprising both gabbroic and ultramafic rocks. The Buck Lake property consists of two claims covering 439 hectares (1084 acres). In 2013, the company completed one hole totalling approximately 545 metres of diamond drilling on the property. Bullseye Property: The Bullseye property consists of one claim covering 255 hectares (630 acres). In 2013, the company completed one hole totalling approximately 374 metres of diamond drilling on the property. Chisamore Property: The Chisamore property consists of eight claims covering 1,642 hectares (4,058 acres). In 2013, the company completed two holes totalling approximately 1,012 metres of diamond drilling on the property. Demars Lake Property: The Demars Lake property consists of three claims covering 660 hectares (1,630 acres). In 2013, the company completed two holes totalling approximately 682 metres of diamond drilling on the property. Dog River Property: The Dog River property covers an approximately 5 kilometres wide layered mafic-ultramafic intrusion located 20 kilometres to the west of the LDI Mine. The property includes 17 claims covering 3,218 hectares (7,952 acres). Shelby Property: The Shelby property covers a large portion of the Shelby Lake and Towle Lake intrusive complexes, which include known PGE-bearing zones, such as the Vande, Powder Hill and Stinger zones. In 2014, the company entered into an option agreement with Platinum Group Metals Ltd. (PTM) whereby the company could earn a 100% interest in 20 claims covering 3,953 hectares
north amer palladium ltd (PDL:Toronto)
One University Avenue
Toronto, ON M5J 2P1
Phone: 416 360 7590
Fax: 416 360 7709www.nap.com
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