NKORF - Palladium One Mining Inc. (NKORF)(PDM:CA) - No Shortage of Stock Catalysts on the Horizon
Corporate update. Palladium One provided an update on exploration progress at its LK PGE-Cu-Ni project in Finland and Tyko Cu-Ni project in Ontario, Canada, along with expected milestones during the next several months. In its most recent corporate presentation, the company has laid out its objectives and milestones through 2026.Updated resource estimates and PEA. At the LK project, resource definition drilling at Kaukua and the western part of Kaukua South is expected to wrap up in mid-September. Management expects to complete updated NI 43-101 compliant resource estimates for the Haukiaho zone during the third quarter, and for the Greater Kaukua area in December 2021/January 2022. A preliminary economic assessment is expected in mid-2022. Step out drilling targeting an anomaly to the west of Kaukua is scheduled to be drill tested beginning in September 2021. Phase II drilling results have been released for 78 holes, while assay results for 38 drill holes remain outstanding.Drilling has resumed at Smoke Lake. A versatile time domain electromagnetic (VTEM) geophysical survey has been conducted over the entire Tyko property with results expected shortly. To date, over 1,300 soil samples have been collected for analysis. Drilling at Smoke Lake has resumed with four of seven planned drill holes completed. The goal is to find the source of high-grade mineralization, including intersections of up to 9.9% nickel equivalent over 3.8 meters at surface. A 900-meter geophysics platform hole will test a large magnetic anomaly below the Smoke Lake zone. A borehole electromagnetics survey will follow to identify the presence of massive sulphide mineralization at depth.Rating is Outperform. Palladium One offers investors exposure to high value metals that play a critical role in clean air and battery technologies. Palladium One benefits from a strong balance sheet with a cash balance of C$15 million as of July 31. The company's well-conceived exploration efforts at both the LK and Tyko projects have resulted in significant progress with clear objectives set through 2026. Read More >>