These totals include pit-constrained mineral resources at a C$15/tonne net smelter return (NSR) cut-off and out-of-pit mineral resources at a C$50/tonne NSR cut-off.
“In comparison to the previous estimate, our new resource estimate total indicated palladium ounces are 1.3 times the previously estimated ounces that were all inferred, plus the new additional inferred palladium ounces are 1.4 times the previously estimated inferred ounces, resulting in an improvement in ounces by a factor of approximately 2.7,” Wayne Tisdale, Canadian Palladium’s CEO, commented.
“The predominant contribution of palladium to the NSR value per tonne at East Bull makes this a valuable asset that has a favourable configuration for open-pit mining and benefits substantially from its location in the Sudbury mining camp. In addition, as shown by our recent drilling results, the project still has considerable exploration upside.”
The updated…
