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North American Palladium Ltd.

North American Palladium (NAP) is an established PGM producer that has been operating its flagship Lac des Iles (LDI) mine in northern Ontario, Canada since 1993.  The Company’s vision is to become a low cost mid-tier precious metals producer with over 250,000 ounces in annual production.

LDI is one of only two primary palladium producers in the world, offering investors exceptional leverage to the rising price of palladium. The mine is currently undergoing a major expansion to increase palladium production and reduce cash costs per ounce.

The mine expansion consists of transitioning underground operations to shaft access mining while utilizing a high volume bulk mining method.  Through the utilization of the shaft and the bulk mining method, LDI is expected to benefit from increased production at reduced operating costs and yield higher operating margins.

Beyond the mine expansion, there remains significant exploration upside near the mine, where a number of growth targets have been identified for exploration. The exploration upside is further complimented by LDI’s existing site infrastructure, including the excess capacity of the mill.