NAP’s northwestern Ontario PGE greenfields properties comprise over 28,000 hectares of land and capture several discrete intrusive bodies, all believed to be related to the same magmatic event that formed the LDI deposits some 2.68 billion years ago. All of the greenfields properties occur within 30 km of the LDI mill. Discovery of new PGE resources stemming from a sustained investment into PGE greenfields exploration remains a strategic priority for the Company. NAP’s unique status as the only primary PGE producer in Canada provides a major competitive advantage in terms of maintaining exploration activity on its 100%-owned PGE greenfields projects over multi-year timeframes. Many of the greenfields properties are already known to host near-surface occurrences of palladium mineralization having strong similarities to the main mineralized zones at LDI. NAP’s advanced understanding of the controls on PGE mineralization at LDI can now be translated into value-creative discoveries of high-grade palladium mineralization on its attractive greenfields property portfolio.
Location of NAP’s PGE greenfields exploration properties on simplified regional geology map.
SHEBANDOWAN JOINT VENTURE PROPERTY
NAP retains a 50% interest in the Shebandowan nickel-copper-PGE property with its partner, Vale Canada Ltd. The Shebandowan Mine was in semi-continuous production between 1972 and 1998 and shipped nickel concentrate to Inco Ltd. smelters in Thompson & Sudbury. The property is located 90 km west of Thunder Bay and includes the past producing Shebandowan nickel mine and the Shebandowan West nickel deposit. NAP recently compiled all historical geological data for the property and is currently re-assessing the Shebandowan West deposit and the related inventory of exploration targets.
EMERALD LAKE JOINT VENTURE PROPERTY
NAP retains a 49% interest in the Emerald Lake copper-PGE property with its partner, Antofagasta Investment Company Limited, a wholly-owned subsidiary of Antofagasta Minerals plc. The Emerald Lake property was staked in late 2014 and is situated ~50 km to the east of Sudbury, Ontario. The property is being explored for magmatic copper- and PGE-rich sulfide mineralization.