- Advancing its River Valley PGM project to a Preliminary Economic Assessment in 2018
- Project has a measured and indicated resource of 91 Mt grading 0.84 g/t Pd + Pt + Au, 0.06% Cu, and 0.02% Ni, containing 3.9 Moz PdEq (palladium equivalent)
- Currently pursuing a 16,500 ft drill program to confirm and expand the newly discovered high-grade near surface resource on the northern portion of the project
- Palladium prices have almost doubled since the end of 2015
- Also has a portfolio of five hard-rock lithium projects in Canada
Global platinum production was approximately 5.5 Moz, and global palladium production was approximately 6.6 Moz in 2016. To put in perspective, global gold production was 99.2 Moz in 2016. The following charts show the top platinum and palladium producers in the world.Â
Canada is the fourth largest platinum (8% of global), and third largest palladium (11% of global) producer. The U.S. imports approximately 1.38 Moz of platinum (92% of its demand) and 1.92 Moz of palladium (86% of its demand) every year. The strong reliance on imports indicates the importance of PGM projects in North America.Â
Canada is the fourth largest platinum (8% of global), and third largest palladium (11% of global) producer. The U.S. imports approximately 1.38 Moz of platinum (92% of its demand) and 1.92 Moz of palladium (86% of its demand) every year. The strong reliance on imports indicates the importance of PGM projects in North America.Â
Palladium has been one of the best performing commodities in recent times as prices were up 96%, from US$500 per oz at the end of 2015, to the current price of US$980 per oz.Â
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