Opportunity

The Skaergaard Project in Greenland contains one of the largest palladium and gold deposits outside of the major PGM producing areas of Russia and South Africa

• The current MRE includes Indicated Mineral Resources of 81.6 million tonnes at 2.10 g/t PdEq resulting in 5.51 Moz contained PdEq ounces and Inferred Mineral Resources of 217.3 million tonnes at 2.05 g/t PdEq resulting in 14.4 Moz contained PdEq ounces at a cutoff grade of 1.43 g/t PdEq.
• Past metallurgical testing has demonstrated gold & palladium may be recovered through floatation with high recoveries
• One of the largest known palladium deposits outside South Africa and Russia

Strong development potential

A$16 million invested in drilling, metallurgy and studies

• Located on the east coast of Greenland
• Deposit also contains titanium, ilmenite, vanadium, copper and gallium
• Metallurgical test work has demonstrated the amenability of the gold and platinum group metal mineralization to processing
• Palladium market fundamentals robust – price peaked over US$2,500/oz in January 2020

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