Wide Ranging Applications Help Bolster the Demand for Precious Metals - Seite 2

Palladium One Mining Inc. (OTC: NKORF) (TSX-V: PDM) is also listed on the TSX Venture Exchange under the ticker (TSX-V: PDM). Earlier this week, the Company announced that it, "has retained a local diamond drilling contractor, Northdrill Oy, from Rovaniemi, Finland, to conduct a winter drill program at the palladium dominant, Lantinen Koillismaa ("LK") PGE-nickel-copper project. Crews are scheduled to mobilize on or about February 24th and begin drilling immediately thereafter.

'Our primary goal for the current drill program is to upgrade and convert the historical resource estimate at Haukiaho, to a current NI43-101 resource estimate. Adding palladium ounces to our existing palladium resource endowment, at a time when persistent unreconcilable supply deficits exist is needed to help ensure security of supply.

Analysts1 report that in 2019, the palladium supply deficit reached 1,200,000 ounces while automotive demand reached an all-time high of 9,700,000 ounces and total mine supply was only 6,900,000 ounces. Despite lower vehicle production in 2019, the intensifying use of palladium in gas-powered cars in Europe and China has propelled demand to a record level. As an increasing number of vehicles produced meet the China 6 and Euro 6D legislative standards, the 8-year palladium deficit appears likely to continue and increase in 2020,' commented Derrick Weyrauch, President and CEO.

Permitting Update

On February 13, 2020, the Finish Mining Authority approved three Enforcement Decisions (see news release February 13, 2020) which allow the Company to carry out all planned exploration activities, including drilling, irrespective of any appeals process. The three approvals are in respect of Kaukua zones of the LK project.

Drill Program

The planned drill program consists of up to 5,000m of diamond drilling and is to start at the Kaukau deposit and then move to the Haukiako zone, where a historic resource estimate exists. (see new release January 9, 2019). In 2011 Haukiaho was drilled at very wide spacing, the Company plans to infill and expand this drilling. Haukiaho represents the main focus of the current program and drilling will target higher grade zones delineated by the current IP survey program.