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Palladium One Expands 2021 Drill Programs to 27,000 Meters, Exploration Budget to $11.5 Million and Provides LK Project Update

March 3, 2021


March 3, 2021 – Toronto, Ontario – Planned exploration activities in 2021 have been expanded at both the palladium dominant Läntinen Koillismaa (“LK”) PGE-Ni-Cu project in Finland and the Tyko Nickel-Copper project in Ontario, Canada, said Palladium One Mining Inc. (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: $NKORF today.

Derrick Weyrauch, President and CEO of Palladium One said, “A cash balance of $19.7 allows for the acceleration of exploration activities and expansion of the initial 2021 exploration budget to $11.5 million. The expanded program in Finland lets us complete resource definition drilling at the Kaukua South and Haukiaho zones while also initiating drilling at potential eastern and western extensions of Kaukua South. At the Tyko project, our expanded program will be centered on new target development, infill drilling, and expansion of known high-grade nickel mineralization at the Smoke Lake zone.”

Expanded 2021 Program Details

Initial budget $11.5 million.
Planned drilling 27,000 meters (Finland – 23,000 meters, Canada – 4,000 meters)
Planned drilling in Finland includes completion of the 17,500-meter Phase II drill program in preparation of an initial NI43-101 resource estimate at the Kaukua South zone (H1 2022), 2,000 meters of infill drilling at the Haukiaho zone in preparation for an initial NI43-101 resource estimate and 6,500 meters of reconnaissance drilling for potential strike length expansions at Kaukua South.
Induced Polarization and Magnetic surveys on potential west and eastern strike extension of Kaukua South.
Phase II metallurgical testing at LK project.
Borehole Electromagnetic (“BHEM”), horizontal loop EM and regional airborne Magnetic and EM surveys at the Tyko project.
Expected cash balance in excess $8 million at yearend, thereby providing sufficient funding for additional 2021 program expansions as may be appropriate, and program extension into 2022.

The Company is also planning to undertake regional exploration work during 2021 including soil surveys and mapping and may further modify its 2021 plans as results are received.

Exploration Update - Finland

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