Palladium One Expands Nickel-Copper District in Canada

About Palladium One Mining Inc.

Palladium One Mining Inc. (TSXV: PDM) is a Canadian mineral exploration and development company focused on discovering and developing critical minerals for the green transportation industry. Their flagship asset is the Läntinen Koillismaa (LK) PGE-copper-nickel project in Finland. The company also has district-scale nickel-copper projects in Ontario, Canada (Tyko) and the Yukon (Canalask). With climate change and clean energy transition in focus, Palladium One is advancing projects containing the essential raw materials needed for electric vehicles, renewable power, and green hydrogen production.

Palladium One Bolsters Nickel-Copper Strategy by Expanding Tyko District in Ontario, Canada

On September 11, 2023, Palladium One announced the significant expansion of its Tyko Nickel-Copper Project located in Ontario, Canada. The acquisition of the new Tyko II claims grows the total land package by 8,620 hectares to 38,130 hectares, establishing a sizable district scale nickel-copper play.

Tyko II is situated approximately 10 kilometers north of Tyko I and 15 kilometers east-southeast of the town of Manitouwadge. It encompasses the promising Faries-Moshkinabi mafic-ultramafic complex which contains multiple mineralized showings analogous to Tyko I. The property is road accessible and includes existing exploration permits, allowing for a near term drilling program.

Palladium One’s President and CEO Derrick Weyrauch stated: "This property expansion bolsters the Company’s nickel – copper strategy in a premiere mining jurisdiction and specifically in a highly prospective, relatively unexplored region, where it now controls 38,130 hectares. Tyko II brings an additional pipeline of drill permitted magmatic copper - nickel sulphide targets.”

With over $14 million cash on hand, Palladium One is funded for exploration and drilling activities at Tyko. Having completed the majority of the planned 2023 prospecting, mapping and soil sampling program, Palladium One has made significant progress on target delineation and is slated to resume drilling at Tyko in mid-October.

Highlights of the Tyko II Copper-Nickel-PGE Property

• Historic grab samples from mineralized zones returned up to 1.17% copper, 0.73% nickel, 2.4 g/t palladium, and 0.2 g/t platinum, indicating strong potential for copper-nickel-PGE discoveries.
• Multiple untested electromagnetic geophysical anomalies provide clear drill targets and exploration upside.
• The Faries-Moshkinabi mafic-ultramafic complex shares similarities with Palladium One’s flagship Tyko deposit, including associated copper-nickel-PGE showings.
• Good infrastructure with road access and proximity to the town of Manitouwadge.
• Existing exploration permits allow for near term drill testing of targets.

Limited Historic Exploration Leaves Significant Potential

While the Manitouwadge Greenstone Belt to the north has been explored over decades, resulting in world-class VMS discoveries, limited work has been done on the Faries-Moshkinabi Complex south of Moshkinabi Lake. Sporadic government mapping programs date back to the 1930’s and 1960’s. A Falconbridge drilling program in the 1960’s consisted of only 7 scout holes.

In the late 1980’s, a Noranda surface exploration program identified significant copper mineralization in 16 drill holes near Faries Lake. Noranda also flew a regional airborne electromagnetic and magnetic geophysical survey over the northern half of Tyko I and majority of Tyko II. Multiple conductors from this historic survey remain untested on Tyko II, representing excellent exploration targets.

Since the 1990’s, prospecting work has located additional copper-nickel-PGE mineralized showings within the Faries-Moshkinabi Complex on the Tyko II claims. However, systematic exploration and drilling has still been very limited on the property package assembled by Palladium One. The known mineralized showings and geophysical anomalies provide a strong foundation for new discoveries.

Favorable Geology

The Faries-Moshkinabi Complex is situated on the southern margin of the geologically favorable Manitouwadge-Hornepayne Greenstone Belt. It likely represents a layered mafic to ultramafic intrusive complex comprising gabbro, anorthosite, leucogabbro and peridotite.

The complex shares similarities with Palladium One’s Tyko I deposit, where drilling has returned high-grade nickel and copper intercepts. Tyko II also contains altered volcanic rocks which could host VMS style copper-zinc mineralization analogous to the world-class Geco mine located 15 kilometers northwest.

In summary, the mineralized showings, prospective geology and geophysics make the Faries-Moshkinabi Complex on Tyko II a compelling target for magmatic nickel-copper and VMS discoveries. Palladium One’s systematic exploration program will vector in on the best targets for maiden drill testing.

Investment Summary

With the acquisition of Tyko II, Palladium One has greatly expanded its nickel-copper-PGE potential in Ontario’s prolific Manitouwadge mining region. The Tyko district now covers over 38,000 hectares and provides a pipeline of drill-ready targets.

With the 2023 program almost complete, the company focused on refining targets for the next phase of drilling for mid-October. Recent high-grade nickel-copper intercepts at the flagship Tyko deposit demonstrate the potential of the Complex.

Palladium One is well funded to continue advancing its nickel-copper assets. The company is strategically positioned with district scale projects containing critical minerals needed for the low-carbon future.

As the world transitions to electric vehicles, renewable energy, and green hydrogen, demand for copper, nickel, palladium and platinum looks robust. Supply constraints for these metals highlight the importance of new mining projects. Jurisdictionally safe locations like Ontario, Canada are increasingly important for securing metals supply.

Investors seeking leverage to in-demand battery and catalyst metals may want to consider Palladium One Mining. The recent Tyko II acquisition provides additional upside potential alongside the flagship Tyko and LK projects. With exploration ongoing and drilling poised to resume, Palladium One offers investors discovery potential in a strategic metals and mining jurisdiction.