Canadian miner Palladium One has announced it has received a class 1 exploration permit for the Canalaska nickel-copper project, mining-technology.com reports.
The class 1 exploration permit will allow the company a 12-month term to explore copper and nickel at the site, situated in the Yukon territory of Canada. In this time the company will also conduct preparatory work for future mining activity.
Preliminary assays from a small grab sample at the site have shown over 2% nickel and 6% copper at the site.
Palladium One acquired the project in June 2022 from fellow Canadian miner Victoria Gold Corp for C$7.23m ($5.65m).
Alex Shishlo for Rough&Polished
