North American Palladium (NAP), the owner of the Lac des Iles (LDI) mine in Canada, has vested a 51% interest in the Sunday Lake project, leaving South African platinum major Impala Platinum (Implats) with a 24% shareholding, down from 75%.
NAP has an option to earn Implats’ 75% in the 2 600 ha prospect, which is located about 60 km north of its Lac des Iles mine, in Thunder Bay, Ontario.