Implats resumes drilling in Canada following NAP deal

South Africa’s Impala Platinum (Implats) has resumed drilling at the Sunday Lake platinum/palladium property in Ontario, Canada, following the completion of its C$758-million acquisition of North American Palladium (NAP) last month.

Prior to Implats buying NAP, the companies had a relationship dating back to 2017 through the Sunday Lake project, 30 km north of Thunder Bay. Implats now owns 75% of Sunday Lake and property generator Transition Metals has a free-carried interest through to the completion of a feasibility study.