5 L ocat e d nort h of T hunde r Bay O nt ari o Canada O ne of onl y t w o pri ma ry p al l adi um producers i n t he w orl d De pos i t i s uni qu e i n t he w orl d St rong pa l l adi um e nrichment ov e r si g nif i cant w i dt hs v s more t y pi cal PGE re e f t y pe de pos i t s O ff set Zone re ma i ns open at dept h t o t he w e st and sou t h Est ab l i shed i nfras t ruct ure w i t h e xcess cap aci t y 15 00 0 t pd mi l l ne w 8 00 0 t pd sha ft I ncre as i ng p roduct i on de cre as i ng operat i ng cost s Mini ng rat e of 3 00 0 t pd i n H1 14 up t o 5 00 0 t pd by YE Cas h cost s e xp e ct e d t o de cl i ne t o U S4 50 per ounce i n Q4 LDI Mi n e Mi ll Com plex A W ORL D CL ASS ASSET 1 5 0 0 0 t p d m ill ca p a cit y 8 0 0 0 t p d s haf t c a p a ci t y