North American Palladium Ltd. is a platinum group metal (PGM) producer on a permitted property. The Company's only material asset is the Lac des Iles property. The Company's Lac des Iles property is located approximately 90 kilometers northwest of the City of Thunder Bay, Ontario, Canada. The property consists of an inactive open pit and a mill with a nominal capacity of approximately 15,000 tons per day. The primary deposits on the property are the Roby Zone and the Offset Zone both disseminated magmatic nickel-copper- platinum group element (PGE) deposits. Its northwestern Ontario PGE greenfields properties consist of over 28,000 hectares of land and capture various discrete intrusive bodies. In addition to its approximately 8,650 hectares Lac des Iles property, the Company holds the rights to various PGE and gold properties in Ontario. It has ownership in a joint venture for the Shebandowan nickel-copper-PGE property, including the past-producing Shebandowan nickel sulfide mine.