Michelin: Preliminary Economic Assessment

About Michelin

  • Paladin holds 100% interest in 98,320 ha of mineral licences in Labrador, Canada.
  • Largest of the six deposits is Michelin.
  • Among largest deposits in North America.
  • US$75M of total historical in-ground exploration to-date.

Paladin, through its wholly-owned subsidiary Aurora Energy Ltd (Aurora), holds a 100% interest in 98,320 hectares of mineral exploration licences.

These are located within the Central Mineral Belt of Labrador, Canada. The area is approximately 140km north of Happy Valley-Goose Bay and 40km south-west of the community of Postville.

In June 2015, the Federal Canadian Government granted Paladin an exemption to the Non-Resident Ownership Policy.

The Michelin Project is at a Preliminary Economic Assessment phase that is being supported by ongoing exploration.