I have done some research and this is what I have found:
"The Nanadie Well Deposit lies on a tenementsubject to a Farmin and Joint Venture Agreement (Nanadie Well JointVenture) with Intermin Resources Limited (ASX: IRC) whereby Mithril can earn a 60% interest in the tenements bycompleting expenditure of $2M by 14 October 2019, and an additional 15% by completing further expenditure of$2M over a further 2 years. To date Mithril has spent approximately $1.4M on the project."
and this,
"Previous drilling at Nanadie Well has focused on copper and gold, with the overwhelming majority of higher gradecopper intervals (i.e. greater than 1% copper) never having been analysed for cobalt.Mithril’s selective resampling of historic RC drillholes within the deposit has returned elevated cobalt as well asnickel, platinum and palladium, the best results being (see Table 1 and Figure 2);
1m @ 2.97% copper, 1.27g/t gold, 0.15% cobalt, 0.47% nickel and 478ppb platinum + palladium(“PGE’s”) from 128m hole NRC12015 (grab sample),
1m @ 5.71% copper, 0.86g/t gold, 0.07% cobalt, 0.49% nickel and 128ppb PGE’s from 146m inNRC12013 (grab sample), and
1m @ 4.50% copper, 0.87g/t gold, 0.06% cobalt, 0.82% nickel and 168ppb PGE’s from 128m inNRC12015 (grab sample),
While the resampling results highlight the deposit’s cobalt potential, further work is required to betterunderstand the grade and distribution of cobalt, nickel and PGE mineralisation at Nanadie Well and with this inmind, diamond drilling to test for further high-grade copper and associated cobalt is planned for the June 2017Quarter."
In summary, to say that IRC has some palladium is true but is drawing a rather long bow in it being of any value to the IRC current SP because the above report is from 2017. Currently Mithril don't seem to be doing any work on this project, judging by their recent quarterly report. They have no money for drilling so we are quite likely to get this ground back in October 2019. Perhaps then you could start talking about palladium, because we would have the cash to fund a drill program, if required. Their share price is currently .007 cents if you value their palladium and want to take a dip.
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