FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
The Securities Exchange Act of 1934
For the month of September, 2003 Commission File Number: 0-20235
NORTH AMERICAN PALLADIUM LTD.
(Name of Registrant)
130 Adelaide Street West
Suite 2116
Toronto, Ontario
Canada M5H 3P5
(Address of Principal Executive Offices)
Indicate by checkmark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F [ ] Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):__
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):__
Indicate by checkmark whether the registrant, by furnishing the information
contained in this Form is also thereby furnishing the information to the SEC
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes [ ] Assigned File No. ____________ No [X]
If "Yes" is marked, indicate the file number assigned to the Registrant in
connection with Rule 12g3-2(b).
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Forward-Looking Statements - Certain statements included in this report and
exhibits are forward-looking statements within the meaning of the United States
Private Securities Litigation Reform Act of 1995, such as estimates and
statements that describe the Company's future plans, objectives and goals,
including words to the effect that the Company or management expects a stated
condition or result to occur. Such forward-looking statements involve inherent
risks and uncertainties and other factors that may cause the actual results or
performance to differ materially from those currently anticipated in such
statements. Important factors that could cause actual results to differ
materially from those currently anticipated are described in the Company's most
recent Annual Report under "Management's Discussion and Analysis of Financial
Results" and Annual Information Form under "Risk Factors" on file with the U.S.
Securities and Exchange Commission and Canadian provincial securities regulatory
authorities. The Company disclaims any obligation to update or revise any
forward-looking statements whether as a result of new information, events or
otherwise.
The Company is required under Canadian law (National Instrument 43-101)
to calculate and categorize mineral reserves and resources under the Canadian
Institute of Mining Metallurgy and Petroleum Standards on Mineral Resources and
Reserves - Definitions and Guidelines. These guidelines establish definitions
for the reporting of exploration information, mineral resources and mineral
reserves in Canada. These definitions have not been adopted for use in the
United States by the Securities and Exchange Commission (the "SEC").
The CIM definitions of proven and probable reserves are substantially
in accordance with the definitions of proven and probable reserves as set out
Industry Guide No. 7 under the U.S. Securities Act of 1933, as amended. In
addition, Canadian law requires disclosure of mineral resources that equate to
measured, indicated and inferred resources if such resources are material to the
company. While the terms "mineral resource", "measured mineral resource",
"indicated mineral resource" and "inferred mineral resource" are recognized and
required by Canadian regulations, they are not defined terms under the standards
in the United States. As such, the information contained in the technical report
(and in particular sections entitled "Reserves" and "Resources"), attached as an
exhibit hereto, concerning descriptions of mineralization and resources under
Canadian standards may not be comparable to similar information made public by
U.S. companies subject to reporting and disclosure requirements of the SEC.
"Indicated mineral resource" and "inferred mineral resource" have a great amount
of uncertainty as to their existence and a great uncertainty as to their
economic and legal feasibility. It cannot be assumed that all or any part of an
"indicated mineral resource" or "inferred mineral resource" will ever be
upgraded to a higher category. Investors are cautioned not to assume that any
part or all of the mineral deposits in these categories will ever be converted
into reserves.
This report on Form 6-K, dated October 3, 2003, is specifically
incorporated by reference into North American Palladium's Registration Statement
on Form S-8, filed on July 2001.
Maps and illustrations not included in the technical report, attached as Exhibit
1, can be viewed by accessing the Company's documents posted on the System for
Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
NORTH AMERICAN PALLADIUM LTD.
October 3, 2003 /s/ Mary Batoff
Date: ___________________________ By: ______________________________
Mary Batoff
Title: Secretary
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EXHIBIT INDEX
Exhibit Description of Exhibit
1 Technical Report prepared in accordance with Canadian
National Instrument 43-101 dated September 12, 2003
2 Consent of Author dated September 18, 2003