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Southern Palladium Ltd. ( (AU:SPD) ) has provided an announcement.
Southern Palladium reported strong progress on the Definitive Feasibility Study for its Bengwenyama PGM Project, with Phase 2 drilling about halfway complete at 6,651 metres across 52 drillholes and 37 deflections. Key technical workstreams, including metallurgical sampling, surface geotechnical drilling and test pitting, have been completed, while underground geotechnical and resource infill drilling remain on schedule, backed by results that support the geological model and enable shallower, more consistent reef access. The company is also optimising its mine design, increasing the decline gradient to reduce development metres with limited cost impact, advancing metallurgical test work on a conventional MF2 processing circuit aimed at improving chromite recovery, and moving into early development planning with contractor RFQs issued and site mobilisation targeted from mid-2026, keeping DFS completion on track for the end of August 2026 and marking a key de-risking step for the project and its stakeholders.
The most recent analyst rating on (AU:SPD) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Southern Palladium Ltd. stock, see the AU:SPD Stock Forecast page.
More about Southern Palladium Ltd.
Southern Palladium Limited is an Australia-based platinum group metals (PGM) developer listed on the ASX and JSE, focused on advancing the Bengwenyama PGM Project in South Africa’s Bushveld Complex. The company’s activities centre on defining and developing a shallow, capital-efficient UG2 reef operation, with workstreams spanning resource drilling, feasibility studies, mine design and processing optimisation to position the project as a competitive new PGM producer.
Average Trading Volume: 308,681
Technical Sentiment Signal: Buy
Current Market Cap: A$241.6M
For detailed information about SPD stock, go to TipRanks’ Stock Analysis page.