Southern Palladium Advances Bengwenyama PGM Project and Secures A$20m Funding Boost

Southern Palladium Ltd. ( (AU:SPD) ) has issued an announcement.

Southern Palladium reported strong progress in the December 2025 quarter on advancing the Bengwenyama PGM project toward development, with key Definitive Feasibility Study activities moving ahead, including completion of drilling for metallurgical assays, ongoing geotechnical drilling in the South block, and surface geotechnical work across planned decline and plant site areas to refine mine design and de-risk Stage 1 development. The company also advanced permitting by lodging all required documentation under South Africa’s mining legislation and submitting its Environmental Guarantee, while a A$20 million capital raising significantly strengthened its balance sheet, fully funding completion of the DFS and early mine development activities and positioning Southern Palladium for a potential Mining Right approval and Final Investment Decision in 2026, reinforcing its standing as a high-quality PGM development play amid supportive market conditions and rising institutional interest.

The most recent analyst rating on (AU:SPD) stock is a Hold with a A$2.50 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 Ltd is a dual-listed platinum group metals (PGM) developer focused on the advanced Bengwenyama project in South Africa’s Bushveld Complex, one of the world’s most prolific PGM regions. The project is particularly rich in platinum, palladium, rhodium and chrome, and benefits from its location in an established underground mining district with existing expertise, services and critical infrastructure.

Average Trading Volume: 291,471

Technical Sentiment Signal: Buy

Current Market Cap: A$301.7M

For an in-depth examination of SPD stock, go to TipRanks’ Overview page.