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An announcement from Southern Palladium Ltd. ( (AU:SPD) ) is now available.
Southern Palladium has appointed veteran mechanical engineer Mark Humphery as Project Manager for its Bengwenyama project in South Africa, bolstering its execution capabilities as the asset moves from study work into development. Humphery, who brings more than 28 years of global mining experience across feasibility, construction and commissioning, will be based on site and play a central role in coordinating drilling, geotechnical design, community engagement and input into the Definitive Feasibility Study, with an underground manager hire to follow.
The company also reported that final approval of the Bengwenyama mining right is pending with South Africa’s Department of Mineral and Petroleum Resources, noting that statutory requirements have been met and the application is fully backed by the 30% shareholder Bengwenyama Community. Together, the senior project appointment and anticipated permitting decision mark a pivotal phase for Southern Palladium as it positions Bengwenyama for full-scale development, potentially de-risking the project for investors and local stakeholders.
The most recent analyst rating on (AU:SPD) stock is a Sell with a A$1.50 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 Limited is an exploration and development company focused on the Bengwenyama platinum group metals project on the Eastern Limb of South Africa’s Bushveld Complex. Listed on the ASX and JSE, the company is progressing this asset from study phase towards production, targeting underground mining operations supported by processing and associated infrastructure.
Average Trading Volume: 338,049
Technical Sentiment Signal: Buy
Current Market Cap: A$170.1M
For detailed information about SPD stock, go to TipRanks’ Stock Analysis page.