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The latest announcement is out from Southern Palladium Ltd. ( (AU:SPD) ).
Southern Palladium reported substantial progress at its Bengwenyama project in the March quarter, highlighted by metallurgical test work that nearly doubled chromite recoveries to about 65%, significantly enhancing revenue potential. Dense Media Separation has been confirmed as a value-accretive addition to the processing flowsheet, reducing downstream processing needs and prompting a redesign that, along with rain-related drilling delays, shifts Definitive Feasibility Study completion to late Q4 2026.
Drilling and geotechnical programs are advancing to support mine design optimisation and early development planning, while the appointment of an experienced project manager bolsters execution capability as the project moves toward development. The company continues close engagement with regulators to secure a Mining Right and environmental approvals, and with a cash balance of A$20.62 million, says it is fully funded to complete the DFS and early development activities, reinforcing confidence in Bengwenyama as a potentially globally significant, low-cost PGM project for stakeholders.
More about Southern Palladium Ltd.
Southern Palladium Ltd is a dual-listed platinum group metals developer focused on the advanced Bengwenyama PGM project in South Africa’s Bushveld Complex. The orebody is rich in platinum, palladium, rhodium and chrome, and the company is advancing it as a high-grade, shallow UG2 operation in a major underground mining region with existing infrastructure.
Average Trading Volume: 245,305
Technical Sentiment Signal: Buy
Current Market Cap: A$243.5M
For an in-depth examination of SPD stock, go to TipRanks’ Overview page.