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Southern Palladium Ltd. ( (AU:SPD) ) just unveiled an update.
Southern Palladium has reported positive metallurgical test work results from its Definitive Feasibility Study for the Bengwenyama PGM Project, confirming the high-grade nature of the UG2 mineral resource. The recent drilling and sampling campaign produced composite UG2 and footwall samples from multiple drillholes in the planned first decade production area, which were assayed for key PGMs and chrome content.
Test work by specialist laboratories shows that chrome concentrate recoveries can be increased significantly by using a coarser grind spiral feed, with recoveries of 65% achieved versus 30% previously assumed in the Optimised Pre-Feasibility Study. The company also identified that adding a Dense Media Separation circuit, absent from earlier designs, can remove substantial waste rock and reduce the size of the downstream mill-float circuit, materially improving chrome-related revenues and supporting stronger project economics.
More about Southern Palladium Ltd.
Southern Palladium Limited is an exploration and development company focused on the Bengwenyama platinum group metals project, targeting UG2 reef mineral resources in South Africa. The company aims to produce high-grade PGM and chrome concentrates, positioning itself within the platinum group metals and chrome value chains for long-term mine development.
Average Trading Volume: 311,375
Technical Sentiment Signal: Buy
Current Market Cap: A$204.6M
For detailed information about SPD stock, go to TipRanks’ Stock Analysis page.