Southern Palladium Ltd. (AU:SPD) has released an update.
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Southern Palladium Ltd. has successfully completed their initial drilling campaign for the Pre-Feasibility Study (PFS) of their Bengwenyama Platinum Group Metal project in South Africa, totaling 30,746 meters across 82 drillholes. The drilling results have confirmed the robustness of the UG2 Reef, aligning with initial Inferred Mineral Resource grades, and additional metallurgical test work is underway to enhance resource understanding. An updated Mineral Resource Estimate is anticipated in Q3 2024, which will be integral to progressing the project’s PFS.
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