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Southern Palladium
Southern Palladium is a dual-listed company advancing development of one of the world’s largest remaining underdeveloped tier-1 resources – the Bengwenyama PGM-Chrome project.
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Bengwenyama PGM-Chrome Project
One of the World’s Significant Undeveloped PGM-Chrome Resources Located on South Africa’s Bushveld Complex, Bengwenyama combines scale, grade and strategic chrome co-product potential.
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Advancing metals for the future
Southern Palladium secures the Mining Right for the Bengwenyama PGM-Chrome project, taking the project from planning to execution.
The project is now materially de-risked, progressing towards completion of the DFS and being prepared for mine development.
About us
Southern Palladium is developing a globally significant PGM-chrome project for a rapidly evolving world. The Bengwenyama PGM-Chrome project is located in the Eastern Limb of South Africa’s Bushveld Complex, home to up to 80% of the world’s PGM reserves. Bengwenyama has been granted a Mining Right and is being advanced to the next phase of development.
Why future-facing metals?
Bengwenyama offers exposure to two strategically important metal groups: PGMs and chrome. PGMs are vital in cleaner technologies, mobility, medical and industrial applications, while chrome is essential to stainless steel, supporting infrastructure, construction and manufacturing. This combination strengthens Bengwenyama’s relevance, value and long-term strategic importance.
Latest updates
HIGHLIGHTS
MOZ
Total JORC-compliant resource
(UG2 + Merensky)
>
koz/yr
Stage 1 production from 2029
years
Life of mine from UG2 reef alone
%
Lower capex
Reduced peak funding requirement
% IRR
Strong economic returns
Why PGMs?
Platinum group metals (PGMs) are critical to future industries, from clean energy to automotive, artificial intelligence, medical applications and more.
With rising demand, limited supply and South Africa at the heart of production, PGMs offer strong long-term value.
Our community
Southern Palladium’s partnership with the Bengwenyama-ya-Maswazi community is central to our identity.
The community holds a 30%1 direct interest in the project, ensuring they share in its success. Our guiding principle is simple: development must respect history, preserve culture and create opportunity for future generations.
We are pleased to share another positive step forward for the Bengwenyama PGM-Chrome Project.
The updated Prefeasibility Study values the project at US$1.96 billion after tax, marking encouraging progress as Bengwenyama moves closer to development. With the Mining Right awarded in August 2026, our next major milestone is the Definitive Feasibility Study, targeted for completion by the end of March 2027.
For us, progress is not only about advancing the project. It is also about the potential to support local economic activity and create meaningful opportunities for the communities around us.
There is still important work ahead, and we look forward to taking the next steps responsibly, openly and together with our communities and stakeholders.
#BengwenyamaProject #SouthernPalladium #PGM #Chrome #Mining
Via Investor Stream: Southern Palladium Limited’s (ASX: SPD; JSE: SDL) latest DFS testwork has reshaped how the market views the project, and Bridge Street Capital Partners. responded with analysis that lifted its valuation by about 20% on the back of the results. That shift was driven in large part by chrome moving from a secondary contributor to a meaningful revenue driver, with stronger recoveries and improved project economics.
Alex Paull of Investor Stream spoke with Bridge Street Capital analyst Dr Chris Baker to discuss the catalysts for the conceptual valuation of A$9.80 per share, as well as delving into the impact of these changes, and the further upside for SPD as the DFS progresses. WATCH 👇
https://lnkd.in/gaUTA4AA
#SPD #SDL #PlatinumGroupMetals #PGMs #Chrome #Mining #DFS #Equities #MiningStocks #ResourceStocks #CriticalMinerals #Commodities #InvestorStream
One of the most significant undeveloped PGM projects globally
