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Southern Palladium Limited (ASX:SPD)

ALERT: Price-sensitive ASX Announcement for SPD
Current share price for SPD : $1.000 0.035 (3.63%)+
Announcement
Release
30 Oct 2025 9:53AM
Price at Release
$0.965
Full Release
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Summary
Southern Palladium Limited provided an update on its quarterly activities and cash flow for the period ending 30 September 2025. The report highlights substantial progress in the Bengwenyama PGM Project, including the commencement of a 10,000-meter drilling program and the advancement of the Definitive Feasibility Study. Financially, the company reported a net cash outflow from operations of A$706,000 and a total expenditure of A$1,069,000 for exploration and project evaluation. The company secured firm commitments for a placement to raise A$20 million, with the first tranche completed, to support its ongoing project development and community engagement strategy. The cash balance at the end of the quarter stood at A$6.90 million, excluding subsidiary holdings.
Key Points
  • Commencement of a 10,000m drilling program at Bengwenyama.
  • Progress on the Environmental Guarantee for Mining Right application.
  • Net cash outflow from operations was A$706,000.
  • Exploration and evaluation expenditure totaled A$1,069,000.
  • Firm commitments for a A$20 million placement secured.
  • Cash balance at the quarter end was A$6.90 million, excluding subsidiaries.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.