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Southern Palladium Limited (ASX:SPD)

ALERT: Price-sensitive ASX Announcement for SPD
Current share price for SPD : $1.765 0.28 (18.86%)+
Announcement
Release
30 Jul 2026 2:12PM
Price at Release
$1.485
Full Release
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Summary
The quarterly report for Southern Palladium Limited details the company's financial and operational activities for the period ending June 30, 2026. The report highlights a decrease in cash flow from operating activities due to exploration and evaluation costs, though this was offset by cash inflows from financing activities. The cash balance at the end of the quarter was A$23.88 million. Significant expenditures were directed towards technical studies and exploration management, with no mining production undertaken. Regulatory processes are ongoing, with the company awaiting a mining right to advance the Bengwenyama PGM project in South Africa.
Key Points
  • Southern Palladium Limited (SPD) is engaged in the exploration and evaluation of mineral resources, specifically focusing on the Bengwenyama PGM project in South Africa.
  • The company reported a net decrease in cash from operating activities amounting to A$703,000 for the current quarter.
  • Investing activities showed a net outflow of A$1,973,000, primarily due to exploration and evaluation expenses.
  • Financing activities resulted in a net cash inflow of A$5,940,000, mainly from the issue of equity securities.
  • As of June 30, 2026, the company holds a cash balance of approximately A$23.88 million.
  • Significant expenditures were made in technical studies, exploration management, and drilling as part of project evaluation efforts.
  • No mining production or development activities were undertaken during the reported quarter.
  • The company is awaiting the granting of a Mining Right from the South African Department of Mineral and Petroleum Resources.
  • Southern Palladium Limited continues to make progress in preparing for the development phase of the Bengwenyama Project.
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.