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Southern Palladium Limited (ASX:SPD)

ALERT: Price-sensitive ASX Announcement for SPD
Current share price for SPD : $1.920 0.155 (8.78%)+
Announcement
Release
10 Aug 2026 9:44AM
Price at Release
$1.765
Full Release
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Summary
Southern Palladium Limited has successfully secured a Mining Right for its Bengwenyama Platinum Group Metals (PGM) and chrome project in South Africa. This right, granted by the South African Department of Mineral and Petroleum Resources, is a significant regulatory achievement for the company. It allows mining for a 30-year period with the possibility of renewal. The project is notable for its high-grade chrome co-production and is partly owned by the Bengwenyama Community, highlighting strong local partnerships. The definitive feasibility study is slated for completion in early 2027, while initial mining activities could begin by late 2026, once necessary environmental permits are obtained. The project, situated in the Bushveld Complex, benefits from its strategic geological position, supporting its potential as a leading PGM-chrome operation.
Key Points
  • Southern Palladium Limited's Mining Right for the Bengwenyama Project was granted by the South African Department of Mineral and Petroleum Resources.
  • The Mining Right marks a major regulatory milestone and is granted for an initial period of 30 years.
  • The project is a joint venture with the Bengwenyama Community, with Southern Palladium holding a 70% interest.
  • Recent metallurgical results reinforced the project's potential as a world-class PGM-chrome project.
  • The Definitive Feasibility Study is scheduled for completion in the first quarter of 2027.
  • Early development and mining activities are set to commence by the end of 2026, pending permitting processes.
  • The project is located in the Bushveld Complex, a premier global PGM jurisdiction, offering significant geological advantages.
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.