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Highlights

  • Environmental Guarantee submitted to DMPR in accordance with mine rehabilitation provisions.
  • This development represents a key regulatory milestone after Environmental Authorisation granted in May 2025.
  • ~10,000m drilling program underway as part of the Definitive Feasibility Study (DFS).

Southern Palladium Limited (ASX:SPD) announced that it has lodged an Environmental Guarantee with South Africa’s Department of Mineral and Petroleum Resources (DMPR) in connection with the planned development of the Bengwenyama Platinum Group Metals (PGM) Project.

The Guarantee fulfils a requirement under South Africa’s financial provision regulations, designed to secure funding for environmental rehabilitation once mining operations conclude. This submission forms an essential part of the Company’s ongoing Mining Right application for the Bengwenyama Project.

Progress on Definitive Feasibility Study

The company stated that development work at Bengwenyama is proceeding in line with its planned schedule. A metallurgical and geotechnical drilling campaign of approximately 10,000m has recently commenced, forming part of the ongoing Definitive Feasibility Study (DFS).

This program is designed to provide critical data for mine design, orebody definition, and metallurgical testing in preparation for staged mine development. The company had previously outlined this phase of work in its 2 September 2025 announcement.

Management Statement

Managing Director Johan Odendaal commented:

“We are pleased to enter into this Guarantee, which marks another key step in the Mining Right approval process as we advance project development at Bengwenyama. The Guarantee follows an extensive consultation and execution process with our insurance counterparty and government representatives, and reflects the Company’s rigorous approach to ensure the highest standards of regulatory compliance for mine development. We remain well engaged with key stakeholders and continue to work towards Mining Right approval alongside the advancement of our comprehensive DFS works program in the coming months.”

Ongoing Focus

With the Environmental Guarantee now in place, Southern Palladium’s immediate focus remains on completing DFS-related activities and continuing engagement with authorities and stakeholders throughout the Mining Right approval process.

Company Overview

Southern Palladium is a mining company focused on the exploration, development, and production of Platinum Group Metals (PGMs) in South Africa. Its flagship project, the Bengwenyama PGM Project, aims to develop a staged mining operation supported by comprehensive feasibility studies and regulatory approvals.

Share Performance

The company is currently trading at AUD 1.350 and up by 18.421% from its previous close of AUD 1.140.