Southern Palladium Reports Improved DFS Results for Bengwenyama Project
Key points
- DFS metallurgical test work significantly improved chrome and PGM recoveries
- Chrome recovery increased from 30% to 85.6%, making chrome a key revenue stream
- PGM recovery improved from 85.3% to 87.6%, enhancing overall project value
- Company's balance sheet is strong, with a cash balance of A$23.88 million
- Early development planning is subject to Mining Right grant and environmental approvals
Full summary
Southern Palladium Ltd reported significant advancements in the Bengwenyama project, particularly in the June 2026 quarter. The Definitive Feasibility Study (DFS) metallurgical test work demonstrated outstanding results, improving chrome and PGM recoveries. Chrome recovery increased from 30% to 85.6%, transforming it into a significant co-product. PGM recovery improved from 85.3% to 87.6%, enhancing overall project value. The company's balance sheet remains strong, with a cash balance of A$23.88 million. Early development planning is pending the granting of the Mining Right and environmental approvals.
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