SPD.ASX: Mining Right Granted for SPD Bengwenyama PGM-Chrome Project

Mining Right Granted for SPD Bengwenyama PGM-Chrome Project

Stock	Southern Palladium Ltd (SPD.ASX)
Release Time	10 Aug 2026, 9:44 a.m.
Price Sensitive	Yes

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Southern Palladium Granted Mining Right for Bengwenyama Project

Key Points

Mining Right granted by South African DMPR for 30 years
Project expected to produce over 400 koz of PGMs annually
DFS completion scheduled for Q1 2027

Full Summary

Southern Palladium Limited has been granted a Mining Right by the South African Department of Mineral and Petroleum Resources for its Bengwenyama Platinum Group Metals (PGM)-chrome project. The grant marks a significant milestone in the project's development, allowing for the mining and extraction of PGMs, gold, copper, chrome, cobalt, silver, and nickel over the project area. The Mining Right is valid for an initial 30 years, with the possibility of renewal. The project is expected to produce over 400,000 ounces of PGMs and 1 million tons of high-grade chrome concentrate per annum. The company is now focused on completing the Definitive Feasibility Study, scheduled for Q1 2027, and preparing for early development works.

Outlook

The grant of the Mining Right is expected to accelerate project execution and operational readiness activities.