Southern Palladium Fast Tracks Stage One Development of South Africa Project, Shares Rise 10%

MT Newswires Live

Nov 24

Southern Palladium (ASX:SPD) fast-tracked the stage-one development of its Bengwenyama platinum group metals project in South Africa, with planning well advanced for a decline to intercept UG2 reef, according to a Monday Australian bourse filing.

The company is planning additional drilling for early 2026 on some of the shallower zones to confirm geological structure and rock competency.

All requirements to grant the mining right have now been met, the filing added.

The company's shares rose past 10% in recent Monday trade.

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