Southern Palladium addresses share price fluctuations, highlights project progress

Southern Palladium Limited addressed a price query from the Australian Stock Exchange (ASX) concerning a recent share price movement. The company stated it was unaware of any unannounced information that could explain the trading. However, it highlighted the results of its optimized prefeasibility study, announced on July 10, 2025, which indicated a project NPV of $857 million. The study was based on conservative PGM commodity prices, which have since risen, potentially increasing the project NPV and improving investor sentiment towards the PGM sector.

The company also noted increased awareness of its Bengwenyama PGM project. On September 2, 2025, Southern Palladium announced the commencement of detailed metallurgical and geotechnical drill programs, part of ongoing field work for the definitive feasibility study for the Bengwenyama Platinum Group Metals (PGM) project, which is expected to be completed in the first half of 2026. The company confirmed it is not yet in possession of any results from this drilling.

Additionally, Southern Palladium announced its financial results for the year ended June 30, 2025, on September 25, 2025. executive chairman Mr. Roger Baxter also delivered a presentation at the Resources Rising Stars Gold Coast Investor Conference on September 17/18, 2025, which was released to the market on September 16, 2025. The company affirmed its compliance with ASX Listing Rules.