Interview with Johan Odendaal, Non-independent Non-executive Director & MD of Southern Palladium Ltd.

Our previous interview: https://www.cruxinvestor.com/posts/southern-palladium-spd-17m-for-2023-drill-programme-for-upgraded-resource-2822

Recording date: 27th September 2023

Southern Palladium Limited (Southern Palladium) is a mineral exploration company dual-listed on the Australian Securities Exchange (ASX code: SPD) and the Johannesburg Stock Exchange (JSE code: SDL). The company's primary asset is its 70% interest in the Bengwenyama Platinum Group Metal (PGM) project located on the Eastern Limb of the Bushveld Complex in South Africa's Limpopo Province.

The Bengwenyama project contains resources of 25.12 million ounces of platinum group metals (PGMs) plus gold, comprising platinum, palladium, rhodium, gold, iridium, osmium and ruthenium. The project includes the UG2 and Merensky reefs with the majority of resources located in the UG2 reef. The project has a total resource of 149.3 million tonnes at a grade of 4.48g/t 4E PGM+gold.

Southern Palladium commenced drilling at Bengwenyama in August 2022 after raising A$19 million in its June 2022 initial public offering (IPO). Drilling results to date have led to a 34% increase in resources to 25.12 million ounces. The company is targeting completion of a pre-feasibility study in 2023 to support a mining right application and initial production by 2025.

With its large, shallow PGM resource situated between tier 1 PGM mines, Southern Palladium offers exposure to PGMs critical for emissions control and the green economy. The company aims to rapidly advance the pre-development Bengwenyama project towards production to capitalize on strong PGM market fundamentals.

View Southern Palladium's Company Profile: https://www.cruxinvestor.com/companies/southern-palladium