Southern Palladium, a PGMs development company, has applied for mining rights for its 70% owned Bengwenyama project located in South Africa's Bushveld Complex.
The application for mining rights covers platinum group metals, gold, copper, chromium, cobalt, silver, and nickel for the entirety of Limpopo farms Nooitverwacht 324 KT and Eerstegeluk 324 KT.
“This application marks our transition from a pure exploration to a development-focused company,” said Southern Palladium managing director Johan Odendaal.
The project is said to have a significant amount of palladium and rhodium.
The main objective is to execute a pre-feasibility study (PFS) and oversee the diamond drill programme that started over a year ago, along with other technical inquiries being conducted simultaneously.
Prior exploration efforts resulted in an inferred mineral resource of 25.12 million ounces in two ore horizons.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
