Southern Palladium has transitioned to the pre-feasibility study (PFS) stage at its Bengwenyama platinum group metal project in South Africa.
The company has completed more than 30,000 metres of diamond drilling as the main activities at the Bengwenyama project have now moved to the completion of PFS and the environmental impact assessment, which are part of the company’s forthcoming environmental impact report (EIR) submission for the granting of the mining right.
It said the initial target area in the shallow portion of Eerstegeluk was successfully converted to indicated mineral resources by the end of 2023.
The recent drilling targeted the North Horst Block to get a better understanding of that area for the forthcoming PFS and potentially convert more of the Inferred resource to Indicated status.
“Notably, the initial target area in Eerstegeluk has been successfully converted to Indicated Mineral Resources by the end of 2023, marking significant progress,” said company managing director Johan Odendaal.
“With assay results for the North Horst Block still pending, the project already boasts an existing Indicated and inferred mineral resource estimate of 26.22Moz (6PGE+Au).”
He said Southern Palladium remains well-funded to see the PFS through to completion early in the fourth quarter of 2024.
“The environmental impact assessment, a core component of the forthcoming mining right application, is also progressing well and remains on schedule to be submitted for review by mid-2024,” said Odendaal.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
