Southern Palladium has completed an initial resource drilling campaign as part of a prefeasibility study, and all assays have been received.
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The project aims to extract PGMs from the upper group two and Merensky reefs, which constitute one of the very few remaining areas within the Bushveld Complex where economically viable PGMs deposits remain unexploited. construction of a dry-stack tailings storage facility conforming to Global Industry Standards on Tailings Management requirements.
comprehensive integration of all on-site infrastructure, encompassing site access roads, office and administrative buildings, engineering workshops, stores, a guardhouse, surface-water storage facilities and other supporting facilities.The project has a pretax net present value, at an 8% discount rate of, $1.04-billion and an internal rate of return of 24%, with a payback of from the start of plant production of 4.5 years.
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