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Bengwenyama platinum group metals project, South Africa

24th March 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Bengwenyama platinum group metals (PGMs) project.

Location
Eastern limb of the Bushveld Complex, South Africa.

Project Owner/s
Southern Palladium.

Project Description
An in-house scoping study has confirmed that a standalone upper group two (UG2) project has the best potential with a prefeasibility study (PFS) at the Bengwenyama project. Three other development scenarios were assessed:

Scenario 2 – mining Merensky.

Scenario 3 – mining UG2 and Merensky simultaneously.

Scenario 4 – mining UG2 to completion, followed by Merensky.

The shallow Merensky reef has been recommended for potential future development and might significantly extend the life of the proposed mine in the area now earmarked for mining.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Not stated.

Latest Developments
Southern Palladium is continuing with its drilling programme to convert current inferred resources and the exploration target into higher-category resources and proceed to the completion of a PFS as soon as possible.

Key Contracts, Suppliers and Consultants
Minxcon (internal scoping study) – tel +27 11 958 2899 or email reception@minxcon.co.za).

Contact Details for Project Information
Southern Palladium, email info@southernpalladium.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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