SOUTHERN PALLADIUM LIMITED - Chairmans Address and Managing Directors Presentation to Annual General Meeting

Chairman’s Address and Managing Director’s Presentation to Annual General Meeting

Southern Palladium Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 646 391 899
ASX share code: SPD
JSE share code: SDL
ISIN AU0000220808
(“Southern Palladium” or “the Company”)


Chairman’s Address and Managing Director’s Presentation to Annual General Meeting


Southern Palladium Limited (ASX Code: SPD and JSE Code: SDL) announces the Chairman’s address
and the Managing Director’s presentation to the Company’s Annual General Meeting:

     The year 2022 has been a significant year for Southern Palladium as your Board sought to
     successfully complete the acquisition of the significant Platinum Group Metal (“PGM”)
     Bengwenyama project and finalise all of the formalities required to set up the company and
     raise $19 million through a simultaneous listing on the Australian Stock Exchange and the
     Johannesburg Stock Exchange on 8 June 2022.

     We were pleasingly supported by leading Australian high net worth institutions and strategic
     investors. With the current balance sheet, the Company is now able to complete an envisaged
     2-year exploration programme which is situated on the Eastern Limb of the Bushveld Complex
     in South Africa. This complex hosts approximately 72% of the worlds PGMs, and the
     prospecting right is nestled amongst other major platinum and chrome producers.

     This would not have been possible without the energy and commitment of your experienced
     Board and a small management team who have now commenced with the drilling programme
     and associated scoping and feasibility studies for safely and responsibly developing a PGM
     underground mine and processing facility in collaboration with our partners, the
     Bengwenyama community. The Company will continue to build on its relationship with the
     Bengwenyama Community, a relationship that was established over 16 years ago and that is
     integral in ensuring the success of this major project.

     The project hosts an orebody that is amenable to mining methods and metallurgy that is
     proven and well understood. The company has initiated a 38,000m drilling programme to
     increase the confidence level in some of the Inferred Mineral Resource and exploration target
     areas. This is one of the largest exploration programmes currently underway in South Africa.

     Our involvement in this project allows the Company to participate in the renewed interest in
     PGMs with their unique characteristics in various applications in the sphere of the Green
     Economy. The important application of platinum, palladium and rhodium in auto catalysts is
     uniquely used to purify exhaust emissions and will thus continue to play an important role in
     emission control in the medium term. Stricter emission control standards will require higher
     loading of PGMs.

     The hydrogen fuel cell is also becoming more attractive and is expected to find a niche
     application in long distance hauling. It is expected that platinum will be the preferred metal of
     choice as catalyst in fuel cell technology. In turn, platinum and iridium are also used in the
     production of Green Hydrogen.

     In the coming year we look forward to providing you with regular and meaningful updates on
     exploration drilling progress and results.


The full version of the Managing Director’s presentation is available on the Company's website at
www.southernpalladium.com/site/investor-centre/presentation


Authorised by the Company Secretary.

For further information, please contact:

Johan Odendaal
Managing Director
Southern Palladium
Phone: +27 82 557 6088
Email: johan.odendaal@southernpalladium.com


30 November 2022

JSE Sponsor
Merchantec Capital


Media & investor relations inquiries: Sam Jacobs, Six Degrees Investor Relations: +61 423 755 909
Follow @SouthernPalladium on Twitter
Follow Southern Palladium on LinkedIn




                                                                                               

Date: 30-11-2022 08:57:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.