Southern Palladium Ltd. (AU:SPD) has released an update.
Southern Palladium Ltd. has reported a positive Scoping Study for the Bengwenyama PGM project, indicating a robust underground mining operation with a 36-year life and an average annual production of 330,000 ounces of PGMs. The project boasts a low-cost structure with an estimated net present value (NPV) of US$700 million and an internal rate of return (IRR) of 21%. The company has completed significant drilling activities and is progressing with its Prefeasibility Study (PFS) and Environmental Impact Assessment, positioning itself for strategic partnerships and further development.
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