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Southern Palladium's Bengwenyama platinum group metal (PGM) project, owned 70% by Southern Palladium and 30% by the Bengwenyama community, is set to start development in June 2027. A definitive feasibility study will conclude in Q3 2026.

The cost of developing the south decline is estimated at $279 million, which may decrease by $100 million if a nearby third-party concentrator is used. The project's probable ore reserve is 6.29 million ounces, with expected steady-state production of 200,000 oz/y by 2030. Mining rights from South Africa's DMPR are pending but expected soon.