Southern Palladium's Bengwenyama PGM Project Set to Begin Development in 2027
Southern Palladium's Bengwenyama platinum group metal (PGM) project, with a 70% ownership by Southern Palladium and 30% by the community, aims to start development in June 2027. A definitive feasibility study is expected to be completed in Q3 2026. The south decline development cost is estimated at $279 million, potentially reduced by $100 million if ore is processed at a nearby plant. The project has a probable ore reserve of 6.29 million ounces, with steady-state production projected at 200,000 oz/y by 2030.
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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.
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