Southern Palladium Ltd. · ASX:SPD
Southern Palladium — 121 Conference, Cape Town (February 2023)
18 slides from Southern Palladium's conference presentation, Feb 6, 2023
Slide 1: SPD – 121 Conference Presentation
6 February 2023 SPD – 121 Conference Presentation Developing The Bengwenyama Project to Meet Increasing Future PGM Demand Southern Palladium Limited (ASX Code: SPD and JSE Code: SDL) is pleased to provide its 121 Conference Presentation to be presented by the Company’s Managing Director in Cape Town
Slide 2: Developing the Bengwenyama Project to Meet Increasing Future PGM Demand
SOUTHERN PALLADIUM LIMITED D E V E L O P I N G T H E B E N G W E N YA M A P R O J E C T T O MEET INCREASING FUTURE PGM DEMAND 1
Slide 3: Disclaimer
Disclaimer The following disclaimer applies to this investor presentation (Presentation). You should read this disclaimer carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By accepting this Presentation, you represent and warrant
Slide 4: Southern Palladium Bengwenyama Project
SOUTHERN PALLADIUM BENGWENYAMA PROJECT In the heart of the Eastern Limb of the Bushveld Complex. Adjacent to Tier 1 PGM operations A single local community (Bengwenyama) strongly supportive of development JORC (2012) Resource* - (3 PGE+Au) : • Inferred Resource : 19Moz • Exploration target**: Additi
Slide 5: Excellent Project Location | Existing Infrastructure
EXCELLENT PROJECT LOCATION | EXISTING INFRASTRUCTURE Paved Road to Site De Hoop Dam Water Source at Entrance Heavy Industrialised Area Office Area Good Drill Rig Availability Access to Power Mines Rescue Services Centre 4
Slide 6: Our Achievements in 8 Months
OUR ACHIEVEMENTS IN 8 MONTHS 8 June 2022 : Simultaneous listing on the ASX:SPD and JSE:SDL IPO raise of AUD$19m, fully funding exploration and studies to allow lodgment of Mining Right Application Signed Framework and Cooperation Agreement with the Bengwenyama Community Strong share price performanc
Slide 7: Adding Value - Share Price Outperformance Against Benchmark Indices
ADDING VALUE - SHARE PRICE OUTPERFORMANCE AGAINST BENCHMARK INDICES Market Cap and EV Market cap @ A$0.79 cps A$71m/ZAR852m Positive Geophysical 1st Drillhole intersects survey results UG2 Enterprise value ~A$57m/USD40m Cash in Bank as at 31 Dec 2022 A$14.20m 1st Assay results Drilling contract awar
Slide 8: ESG | Bengwenyama Community Engagement
ESG| Bengwenyama Community Engagement JSE Listing First Tender Khomanani Exploration Office Security Geology Social Upliftment Communication Sanitation and Diesel Development Programme 7
Slide 9: Tabular Orebody Targeting Two Reefs
TABULAR OREBODY TARGETING TWO REEFS 3PGE+Au Reef Width Inferred g/t Moz Cm Merensky 2.96 10.42 191 UG2 7.70 8.38 71 Exploration Target UG2 & Merensky Million Tonnes Grade 3PGE + Au Min Max Min (g/t) Max (g/t) 134 201 3.5 5.2 8
Slide 10: First Assay Results: Geological Locations
FIRST ASSAY RESULTS: GEOLOGICAL LOCATIONS • 21 boreholes now completed • UG2 and Merensky reef intersected within the E004 1.92 g/t over 217 cm Inferred Mineral Resource and Exploration target E007 E028 UG2: 8.59 g/t over 57cm MR: 2.41 g/t over 200 cm portion E015 E019A 11.09 g/t over 81 cm E060 E01
Slide 11: First 6PGE Assay Results: UG2 Better Than Expected
FIRST 6PGE ASSAY RESULTS: UG2 BETTER THAN EXPECTED UG2 Reef (Inferred resource grade is 7.7g/t (3PGE) over 71cm) Merensky Reef (Inferred resource grade is 2.96g/t (3PGE) over 191cm) 10
Slide 12: Positive Internal Scoping Study: UG2 Reef the Prime Target for Early Mining
POSITIVE INTERNAL SCOPING STUDY: UG2 REEF THE PRIME TARGET FOR EARLY MINING Options considered: Scenario 1. Mining the UG2 reef only. Scenario 2. Mining Merensky Reef only. Scenario 3. Mining UG2 and Merensky simultaneously Scenario 4.Mining UG2 to completion followed by Merensky. Internal scoping s
Slide 13: Accelerated Exploration/Pre-Development Timeline
ACCELERATED EXPLORATION/PRE-DEVELOPMENT TIMELINE • Key studies to be initiated immediately: metallurgy, trade-off studies, environment, social and labour plan • The SPD Board has recommended that consideration should be given to the submission of a Mining Right Application (MRA), earlier than planne
Slide 14: Our Goal for the Next Months
OUR GOAL FOR THE NEXT 12 MONTHS Complete the Phase 1 Drilling and update resource Social and Labour Plan & Community Upliftment Development Programme Accelerate the Mining Right Application Complete PFS and maiden ore reserve 13
Slide 15: Southern Palladium: the investment case
Southern Palladium: the investment case LOCATION The right address amongst Tier 1 operations and with strong single community support. UNLOCKING Exploration has proven grade and width POTENTIAL Value to increase with exploration programme and PFS. Exploration is fully funded ATTRACTIVE Market capita
Slide 16: Appendix
ic SOUTHERN APPENDIX
Slide 17: Experienced Boards & Management with Outstanding Track Record
Experienced Boards & Management with Outstanding Track Record Southern Palladium Miracle Upon Miracle NON-EXECUTIVE CHAIRMAN NON-EXECUTIVE – CHAIRPERSON Terence Goodlace Adv. Lindi Nkosi-Thomas • 40+ years mining experience • Bachelor of Laws (LLB) Law • Board member and CEO of Impala Platinum Holdi
Slide 18: 34 - 52 Million Ounce PGE (3PGE+Au) Potential
34 - 52 MILLION OUNCE PGE (3PGE+Au) POTENTIAL Inferred Resource, (JORC 2012) Exploration Target, (JORC 2012) (in addition to the Inferred Resource) Target of ~ 15-34 Moz Source: CSA Global Independent Export Report, Southern Palladium prospectus, 2022 17
Southern Palladium — 121 Conference, Cape Town (February 2023) on 6ix