Southern Palladium Ltd. · ASX:SPD
Southern Palladium — Africa Down Under 2022
20 slides from Southern Palladium's conference presentation, Dec 9, 2022
Slide 1: Southern Palladium Limited
SOUTHERN PALLADIUM LIMITED Developing the Bengwenyama Project for a Cleaner Future 1
Slide 2: 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 3: Bengwenyama Project Highlights – Unlocking Substantial Value
Bengwenyama Project Highlights – Unlocking Substantial Value In the heart of the Eastern Limb of the Bushveld Complex which holds approx. 72% of the world’s PGM resources. Shallow, advanced exploration Platinum Group Metals (PGM) opportunity Bengwenyama Project 100%: Inferred JORC (2012) Resource: 1
Slide 4: SPD Corporate and Asset Ownership Structure
SPD Corporate and Asset Ownership Structure Southern Palladium Ownership – Post IPO Listed on both the ASX and JSE on 8 June 2022 Bengwenyama Community via 9.3% Southern Palladium Nurinox Investments Limited Pty Ltd 30% 70% Miracle Upon Miracle Investments (Pty) Ltd – ‘MUM’ Holder of the Prospecting
Slide 5: Experienced Boards & Management with Outstanding Track Record
Experienced Boards & Management with Outstanding Track Record Southern Palladium MUM 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 Holdings Limited, Sout
Slide 6: Concentrated PGM Location: South Africa Producing Approx. 57% of Global Primary Supply
Concentrated PGM Location: South Africa Producing Approx. 57% of Global Primary Supply Pt 638 koz Rh 53 koz RUSSIA Pd 2,689 koz Rh 17 koz Pt 276 koz NORTH AMERICA Pd 874 koz Rh 6 koz Pd 187 koz OTHER Pt 207 koz Rh 646 koz Rh 42 koz ZIMBABWE SOUTH AFRICA Pt 465 koz Pd 392 koz Pt 4,611 koz Pd 2,652 ko
Slide 7: Video
Video ic SOUTHERN PALLADIUM *Polokwane *Steelpoort *Jofhannésburg
Slide 8: Substantial Potential from Surface with High-grade Ounces from Outcrop
Substantial Potential from Surface with High-grade Ounces from Outcrop • One of the last remaining, undeveloped PGM projects to be developed from near to outcrop • Located between Tier 1 mines, Modikwa (Angloplats/ARM) and Two Rivers (Implats/ARM) • Amenable to conventional mining methods used in th
Slide 9: Simplified PGM Value Chain in South Africa
Simplified PGM Value Chain in South Africa Mining Concentrator Smelting Refining Fabrication On Site Off Site in South Africa Global Open pit and Crushing and Drying and Base Metal Refining Activity Underground Milling Smelting in Electric Furnace Precious Metal Refining Froth Flotation And Filter P
Slide 10: The South African PGM Industry: The Value Chain
The South African PGM Industry: The Value Chain 10
Slide 11: Revenue Dominated By Palladium + Rhodium – Favourable Prill Split
Revenue Dominated By Palladium + Rhodium – Favourable Prill Split Bengwenyama Revenue Split – UG2 Reef Marula MR UG2 Pt % 57% 43% Pd % 31% 47% Modikwa MR UG2 Rh % 3% 9% Pt % 60% 44% Au % 8% 1% Pd % 31% 46% 4E Resource (g/t) 4.2 6.33 Rh % 3% 9% Ave Width (cm) 100 99 Au % 7% 1% Price (USD/oz)* 1,642 2
Slide 12: 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 12
Slide 13: Exploration Plan | 25,000m Of Drilling Over 10-12 Months
Exploration Plan | 25,000m Of Drilling Over 10-12 Months Phase 2: • Phase 1 aims at delivering JORC Indicated Resources Exploration Target into Inferred • Phase 2 will convert remaining Exploration Target to Inferred Resources • Overlying Merensky Reef to be intersected, contributing to JORC Resourc
Slide 14: Drilling Commenced: Geomech Atlas Copco CS-1500
Drilling Commenced: Geomech Atlas Copco CS-1500 14
Slide 15: Exploration/Pre-development Timeline
Exploration/Pre-development Timeline PLAN ITEM ACTIVITY PLAN START DURATION PERIODS MONTH 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 Geophysics 1 2 2 Ph 1 Shallow Inferred Indicated Conversion 3 10 3 JORC 2012 Resource Report 12 4 4 Concept Study 6 6 5 Ph 2 Drilling Program Upg
Slide 16: Green Economy Fuels PGM Demand
Green Economy Fuels PGM Demand 1 Application ➢ Green hydrogen – Platinum and Iridium ➢ Fuel cells – Platinum ➢ Autocatalysts in Internal Combustion Engine (“ICE”) – Palladium, Platinum and Rhodium still the biggest driver 2 PGM use in vehicles ➢ BEVs will replace some ICE ➢ Strict emissions standard
Slide 17: Environmental, Social And Governance
Environmental, Social And Governance The SPD board members bring their collective experience in ESG matters to the management of the company and the project. ENVIRONMENT SOCIAL GOVERNANCE “Bengwenyama Dream – Yes We Can!! Our approach to environmental The resident Bengwenyama The boards of SPD and M
Slide 18: Investment Summary
Investment Summary LOCATION The right address with top tier potential and with strong single community support. UNLOCKING Potential to increase with exploration program and PFS. 70% of IPO funds into the ground over two years. POTENTIAL ATTRACTIVE Currently trading at a significant discount to its p
Slide 19: Appendix
Appendix The information in this report that relates to Mineral Resources at the Bengwenyama Project is based on details originally reported in the Independent Technical Assessment Report (ITAR) No. R246.2021 prepared by CSA Global dated 19 April 2022 contained in the Company’s Prospectus and Pre-Li
Slide 20: Contact
CONTACT South Africa Australia Johan Odendaal Mike Stirzaker Managing Director Non-Executive Director M: +27 82 557 6088 M: +61 411 686 641 E: johan.odendaal@southernpalladium.com E: mike.stirzaker@southernpalladium.com 20