Southern Palladium Ltd. · ASX:SPD
Southern Palladium — Non-Deal Roadshow (September 2023)
20 slides from Southern Palladium's roadshow presentation, September 2023
Slide 1: The Bengwenyama Platinum Group Metals Project: +25 Moz in Elephant Country
SOUTHERN PALLADIUM LIMITED The Bengwenyama Platinum Group Metals Project: +25 Moz in Elephant Country PAGE
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: Corporate and Asset Ownership Structure
SOUTHERN PALLADIUM LIMITED (ASX:SPD,JSE:SDL) CORPORATE AND ASSET OWNERSHIP STRUCTURE BOARD OF DIRECTORS – SOUTHERN PALLADIUM (‘SPD’) Southern 9.3% Bengwenyama NON-EXECUTIVE DIRECTORS Palladium Mike Stirzaker Daan van Heerden NED MUM Community Non-Executive Johan Odendaal Limited Interim Managing Dir
Slide 4: Bengwenyama Project (70%)
A large, shallow, advanced exploration/ development Platinum Group Metals (PGM) opportunity Two-year exploration programme targeting delivery of a PFS for a significant new mine, and the submission of a Mining Right Application ~200koz 4E p.a ~280koz 4E p.a BENGWENYAMA PGM project in the heart of th
Slide 5: The Bengwenyama Project: In Elephant Country
THE BENGWENYAMA PROJECT: IN ELEPHANT COUNTRY Company (Market Cap) Mine: Resource Ounces & Annual Production* Impala Platinum Marula: 15.1Moz UG2 reef A$6.8 billion Market Cap Total resource ounces 21.48Moz Amplats / ARM Modikwa: 50.4Moz UG2 reef A$14.1 / A$3.2 billion Market Cap Total resource ounce
Slide 6: Location Advantage
LOCATION ADVANTAGE SITUATED IN AN ESTABLISHED INDUSTRIAL HUB A A strategic shallow resource nestled between Tier 1 Mine Rescue Services Electricity Substation operations Modikwa Platinum Mine Easy access to major roads, power, railway, water, skill and services Steelpoort Railway Station Established
Slide 7: Bengwenyama: A High Grade UG2 Reef PGM Project
BENGWENYAMA: A HIGH GRADE UG2 REEF PGM PROJECT 12 MOZ AT A GRADE OF 7.51G/T (4E) Bengwenyama JORC Resource, July 2023 Contained 4E Deposit Category Tonnes 4E Grade ounces Merensky Indicated 21.6 Mt 2.5 g/t 1.7 Moz Merensky Inferred 77.9 Mt 3.1 g/t 7.8 Moz Merensky Total 99.5 Mt 3.0 g/t 9.5 Moz UG2 I
Slide 8: Near Term Drilling
NEAR TERM DRILLING INTERIM RESOURCE INCREASE BY 34% WITH FURTHER GROWTH POTENTIAL A • Eastern Portion of the project area is now well understood and structurally less complex than originally thought A Inferred • Interim resource increased by 34% to 25.12Moz mainly attributable to the “Far East Block
Slide 9: Our Achievements and Goals
OUR ACHIEVEMENTS AND GOALS ON-TIME AND ON BUDGET DELIVERY Community A$19m Drilling Drilling Far East Resource Submit 2nd Interim Scoping Complete Feasibility Construction meetings raised in Commenced Intersects Block increases by Mining Resource Study PFS and FID Starts June UG2 Reef Discovery 34% t
Slide 10: Exploration and Pre-Development Programme
EXPLORATION AND PRE-DEVELOPMENT PROGRAMME 2023 2024 2025 ACTIVITY PERIODS J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M -1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Payback Area, Other East and Horst Block Second Interim Reso
Slide 11: Hydrogen Supply Chain: 'Made of Platinum'
HYDROGEN SUPPLY CHAIN: ‘MADE OF PLATINUM1’ Autocatalysts in Internal Combustion Engine (“ICE”) (Palladium, Platinum and • Current developments in terms of Rhodium still the biggest new supply and exploration are driver) limited – the low hanging fruit has been taken Green hydrogen • Existing PGM min
Slide 12: ESG
ESG Security JSE Listing BENGWENYAMA COMMUNITY ENGAGEMENT Communication First tender Khomanani exploration office Social upliftment development programme School Visit Sanitation and diesel Geology PAGE 12 www.facebook.com/SouthernPalladium
Slide 13: Bengwenyama: High-Grade and Very Inexpensive Ounces
BENGWENYAMA: HIGH-GRADE AND VERY INEXPENSIVE OUNCES PAGE 13 Note: BRVO – Non-compliant Resource Estimate, excludes credits from base metals + chromes Source: Calculations based on data sourced from Company Reports, as at 29/8/2023
Slide 14: Investment Summary
INVESTMENT SUMMARY • The right address amongst Tier 1 operations LOCATION • Excellent access to infrastructure • Exploration is proving grade, reef width and geology UNLOCKING POTENTIAL • Focus is now to improve knowledge of the larger area • Optimise the value metrics. GREEN • Global carbon reducti
Slide 15: Additional Slides
Additional Slides PAGE
Slide 16: Mineral Resource Estimate (JORC Code 2012), July 2023
MINERAL RESOURCE ESTIMATE (JORC CODE 2012), 10 JULY 2023 A Grade PGE+AU Base and Ferrous Metals Category Tonnes Thickness Pt Pd Rh Au Ir Os Ru 4E 7E Cu Ni Cr2O3 (4E) (7E) Cu Ni Cr2O3 Mt (m) (g/t) (g/t) (%) Moz Kt Merensky Indicated 21.59 2.05 1.59 0.65 0.10 0.12 0.03 0.03 0.21 2.48 2.75 0.038 0.125
Slide 17: South African Power Issue - Loadshedding
SOUTH AFRICAN POWER ISSUE - LOADSHEDDING • Eskom’s ageing fleet of coal-fired power stations • A number of megawatts must be shed to protect the integrity of the national power grid. • Frequency of High Intensity Loadshedding (Above Level 4) impacts mining industry negatively. • Mining companies are
Slide 18: Platinum Group Metal Industry - 2023
PLATINUM GROUP METAL INDUSTRY -2023 (SOURCE: JOHNSON MATTHEY) Platinum Supply - 5,808koz Palladium Supply – 6,556koz Rhodium Supply - 724koz Secondary Supply – 1,521koz Secondary Supply – 3,234koz Secondary Supply – 345koz Platinum Demand – 7,457 koz Palladium Demand – 9,833koz Rhodium Demand – 1,05
Slide 19: Platinum Group Metal Industry - 2023
PLATINUM GROUP METAL INDUSTRY -2023 (SOURCE: JOHNSON MATTHEY) Ruthenium Demand – 1,081Koz Iridium Demand – 238Koz PAGE 19
Slide 20: Company Shareholders and Capital Structure
COMPANY SHAREHOLDERS AND CAPITAL STRUCTURE Shareholder Summary Substantial Shareholders Nicholas Daniel Resources Pty Ltd 14.11% Community UK Family Office 5.85% 9.3% Regal Funds Management 5.32% Board and Top 20 Shareholders 59.6% Management Capital Structure Summary 16.5% HNW + Retail Total number
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