SPD – Southern Palladium | Aussie Stock Forums

Southern Palladium Limited is engaged in advanced stage platinum group minerals (PGM) exploration and development through its acquisition of a 70% interest in a South African private company, Miracle Upon Miracle Investments Proprietary Limited (MUM), which will be completed immediately prior to its listing on the ASX.

The remaining 30% of MUM will remain held by a company wholly-owned by the local Bengwenyama-yeMaswazi community (Bengwenyama). MUM holds 100% of the Preferent Prospecting Right to the Bengwenyama PGM Project, located in the heart of the Eastern Limb of the Bushveld Complex in South Africa. The Company was formed in December 2020 specifically to acquire its holding in MUM, with all of the previous MUM shareholders to be Shareholders in the Company and, in the case of the Bengwenyama, being both a Shareholder in the Company and retaining a 30% direct interest in MUM.

The purpose and strategy of the Company is to bring the necessary financial and technical resources to MUM and, in partnership with the Bengwenyama, to advance the Bengwenyama PGM Project.

It is anticipated that SPD will list on the ASX during June 2022.