As JSE-listed Southern Palladium prepares to start advanced-stage exploratory drilling at the Bengwenyama platinum group metals project in Limpopo, the domestic market appears indifferent to the prospects of a new palladium- and rhodium-rich mine.
In an activities report released on Monday, the company said it had completed a high-definition, helicopter-borne total magnetic field gradient and gamma-ray spectrometry survey at Bengwenyama, confirming the existing structural model of the site based on historical field data. A 63-hole drilling programme is now scheduled to commence this month, the results of which will help form the basis of a mining right application to be lodged within 24 months.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.