SOUTHERN PALLADIUM LIMITED - Southern Palladium presents to Sydney Mining Club

Southern Palladium presents to Sydney Mining Club

Southern Palladium Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 646 391 899
ASX share code: SPD
JSE share code: SDL
ISIN AU0000220808
("Southern Palladium" or "the Company")


Southern Palladium presents to Sydney Mining Club


Southern Palladium (ASX:SPD and JSE:SDL), 'Southern Palladium' or 'the Company') is pleased to advise
shareholders and investors that Executive Chairman Roger Baxter will today present at the Sydney Mining Club.

Mr Baxter will provide an update on the Company's mine development strategy at the Tier-1 Bengwenyama Platinum
Group Metals (PGM) project in South Africa's Bushveld Complex, following the recent delivery of an Optimised Pre-
Feasibility Study which valued the project at US$857m 1.

A copy of Mr Baxter's conference presentation is available on the Company's website at:
https://www.southernpalladium.com/site/investor-centre/presentation

For further information, please contact:

Johan Odendaal
Managing Director
Southern Palladium
Phone: +27 82 557 6088
Email: johan.odendaal@southernpalladium.com


2 October 2025

JSE Sponsor
Merchantec Capital


Media & investor relations inquiries: Sam Jacobs, Six Degrees Investor Relations: +61 423 755 909

Authorised for release by the Executive Chairman of Southern Palladium.

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1
  ASX Announcement 10 July 2025 titled "Optimised Prefeasibility Study: Project NPV of US$857m with Improved Fundability
Through Staged Development". Southern Palladium confirms that all material assumptions underpinning the forecast
financial information derived from the production target assumed in the Optimised Prefeasibility Study continue to apply and
have not materially changed.

Date: 02-10-2025 09:01:00
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