Southern Palladium’s Shares Jump 25% Amid Rising PGM Prices and Project Progress
Southern Palladium has responded to an ASX price query denying undisclosed information behind its recent share price rise, instead pointing to positive commodity price trends and ongoing project developments.
- No undisclosed information explaining recent share price movement
- Rising platinum group metals (PGM) prices since July 2025 prefeasibility study
- Ongoing metallurgical and geotechnical drilling for Bengwenyama PGM Project
- Financial results for FY2025 recently announced
- Company confirms compliance with ASX continuous disclosure rules
Background to the Price Query
Southern Palladium (ASX, SPD) recently faced scrutiny from the Australian Securities Exchange (ASX) following a notable increase in its share price, which climbed from a low of $0.95 to a high of $1.19 within a short period. The ASX requested clarification on whether the company possessed any undisclosed information that might explain this trading activity.
Company Response and Market Context
Notably, since the release of its Optimised Prefeasibility Study in July 2025, which valued the Bengwenyama Platinum Group Metals (PGM) Project at a net present value (NPV) of US$857 million based on conservative commodity prices, PGM prices have risen. This increase in prices is likely to enhance the project's economic outlook and appeal to investors.
Ongoing Project Advancements
Southern Palladium also pointed to its ongoing detailed metallurgical and geotechnical drilling programs initiated in September 2025. These efforts are part of the Definitive Feasibility Study (DFS) scheduled for completion in the first half of 2026. While no results from this drilling have yet been reported, the work underscores the company’s commitment to advancing the Bengwenyama project.
Additionally, the company recently announced its financial results for the year ended 30 June 2025 and participated in the Resources Rising Stars Gold Coast Investor Conference, further raising its profile among investors.
Compliance and Market Integrity
Southern Palladium reaffirmed its compliance with ASX Listing Rules, particularly continuous disclosure obligations, and confirmed that its response was authorised by the Executive Chairman. The company’s transparent communication aims to maintain market confidence amid heightened trading activity.
While the company cannot definitively attribute the share price rise to any single factor, the combination of rising PGM prices, ongoing project work, and recent financial disclosures likely contributed to increased investor interest.
Bottom Line?
Investors will be watching closely for upcoming DFS results and commodity price trends to validate Southern Palladium’s growth prospects.
Questions in the middle?
- When will the results from the ongoing metallurgical and geotechnical drilling be released?
- How might further increases in PGM prices impact the Bengwenyama project’s valuation?
- Could upcoming DFS findings materially shift investor sentiment or share price?
