SOUTHERN PALLADIUM LIMITED - Roger Baxter takes on Executive Chairman role

Roger Baxter takes on Executive Chairman role

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")


Roger Baxter takes on Executive Chairman role


Southern Palladium Limited (ASX Code: SPD and JSE Code: SDL) (Southern Palladium or the Company)
is pleased to announce that Mr Roger Baxter has been appointed as Executive Chairman of the
Company.

Mr Baxter was appointed as a Director and Non-Executive Chairman on 1 January 2024 and has
subsequently played a key role in advancing the profile of the Company while overseeing proper and
due governance at the Board level.

Mr Baxter's role as Executive Chairman will see him focussing on investor and government relations
which complements the role of Mr Johan Odendaal as Managing Director who is overseeing the more
technical aspects of advancing the Company's 70% interest in the pre-development platinum group
metal Bengwenyama Project. The Bengwenyama Project is strategically positioned in the heart of the
world class Bushveld Complex in South Africa – the largest source of PGMs globally – in a significant
underground mining region with established expertise and infrastructure.

Mr Baxter said:

        "I am excited by the prospect of a more active role at Southern Palladium Limited which is
        emerging as a significant platinum group metal producer. My focus as an Executive of the
        Company will be on investor and government relations. In this context I will soon be embarking
        on Southern Palladium's first North American Roadshow together with the Company's
        Managing Director Mr Johan Odendaal. I am delighted to have the opportunity to work with
        Johan and I strongly believe that our skill sets complement each other and that, along with the
        Bengwenyama community, we will advance the Bengwenyama Project for the benefit of all
        stakeholders."

Mr Baxter's remuneration will increase to A$160,000 per annum, some of which he may elect to take
as options to acquire ordinary shares in the Company subject to shareholder approval at the
Company's Annual General Meeting to be held on 28 November 2024.

Update on Bengwenyama PGM project (SPD 70%)

We are pleased to be able to confirm that the prefeasibility study for the Bengwenyama project is
nearing completion, and we hope to have results of the study released before the end of October
2024.
Authorised by the Board

For further information, please contact:

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


8 October 2024

JSE Sponsor
Merchantec Capital


                                             Roger Baxter

Mr Baxter was the CEO of the Minerals Council South Africa (MCSA) for nearly nine years, and stepped
down in June 2023. He led the brand rejuvenation and modernisation of the MCSA into a much more
effective, strategy driven, agile, assertive and capable organisation. He is recognised for his roles in
guiding the mining sector to achieve the best safety and health performance on record, addressing key
legacy issues, in helping the industry navigate the COVID-19 crisis, in the fight against corruption, in
negotiating economic and mineral policy with government and in driving significant structural and
institutional reforms in the economy.

He was awarded the "2020 Mining Thought Leader of the Year" by Mining Review Africa, was listed in
the "top 100 most influential people in Africa's mining sector" for over a decade and was awarded the
Brigadier Stokes Platinum medal for meritorious leadership contribution to the mining sector by the
SAIMM. He was the founding Chairman of the World Platinum Investment Council – a position he
continues to hold – and the past President of Mining Industry Association of Southern Africa and
former Chairman of the Association Coordination Group of the International Council on Mining and
Metals.

On 2 October 2024 Mr Baxter was inducted into the South African Mining Hall of Fame by the Joburg
Indaba, honouring his enormous contribution to the South African mining industry during his time at
the then-Chamber of Mines and Minerals Council since 1992.

Roger completed post graduate studies in economics at the University of Natal before joining the
Chamber of Mines.

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


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Date: 08-10-2024 09:56:00
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