SOUTHERN PALLADIUM LIMITED - Southern Palladium Strengthens Development Team with Highly Experienced Project Manager

Southern Palladium Strengthens Development Team with Highly Experienced Project Manager

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 Strengthens Development Team with Highly Experienced Project Manager


Southern Palladium Limited (ASX: SPD, JSE: SDL) ("Southern Palladium" or "the Company") is pleased
to announce the appointment of Mr Mark Humphery as Project Manager for the Bengwenyama
Project, located on the Eastern Limb of the Bushveld Complex in South Africa.

The appointment represents a key step in strengthening the Company's management depth and
execution capability as Bengwenyama advances from study phases toward development.

Mark reports to Southern Palladium's Managing Director, Johan Odendaal. He will be based at the
Project Site near Steelpoort RSA from where the Bengwenyama development activities will be directed
and implemented. This will include working closely with Uwe Engelmann, Exploration Manager in the
completion of the current drilling program confirming geotechnical design criteria for planning of the
proposed box cut and underground decline to access the orebody. He will also work closely with the
site based community relations teams and the Bengwenyama Community leaders and work with the
Minxcon Definitive Feasibility Study ("DFS") team providing key input into the completion of the DFS.
It is expected that the next project orientated appointment will be an underground manager, reporting
to Mark, and this recruitment is in progress.

Mark is a mechanical engineer with more than 28 years of global mining experience and a strong track
record in delivering complex mining projects. He has held senior leadership roles including Project
Director, Project Manager and Engineering Manager across multiple international jurisdictions.

Mark's experience spans the full project lifecycle, from feasibility studies through to construction and
commissioning, including underground mining operations, processing plants and associated
infrastructure.

Managing Director Comment

Southern Palladium Managing Director Johan Odendaal commented: "We are pleased to welcome
Mark to the Southern Palladium team at a pivotal stage in the development of the Bengwenyama
Project. His appointment significantly strengthens our management bench and positions the Company
to execute effectively as we transition from study phases into full project development.

Mark brings a proven track record of delivering mining projects through feasibility, construction and
execution. His experience in managing engineering, procurement and construction activities will be
instrumental as we advance our Definitive Feasibility Study and position Bengwenyama for
development."

Mining Right Permitting Update

The issuing of the Bengwenyama Mining Right awaits final approval from the South African
Department of Mineral and Petroleum Resources based in Pretoria. Southern Palladium is confident
that it has satisfied all the statutory requirements and that the Minister of Mineral and Petroleum
Resources must, in terms of section 23(1) of the Minerals and Petroleum Resources Development Act
28 of 2002, issue the right. The application for the Bengwenyama Mining Right enjoys the unequivocal
support of the 30% shareholder, being the Bengwenyama Community.


For further information, please contact:

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

1 April 2026

JSE Sponsor
Merchantec Capital

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

South African media & investor relations inquiries: Sherilee Lakmidas, R&A Strategic Communications:
+27 11 880 3924


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Date: 01-04-2026 08:14:00
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