Dual-listed Southern Palladium has appointed Roger Baxter as Executive Chairman of the company.
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.
Baxter’s role as Executive Chairman will see him focussing on investor and government relations which complements the role of 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.
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 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.”
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.
