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Platinum Mines Go 2,000 Metres Deep. Why Is This One Only 80? | Roger Baxter, Southern Palladium

November 14, 2026

Platinum, palladium and rhodium clean the air from our cars, sit inside pacemakers and power hydrogen fuel cells. But where do they come from, and what does it take to build a mine for them? At the 2026 Australian Gold Conference, Brian Chu sits down with Roger Baxter, Executive Chairman of Southern Palladium (ASX: SPD, JSE: SDL). Roger explains what platinum group metals (PGMs) are used for, where they're produced, and how the company is advancing its Bengwenyama project in South Africa. What This Video Covers - What platinum, palladium, rhodium and ruthenium are used for, from catalytic converters to hydrogen fuel cells - Why South Africa dominates platinum group metal supply - The Bengwenyama project: a shallow, narrow reef in South Africa's Bushveld Complex - Brian's plain-English guide to mine development stages: scoping study, prefeasibility study, definitive feasibility study and final investment decision - Why Southern Palladium is starting early decline works before its feasibility study is finished - How a PGM and chrome concentrator works, and how concentrate is sold to smelters - The two-stage development plan and how the company expects to fund it - Why the project's location, infrastructure and community partnership matter