Pan Global Reports Platinum-Palladium Mineralisation at Spain's Cármenes Project

Published: Sep 11, 2026 16:15 (GMT+8)

Save

[SMM Flash] Pan Global Resources has reported additional drilling results from its 100%-owned Cármenes Project in northern Spain, identifying platinum and palladium within a broader gold-copper-nickel-cobalt mineralised system. Hole PVD15 intersected 15 m grading 3.90 g/t gold, 0.04% copper, 0.11% nickel and 0.12% cobalt from surface, including an 8 m interval grading 0.50 g/t platinum and 0.28 g/t palladium. Within this interval, one metre returned 1.39 g/t platinum and 0.74 g/t palladium, equivalent to 2.13 g/t Pt+Pd.

The mineralisation extends beyond the historical Providencia mine workings and remains open along strike and at depth, according to the company. The results provide further evidence of PGM mineralisation within the Cármenes polymetallic system and could potentially add platinum and palladium credits to the project's mineral inventory. However, the reported intersections are exploration results and do not represent a Mineral Resource, reserve or future production estimate.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Stillwater East and Columbus workers ratify deal ending strike

[SMM PGM Flash] Sibanye-Stillwater has announced that workers at its Stillwater East platinum-and-palladium mine and Columbus metallurgical facility in Montana ratified a collective agreement with the United Steelworkers. It runs retroactively from 1 June 2026 to 31 May 2029 and provides a 4.5% first-year wage rise, followed by the greater of 3.5% or CPI in year two and 3.0% or CPI in year three. The ratification ends strike action dating from 3 September. Employees are expected, not confirmed, to resume scheduled duties on the day shift on 9 October. If that return occurs, the agreement removes the immediate labour stoppage affecting these US PGM sites. It is distinct from the East Boulder settlement announced on 30 September, although Sibanye says both agreements support mechanisation, team incentives and benefit alignment. The company did not quantify lost output or provide a production-recovery timetable.

8 hours ago

14 hours ago

Platinum and palladium saw sharp catch-up declines after the holiday; buying on dips was active, and spot supply remained tight [SMM Platinum and Palladium Weekly Review]

On the first trading day after the National Day holiday, platinum and palladium posted sharp catch-up declines. The most-traded platinum contract fell 3.37% to 406.05 yuan/g, while palladium dropped 6.95% to 271.9 yuan/g, hitting a record low since listing. The overseas market remained under pressure during the holiday, dragged notably by US Treasury yields breaking above 5% and a stronger US dollar. In the spot market, buying interest on dips strengthened, trading was active, supply was tight, and suppliers held prices firm, with spot prices falling less than futures. Further sharp downside appears limited in the near term, and prices may consolidate at lows. Watch for signals from CPI and the FOMC.

14 hours ago

15 hours ago

Brief Analysis of Spot Market for Platinum Group Compounds During the National Day Holiday

15 hours ago