We present recent observations of the X-ray pulsar SAX J1324-6200 obtained in December 2007 with the Swift satellite yielding a significant improvement in the source localization with respect to previous data and a new measurement of the spin period P=172.84s. A single object consistent in colors with a highly reddened early type star is visible in the X-ray error box. The period is significantly longer than that obtained in 1997, indicating that SAX J1324-6200 has been spinning down at an average rate of ~6x10^-9 s s^-1. We discuss the possible nature of the source showing that it most likely belongs to the class of low luminosity, persistent Be/neutron star binaries.
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