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Podium Minerals Limited (ASX:POD)

ALERT: Price-sensitive ASX Announcement for POD
Current share price for POD : $0.033 -0.033 (-50%)+
Announcement
Release
18 Nov 2025 8:22AM
Price at Release
$0.066
Full Release
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Summary
Podium Minerals Limited has commenced the next phase of its drilling campaign at the Parks Reef Platinum Group Metals Project in Western Australia. This campaign is designed to support the development of a Concentrator flowsheet and to enhance understanding of the resource. The drilling program, which includes both diamond drilling and reverse circulation drilling, aims to collect bulk sulphide samples for metallurgical testing, drill deeper to confirm resource continuity, and source oxide material for process development. The campaign is structured in three phases with completion anticipated in late Q1 2026. The company aims to advance towards pilot testing, which is crucial for de-risking the project's development. The ongoing PGM market supply deficit and recent geopolitical events highlight the strategic importance of the project, and with a strong cash position, Podium is positioned to progress towards becoming a leading PGM producer in Australia.
Key Points
  • Podium mobilizes drilling contractor for Parks Reef phase.
  • Focus on developing Concentrator flowsheet and enhancing resource understanding.
  • Drilling includes diamond and reverse circulation holes.
  • Program to support metallurgical testing and resource continuity at depth.
  • Three-phase campaign expected to complete by late Q1 2026.
  • PGM market supply deficit underscores project’s importance.
  • Podium holds A$13.2 million cash to support project advancement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.