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Podium Minerals Limited (ASX:POD)

ALERT: Price-sensitive ASX Announcement for POD
Current share price for POD : $0.030 -0.023 (-43.40%)+
Announcement
Release
20 Apr 2026 8:21AM
Price at Release
$0.053
Full Release
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Summary
Podium Minerals Limited has completed its metallurgical and resource extension drilling campaign at the Parks Reef Platinum Group Metals Project in Western Australia. The campaign, which began in November 2025, included a multi-phase drilling program featuring Diamond and Reverse Circulation holes aimed at collecting bulk sulphide samples, assessing resource continuity at depth, and sourcing oxide samples for process development. The program resulted in approximately 4,800 meters of drilling, with assay results to be released in batches. The metallurgical program, focused on optimizing the concentrator flowsheet and exploring processing pathways for various mineralized zones, will continue through 2026. High-grade material from the hanging wall has already shown significant metallurgical success, with further performance improvements anticipated. The company is also awaiting deeper hole analytical results to assess the continuity of the Parks Reef deposit at depth.
Key Points
  • Drilling campaign completed safely, on time, and within budget.
  • Involves 23 Diamond and 4 Reverse Circulation holes totaling approximately 4,800 meters.
  • Focus on flowsheet validation, performance optimization, and development of processing pathways.
  • High-grade hanging wall samples have shown strong metallurgical success.
  • Program advances the understanding of resource continuity at depth.
  • Further assay results expected to be released in progressive batches.
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.