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Podium Minerals Limited (ASX:POD)

ALERT: Price-sensitive ASX Announcement for POD
Current share price for POD : $0.039 -0.01 (-20.41%)+
Announcement
Release
30 Apr 2026 8:01AM
Price at Release
$0.049
Full Release
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Summary
Podium Minerals Limited reported substantial progress in its activities during the March 2026 quarter. The company completed a comprehensive drilling program at Parks Reef, which included diamond and reverse circulation drilling to enhance metallurgical and resource data. A significant achievement was unlocking the high-grade hanging wall, which allowed a major upgrade in PGM product quality and recovery rates. Podium also made strategic board appointments, including Neal Froneman as Non-Executive Chairman, signaling a transformative phase for leadership. They announced a maiden JORC Mineral Resource Estimate for the Range Well Nickel Project, enhancing their asset portfolio. Despite market challenges, Podium remains optimistic due to supportive PGM market conditions and strategic advancements positioning them as a leading PGM producer in Western Australia.
Key Points
  • Drilling program at Parks Reef completed with diamond and RC drilling.
  • High-grade hanging wall discovered, improving PGM product quality.
  • Neal Froneman appointed as Non-Executive Chairman.
  • Maiden JORC Mineral Resource Estimate for Range Well Nickel Project announced.
  • Supportive market conditions for PGM metals anticipated.
  • Strategic leadership changes and board appointments.
  • Zero reportable incidents in safety and sustainability for the quarter.
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.