Podium Minerals Limited (ASX:POD)

ALERT: Price-sensitive ASX Announcement for POD

Current share price for POD : $0.041 -0.008 (-16.33%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

30 Apr 2026 8:12AM

Price at Release

$0.049

Full Release

Summary

For the quarter ending 31 March 2026, Podium Minerals Limited reported the completion of a significant drilling program at Parks Reef, resulting in the processing of high-grade hanging wall material. The company also announced leadership changes with the appointment of Mr. Neal Froneman as Non-Executive Chairman. A maiden Mineral Resource Estimate was released for the Range Well Nickel Project. PGM market conditions remain tight, supporting Podium's strategic projects. The Quarterly Activities/Appendix 5B Cash Flow Report indicated cash flows used in operating and investing activities, with a focus on exploring and advancing their projects.

Key Points

Parks Reef drilling program completed with diamond and RC holes for metallurgical test work.
High-grade hanging wall processed, delivering a significant product grade uplift.
Transformative leadership changes with Mr. Neal Froneman as Non-Executive Chairman.
Maiden Mineral Resource Estimate for Range Well Nickel Project announced.
Market conditions for PGM metals remain supportive with forecasted market deficits.
Appendix 5B Cash Flow Report shows net cash used in operating and investing activities.

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.