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Podium Minerals Limited (ASX:POD)

ALERT: Price-sensitive ASX Announcement for POD
Current share price for POD : $0.035 -0.009 (-20.45%)+
Announcement
Release
16 Jun 2026 8:17AM
Price at Release
$0.044
Full Release
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Summary
Podium Minerals Limited announced significant depth extension of the Parks Reef deposit in Western Australia. Six diamond holes were drilled, confirming the vertical continuity of the PGM and Cu-Au mineralization zones to depths of 300 to 450 meters below the surface, well beyond the current Mineral Resource Estimate boundary. The drilling revealed high-grade domains with grades up to 4.63 g/t 5E, supporting the potential for a significant MRE increase. The deposit remains open at depth with potential geological extensions up to 2 kilometers. Ongoing metallurgical test work aims to optimize the concentrator flowsheet, while further drilling is needed to expand the resource envelope.
Key Points
  • Podium Minerals Limited extended the Parks Reef deposit depth.
  • Six diamond holes were drilled targeting depths of 300 to 450 meters.
  • The drilling confirmed the continuity of PGM and Cu-Au mineralization zones.
  • The deposit is wide open at depth with potential extension indicated by geophysics.
  • High-grade domains were identified at depth with grades up to 4.63 g/t 5E.
  • The results support potential for a significant increase in MRE.
  • Metallurgical test work is ongoing to optimize concentrator flowsheet.
  • Further drilling is required to expand the resource envelope.
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.