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Podium Minerals Limited (ASX:POD)

ALERT: Price-sensitive ASX Announcement for POD
Current share price for POD : $0.037 0.004 (10.61%)+
Announcement
Release
20 Jul 2026 4:38PM
Price at Release
$0.033
Full Release
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Summary
Podium Minerals Limited has released its quarterly activities and Appendix 5B cash flow report for the period ending 30 June 2026. The company continues to report strong results from its Parks Reef project, with metallurgical drilling confirming consistent mineralization across designated areas. Significant high-grade intersections in the PGM and Cu-Au zones were reported, extending the depth of the mineral resource. The company maintains a positive outlook on the PGM market despite current price weaknesses. Operationally, Podium reported a decrease in cash and cash equivalents but remains confident in its funding to continue operations. Safety and sustainability remain priorities, with zero reportable incidents during the quarter.
Key Points
  • Metallurgical drilling confirms consistent mineralization across Parks Reef.
  • Significant high-grade intersections reported in PGM and Cu-Au zones.
  • Parks Reef deposit extended at depth.
  • Positive outlook on PGM market despite price weaknesses.
  • Decrease in cash and cash equivalents but funding sufficient to continue operations.
  • Zero reportable safety and environmental incidents.
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.