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Podium Minerals Limited (ASX:POD)

ALERT: Price-sensitive ASX Announcement for POD
Current share price for POD : $0.031 -0.009 (-22.50%)+
Announcement
Release
13 Aug 2026 9:24AM
Price at Release
$0.040
Full Release
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Summary
Podium Minerals Limited announced a significant improvement in the performance and efficiency of its proposed Parks Reef PGM Concentrator. The Phase 3 optimisation achieved a 31% increase in the Flotation Circuit 3E recovery, reaching 67% from the previous 51%. Additionally, copper recovery rose to 81% from 52%. This improvement allows for a reduced and more efficient PGM Value Recovery Circuit, maintaining an overall Concentrator recovery of approximately 80% 3E PGM without compromising on metallurgical performance. The program's success lies in its simplified and efficient concentrator flowsheet, producing high-grade PGM products with better marketability and compatibility with conventional refining routes.
Key Points
  • Significant improvement in Parks Reef Concentrator performance.
  • Phase 3 optimisation increased Flotation Circuit 3E recovery by 31%.
  • Copper recovery improved to 81% from 52%.
  • Optimisation allows for a smaller and more efficient PGM Value Recovery Circuit.
  • Overall Concentrator recovery maintained at approximately 80% 3E PGM.
  • Step-change achieved with a simpler and more efficient concentrator design.
  • High-grade PGM products enhance marketability and refining route compatibility.
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.