Podium Minerals Limited (ASX: POD, ‘Podium’ or ‘the Company’) is pleased to announce a new Mineral Resource Estimate (MRE) at its 100% owned Parks Reef PGM Project in Western Australia. The Inferred resource for the PGM reef now contains 6.0Moz of 5E PGM¹.

• The upgraded MRE of 143Mt for 6.0 Moz at 1.30g/t 5E PGM represents a doubling of contained 5E PGMs
• Included within the new MRE are defined high-grade zones, ≥2g/t 5E PGM, one zone exists adjacent to the hanging wall of the PGM horizon and the other zone is located adjacent to the footwall
• The high-grade zones host a combined 15.7Mt for 1.17Moz at 2.32g/t 5E PGM (1.27g/t Pt, 0.84g/t Pd, 0.14g/t Au, 0.04g/t Rh and 0.03g/t Ir)

Managing Director and CEO - Sam Rodda commented:

“It is deeply satisfying to see this significant upgrade to our MRE. The team has been working diligently for several months on this project and we are pleased with the outcome. The quantum of the upgrade should come as no surprise to shareholders who have followed our recent drilling results, and is attributable to the remarkable consistency of the Parks Reef orebody.”

“The most exciting part of this orebody resource programme is the successful definition of the high-grade zones within the total PGM reef width. These high-grade zones have mining widths suitable for selective open-cut mining as well as underground stoping methods, these zones will allow our study team to consider options of higher grade mining and processing versus bulk methods to optimise value at Parks Reef.”

“I would like to take this opportunity to thank our team who have worked on the delivery of this upgrade. We are lucky to have such skilled team members applying their collective experience on a project that continues to break new ground with respect to Australian PGM projects. The team is aligned in the effort to develop and progress Parks Reef to become Australia’s first PGM supplier and this MRE upgrade is a significant milestone on that journey.”

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