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Podium Minerals Ltd. ( (AU:POD) ) just unveiled an update.
Podium Minerals reported a strong March 2026 quarter, highlighted by the completion of an extensive diamond and reverse circulation drilling campaign at its flagship Parks Reef PGM Project in Western Australia. The program delivered substantial sulphide and oxide metallurgical samples, underpinning concentrator validation, flowsheet optimisation and deeper resource continuity assessments at depths of 300m to 500m.
Metallurgical test work on Parks Reef’s high-grade hanging wall material produced a combined product grade of 115 g/t 3E, about 40% higher than bulk sulphide feed, with ~73% 3E and 76% copper recoveries and mass pull below 2%. These results enhance processing flexibility, improve mine scheduling options and boost the project’s attractiveness as feed for existing PGM refineries, supporting better payability and broader downstream options.
The company also executed significant board changes, appointing global mining figure Neal Froneman as Non-Executive Chairman, moving Rod Baxter into the Managing Director and CEO role, and adding Gary Humphries as Executive Director and Head of Processing. Management framed these appointments as validation of Parks Reef’s potential and as strengthening leadership for the next phase of project development.
In a key portfolio expansion, Podium released a maiden JORC Mineral Resource Estimate for the Range Well Nickel Project of 363Mt at 0.7% nickel for 2.63Mt contained nickel at a 0.5% cut-off, spanning Indicated and Inferred categories. Positioned adjacent to Parks Reef, Range Well offers potential development synergies across the company’s Weld Range tenure and broadens its exposure to battery metals alongside PGMs.
The quarter also saw Podium maintain a strong safety and sustainability record, with zero recordable injuries and no reportable environmental or heritage incidents. Coupled with forecasts for ongoing PGM market deficits, supply vulnerability and subdued recycling, the operational progress and improved technical data provide a favourable backdrop as Podium pursues its ambition of becoming a leading Western Australian PGM producer.
More about Podium Minerals Ltd.
Podium Minerals Ltd. is an Australian exploration and development company focused on platinum group metals and nickel, anchored by its Parks Reef PGM Project in Western Australia. The company is also advancing the nearby Range Well Nickel Project within its consolidated Weld Range tenure, aiming to leverage geological synergies and supportive PGM market conditions.
YTD Price Performance: -44.44%
Average Trading Volume: 2,521,983
Technical Sentiment Signal: Sell
Current Market Cap: A$48.49M
For an in-depth examination of POD stock, go to TipRanks’ Overview page.