Podium Minerals Advances Parks Reef, Unveils Range Well Nickel Resource and Reshapes Board

Podium Minerals Ltd. ( (AU:POD) ) has issued an update.

Podium Minerals reported a strong March 2026 quarter marked by completion of a diamond and RC drilling campaign at its Parks Reef PGM Project, which delivered significant sulphide and oxide metallurgical samples and deeper core to refine the concentrator flowsheet and support resource continuity studies. The company also maintained zero reportable safety or environmental incidents during the period, underscoring its operational discipline.

Metallurgical test work on the high‑grade hanging wall at Parks Reef produced a concentrate grading 115 g/t 3E, about 40% higher than bulk sulphide product, with ~73% 3E and 76% copper recoveries and a low mass pull, improving process optionality and refinery appeal. These results are expected to enhance blending flexibility, accelerate value in mine scheduling, and strengthen the project’s marketability as a feedstock to existing PGM refineries.

The quarter saw transformative leadership changes, with global mining figure Neal Froneman appointed Non‑Executive Chairman, Rod Baxter moving to Managing Director and CEO, and Gary Humphries joining as Executive Director and Head of Processing, deepening governance and technical capability. Management framed these appointments as an endorsement of the scale and growth ambitions of Parks Reef and the broader corporate strategy in Western Australia.

Podium also announced a maiden JORC Mineral Resource Estimate at the Range Well Nickel Project of 363 Mt at 0.7% nickel for 2.63 Mt contained nickel at a 0.5% cut‑off, including substantial Indicated and Inferred resources. Located adjacent to Parks Reef, Range Well offers potential development synergies within Weld Range, broadening Podium’s asset base as supportive PGM market fundamentals, including forecast deficits and supply vulnerability, provide a constructive backdrop for advancing its projects.

More about Podium Minerals Ltd.

Podium Minerals Ltd. is an Australian exploration and development company focused on platinum group metals and nickel in Western Australia. Its flagship asset is the Parks Reef PGM Project, complemented by the nearby Range Well Nickel Project within the reconsolidated Weld Range tenure, positioning the company to leverage PGM market tightness and emerging nickel opportunities.

YTD Price Performance: -44.44%

Average Trading Volume: 2,521,983

Technical Sentiment Signal: Sell

Current Market Cap: A$48.49M

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