Podium Minerals advances Parks Reef with new drilling, ‘game-changing’ concentrator flowsheet and A$12m funding boost

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

Podium Minerals has reported a highly active December 2025 quarter, highlighted by the commencement of a new drilling program at its Parks Reef PGM Project to collect bulk sulphide, oxide and Cu-Au zone samples, deepen geological understanding and support ongoing metallurgical test work. The company delivered a new concentrator flowsheet that it describes as transformational, achieving about 80% recovery of key 3E metals through conventional flotation and value recovery circuits, and backed this technical progress with a A$12 million capital raise to fund drilling, flowsheet validation and optimisation. Rising platinum, palladium and rhodium prices have significantly lifted Podium’s basket price and improved project economics, while new senior processing and finance appointments, together with a clean safety record for the quarter, position Podium to accelerate development of Parks Reef and reinforce its ambition to become a leading PGM producer in Western Australia.

The most recent analyst rating on (AU:POD) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Podium Minerals Ltd. stock, see the AU:POD Stock Forecast page.

More about Podium Minerals Ltd.

Podium Minerals Ltd is an ASX-listed resources company focused on the Parks Reef platinum group metals (PGM) project in Western Australia. The company is advancing a large-scale PGM resource with particular emphasis on platinum, palladium, gold and associated metals, targeting development as a significant, locally based supplier in a market traditionally dominated by overseas jurisdictions.

YTD Price Performance: -11.11%

Average Trading Volume: 3,949,622

Technical Sentiment Signal: Buy

Current Market Cap: A$79.03M

For an in-depth examination of POD stock, go to TipRanks’ Overview page.