Podium Minerals Ltd. (AU:POD) has released an update.
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Podium Minerals Ltd. has reported a significant 27% increase in their Inferred Mineral Resource Estimate for the first quarter of 2024, with their Parks Reef Platinum Group Metals Project in Western Australia now boasting 7.6 million ounces of PGM. The company has also been working on refining their metallurgical processes, aiming to economically extract eight payable metals and reduce costs. Despite market pressures, Podium maintains a positive outlook for PGM demand, driven by the automotive and industrial sectors.
For further insights into AU:POD stock, check out TipRanks’ Stock Analysis page.