Parks Reef Drilling Confirms Strong PGM Grades

Podium Minerals’ metallurgical and resource extension drilling at Parks Reef has confirmed robust, consistent platinum group metals (PGM) mineralisation over a substantial strike length, supporting targeted mining strategies and further metallurgical test work.

<ul><li>All 17 metallurgical PQ diamond holes intersected both PGM and Cu-Au Zones at expected depths, validating geological and resource models.</li><li>PGM Zone intercept widths range from 10 to 24 metres (downhole), averaging ~17 metres, with multiple high-grade results returned.</li><li>High-grade intercepts include 2.4m @ 2.52g/t 5E PGE (incl. 1.1m @ 4.14g/t) and 26m @ 1.31g/t 5E PGE, highlighting strong mineralisation continuity.</li><li>3E mineral distribution profiles align with previous drilling, demonstrating potential for selective mining and feed grade optimisation.</li><li>Drillholes span a ~3.3km strike length, delivering approximately 2 tonnes of representative sample for ongoing metallurgical test work and process optimisation.</li><li>Assay results for rhodium, iridium, and deeper resource continuity holes are pending, with further updates expected soon.</li></ul>

ASX:

$

00%

Parks Reef Drilling Confirms Strong PGM Grades