Podium Minerals Limited is a Western Australia-focused exploration and resource development company that focuses on gold, base metals, and platinum group metals. The company was founded in May 2000 and went public on the Australian Securities Exchange (ASX) in February 2018. The stocks of the company are traded under the ticker POD on the ASX.
POD is targeting high-value platinum group metal (PGM) prospects with robust growth potential and strong market fundamentals. The explorer aims to develop a supplementary supply of platinum group metals for the global market.
POD owns an 100% stake in the Parks Reef PGM Project in the Mid-West Region of Western Australia, which contains a 15km strike of near-surface gold, base metals, and platinum group metals mineralisation.
At the project, POD is focusing on bulk tonnage of high grade PGM-Au mineralisation, suitable to develop an economical open pit mining operation. The near-vertical orientation of the reef offers favourable geometry for both underground and open-pit mining. Around 90% of the world’s PGM supply is undertaken by South Africa, Russia, and Zimbabwe. However, POD's PGM project is steadily progressing towards creating a supplementary supply of PGM in the global market.
The project is in line with POD’s business plan to assess new business opportunities for providing a pipeline of development projects to the company. The company is targeting additional opportunities that can leverage Podium’s expertise to maximise value creation while maintaining minimum costs.