22% increase in 3E PGM to 1,390,000 ounces
44% increase in copper to 53,900 tonnes

Podium Minerals Limited (‘Podium’ or the ‘Company’) is pleased to announce that modelling of recent drilling has delivered a substantial increase in the Mineral Resource estimate for Parks Reef with contained metals increasing to a total of 1,390,000 ounces of combined platinum, palladium and gold plus base metal credits with 53,900 tonnes copper.
Highlights:
• Recent drilling in the western sector of Parks Reef delivers a substantial upgrade of Podium’s Mineral Resources with contained 3E PGM increasing by 22% to 1,390,000 ounces:
Inferred Mineral Resource estimate for Parks Reef PGM horizon
Tonnes
Mt
Pt
g/t
Pd
g/t
Au
g/t
3E PGM
g/t
3E PGM
koz
Cu
%
Ni
%
25.0 0.77 0.66 0.09 1.52 1,230 0.08 0.09
Inferred Mineral Resource estimate for Parks Reef base metal – gold horizon
Tonnes
Mt
Pt
g/t
Pd
g/t
Au
g/t
3E PGM
g/t
3E PGM
koz
Cu
%
Ni
%
14.9 0.12 0.08 0.13 0.33 160 0.24 0.09
(i) Note small discrepancies may occur due to rounding
(ii) PGM horizon Mineral Resource estimated at a cut-off grade of 1g/t 3E PGM
(iii) Base-metal-gold horizon Mineral Resource estimated at a cut-off grade of 0.1% Cu
• The total resources extend over approximately 8.5km of strike length including a
continuous 6.1km resource block spanning the western half of Parks Reef.
• The Mineral Resources are defined to a depth of 100m below surface based on an
assumption of bulk open-pit mining with mineralisation open at depth.
• The Resources include a high value Upper PGM Horizon of:
5.8Mt @ 2.01g/t 3E PGM and 0.19% Cu.
• Drilling is currently underway as part of a 6,000m programme to accelerate the
systematic resource growth along the full 15km strike length of Parks Reef.
• A new geological interpretation provides drill targets to test for fault repetition of
mineralisation within the existing resource areas.
• Drill testing of the new 1.2km western extension planned for first quarter 2021.
Executive Chairman Clayton Dodd commented:
“We are very pleased with the results of this work as we continue to grow and enhance the
Mineral Resources at Parks Reef.
As well as building a material resource base, our improved geological understanding has
allowed us to more clearly delineate a high value poly-metallic sub-zone and we continue
to identify new targets.
The metals in our resources are key inputs for the future world economy with the uses for
PGMs, copper and nickel ranging from emission controls, hydrogen energy plus
electrification and battery storage.
We have also identified a concentration of rhodium within the lower PGM horizon, which
we plan to routinely assay to include in the resources when we infill drill for indicated status.
Podium provides unique exposure across these markets with commodity prices reaching
multi-year highs based on the current strong demand and positive outlook.”