Podium Minerals (ASX:POD) go platinum at Parks Reef

Podium Minerals have achieved breakthrough recoveries exceeding 90 per cent from the optimisation program over its Parks Reef Platinum Group Metals Project 80 kilometres west of Meekatharra in Western Australia.

Through optimisation of its atmospheric leach process, Podium’s ongoing test work has accomplished material improvements in recoveries of platinum, iridium, nickel, and cobalt associated with sulphide ore.

The world-leading recoveries align with the explorer-turning developer’s strategy to optimise returns from the project and its 143Mt @1.3g/t 5E PGM resource.

“Our primary focus in the last few months has been to improve metal recoveries, and we can now report a number of exciting successes in this area,” Managing Director and Chief Executive Mr Sam Rodda said.

“Recoveries of greater than 90% have been achieved for both oxide and sulphide ores under certain testing conditions.

“This represents a 30% uplift on previous stated oxide recoveries and an enormous 50% increase in previous reported platinum recoveries.”

Podium’s platinum group metal project in Western Australia.

PODIUM FPO [POD]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Podium Minerals Limited operates as an exploration and resource development company in Australia. The company primarily explores for platinum, palladium, rhodium, and iridium; and nickel, copper, cobalt, and gold deposits. Its flagship project is the Parks Reef project located in the Mid-West region of Western Australia. The company was formerly known as Weld Range Metals Limited. The company was incorporated in 1986 and is headquartered in West Perth, Australia.