It’s also worth paying careful attention to POD’s statements to...

It’s also worth paying careful attention to POD’s statements to date, of course.

1. October 2018

Podium has held initial discussions with the Western Australian School of Mines (WASM) who have specialist and directly relevant experience in leaching processes for PGMs, gold and base metals and Podium plans to further progress this approach as an alternative process route. The Company envisages that a low capital cost leaching operation could optimise recoveries and produce high purity products from the near surface oxide material.

2. October 2019

Testwork identifies leaching processes for Parks Reef oxide mineralisation

Two alternative leach processes identified to treat the near surface oxide mineralisation in Parks Reef

High and rapid extraction rates achieved by both processes with testwork by WildIP achieving up to 96% PGM extraction

Both processes use atmospheric leaching at low to moderate temperatures

3. Recent Quarterly Update

The goal of the process design work package is to develop the most practical flowsheet to process mineralisation from each of the Parks Reef mineral domains.

The work follows on from a recently completed testwork programme with Murdoch University which focused on leaching processes for the oxide mineralisation. This work has successfully verified and builds upon work previously undertaken at Western Australian School of Mines (WASM) with results described in the following section of this announcement.

The first stage of work by Core has been to undertake a review and gap analysis of all the testwork completed to date which has resulted in the identification of a number of flowsheet options for analysis.As a result of the review, testwork by Core will initially focus on pre-treatments and flotation concentration for each of the Parks Reef mineral domains as an initial flowsheet stage to produce an optimised leach feed and / or a saleable concentrate.

The preferred development route for the Parks Reef Project is for production of a high-purity product(s) that may be marketable directly to metal refiners, however the initial production of a platinum group metal (PGM) and / or base metal concentrate could allow for a staged development of the project.