POD podium minerals limited

Ann: Podium Enlarges Exploration Target and Recommences Drilling, page-6

  1. 1,851 Posts.
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    ok so new exploration target up to 3.8 Moz 3E PGM plus the current resource of 2.8 Moz 3E PGM is 6.6 Moz 3E PGM. This is down to 250m along the 15km of the reef.

    If our deep drilling (500m deep) delivers positive results - it could be at least double than this, so 13.2 Moz 3E PGM down to 500m.

    And soon we have the assays for the 5E PGM (Rhodium and Iridium) - which will increase this resource/exploration target, but most importantly, the value of the project (up to 25/30% additional value or so, depending on PGM prices).

    On top of this our base metal credits (Copper and Nickel), which should also grow in terms of resource/exploration target due to the consistent mineralisation of the reef.
 
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