Podium Minerals Limited
0.03
AUD
+0.00
(+4.00%)
Podium Minerals Limited
ASX:POD
(Australian Securities Exchange)
Recent
price
0.03
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div
yld
- -
ROIC.AI
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- Business
- Podium Minerals Limited (ASX:POD) operates as an exploration and resource development company focused on platinum group metals (PGMs) and associated minerals in Australia; it explores and develops deposits of platinum, palladium, rhodium, iridium, gold, copper, nickel and cobalt primarily through its flagship Parks Reef project, which spans 77 square kilometres over the Weld Range Complex in Western Australia's Mid-West region near Cue and features a 15km strike length PGM orebody extending from near-surface to depths of at least 500 metres with mineralisation open at depth. The Parks Reef 5E PGM project hosts a mineral resource of 1.14 million ounces of combined platinum, palladium and gold plus 37,300 tonnes of copper credits across the main PGM zone and a recently delineated copper-gold zone; it positions the company to supply PGMs critical for automotive catalytic converters, hydrogen fuel cells and green hydrogen production amid global demand for low-carbon technologies. Incorporated in 1986 and headquartered at Level 4, 682 Murray Street, West Perth, the company formerly known as Weld Range Metals Limited maintains granted mining leases in an established mining district with access to infrastructure including haul roads, ports and regional workforces. In recent developments, Podium Minerals received creditor approval in October 2024 for a deed of company arrangement to acquire all assets of EVM Nickel Pty Ltd, including mineral rights, licences and intellectual property over the adjacent Range Well nickel-cobalt project, issuing 110.7 million shares to secured creditor Johnson Matthey (held in 24-month voluntary escrow) plus 2.27 million shares to EV Metals Group and a $1.17 million cash payment while granting Johnson Matthey a 1.5% net smelter royalty on Range Well production, subject to shareholder and Foreign Investment Review Board approvals to consolidate tenements, enhance operational synergies and expand its footprint. The company completed an oversubscribed $7.0 million entitlement offer in October 2025 fully underwritten by Leeuwin Wealth and Cumulus Wealth to fund pilot plant test work on its concentrator flowsheet, metallurgical drilling and deeper resource continuity testing at Parks Reef; earlier in June 2025, it raised $2.6 million via another underwritten entitlement offer to advance flotation recovery improvements and concentrate grade enhancements following a 54% resource increase incorporating the copper-gold zone. These capital raises and the EVM Nickel transaction fortify Podium Minerals' balance sheet, metallurgical capabilities and strategic positioning as Australia's premier PGM developer targeting global critical minerals markets.