Podium Minerals Limited · ASX:POD
Podium Minerals — Investor Presentation (June 2020)
22 slides from Podium Minerals's investor presentation, Jun 3, 2020
Slide 1: Parks Reef: Low Cost, Large Scale PGM Exploration in WA
For personal use only PARKS REEF LOW COST, LARGE SCALE PGM EXPLORATION IN WA 1.1Moz+ RESOURCE AND GROWING INVESTOR PRESENTATION JUNE 2020 ASX: POD | www.podiumminerals.com
Slide 2: Important Notice
IMPORTANT NOTICE For personal use only This Investor Presentation (Presentation) has been prepared by Podium Minerals Limited (ACN 009 200 079) (Company). The information contained in this Presentation has been prepared in good faith by the Company, however no representation or warranty expressed or
Slide 3: An Australian PGM Investment Opportunity
AN AUSTRALIAN PGM INVESTMENT OPPORTUNITY For personal use only 1 Podium Minerals Limited (ASX: POD) is focused on the continued growth of its Parks Reef Rare exposure to a Project with a view to becoming Australia’s first Platinum Group Metal (PGM) producer. large scale, long life Parks Reef consist
Slide 4: Company Snapshot
COMPANY SNAPSHOT For personal use only Capital Structure Key Shareholders (% issued capital) Shares on Issue 162,218,301 Directors (see table below) 24.0% Market Cap (undiluted at 2.6c/share) $4.2m Drawbridge Fund Ltd 6.7% Cash on Hand (31 Mar 2019) $143k Original Resources Pty Ltd 3 6.5% Options on
Slide 5: Moving Forwards Post Coronavirus
MOVING FORWARDS POST CORONAVIRUS For personal use only STRATEGY PLACEMENT & SPP • Drilling results and Mineral Resource upgrade in early • Placement and Share Purchase Plan (SPP) to raise up 2020 drove emerging market interest and increased to $1.0m before costs by issue of 62.5m shares at 1.6c volu
Slide 6: WA Focused - Low Risk Asset
WA FOCUSED - LOW RISK ASSET For personal use only WRC GEOLOGICAL COMPLEX • Flagship Parks Reef Project lies within the Weld Range Complex (WRC) in the Mid West Region of Western Australia. • Granted Mining Leases with an area of 77km2 covering the entire WRC. • Mining Agreement with Native Title Par
Slide 7: Clear Plans for Rapid Value Creation
CLEAR PLANS FOR RAPID VALUE CREATION For personal use only Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 3 Feb 2020: Mineral Resources upgrade to 1.14Moz 3E PGM plus 37,300t Cu Resource extension drilling along full 15km strike length Target of 1.5 to 2.6Moz 3E PGM within 100m of surface Infill drilling f
Slide 8: Large Scale and Long Life Opportunity
LARGE SCALE AND LONG LIFE OPPORTUNITY For personal use only Section 7 West Section 19 West Section 23 East Plan View Investor Presentation – June 2020 Slide 8
Slide 9: Consistent & Predictable Mineralisation
CONSISTENT & PREDICTABLE MINERALISATION For personal use only WEST CENTRAL EAST Investor Presentation – June 2020 Slide 9
Slide 10: Predictable Geology = Low Discovery Cost
PREDICTABLE GEOLOGY = LOW DISCOVERY COST For personal use only PGM – GOLD – BASE METALS • Near surface PGM mineralisation identified over a 15km strike length. • Distinct lithological contact provides high success rate in targeting reef location. • Three resource drilling campaigns for approximately
Slide 11: What Makes an Ounce of Parks Reef
WHAT MAKES AN OUNCE OF PARKS REEF For personal use only METAL SPLIT – 1.45g/t 3E PGM WEIGHTED PRICE PER OUNCE February 2020 average US$ 1,675 per oz 3E PGM Fundamental driven market • Resource grade 1.45g/t 3E PGM in main PGM Horizon recovery? • Rhodium assays indicate grade of circa 3% to 4% of 3E
Slide 12: Resource Base // Exploration Target
RESOURCE BASE // EXPLORATION TARGET For personal use only MINERAL RESOURCES DEFINED OVER JUST 6.9KM OF 15KM STRIKE LENGTH • Inferred JORC Mineral Resource Estimate for Parks Reef 10 containing a total of 1,140,000 ounces of combined platinum, palladium and gold plus base metal credits with 37,300 to
Slide 13: Systematic Resource Expansion Strategy
SYSTEMATIC RESOURCE EXPANSION STRATEGY For personal use only RESOURCE DEVELOPMENT STRATEGY • Systematic approach to drilling has delivered a substantial resource base at low cost and provided confidence in the continuity of mineralisation within the Exploration Target. • Rapid completion of circa 7,
Slide 14: Base Metal Credits
BASE METAL CREDITS For personal use only MINERAL RESOURCES INCLUDE 37,300 TONNES COPPER • Copper and gold enrichment in the hanging wall of Parks Reef (see down-hole metal distribution in figure below). • High value upper PGM horizon with elevated PGM grades and coincident gold and copper provides t
Slide 15: High Value Rhodium Identified
HIGH VALUE RHODIUM IDENTIFIED For personal use only WHAT IS RHODIUM? RHODIUM ASSAYS • Used to clean nitrogen oxides (NOx) from the • Samples from seven drill holes from the western and exhausts of petrol and hybrid electric vehicles. eastern sectors of Parks Reef have been re-assayed for rhodium. •
Slide 16: Defining the Pathway to Production
DEFINING THE PATHWAY TO PRODUCTION For personal use only METALLURGICAL TESTWORK • Benchscale testwork by Podium has: • demonstrated fresh mineralisation responds to conventional flotation concentration; • identified two alternative processes capable of leaching the target metals in the oxide mineral
Slide 17: Strategic Supply Opportunity
STRATEGIC SUPPLY OPPORTUNITY For personal use only Fundamental supply – demand imbalance driving multi-year PGM bull market pre-coronavirus shock PLATINUM • Rare precious / industrial metal with unique catalytic and physical properties. • World production dominated by South Africa (73%), Russia (11%
Slide 18: Value Proposition
VALUE PROPOSITION For personal use only 1 Systematic drilling by Podium at Parks Reef has cost-effectively delivered: • Mineral Resources containing 1,140,000 ounces 3E PGM and 37,300 tonnes copper over 6.9km of strike and within 100m of surface (less than 25% of Exploration Target envelope) • Explo
Slide 19: Additional Information
For personal use only ADDITIONAL INFORMATION Investor Presentation – June 2020 Slide 19
Slide 20: Board and Management
BOARD AND MANAGEMENT For personal use only Clayton Dodd -- Executive Chairman Clayton is a Chartered Accountant with more than 35 years’ experience in finance and resources in Australia, South Africa and South America. He has held directorships in companies listed on AIM, ASX, TSX and JSE. Russell T
Slide 21: Mineral Resources
MINERAL RESOURCES For personal use only INFERRED MINERAL RESOURCE – PARKS REEF PGM HORIZON Tonnes Pt Pd Au 3E PGM Cu Ni Horizon Mt g/t g/t g/t g/t % % Oxide 2.5 0.98 0.57 0.20 1.76 0.20 0.11 PGM – Upper Fresh 3.3 0.84 0.46 0.27 1.56 0.18 0.09 Sub-total 5.7 0.90 0.51 0.24 1.65 0.19 0.10 Oxide 8.0 0.7
Slide 22: PGM Market Balance
PGM MARKET BALANCE For personal use only Platinum '000 oz Supply / Demand Balance 2014 2015 2016 2017 2018 2019 Supply Mine Supply 5,154 6,139 6,110 6,139 6,110 6,020 Recycling 2,045 1,739 1,916 2,049 2,098 2,261 7,199 7,878 8,026 8,188 8,208 8,281 Demand Autocatalyst 3,062 3,263 3,326 3,208 2,967 2