Podium Minerals Limited · ASX:POD
Podium Minerals — Shareholder Meeting (November 2025)
27 slides from Podium Minerals's shareholder meeting presentation, Nov 25, 2025
Slide 1: Podium Minerals Annual General Meeting
COMPANY UPDATE: For personal use only PODIUM MINERALS LTD ANNUAL GENERAL MEETING Advancing Australia’s Premier PGM Project November 2025 | ASX: POD
Slide 2: Important Notice
Important Notice This Investor Presentation (Presentation) has been prepared by Podium Minerals Limited (ACN 009 July 2022, 29 July 2022, 2 August 2022, 18 August 2022, 6 September 2022, 8 September 2022, 4 200 079) (Company). October 2022, 6 October 2022, 20 October 2022, 31 October 2022, 3 Novembe
Slide 3: Major metallurgical milestone unlocks development of Parks Reef
Major metallurgical milestone unlocks development of Parks Reef Transformational Concentrator Flowsheet delivers ~80% 3E recovery, establishing outstanding platform NORTH Significant 7.6Moz 5E1 PGM Resource with growth potential at depth, plus Cu-Au Zone2 enhancing scale and optionality. For persona
Slide 4: Corporate Snapshot
Corporate Snapshot Cash and Capital Structure Summary Shareholder Summary Cash at 29 October 2025 ~$13.2M Top 5 Holders % holding For personal use only Shares on issue (17 November 2025) 987,626,544 Johnson Matthey Investments Limited 11.2% Listed options on issue (Ex @ $0.06, expiry 22 Dec 2026) 30
Slide 5: Parks Reef is a Globally Significant PGM Mineral Resource
Parks Reef is a Globally Significant PGM Mineral Resource For personal use only Size and Scale Upside Growth Opportunities For Potential At Depth Grade Optimisation 5
Slide 6: Parks Reef Has Size And Scale With Upside At Depth
Parks Reef Has Size And Scale With Upside At Depth Extending across impressive 15km strike length and delineated to a wide-open depth of only 250m Parks Reef Resource to 250m depth: Pt Pd Rh Ir Au 5E PGM Cu Ni Co PGM Zone (183Mt Resource1) 3.7Moz 3.2Moz 0.3Moz 0.1Moz 0.4Moz 7.6Moz 103kt 143kt 27kt F
Slide 7: Mineralised Zones Offer Additional Value-growth Opportunities
Mineralised Zones Offer Additional Value-growth Opportunities Robust, flexible Concentrator provides potential to process various Parks Reef mineralised zones Ore Body Schematic1 Typical mineral distribution profile at Parks Reef (PRRC164) 4.00 0.70 (Cross section West → East) COPPER-GOLD ZONE HG HW
Slide 8: Major Metallurgical Breakthrough
Major Metallurgical Breakthrough For personal use only Transformational Achieves ~80% 3E Unlocks New Era of Concentrator Recoveries Into Two Strategic Optionality Flowsheet Delivered Concentrator Products for Podium
Slide 9: Game-Changing Concentrator Flowsheet
Game-Changing Concentrator Flowsheet Breakthrough delivers a range of strategic product, revenue stream and Project optimisation opportunities Block Flow Diagram Mine to Concentrator Transformational Concentrator Flowsheet For personal use only • Concentrator verified at lab- scale using sulphide fe
Slide 10: Delivers Highly Selective Flotation Performance
Delivers Highly Selective Flotation Performance Flotation produces an attractive concentrate at 57 g/t 3E with ultra-low levels of deleterious chromite Flotation Circuit Flotation Performance Designed to recover fast-, medium- and slow-floating PGMs Bulk sulphide composite1, at 1.6% mass pull operat
Slide 11: PGM Value Recovery Circuit Enhances Concentrator Performance
PGM Value Recovery Circuit Enhances Concentrator Performance Innovative circuit recovers additional PGMs and base metals from flotation tailings Unique PGM Value Recovery Circuit High-grade PGM Concentrate1 Recovers non-floating PGMs reporting to the tailings from the Flotation Circuit PGM and nicke
Slide 12: Concentrator Unlocks Value, Ushering in a New Era for Podium
Concentrator Unlocks Value, Ushering in a New Era for Podium Paving the Way for Strategic Partnerships and Parks Reef Development to Commercialisation Three strategic pillars guide the path forward For personal use only Robust Adaptable Process Outstanding Performance Market-ready Products Podium ha
Slide 13: PGM Market Update
PGM Market Update For personal use only Robust Fundamentals Driving Market Tightness, Supportive of Prices Firming Eroding Supply Resilient Demand Imbalances driving tight market conditions: • Generating Structural Deficits • Depleting Above-Ground Stocks • Exacerbated by global trade tensions and g
Slide 14: PGM Prices Responding Positively
PGM Prices Responding Positively Commencement of long-awaited recovery in key metal prices Platinum and Palladium Price Performance 2025 YTD (US$/oz) For personal use only $1,800 New price highs establishing…. $1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 Post-rally consolidation, with $90
Slide 15: 2025F PGM Demand-Supply
2025F PGM Demand-Supply Third year of sustained net deficits forecast for key PGMs; Southern Africa & Russia supply 89% Automotive Automotive For personal use only 3.2Moz 7.9Moz Other 42% 19.6Moz 84% 0.5Moz, 7% DEMAND Industrial Jewellery 7.7Moz 9.4Moz 1.4Moz 1.4Moz Platinum 7.7Moz 9.4Moz Palladium
Slide 16: Robust Underlying Fundamentals
Robust Underlying Fundamentals PGM market tightness underpinned by a combination of declining supply…. Supply decline remains a prominent theme, with risk to the downside For personal use only Mined supply eroding, and under pressure. Platinum mine supply challenges1 (Higher cost operations recordin
Slide 17: Robust Underlying Fundamentals Continued
Robust Underlying Fundamentals Continued ….and resilient demand, driving structural deficits Demand is robust, with a positive outlook For personal use only Automotive demand resilient and outperforming expectations. ICE/Hybrid to remain dominant drivetrain1 Global light vehicle production, M • Slow
Slide 18: Market Tightness To Persist
Market Tightness To Persist Leading indicators demonstrate metal squeeze and support metal supply security narrative • Resilient demand plus eroding supply is driving sustained AGS have depleted over the past 3-years1 metal shortages; key PGMs in third year of deficit: For personal use only Above gr
Slide 19: Driving Value
Driving Value For personal use only Advance The Unlock additional Pursue corporate Parks Reef Project underlying value opportunities through project pathways 19
Slide 20: Successfully Advancing Parks Reef
Successfully Advancing Parks Reef Critical project focus areas have all progressed strongly in 2025 Metallurgical Drilling Flotation Circuit Value Recovery Circuit For personal use only Diamond drilling campaign of bulk and Laboratory-scale flotation test work on Improve value-metal recoveries to hi
Slide 21: Unveiling A New Era for Podium - Development Next Steps
Unveiling A New Era for Podium - Development Next Steps Batch-continuous scale-up testing of Concentrator marks a step-jump on road to commercialisation Capitalising on Parks Reef metallurgical breakthrough and progressing to batch-continuous testing Metallurgical Drilling Concentrator – Process, Pe
Slide 22: Drilling Commenced at Site
Drilling Commenced at Site Substantial Parks Reef drilling campaign underway Drilling programs to support Concentrator flowsheet development and enhance resource understanding For personal use only Target starter Proposed Metallurgical Target starter mine #1 (Oxide) Drillholes mine #2 Proposed Propo
Slide 23: Podium Ready For Re-Rating
Podium Ready For Re-Rating Attractive basket of metals with a strong price outlook The Podium Basket of Metals1 Enterprise Value3 Per Resource Ounce For personal use only (A$ per 5E PGM Oz) Attributable EV/Resource (A$/Oz) Pt Co 8% EV (A$M) Pd Ni 13% Pt 25% $40 $700 Rh 7% Ir 11% 30% $600 Au 6% Cu-Au
Slide 24: Podium's Investment Proposition
Podium’s Investment Proposition Australia’s premier PGM business Existing Scale: 7.6Moz 5E in PGM Resource plus additional Cu-Au Zone Resource For personal use only Growth Upside: Extensive Mineral Resource growth potential below 250m depth (to potentially +2km) Advanced Tenure: Granted Mining Licen
Slide 25: Contact Us
For personal use only CONTACT US Rod Baxter (Executive Chairman) Ben Newton (Chief Financial Officer) E info@podiumminerals.com Level 4, 682 Murray St, West Perth, Western Australia 6005 T (+61) 8 9218 8878 W www.podiumminerals.com podium-minerals-limited @PodiumMinerals ACN 009 200 079
Slide 26: Appendix - Mineral Resource Estimate
Appendix - Mineral Resource Estimate Inferred Mineral Resource Estimate PGM Zone Pt Pd Rh Ir Au 5E PGM Cu Ni Co Inferred 183Mt Resource1 For personal use only Grade 0.62g/t 0.55g/t 0.05g/t 0.02g/t 0.06g/t 1.30g/t 0.06% 0.08% 0.015% Metal 3.7Moz 3.2Moz 0.3Moz 0.1Moz 0.4Moz 7.6Moz 103kt 143kt 27kt Cop
Slide 27: Appendix - Peer Benchmarking References
Appendix - Peer Benchmarking References Enterprise Value Benchmarking Sources Enterprise Market Enterprise Attributable Share Cash Grade value per For personal use only Name & Ticker Exchange Capitalisation Value resource2 Status Reference link Price1 (A$m)3 (g/t) resource oz (A$m)1 (A$m) (Moz) (A$m
Podium Minerals — Shareholder Meeting (November 2025) on 6ix