Podium Minerals Limited · ASX:POD
Podium Minerals — Investor Presentation (October 2025)
36 slides from Podium Minerals's investor presentation, Oct 1, 2025
Slide 1: Company Update: Metallurgical Breakthrough
COMPANY UPDATE: METALLURGICAL BREAKTHROUGH GAME-CHANGING CONCENTRATOR UNLOCKS A NEW ERA FOR PODIUM Advancing Australia’s Premier PGM Project 1 October 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. NEW game-ch
Slide 4: Corporate Snapshot
Corporate Snapshot Cash and Capital Structure Summary Shareholder Summary Cash at 30 June 2025 $3.8M Top 5 Holders % holding Shares on issue (26 September 2025) 799,314,528 Johnson Matthey Investments Limited 13.9% Listed options on issue (Ex @ $0.06, expiry 22 Dec 2026) 290,046,884 Cumulus Wealth P
Slide 5: Parks Reef is a Globally Significant PGM Mineral Resource
Parks Reef is a Globally Significant PGM Mineral Resource 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 C
Slide 7: Mineralised Zones Offer Opportunity for Further Development
Mineralised Zones Offer Opportunity for Further Development Robust, flexible Concentrator provides potential to process various Parks Reef ore 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 PGM ZONE
Slide 8: Major Metallurgical Breakthrough
Major Metallurgical Breakthrough Transformational Achieves ~80% 3E Unlocks New Era Concentrator Recoveries Into Two of Strategic Optionality Flowsheet Delivered High-Grade, for Podium Concentrator Products
Slide 9: Game-Changing Concentrator Flowsheet Delivered
Game-Changing Concentrator Flowsheet Delivered Breakthrough delivers a range of strategic product, revenue stream and optimisation opportunities Transformational Concentrator Flowsheet Process Schematic • Concentrator verified at lab-scale using sulphide feed grading 1.65 g/t 3E. Concentrator • Outs
Slide 10: Concentrator Flowsheet Designed to Maximise Value
Concentrator Flowsheet Designed to Maximise Value Concentrator delivers two discrete, marketable high-grade products Block Flow Diagram Mine to Concentrator De-risked and proven technology tailored to Parks Reef ore. Products compatible Ultra-low as feed to chrome existing content PGM ~0.12%. refine
Slide 11: 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 12: PGM Value Recovery Circuit Enhances Concentrator Performance
PGM Value Recovery Circuit Enhances Concentrator Performance Innovative circuit recovers additional PGMs and base metals Unique PGM Value Recovery Circuit High-grade PGM Concentrate1 Recovers non-floating PGMs reporting to the tailings from the Flotation Circuit PGM and nickel product Selective reco
Slide 13: 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 Robust Adaptable Process Outstanding Performance Market-ready Products Podium has developed a The Conc
Slide 14: PGM Market Update
PGM Market Update Robust Fundamentals Driving Market Tightness, Supportive of Prices Firming Eroding Supply Resilient Demand Market Imbalance: • Generating Sustained Structural Deficits • Depleting Above-Ground Stocks 14
Slide 15: PGM Prices Responding Positively
PGM Prices Responding Positively Commencement of long-awaited recovery in key metal prices has arrived Platinum and Palladium Price Performance 2025 YTD (US$/oz) New Platinum price high USD/Oz establishing…. $1,700 Previous highest Platinum price since 2014 $1,600 $1,500 From Jan - Jul 2025: +62% Pt
Slide 16: 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 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 15% 18% Demand 39% 48%
Slide 17: Robust Underlying Fundamentals
Robust Underlying Fundamentals PGM market tightening underpinned by declining supply…. Supply decline remains a prominent theme, with risk to the downside Mined supply eroding, and under pressure Platinum mine supply challenges (Higher cost operations recording structurally • 2025 South African supp
Slide 18: Robust Underlying Fundamentals Continued
Robust Underlying Fundamentals Continued ….and resilient demand, driving persistent structural deficits Demand is robust, with a positive outlook Automotive demand resilient and outperforming expectations Automotive demand • Slower adoption of Battery-Electric Vehicles (BEV) – forecast erosion of In
Slide 19: Building Market Tightness Evidenced
Building Market Tightness Evidenced Leading indicators demonstrate pending squeeze • Resilient demand plus eroding supply is driving Consecutive market deficits will reduce platinum AGS1 sustained structural market deficits; key PGMS in third year of deficit: o Pt 2025(f) = 966Koz deficit (~12.5% of
Slide 20: Driving Value
Driving Value Advance The Develop Pathways To Position For PGM Parks Reef Project Leverage Strategy Price Recovery 20
Slide 21: 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 Diamond drilling campaign of bulk and Laboratory-scale flotation test work on Improve value-metal recoveries to high-grade sections to p
Slide 22: Unveiling A New Era for Podium - Development Next Steps
Unveiling A New Era for Podium - Development Next Steps Pilot-scale testing of Concentrator marks a step-jump on road to commercialisation Capitalising on Parks Reef metallurgical breakthrough and progressing to pilot scale testing Metallurgical Drilling Concentrator Pilot Plant – Process, Performan
Slide 23: Capital Raise
Capital Raise $12m capital raise $5m Placement Fund the next $7m Non-Renounceable phase of Rights Issue development of Parks Reef 23
Slide 24: Equity Raise Overview
Equity Raise Overview $12.0m funded by $5.0m Placement and $7.0m Non-renounceable Rights Issue Capital raise details Advisor breakdown Key Terms Details Advisors Details $12.0 million (before costs): Leeuwin Wealth Pty Ltd Funds • $5.0 million Placement. Joint Lead Managers Cumulus Wealth Pty Ltd •
Slide 25: Use of Funds
Use of Funds Advancing the Parks Reef Project Use of funds overview Project Activities Details Amount Metallurgical Sample Diamond drilling campaign targeting the PGM Zone sulphide ore to provide diamond $1.92m drilling core for the next phase pilot testing. Concentrator pilot phase test work on bul
Slide 26: Indicative Timetable
Indicative Timetable Capital Raise Timetable Indicative Timetable1 Date (and time if relevant) Settlement of New Shares under Placement Monday, 6 October 2025 Record Date 5.00pm (AWST) Tuesday, 7 October 2025 Opening Date 9.00am (AWST) Friday, 10 October 2025 Closing Date 5.00pm (AWST) Tuesday, 21 O
Slide 27: Podium Ready For Re-Rating
Podium Ready For Re-Rating Attractive basket of metals with a strong price outlook The Podium Basket of Metals1 Enterprise Value2 Per Resource Ounce (A$ per 5E PGM Oz) Attributable EV/Resource (A$/Oz) Pt Co 6% EV (A$M) $60 $900 Pd Ni 14% Pt 27% Rh 5% $800 EV per Resource ounce (A$/Oz) Enterprise Val
Slide 28: 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 Growth Upside: Extensive Mineral Resource growth potential below 250m depth (to potentially +2km) Advanced Tenure: Granted Mining Licences and native title a
Slide 29: Contact Us
CONTACT US Rod Baxter (Executive Chairman) Justine Lea (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 30: 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 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 Copper-Gold Zone Pt Pd Rh
Slide 31: Appendix - Peer Benchmarking References
Appendix - Peer Benchmarking References Enterprise Value Benchmarking Sources Enterprise Market Enterprise Attributable Share Cash Grade value per Name & Ticker Exchange Capitalisation Value resource2 Status Reference link Price1 (A$m)2 (g/t) resource oz (A$m)1 (A$m) (Moz) (A$m/Moz) Podium Podium Mi
Slide 32: Appendix – Risk Factors
Appendix – Risk Factors An investment in the Company is not risk free. The Directors strongly recommend that prospective investors consider the risk factors set out below, together with all other information released by the Company in accordance with its continuous disclosure obligations, before mak
Slide 33: Appendix – Risk Factors Continued
Appendix – Risk Factors Continued RISK CATEGORY– Industry Specific RISK Title Interests in exploration and mining tenements in Western Australia are evidenced by the granting of licences, leases, permits or authorities. Each of the Company’s tenements has been granted for a specific term and carries
Slide 34: Appendix – Risk Factors Continued
Appendix – Risk Factors Continued RISK CATEGORY– Industry Specific RISK Exploration and Development Risk Mineral exploration and development are high-risk undertakings, and there is no assurance that exploration of the Company’s tenements will result in the discovery of an economic resource deposit.
Slide 35: Appendix – Risk Factors Continued
Appendix – Risk Factors Continued RISK CATEGORY– Industry Specific RISK Occupational health and safety The Company is committed to providing a healthy and safe environment for its personnel, contractors and visitors. Mining activities have inherent risks and hazards. The Company provides appropriate
Slide 36: Appendix – Risk Factors Continued
Appendix – Risk Factors Continued RISK CATEGORY – Industry Specific RISK Environmental The operations and proposed activities of the Company are subject to State and Federal laws and regulations concerning the environment. As with most exploration projects and mining operations, the Company’s activi
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