Podium Minerals Limited · ASX:POD
Podium Minerals — Shareholder Meeting (November 2023)
29 slides from Podium Minerals's shareholder meeting presentation, Nov 21, 2023
Slide 1: Company Presentation - Annual General Meeting
Company Presentation Annual General Meeting 21 November 2023 ASX : POD
Slide 2: Important Notice
Important Notice 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 implied is made as to
Slide 3: Highly Leveraged to a Metal Price Recovery
Highly Leveraged to a Metal Price Recovery Parks Reef PGM project has size, scale, and growth potential Located in low-risk jurisdiction of WA with 15km strike length and 6 Moz1 in Resource, Parks Reef has size and scale with growth potential at depth. PGM prices currently disrupted by global events
Slide 4: Corporate Snapshot
Corporate Snapshot BOARD CORPORATE • Director and Executive Cash at 30 September 2023 $2.6M ROD BAXTER • 35+ years’ experience with global companies (inc. Anglo Platinum) Shares on issue 364,336,594 CHAIRMAN AND INTERIM CEO • PGM, metallurgical, process PHD, MBA, BSc engineering, construction and Pe
Slide 5: Podium Minerals Limited - Parks Reef Project
Podium Minerals Limited Parks Reef Project • 143 Mt Resource contains 6.0 Moz Platinum Group Metals (platinum, palladium, rhodium and iridium) plus gold, and base metals (94kt Cu, 127kt Ni and 24kt Co). • Resource defined to 250m, with growth potential likely to >2km depth1. • Located in geopolitica
Slide 6: What are PGMs?
/ What are PGMs? Uses of PGMs
Slide 7: About Platinum Group Metals (PGMs)
About Platinum Group Metals (PGMs) PGMs are critical to transportation decarbonisation and the green hydrogen economy PGMs are rare metals, classified as critical minerals in Australia, India, Japan, US & Europe. Pt, Pd and Rh are used in ICE autocatalysts to reduce harmful exhaust emissions (and ha
Slide 8: PGMs are Essential to the Hydrogen Economy
PGMs are Essential to the Hydrogen Economy PGMs are critical components in PEM Electrolysers and Fuel Cells 1. Hydrogen flows through 2 the anode side and Platinum and oxygen flows through the iridium are cathode side critical components in 2. At the anode, proton hydrogen splits exchange into proto
Slide 9: Platinum Group Metals (PGMs) - Supply
Platinum Group Metals (PGMs) - Supply 2022 PLATINUM SUPPLY BY COUNTRY Russia Zimbabwe Russia Pt – 12% 12% 9% Pd – 43% North Rh – 10% America North America 5% Pt – 5% Other Pd – 11% 2% South Africa 72% South Africa Australia + Zimbabwe Pt – ?% Pt – 84% Pd – ?% Pd – 41% Rh – ?% 2022 PALLADIUM SUPPLY B
Slide 10: PGM Industry & Outlook
PGM Industry & Outlook 1. Recent Market dynamics 2. Demand underpinned by existing sectors 3. Upside in Green Hydrogen
Slide 11: Platinum, Palladium and Rhodium – Market Reset
Platinum, Palladium and Rhodium – Market Reset Global PGM markets re-setting and price response expected PGM market 3 year Platinum, Palladium and Rhodium prices1 Disrupted PGM markets disruption USD Price of Pt USD Price are re-setting: triggered by: and Pd / Oz of Rh / Oz $3,000 $30,000 Geopolitic
Slide 12: Developed to 8 Payable Metals in the Podium Basket
Developed to 8 Payable Metals in the Podium Basket Optimal mix of metals in the Podium basket: 6Moz 5E (Pt, Pd, Rh, Ir, Au) + Base Metals (Cu, Ni, Co) The Podium Basket The ‘Podium Ounce’ (5E + Base Metals) Ir Au Au Co 9% 3% 3% Pt 7% Ir 19% Pt 6% 24% 5% 5% 5% 4% Pt 4% Ni 10% 16% 20% 36% Rh 4% Rh 2%
Slide 13: Podium has made great progress
Podium has made great progress Podium has grown its Resource and the sophistication of its Basket of 8 Payable Metals AUD Share price USD price (cents) per ounce 90 3,000% increase in share $5,000 price vs ~189% increase in 5E Outstanding deep diamond 80 basket price drill results >500m7 $4,500 Posi
Slide 14: Podium Peer Share Price experience is universal
Podium Peer Share Price experience is universal Average share price has dropped ~64% over the last 12 months1 Share Price performance of PGM Global Majors and Domestic Peers2 200% 180% 160% 140% PGM majors experienced significant 120% decline in market value 100% 80% 60% 40% 20% 0% 2/11/2022 2/12/20
Slide 15: Platinum – Net Deficits Forecast
Platinum – Net Deficits Forecast 2023 Platinum Uses1 Projected Pt oz demand for ICE and FCEV2 • Pt demand forecast to increase by ~27% in 2023, 7% driven by ICE automotive sector. Automotive 18% • ICE Pt forecast to peak next few years with long Industrial 41% demand tail: Investment 4% Jewellery o
Slide 16: Palladium – Market Dynamics
Palladium – Market Dynamics Palladium demand outlook sustained for foreseeable future despite BEV penetration 2023F Palladium Uses1 Light vehicle projections demand for Pd2 Global automotive demand for Pd by Region2 Automotive 14% 1% 1% Industrial Jewellery 84% Other • Pd highly leveraged to the aut
Slide 17: The Podium 5E Ounce is aligned to PGM Demand
The Podium 5E Ounce is aligned to PGM Demand Rh The Podium 5E Ounce: Pt Pt 5% 49% • Contains Pt, Pd, Rh, Ir and Au. 38% Ir 1% • Aligned with forecast PGM Ru Rh demand. 4% 5% The Podium Basket of Metals: Ir 2% No other peers have • Is further enhanced by base Pd Au Pd quoted Rh or Ir in metals (Cu, N
Slide 18: The Parks Reef Project
The Parks Reef Project Positioning the Project to take advantage of a recovery in Metal Prices
Slide 19: Parks Reef has Size and Scale
Parks Reef has Size and Scale 143 Mt Resource delineated to 250m depth along 15km strike length, with growth potential. • Significant size and continuity along 15km strike. • Average 15m wide PGM reef with shallow cover. • High grade zones1 (>2g/t 5E PGM) identified throughout the Resource. Mafic un
Slide 20: Parks Reef has Growth Potential
Parks Reef has Growth Potential Parks Reef Resource is modelled to 250m with upside potential to depths of >2km Resource modelled to 250m depth only: 143 Mt @ 1.3g/t 5E for 6.0 Moz 5E PGMs + 94kt Cu, 127kt Ni, 24kt Co. Contains High Grade = 15.7 Mt @ 2.3g/t 5E + BM Growth potential: • Existing Resou
Slide 21: A Highly Mineable Resource
A Highly Mineable Resource Consistency in drill results highlights continuity of bulk and high-grade zones High-grade zones host a combined 15.7Mt for 1.17Moz at 2.32 g/t 5E PGM • Hanging wall zone ranges from 1-5m wide • Footwall zone ranges from 1-3m wide PRDD0031 11.7m @ 3.71g/t 5E PGM Interpreti
Slide 22: Mining Strategy
Mining Strategy Concept Mine Designs developed 1 High-grade High-grade D&B Haulage >2.3g/t sulphide Stockpile Underground Hanging and Footwall Low Waste Movement Selective mining Selective mining Bulk (1.3g/t) Bulk sulphide D&B Haulage Traditional paste fill ore stockpile mining method Bulk mining M
Slide 23: Metallurgical Processing Strategy
Metallurgical Processing Strategy Priority focus on expansion and improvement of the flowsheet Oxide Ore Low grade Flotation concentrate >80% recovery Crush and Grind Waste rejection (high mass pull) Near surface PGM smelter customers Sulphide Ore (bulk and high-grade) Hydrometallurgy Metal Conventi
Slide 24: Focus for CY2024
Focus for CY2024 Activities focused on positioning the Project to take advantage of a recovery in metal prices Key Focus areas Mineral Resource - Enhance Podium’s geological model utilising XRF geochemical data to improve 1 existing preliminary mine designs and increase resource confidence. Technica
Slide 25: Podium's Value Proposition
Podium’s Value Proposition Podium’s Parks Reef Project is particularly well placed through its size, scale and composition of the basket of metals. • Significant 15km strike contains 6.0 Moz Resource (modelled to 250m), with growth potential; • Located in a low-risk WA jurisdiction with mining track
Slide 26: Rod Baxter (Executive Chairman)
Rod Baxter (Executive Chairman) E rodb@podiumminerals.com Level 1, 234 Churchill Avenue, Subiaco, Western Australia 6008 T (+61) 8 9218 8878 W www.podiumminerals.com podium-minerals-limited @PodiumMinerals This announcement has been approved for issue by the Board of Podium Minerals Limited. ACN 009
Slide 27: References
References
Slide 28: References
References Table 1 - Inferred Resource 31 October 2022 Tonnes Pt Pd Au Rh Ir 5E PGM 5E PGM Cu Ni Co Inferred Resources1 Mt g/t g/t g/t g/t g/t g/t Moz % % % Parks reef PGM Horizon 143.0 0.64 0.52 0.07 0.05 0.02 1.30 6.0 0.07 0.09 0.017 Inclusive high-grade PGM 15.7 1.27 0.84 0.14 0.04 0.03 2.32 1.17
Slide 29: Peer Benchmarking References
Peer Benchmarking References Benchmarking sources Pt Moz Status Reference link POD 2.94 2.94 Moz Inferred https://wcsecure.weblink.com.au/pdf/POD/02590819.pdf CHN 2.70 0.01 Moz Measured, 0.50 Moz Indicated and 0.45 Moz Inferred https://chalicemining.com/wp-content/uploads/2023/10/61174702.pdf FME 1.
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