Podium Minerals Limited · ASX:POD
Podium Minerals — Shareholder Meeting (November 2020)
21 slides from Podium Minerals's shareholder meeting presentation, Nov 30, 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 ACCELERATING RESOURCE GROWTH ANNUAL GENERAL MEETING 30 NOVEMBER 2020 ASX: POD | www.podiumminerals.com
Slide 2: Important Notice
IMPORTANT NOTICE For personal use only This AGM 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 impl
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 Top Holders (% shareholding) Shares on Issue 258,624,551 Top 10 Shareholders 35.5% Market Cap (at 13c/share) $33.6m Top 20 Shareholders 51.1% Cash on Hand (30 Sep 2020) $2.8m Top 50 Shareholders 74.0% 6-Month Share Price Performance 14.0 10 9
Slide 5: 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 6: Accelerating Activity Post-Covid Shock
ACCELERATING ACTIVITY POST-COVID SHOCK For personal use only Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Resource drilling (complete) – Parks Reef West Analysis & Drilling - Resource upgrade (complete) – 1.39Moz 3E PGM Reporting Resource extension drilling along full 15km strike length (in progress) Tar
Slide 7: 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 Annual General Meeting – 30 November 2020 Slide 7
Slide 8: Consistent & Predictable Mineralisation
CONSISTENT & PREDICTABLE MINERALISATION For personal use only WEST CENTRAL EAST Annual General Meeting – 30 November 2020 Slide 8
Slide 9: Predictable Geology = Low Discovery Cost
PREDICTABLE GEOLOGY = LOW DISCOVERY COST PGM – GOLD – BASE METALS For personal use only • Near surface PGM mineralisation identified over a 15km strike length. • Distinct lithological contact provides high success rate in targeting reef location. • Approximately 9,000m drilling completed across a to
Slide 10: Potential 1.2km Extension of Parks Reef
POTENTIAL 1.2KM EXTENSION OF PARKS REEF For personal use only EXPLORATION TO TEST WESTERN FLANK • Magnetic imagery indicates potential for a circa 1.2km long extension of the western flank of Parks Reef which has been fault offset from the currently identified mineralisation. • Rock chip sampling ha
Slide 11: What Makes an Ounce of Parks Reef
WHAT MAKES AN OUNCE OF PARKS REEF For personal use only METAL SPLIT – 1.52g/t 3E PGM WEIGHTED PRICE PER OUNCE November 2020 average US$ 1,590 per oz 3E PGM 3E PGM • Resource grade 1.52g/t 3E PGM in main PGM Horizon • Weighted price of 3E PGM3 in resource of US$1,590 (A$2,200) per ounce (average Nove
Slide 12: Resource Upgrade to 1.39 Million Ounces
RESOURCE UPGRADE TO 1.39 MILLION OUNCES For personal use only MINERAL RESOURCES DEFINED OVER 8.5KM OF 15KM STRIKE LENGTH • Inferred JORC Mineral Resource Estimate for Parks Reef 5 containing a total of 1,390,000 ounces of combined platinum, palladium and gold plus base metal credits with 53,900 tonn
Slide 13: Accelerating Resource Expansion
ACCELERATING RESOURCE EXPANSION For personal use only RESOURCE DEVELOPMENT STRATEGY • Systematic approach to drilling has delivered a substantial resource base over 8.5km of strike length at low cost and provided confidence in the continuity of mineralisation within the Exploration Target. • Rapid c
Slide 14: Base Metals - Substantial Copper Credits
BASE METALS – SUBSTANTIAL COPPER CREDITS For personal use only MINERAL RESOURCES INCLUDE 53,900 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 with coincident gol
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 processes for leaching of the target metals in the oxide mineralisation under atmosp
Slide 17: Strategic Supply Opportunity
STRATEGIC SUPPLY OPPORTUNITY For personal use only Fundamental supply – demand imbalance driving multi-year PGM bull market PLATINUM • Rare precious / industrial metal with unique catalytic and physical properties. • World production dominated by South Africa (73%), Russia (11%) and Zimbabwe (8%). •
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 1,390,000 ounces 3E PGM and 53,900 tonnes copper over 8.5km of strike and within 100m of surface (less than 30% of Exploration Target envelope) • Explo
Slide 19: Additional Information
For personal use only ADDITIONAL INFORMATION Annual General Meeting – 30 November 2020 Slide 19
Slide 20: 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 2.4 1.18 0.65 0.23 2.07 0.21 0.11 PGM – Upper Fresh 3.4 1.09 0.66 0.23 1.97 0.19 0.11 Sub-total 5.8 1.13 0.66 0.23 2.01 0.19 0.11 Oxide 7.1 0.6
Slide 21: 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
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