Podium Minerals Limited · ASX:POD
Podium Minerals — Investor Presentation (March 2023)
30 slides from Podium Minerals's investor presentation, Mar 16, 2023
Slide 1: Investor Update March 2023
For personal use only Investor Update March 2023
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: Summary
Summary For personal use only Platinum Group Metals (PGMs) are globally recognised as Critical Minerals underpinning global decarbonisation, with rising demand from the hydrogen industry and an uncertain supply environment. Parks Reef is a globally relevant resource, located in Western Australian wi
Slide 4: Platinum Group Metals
Platinum Group Metals For personal use only PGMs are to hydrogen, what lithium is to batteries
Slide 5: Platinum Group Metals (PGMs)
Platinum Group Metals (PGMs) PGMs are globally designated as Critical Minerals that continue to underpin global decarbonisation For personal use only PGMs are at the heart of hydrogen economy and the low carbon energy transition: • PGMs are essential and rare precious metals. • Increasing demand for
Slide 6: Future PGM Demand
Future PGM Demand Demand increases will be driven by the emerging ‘Hydrogen Economy’ For personal use only Hydrogen Production “Hydrogen and FCEVs are far less mineral Production of green hydrogen from renewable energy intense if you look “engine to wheel”, it requires requires PGM catalysts. margin
Slide 7: Concentrated PGM Supply
Concentrated PGM Supply 2022 PLATINUM BY COUNTRY1 Supply ‘000 oz South Africa, Zimbabwe and Russia dominate (85%1) of global supply of Platinum For personal use only Zimbabwe Others 5% 3% • South African PGM mines have ageing assets and are becoming harder to North mine as they progress deeper. Amer
Slide 8: The Parks Reef Project
The Parks Reef Project For personal use only Globally significant project to cornerstone an Australian PGM industry
Slide 9: The Parks Reef Project
The Parks Reef Project Parks Reef is a globally significant resource For personal use only 6.0Moz of combined Pt, Pd, Rh, Ir and Au +94kt Cu + 127kt Ni + 24kt Co1 • Australia’s largest Platinum resource (2.9moz of inferred Pt2). • Located in geopolitically stable, Tier 1 mining jurisdiction with acc
Slide 10: High Grade, Bulk Tonnage Deposit
High Grade, Bulk Tonnage Deposit Resource characteristics For personal use only 1. Significant size and continuity along a 15km strike. 2. Potential for both open cut mining in addition to supporting long term underground mining operations. 3. High Grade Zones (>2g/t 5E PGM1) identified consistently
Slide 11: A Highly Mineable Resource
A Highly Mineable Resource Surface Consistency in drill results, highlight the continuity of high-grade zones For personal use only High-grade zones host a combined 15.7Mt for 1.17Moz at 2.32 g/t 5E PGM1 • Hanging wall zone ranges from 1-5m wide. • Footwall zone ranges from 1-3m wide. Average resour
Slide 12: Mining Strategy
Mining Strategy Concept Mine Designs underway For personal use only • Identification of preferred Open Cut Mining D&B Haulage Sulphide Ore methodology underway. Stockpile • Mining method selection will consider: Near surface Medium-High Waste • grade, orebody width and Early access to ore Bulk Minin
Slide 13: Processing / Metallurgy Strategy
Processing / Metallurgy Strategy Processing paths undergoing optimisation For personal use only Oxide Sulphide Ore Ore Low grade concentrate Focus is to create a higher grade, higher value PGM refinery feed: Near surface ~45m below Flotation PGM smelter • Reduced operating costs. surface customers >
Slide 14: Key Results
Key Results Metallurgy recoveries - updated key results – Atmospheric Leach Sighter Tests1 For personal use only % Metal Extraction Test Ore Pt Pd Rh Ir Au Ni Cu Co LCH-01 Oxide 93.1 71.4 83.8 56.9 91.2 69.8 91.1 79.5 LCH-03 Oxide 82.4 64.8 82.8 56.9 82.5 62.9 75.2 71.9 LCH-05 Oxide 84.9 58.2 78.6 7
Slide 15: Case Study – Rustenberg, South Africa
Case Study – Rustenberg, South Africa Anchoring a PGM Industry in South Africa, orebody hosting multiple operations For personal use only over 50+ years 1. PGM reef(s) 100+ kilometres long in strike along Western Limb. 2. Flat dipping orebodies, generally 2 reef packages: • Traditionally labour inte
Slide 16: Board, Management and Advisory Team
Board, Management and Advisory Team For personal use only The right people, doing the right things
Slide 17: Leadership Team
Leadership Team For personal use only BOARD MANAGEMENT ROD BAXTER • Director and Executive JUSTINE LEA • Accountant NON EXECUTIVE CHAIRMAN • 35+ years experience with CHIEF FINANCIAL OFFICER • 20 years’ experience PHD, MBA, BSc global companies (inc. Anglo • Global growth projects, B Com, CA, GAICD
Slide 18: Technical Advisory Panel and Partners
Technical Advisory Panel and Partners Experts in platinum group metal projects and operations engaged to optimise Podium’s project For personal use only DENNIS TUCKER Mr. Tucker has over 35 years experience in mining, exploration, and analysis as a stockbroker and BSc (Mining Engineering) subsequent
Slide 19: Corporate Summary
CORPORATE SUMMARY Key corporate information For personal use only TRADING ENTERPRISE VALUE (A$ PGM/OZ)1 CORPORATE SUMMARY 218 CASH AT 31 DECEMBER 2022 $3.7 MILLION SHARES ON ISSUE 336,558,923 PERFORMANCE RIGHTS 10,000,000 OPTIONS ON ISSUE (Ex @ $0.75 - $1.25) 22,500,000 MARKET CAP AT $0.093 (3 March
Slide 20: Peer review – contained PGMs
Peer review – contained PGMs Resources benchmarking by metal For personal use only Resources – Contained Pt (koz) Resources – Contained Pd (koz) 8,600 2,942 2,143 1770 1256 Median1: 1,256koz 2,423 2,391 Median1: 2,046koz 830 2,046 520 1,420 1,140 POD FME CHN PGE UFO PDM CHN FME POD PGE PDM UFO Resou
Slide 21: Transformational Progress
Transformational Progress For personal use only Key achievements and future focus
Slide 22: Key Achievements from 2021 – Current Day
Key Achievements from 2021 – Current Day 2021 CURRENT DAY For personal use only MRE – Contained 2.2Moz 3E PGM1 6.0Moz 5E PGM2 Ounces 5E PGM (Pt, Pd, Rh, Ir, Au) Value 3E PGM (Pt, Pd, Au) + copper and nickel1 + copper, nickel and cobalt2 Resource 40.2Mt at 1.54g/t 3E PGM1 143Mt at 1.30g/t 5E PGM2 Siz
Slide 23: Project Timeline
Project Timeline Key upcoming project milestones For personal use only Q1 2023 Q2 2023 Q3 2023 Q4 2023 Indicative Indicative Q1 2024 Q2 2024 Geological confidence and exploration Geo-statistics and geo modelling updates Geo physical testing for resource extension Project and Metallurgical activities
Slide 24: Investment Thesis
Investment Thesis For personal use only Podium offers exposure to critical mineral PGMs at compelling value Demand for PGMs is rising in advance of the emergent hydrogen industry while existing PGM supply faces increasing uncertainty. Parks Reef is a scalable, high-grade project that can use proven
Slide 25: Appendix
Appendix For personal use only Additional information
Slide 26: Key Results
Key Results Inferred resource 31 October 20221 For personal use only Tonnes Pt Pd Au Rh Ir 5E PGM2 5E PGM2 Cu Ni Co Inferred Resources 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 15.7 1.27 0.84 0.14 0.04 0.0
Slide 27: Key Results
Key Results Metallurgy recoveries as of 28 November 20221 For personal use only Flotation Recoveries on Sulphide Ore Pt Pd Rh Ir Au Ni Cu Co Flotation stage recoveries % 85 85 65 65 85 60 85 50 (sulphide ore) Hydrometallurgy (leach) Recovery Ranges on Oxide and Sulphide Ores Pt Pd Rh Ir Au Ni Cu Co
Slide 28: Key Results
Key Results Metallurgy recoveries - updated key results – Atmospheric Leach Sighter Tests1 For personal use only % Metal Extraction Test Ore Pt Pd Rh Ir Au Ni Cu Co LCH-01 Oxide 93.1 71.4 83.8 56.9 91.2 69.8 91.1 79.5 LCH-03 Oxide 82.4 64.8 82.8 56.9 82.5 62.9 75.2 71.9 LCH-05 Oxide 84.9 58.2 78.6 7
Slide 29: Peer benchmarking references
Peer benchmarking references USD:AUD = 1.49 Benchmarking sources For personal use only CAD:AUD = 1.10 EV/2-5E Number of Share Date Company PGE Debt Cash 2E Moz Reference link shares price Referenced Ounce ASX Announcement (27 February 2023) Chalice https://cdn-api.markitdigital.com/apiman-gateway/AS
Slide 30: Peer benchmarking references
Peer benchmarking references Benchmarking sources For personal use only Platinum kOz Reference link Palladium kOz Reference link POD 2,942 https://wcsecure.weblink.com.au/pdf/POD/02634802.pdf POD 2,391 https://wcsecure.weblink.com.au/pdf/POD/02634802.pdf Mineral Resource Estimate – Future Metals NL