Podium Minerals Limited · ASX:POD
Podium Minerals — Investor Presentation (May 2021)
24 slides from Podium Minerals's investor presentation, May 3, 2021
Slide 1: Parks Reef Platinum Group Metals Investor Presentation
PARKS REEF PLATINUM GROUP METALS LOW COST - LARGE SCALE STRONG RESOURCE GROWTH POTENTIAL WITH FOCUS ON EARLY DEVELOPMENT INVESTOR PRESENTATION May 2021 ASX: POD | www.podiumminerals.com
Slide 2: Important Notice
IMPORTANT NOTICE This Investor Presentation (Presentation) has b een prepared b y Podium Minerals Limited (ACN 009 200 079) (Company). The information contained in this Presentation has been prepared in good faith b y the Company, however no representation or warranty expressed or implied is made as
Slide 3: Developing a Strategic Australian PGM Supply
DEVELOPING A STRATEGIC AUSTRALIAN PGM SUPPLY Rare exposure to a large scale, long life ❑ Podium Minerals Limited (ASX: POD) is focused on the continued growth of its Parks PGM asset in Australia Reef Project with a view to becoming Australia’s first Platinum Group Metal (PGM) producer. Systematic dr
Slide 4: Developing a Strategic Australian PGM Supply
DEVELOPING A STRATEGIC AUSTRALIAN PGM SUPPLY ❑ The most significant drill intersections in terms of thickness and grade achieved todate: Drill hole PRRC135 recorded multiple layers of significant PGM mineralisation: 4m @ 1.69g/t 3E PGM from 74m; plus 7m @ 5.75g/t 3E PGM from 89m; including 1m @ 25.7
Slide 5: Accelerating Resource Growth
ACCELERATING RESOURCE GROWTH ❑ Clear growth strategy with fully funded drilling in progress for: • 7,000m of drilling to extend resources along the full 15km strike length; • 2,100m drill program to define the continuity of the high-grade mineralization in the middle and eastern sections. • 2,200m d
Slide 6: Company Snapshot
COMPANY SNAPSHOT Capital Structure Key Shareholders (% shareholding) Shares on Issue 280,363,682 Directors 14% Chesapeake Capital Ltd 4.4% Market Cap (at 48c) $134m Drawbridge Fund Ltd 4.2% Cash on Hand and receivable $6.2m 31/03/21 Original Resources Pty Ltd1 4.1% Directors % shareholding Executive
Slide 7: WA Focused - Low Risk Asset
WA FOCUSED - LOW RISK ASSET SECURE TENURE • Flagship Parks Reef Project located in the Mid-West WA. • Granted Mining Leases. • Mining Agreement with Native Title Parties. • Established mining precinct with regional infrastructure. • Podium owns 100% of Parks Reef PGM Project. • Agreement signed to t
Slide 8: Large Scale and Long Life Opportunity
LARGE SCALE AND LONG LIFE OPPORTUNITY Plan View Investor Presentation – April 2021 Slide 8
Slide 9: Drilling Along 15km Parks Reef
DRILLING ALONG 15KM PARKS REEF Investor Presentation – May 2021 9
Slide 10: Consistent & Predictable Mineralisation
CONSISTENT & PREDICTABLE MINERALISATION WEST CENTRAL EAST Investor Presentation – May 2021 Slide 10
Slide 11: Potential 1.2km Extension of Parks Reef
POTENTIAL 1.2KM EXTENSION OF PARKS REEF EXPLORATION TO TEST WESTERN FLANK • Magnetic imagery indicates potential for a circa 1.2km long extension of the western flank of Parks Reef which has been fault offset from the currently identified mineralisation. • Rock chip sampling has identified anomalous
Slide 12: What Makes a PGM Ounce of Parks Reef
WHAT MAKES A PGM OUNCE OF PARKS REEF METAL SPLIT – 1.52g/t 3E PGM WEIGHTED PRICE PER OUNCE February 2021 average US$ 1,737 per oz 3E PGM 3E PGM • Resource grade 1.52g/t 3E PGM in main PGM Horizon • Indicative weighted price of 3E PGM4 in resource of US$1,996 (A$2,586) per ounce. • Rhodium assays ind
Slide 13: Strategic Supply Opportunity
STRATEGIC SUPPLY OPPORTUNITY Fundamental supply – demand imbalance driving multi-year PGM bull market PLAT INUM • Rare precious / industrial metal with unique catalytic and physical properties. • World production dominated by South Africa (65%), Russia (14%) and Zimbabwe (10%). • Diverse use in auto
Slide 14: High Value Rhodium Identified
HIGH VALUE RHODIUM IDENTIFIED 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. • Upward price trend sin
Slide 15: Base Metals – Substantial Copper Credits
BASE METALS – SUBSTANTIAL COPPER CREDITS 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 gold and copper provides
Slide 16: Defining the Pathway to Production
DEFINING THE PATHWAY TO PRODUCTION METALLURGICAL TESTWORK • Bench scale test work by Podium has: • demonstrated fresh mineralisation responds to conventional flotation concentration; • identified processes for leaching of the target metals in the oxide mineralisation under atmospheric conditions and
Slide 17: Accelerating Activity
ACCELERATING ACTIVITY Investor Presentation – May 2021 17
Slide 18: Value Proposition
VALUE PROPOSITION ❑ 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) • Exploration Target over the
Slide 19: Additional Information
ADDITIONAL INFORMATION Investor Presentation – May 2021 Slide 19
Slide 20: 3E PGM Resource Upgrade to 1.39 Million Ounces Plus 53,900 Tonnes Copper
3E PGM RESOURCE UPGRADE TO 1.39 MILLION OUNCES PLUS 53,900 TONNES COPPER MINERAL RESOURCES DEFINED OVER 8.5KM OF 15KM STRIKE LENGTH • Inferred JORC Mineral Resource Estimate for Parks Reef6 containing a total of 1,390,000 ounces of combined platinum, palladium and gold plus base metal credits with 5
Slide 21: Predictable Geology = Low Discovery Cost
PREDICTABLE GEOLOGY = LOW DISCOVERY COST PGM – GOLD – BASE METALS • 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 total of circa 8.5km of
Slide 22: Realignment of Tenements with EV Metals
REALIGNMENT OF TENEMENTS WITH EV METALS ALI Investor Presentation – January 2021 22
Slide 23: Mineral Resources
MINERAL RESOURCES 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 0.66 0.66 0.05 1.36 0.05
Slide 24: PGM Market Balance
PGM MARKET BALANCE Platinum '000 oz Supply / Demand Balance 2015 2016 2017 2018 2019 2020 Supply Mine Supply 6,154 6,127 6,161 6,126 6,077 4,888 Recycling 1,751 1,902 2,030 2,066 2,082 1,642 7,905 8,029 8,191 8,192 8,159 6,530 Demand Autocatalyst 3,273 3,339 3,225 3,017 2,858 2,224 Jewellery 2,746 2