Podium Minerals continues to increase its Park Reef platinum group metals deposit in WA’s Mid West area, with assays from a further 4 RC holes sunk as a part of its stage 10 drilling program delivering a bounty of stable intercepts together with 14m at 1.65 grams per tonne three-elements platinum-group metals, or “3E PGM” from 133m.
Outcomes from one other gap embrace 11m grading 1.44 g/t 3E PGM from 162m with a higher-grade 3m inclusion going 3m at 2.23 g/t 3E PGM from 163m.
Importantly, the outcomes present the miner has intersected the operation’s mineral-laden orebody, or “reef” each time it has fired up the drill rig.
Podium’s reef extends over 15km in size and importantly stays open at depth.
The work types a part of an exploration play that can see Perth-based firm chase down an exploration goal of between 70 to 75 million tonnes at a grade of 1.2 to 1.6 g/t 3E PGM.
With its newest run of drill hits, administration believes it may add a further 2.7 to three.8 million ounces of 3E PGMs to the exploration goal.
Curiously, the 3E refers back to the platinum-group components platinum, palladium and gold.
Podium hopes its deposit could turn out to be a five-element, or “5E” operation and believes it’s heading in the right direction after seeing the continued outcomes on the undertaking.
5E deposits add iridium and rhodium to the platinum and valuable steel cocktail. If Podium can scrub up the deposit and meet the necessities, it may obtain its dream to turn out to be Australia’s first 5E PGM producer.
Podium says all its PGM-laden intercepts acquired via its stage 10 drilling marketing campaign can be examined for rhodium, iridium and base steel mineralisation because it appears to be like to drive its 5E ambition.
Exterior of its exploration play, the corporate is advancing metallurgical check work on the undertaking’s ore forward of a scoping examine. Podium says it’s working hand in hand with assay laboratories to expedite its evaluation applications and ship a coveted 5E asset.
Podium Minerals’ Managing Director and CEO, Sam Rodda mentioned: “The latest stage 10 assays proceed to indicate grade and width in keeping with, or above expectations. The stage 10 program is aiming to extend the useful resource dimension. These outcomes proceed to verify our expectations and validate our confidence in delivering the Exploration Goal of a further 2.7Moz to three.8Moz 3E PGM at Parks Reef.
World PGM provides are at the moment managed by South Africa, Russia and Zimbabwe, with the international locations collectively allotting about 90 per cent of the world’s platinum and 80 per cent of its palladium.
Podium Minerals’ Reef PGM undertaking provides a useful alternative for the event of an alternate Australian provide of PGMs within the more and more unstable political local weather. Given its operation has a wonderful infrastructure and a strategic location in a longtime mining precinct, the Perth-based explorer could possibly be the one to look at.
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