Podium Minerals raises $5.5m and lists on ASX

PERTH, Australia - Feb. 28, 2018 - PRLog -- Podium Minerals Limited announces the listing of the Company on the ASX following a successful capital raising of $5.5m before costs.

Podium is an exploration and resources development company focused on platinum group metals, gold and nickel-copper sulphides.

Podium will use the funds to advance its core projects in Western Australia with an objective to rapidly advance from exploration to development.

The PGM Project includes drilling to define mineral resources in Parks Reef which comprises a zone of near surface platinum group metal (PGM) and gold mineralisation along a strike of 15km and an average width of 15m.

Podium has a substantial database of completed work, including 60,000m of drilling from 1,370 holes.

Drilling campaign to start imminently

Approximately 9,400m of drilling has been planned with the maiden drilling campaign for approximately 4,000m focusing on the western zone of Parks Reef and surrounding targets. Drill samples from Parks Reef will then undergo metallurgical testwork to determine process parameters for early stage project definition.

The Ni-Cu Sulphide Project includes drill testing of identified geophysical and geochemical targets for nickel-copper sulphide mineralisation

Chief Executive Officer Tom Stynes commented; "The mineralisation in Parks Reef has been identified through extensive historical exploration however this will be the first time that the project has been under the control of a single company and will undergo a systematic resource drilling program. At the same time we will test the new discovery potential in underexplored areas of the geological complex."

https://podiumminerals.com