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Podium Minerals Ltd.
Summary
| Project: | WRC | |
|---|---|---|
| Deposit: | Parks Reef | |
| Location: | Australia | |
| Commodities: | Gold-Platinum-Palladium-Copper-Nickel | |
| Date: | 10/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-10-2018: Podium Minerals Ltd. announces a Resource Estimation report for its Parks Reef deposit at the WRC project. Initial mineral resource estimate for the project. Podium Minerals Limited (‘Podium’ or the ‘Company’) is pleased to announce a maiden M | |
| Resources: | (Resource, Inf.): 6.8Mt @ 0.71g/t Pt, 0.65g/t Pd, 0.12g/t Au, 0.10% Cu, 0.12% Ni in PGM horizon | |
| CP/QP: | [Resources]: John Graindorge (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | Podium Minerals Limited (‘Podium’ or the ‘Company’) is pleased to announce a maiden Mineral Resource estimate for Parks Reef containing a total of 340,000 ounces of combined platinum, palladium and gold plus 14,300 tonnes of copper and 11,400 tonnes of nickel metal. Chief Executive Officer Tom Stynes commented, “To deliver our maiden resource estimate within 8 months of our ASX listing is an exceptional achievement and provides an important foundation in demonstrating the unique potential of Parks Reef as a near surface bulk open-pit mine development. The thickness and consistency of the mineralisation is a strength of the project which has allowed us to achieve a very efficient conversion rate from metres drilled into resource tonnes and ounces. This gives us great confidence for our ongoing work as we look to define a critical mass of resources to support a project and continue our rapid progress.” Parks Reef Mineral Resource Estimate An Inferred Mineral Resource of 6.8Mt at 1.48g/t 3E PGM 1 at a cut-off grade of 1g/t 3E PGM for the platinum group metal (PGM) horizon and an additional 3.0Mt at 0.25% copper and 0.14g/t gold at a cut-off grade of 0.1% copper for the base metal and gold horizon has been estimated by Snowden Mining Industry Consultants and reported in accordance with the JORC Code. | |
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