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Podium Minerals Ltd.
Summary
| Project: | WRC | |
|---|---|---|
| Deposit: | Parks Reef | |
| Location: | Australia | |
| Commodities: | Gold-Platinum-Palladium-Copper-Nickel | |
| Date: | 3/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-3-2019: Podium Minerals Ltd. announces a Resource Estimation report for its Parks Reef deposit at the WRC project. Upgraded mineral resource estimate at the project. Podium Minerals Limited (‘Podium’ or the ‘Company’) is pleased to announce a substantia | |
| Resources: | ||
| CP/QP: | [Resources]: John Graindorge (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | Podium Minerals Limited (‘Podium’ or the ‘Company’) is pleased to announce a substantial upgrade in the Mineral Resource estimates for Parks Reef with contained metals increasing to a total of 740,000 ounces of combined platinum, palladium and gold plus base metal credits Chief Executive Officer Tom Stynes commented, “This resource upgrade is the culmination of a well-structured work program that has been executed over the last 12 months. The results further demonstrate the potential for Parks Reef to support a significant open-pit mine development and the Company is confident that extension drilling along strike will continue to build the resource base. Supply constraints are currently being reflected in the upward volatility of the palladium price with Podium providing a unique investment opportunity for exposure to the PGM market with an Australian based project.” Parks Reef Mineral Resource Estimate Inferred Mineral Resources in Parks Reef have increased to 15.7Mt at 1.38g/t 3E PGM1 at a cut-off grade of 1g/t 3E PGM for the platinum group metal (PGM) horizon and an additional 4.7Mt at 0.24% copper and 0.13g/t gold at a cut-off grade of 0.1% copper for the overlying base metal and gold horizon. | |
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