DIAMOND DRILLING CONFIRMS
CONTINUITY OF PARKS REEF AT DEPTH
Key Highlights
• Lithological logging of the two completed Stage 8 deep diamond drill holes, with initial core
observations indicating both holes intersected sulphide bearing stratigraphy of the layered
intrusion, including the down dip continuation of the PGM Parks Reef at a depth of approximately
500m.
• Visual analysis of the two holes suggests the geology of the interpreted reef zone is consistent
with Parks Reef near surface geology, providing further confidence of mineralisation continuing
to significant depth.
• Appointment of Resolve Mining Solutions to commence mining analysis work ahead of a scoping
study on Parks Reef, with work to commence in the second week of January.
• Strengthening of the executive team continues with Chief Executive Officer Sam Rodda
commencing from 1 January 2022 and the appointment of General Manager – Projects, Jason
Whittle, to commence 13th of January 2022
• The Deed of Alignment of Mining Leases with EV Metals Pty Ltd (“EV Metals”)1
lapsed on the
31st of December 2021, with the Company continuing to work with EV Metals to discuss a further
extension of the agreement.
Chief Executive Officer, Sam Rodda, comments “This is a very exciting outcome for Podium, with the
Stage 8 drilling so far confirming continuity of Parks Reef at depth and that it remains steeply dipping.
This drill programme has provided further confidence that we have yet to find the limits of the orebody
at depth. We intend to pursue an aggressive exploration strategy aimed at growing our resource
base and also testing our orebody for rhodium and iridium to include the full 5E PGM2
suite of
minerals in future resource estimate updates