Podium Minerals release Maiden JORC Mineral Resource Estimate

Podium has hit yet another milestone by achieving a maiden JORC resource within only 8 months of listing on the ASX. The Company said it would move quickly to development by the 1st quarter 2019. The Company and Snowden DOES NOT AND CAN NOT suggest an in situ value but the size of the inferred resource reflects the Company is seriously undervalued at a market cap of only circa AUD$ 10m.

The Resource includes:

+ 340,000 ounces of combined platinum, palladium and gold
+ 14,300 tonnes of copper
+ 11,400 tonnes of nickel metal.

The resource covers only 15% of the identified 15km strike and drilling over a further 2km has recently been completed with results due in the coming weeks.

Full release https://podiumminerals.com/investors/asx-announcements/

Release Highlights

+ Mineralisation remains open at depth and along strike to the east.
+ PGM horizon includes higher grade PGM Upper domain with coincident enrichment of platinum, gold and copper.
+ Base metal and gold horizon lies in the hanging wall immediately above the PGM horizon which would be mined in an open-pit targeting the PGM horizon, potentially generating important revenue.
+ True thickness of the combined PGM and base metal mineralisation varies between 5m and 30m with an average width of 16m.
+ The Mineral Resource is limited to a depth of 100m below surface based on the assumption of bulk open-pit mining.