Podium Minerals Ltd. announced a maiden resource for its Parks Reef property, part of its Weld Range project in Western Australia, of 340,000 ounces of combined platinum, palladium and gold plus 14,300 tonnes of copper and 11,400 tonnes of nickel.
The inferred resource is contained in 6.8 million tonnes at 1.48 g/t of platinum, palladium plus gold ,at a cutoff grade of 1 g/t for the platinum group metal horizon, and an additional 3 million tonnes at 0.25% copper and 0.14 g/t gold at a cutoff of 0.1% copper for the base metal and gold horizon.
The resource is based on drilling completed during Podium's maiden drilling program between March and May at the western end of Parks Reef.
Mineralization has been interpreted to a depth of about 225 meters and remains open at depth and to the east along strike. The resource has been limited to a depth of about 100 meters based on a preliminary assessment of a potential open pit mining operation.
Podium listed on the ASX in February.