Podium Minerals Limited provided shareholders with an update on current activities. Diamond drilling of the third deep hole PRDD005 with Mt Magnet Drilling is in progress with the hole currently 350m deep towards a target of 750m. As reported on 4th January 2022, the first two holes PRDD003 and PRDD004 provided strong visible evidence to support the continuity of the Parks Reef PGM mineralisation to a considerable depth and indicates the orebody is open at depth.

Lithological logging of the two completed 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.