Podium Minerals Limited reported initial results from the 6,000m drilling programme which is in progress to extend Mineral Resources along the full 15km strike length of Podium's 100% owned Parks Reef PGM Project. Drilling to date by Podium has delivered Inferred Mineral Resources containing a total of 1,390,000 ounces of combined platinum, palladium and gold plus base metal credits with 53,900 tonnes copper. The Mineral Resources defined to date extend over a total of 8.5km of the identified 15km mineralized strike length in Parks Reef and within 100m of surface. The latest resource upgrade incorporated the results from 17 drill holes for approximately 1,870m of drilling over 1.6km in the western sector of Parks Reef. The resource upgrade delivered a 22% increase in contained 3E PGM representing 250,000 ounces of platinum, palladium and gold. As part of the accelerated growth strategy for the Parks Reef PGM Project, Podium is currently undertaking a 6,000m drilling programme with an objective to extend the Mineral Resources along the full 15km strike length. Initial results have been received from the first 14 drill holes which comprise platinum, palladium and gold assays. These results demonstrate continuity of the main PGM Horizon in the eastern sector of Parks Reef. It is noted that drill holes PRRC103, PRRC104 and PRRC105 did not intercept the main PGM horizon of the reef however anomalous gold assays at the bottom of the holes indicate that the hole ended in the base-metal horizon. Podium will re- enter and extend these drill holes by approximately 30m as part of the current drilling programme. It is also noted that drill holes PRRC102, PRRC106 and PRRC107 all ended in mineralization. It appears from these results that drill lines 31E, 32E and 33E have been drilled slightly south of the interpreted position of the mineralization. The Geological logging and the distribution of gold in the assay results indicate the continuation of the Base Metal Horizon in the current drilling programme. The mineralized intervals will now undergo multi-element analysis including re-assay for copper and nickel. The routine assay process employed by Podium provides detection of platinum, palladium and gold (3E PGM) however Podium has previously also spot assayed drill holes from Parks Reef to test for rhodium. For the drill holes tested the rhodium grades appear to be relatively proportional to the 3E PGM grades with rhodium grades averaging 3% to 4% of the 3E PGM grades over the full PGM Horizon and 5% to 7% of the 3E PGM grades in the footwall zone.