POD: Quarterly Activities/Appendix 5B Cash Flow Report
Original announcement by asx on
- Company
- Podium Minerals Limited
- Ticker
- POD
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Pgm
- Secondary commodities
- Platinum, Palladium, Gold, Rhodium, Iridium, Copper, Chromium
- Document categories
- Metallurgy, Capital raise, Agreement transaction
- Extracted
- 2026-10-13 23:58:38 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Podium Minerals Limited reported significant advancements in its Parks Reef PGM Project, with Phase 3 optimization test work delivering a step-change in concentrator performance, including increased flotation and overall copper recoveries, and an 18% increase in combined 3E PGM product grade. The company also secured a non-binding Memorandum of Understanding for a strategic Australia-U.S. PGM supply chain partnership and successfully completed a A$4 million underwritten share purchase plan to fund ongoing metallurgical work and general working capital.
Reasoning: Podium Minerals reported significant improvements in metallurgical recoveries and product grade for its Parks Reef PGM project, achieving these with a more efficient flowsheet. Additionally, a strategic non-binding MOU was signed for an Australia-U.S. PGM supply chain, and a A$4 million underwritten share purchase plan was successfully completed, providing funding for ongoing work.
Positive factors
- Significant increase in flotation recovery for 3E PGMs and copper
- Maintained overall PGM recovery with a simpler, smaller, and more energy-efficient flowsheet
- Increased combined product grade for 3E PGMs
- Ultra-low chrome content in concentrate, well below penalty thresholds
- Non-binding MOU signed with a strategic partner for downstream processing and market access
- Potential for critical minerals funding through the strategic partnership
- Successful completion of a fully underwritten A$4 million capital raise
Negative factors
- MOU is non-binding and requires further agreements to progress
- High-grade PGM Concentrate grade is described as 'notional'
- Rhodium and Iridium recoveries are relatively low compared to other PGMs
- No specific metallurgical laboratory or consultant named for the test work
Facts used in scoring: 27
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("concentrator")
POX/BIOX Routeneutral
Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
Why it applies: the document describes a pox_biox route ("ultra-fine grinding")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 3 distinct composites were tested
Extracted facts
Stored fact records: 25. Some facts used in scoring do not have a stored record.
Metallurgical Results (25)
Flotation Circuit OptimisationParks Reef PGM Project · pgmRecovery: 67 %Head Grade: 1.85Head Grade Unit: g/t 3EView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- pgm
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 67 %
- Recovery Basis
- actual_test
- Head Grade
- 1.85
- Head Grade Unit
- g/t 3E
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Flotation Circuit 3E recovery increased by 31% to 67% on representative baseload sulphide feed, indicating a significant improvement in concentrator performance.
Positive factors
- Significant increase in recovery compared to baseline
- High recovery for PGM flotation
Evidence · table
“67”
Context: PRDD012 Post-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Flotation Circuit OptimisationParks Reef PGM Project · copperRecovery: 73 %Head Grade: 0.09Head Grade Unit: % CuView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 73 %
- Recovery Basis
- actual_test
- Head Grade
- 0.09
- Head Grade Unit
- % Cu
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Flotation Circuit copper recovery increased to 73% from 47%, reflecting optimised process conditions and higher copper head grade.
Positive factors
- Significant increase in recovery compared to baseline
- High recovery for copper flotation
Evidence · table
“73”
Context: PRDD012 Post-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 73% is below the weak band (80%)
OptimisationParks Reef PGM Project · pgmRecovery: 80 %View all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- pgm
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Optimisation
- Processing Route
- Overall Concentrator
- Sample
- PRDD012 Post-Optimisation
Recovery
- Recovery
- 80 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Overall Concentrator 3E recovery was maintained at approximately 80% despite substantial simplification of the downstream PGM VRC, indicating efficient performance.
Positive factors
- Overall recovery maintained despite substantial simplification of the downstream circuit
- High overall PGM recovery
Evidence · table
“~80%”
Context: Overall Concentrator 3E recovery
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
OptimisationParks Reef PGM Project · copperRecovery: 81 %View all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Optimisation
- Processing Route
- Overall Concentrator
- Sample
- PRDD012 Post-Optimisation
Recovery
- Recovery
- 81 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Overall Concentrator copper recovery improved materially to 81% from 52%, demonstrating enhanced performance.
Positive factors
- Significant increase in overall copper recovery
- High overall copper recovery
Evidence · table
“81%”
Context: Overall Concentrator copper recovery
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
OptimisationParks Reef PGM Project · pgmView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- pgm
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Optimisation
- Processing Route
- Overall Concentrator
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 97
- Conc. Grade Unit
- g/t 3E
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Combined product grade increased 18% to 97 g/t 3E, representing a significant upgrade in concentrate quality.
Positive factors
- Significant increase in combined product grade
- High combined product grade
Evidence · table
“97 g/t”
Context: Combined product grade (3E)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Flotation Circuit OptimisationParks Reef PGM Project · pgmView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- pgm
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 76
- Conc. Grade Unit
- g/t 3E
- Mass Pull
- 1.6 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: The optimised flowsheet produces a Flotation Concentrate grading 76 g/t 3E at a normalised 1.6% mass pull, indicating efficient concentration.
Positive factors
- High flotation concentrate grade achieved at a low mass pull
Evidence · text
“Flotation Concentrate grading 76 g/t 3E at a normalised 1.6% mass pull”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
PGM Value Recovery Circuit OptimisationParks Reef PGM Project · pgmView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- pgm
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- PGM Value Recovery Circuit Optimisation
- Processing Route
- PGM Value Recovery Circuit
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 3000
- Conc. Grade Unit
- g/t 3E
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: A notional High-grade PGM Concentrate grading 3,000 g/t 3E is reported, indicating potential for very high-grade product, though its 'notional' nature reduces confidence.
Positive factors
- Extremely high notional concentrate grade
Negative factors
- High-grade PGM Concentrate grade is described as 'notional'
Evidence · text
“High-grade PGM Concentrate notionally grading 3,000 g/t 3E”
OptimisationParks Reef PGM Project · rhodiumRecovery: 57 %View all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- rhodium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Optimisation
- Processing Route
- Overall Concentrator
Recovery
- Recovery
- 57 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Rhodium recovery of 57% was reported for the first time, adding to the recoverable metal suite, though the recovery is relatively low.
Positive factors
- First time reporting of rhodium recovery
Negative factors
- Recovery is below the weak band for PGMs
Evidence · text
“Rhodium and iridium recoveries of 57% and 60% respectively were also reported for the first time”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
OptimisationParks Reef PGM Project · iridiumRecovery: 60 %View all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- iridium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Optimisation
- Processing Route
- Overall Concentrator
Recovery
- Recovery
- 60 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Iridium recovery of 60% was reported for the first time, adding to the recoverable metal suite, though the recovery is relatively low.
Positive factors
- First time reporting of iridium recovery
Negative factors
- Recovery is below the weak band for PGMs
Evidence · text
“Rhodium and iridium recoveries of 57% and 60% respectively were also reported for the first time”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
OptimisationParks Reef PGM Project · chromiumView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- chromium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Optimisation
- Processing Route
- Overall Concentrator
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.12
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Chrome content remains below 0.12%, which is well below typical refinery penalty thresholds, indicating a clean concentrate.
Positive factors
- Ultra-low chrome content, well below typical refinery penalty thresholds
Evidence · text
“chrome content remaining ultra-low at <0.12%”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Flotation Circuit OptimisationParks Reef PGM Project · pgmRecovery: 51 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- pgm
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 14m, 1.65 g/t 3E bulk sulphide composite from PRDD009
Recovery
- Recovery
- 51 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical baseline recovery for the Flotation Circuit 3E PGM, used for comparison with current optimisation results.
Evidence · table
“51”
Context: PRDD009 Pre-Optimisation (October 2025)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Flotation Circuit OptimisationParks Reef PGM Project · copperRecovery: 47 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 14m, 1.65 g/t 3E bulk sulphide composite from PRDD009
Recovery
- Recovery
- 47 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical baseline recovery for the Flotation Circuit copper, used for comparison with current optimisation results.
Evidence · table
“47”
Context: PRDD009 Pre-Optimisation (October 2025)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 47% is below the weak band (80%)
OptimisationParks Reef PGM Project · copperRecovery: 52 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Optimisation
- Processing Route
- Overall Concentrator
- Sample
- 14m, 1.65 g/t 3E bulk sulphide composite from PRDD009
Recovery
- Recovery
- 52 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical baseline overall concentrator copper recovery, used for comparison with current optimisation results.
Evidence · table
“52%”
Context: Overall Concentrator copper recovery
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 52% is below the weak band (80%)
OptimisationParks Reef PGM Project · pgmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- pgm
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Optimisation
- Processing Route
- Overall Concentrator
- Sample
- 14m, 1.65 g/t 3E bulk sulphide composite from PRDD009
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 82
- Conc. Grade Unit
- g/t 3E
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical baseline combined product grade for 3E PGM, used for comparison with current optimisation results.
Evidence · table
“82 g/t”
Context: Combined product grade (3E)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Flotation Circuit OptimisationParks Reef PGM Project · pgmRecovery: 50 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- pgm
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 50 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-13T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical pre-optimisation recovery for the Flotation Circuit 3E PGM from PRDD012, used for comparison with post-optimisation results.
Evidence · table
“50”
Context: PRDD012 Pre-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Flotation Circuit OptimisationParks Reef PGM Project · copperRecovery: 67 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 67 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-13T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical pre-optimisation recovery for the Flotation Circuit copper from PRDD012, used for comparison with post-optimisation results.
Evidence · table
“67”
Context: PRDD012 Pre-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 67% is below the weak band (80%)
Flotation Circuit OptimisationParks Reef PGM Project · platinumRecovery: 44 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 14m, 1.65 g/t 3E bulk sulphide composite from PRDD009
Recovery
- Recovery
- 44 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical baseline recovery for Flotation Circuit platinum, used for comparison with current optimisation results.
Evidence · table
“44”
Context: PRDD009 Pre-Optimisation (October 2025)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Flotation Circuit OptimisationParks Reef PGM Project · palladiumRecovery: 58 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- palladium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 14m, 1.65 g/t 3E bulk sulphide composite from PRDD009
Recovery
- Recovery
- 58 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical baseline recovery for Flotation Circuit palladium, used for comparison with current optimisation results.
Evidence · table
“58”
Context: PRDD009 Pre-Optimisation (October 2025)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Flotation Circuit OptimisationParks Reef PGM Project · goldRecovery: 58 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 14m, 1.65 g/t 3E bulk sulphide composite from PRDD009
Recovery
- Recovery
- 58 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical baseline recovery for Flotation Circuit gold, used for comparison with current optimisation results.
Evidence · table
“58”
Context: PRDD009 Pre-Optimisation (October 2025)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 58% is below the weak band (80%)
Flotation Circuit OptimisationParks Reef PGM Project · platinumRecovery: 47 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 47 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-13T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical pre-optimisation recovery for Flotation Circuit platinum from PRDD012, used for comparison with post-optimisation results.
Evidence · table
“47”
Context: PRDD012 Pre-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Flotation Circuit OptimisationParks Reef PGM Project · palladiumRecovery: 52 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- palladium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 52 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-13T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical pre-optimisation recovery for Flotation Circuit palladium from PRDD012, used for comparison with post-optimisation results.
Evidence · table
“52”
Context: PRDD012 Pre-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Flotation Circuit OptimisationParks Reef PGM Project · goldRecovery: 55 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 55 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-13T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a historical pre-optimisation recovery for Flotation Circuit gold from PRDD012, used for comparison with post-optimisation results.
Evidence · table
“55”
Context: PRDD012 Pre-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 55% is below the weak band (80%)
Flotation Circuit OptimisationParks Reef PGM Project · platinumRecovery: 65 %View all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 65 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Platinum recovery in the Flotation Circuit improved to 65% post-optimisation.
Positive factors
- Improved platinum recovery in flotation circuit
Evidence · table
“65”
Context: PRDD012 Post-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Flotation Circuit OptimisationParks Reef PGM Project · palladiumRecovery: 71 %View all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- palladium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 71 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Palladium recovery in the Flotation Circuit improved to 71% post-optimisation.
Positive factors
- Improved palladium recovery in flotation circuit
Evidence · table
“71”
Context: PRDD012 Post-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Flotation Circuit OptimisationParks Reef PGM Project · goldRecovery: 69 %View all detailsHide details
Identity
- Project
- Parks Reef PGM Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- Flotation Circuit Optimisation
- Processing Route
- Flotation Circuit
- Sample
- 9m high-grade hanging wall and footwall blend composite from diamond drill core PRDD012
Recovery
- Recovery
- 69 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: Gold recovery in the Flotation Circuit improved to 69% post-optimisation.
Positive factors
- Improved gold recovery in flotation circuit
Evidence · table
“69”
Context: PRDD012 Post-Optimisation (2026 Phase 3)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 69% is below the weak band (80%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.