Podium Minerals Limited announced new intercepts for 17 holes returned from Stage 10 drilling confirm the continuity of the Parks Reef mineralization along the full 15 km of the orebody's strike length, supporting the successful delivery of the Parks Reef Exploration Target (70 to 75Mt at grade of 1.2 to 1.6g/t 3E PGM for 2.7Moz to 3.8Moz 3E PGM) in addition to the existing resource. Stage 10 drilling (targeting 51 new holes and extensions to 2 previously drilled holes - 53 holes in total) was completed on 8 July 2022. This announcement covers the 3E PGM assay results for 17 RC holes (Appendix C).

In total 34 holes have now had full assay results returned and an additional 7 holes have partial assays returned. All 3E PGM results from Stage 10 are expected by early September 2022. All drill holes achieved intersections of the reef, underscoring the reef's significant continuity and consistency over its full 15km strike length.

For the results received from the Stage 10 programme so far, assay results have been in line with projected orebody widths, with a significant portion on the upper side of grade expectation. The Stage 10 Programme is aimed at proving the enlarged Exploration Target of 70Mt to 75Mt at 1.2 g/t to 1.6 g/t 3E PGM for 2.7Moz to 3.8Moz 3E PGM (this is additional to the current 3.0Moz 5E PGM Inferred Mineral Resource Estimate (`MRE') reported to the ASX on 2 August 2022). Processing of the diamond core tails to achieve full reef intersections was completed in early August 2022.

All samples have been despatched to Bureau Veritas (BV) in Perth and are awaiting assay. Further drill results are expected to be received throughout August and September this year. All intersections e within fresh (sulphide) rock and selected samples are being re-assayed for 5E PGM and base metals.

5E PGM testing commences following identification of the PGM zone via 3E analyses. Due to the high volumes and laboratory delays, results from 5E assays will continue to be longer than the 3E and gold turnaround times.