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Podium Powers Ahead with A$12 Million Raise to Unlock Parks Reef Potential

10:01am on Wednesday 1st of October, 2025 AEST Mining
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Podium Powers Ahead with A$12 Million Raise to Unlock Parks Reef Potential

10:01am on Wednesday 1st of October, 2025 AEST
Key Points
  • A$12 million capital raising via A$5 million placement and A$7 million entitlement offer
  • Funds to support diamond drilling, pilot plant construction, and metallurgical test work
  • Entitlement offer priced at 6.4 cents per share with a 1-for-8 pro-rata structure
  • Recent metallurgical breakthrough delivers ~80% recovery and 50x concentrate upgrade
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