Latest Pgm Projects News

Future Metals has advanced its Panton PGM project with an updated 4.24Moz PtEq resource, a potentially lower-capital processing route and two competing development pathways. A completed A$3.6 million placement funds the next phase, while the Savannah option still depends on commercial agreement and further technical work.

Podium Minerals has improved flotation recovery at its Parks Reef PGM project to 67% while maintaining overall concentrator recovery near 80%, with a smaller targeted downstream circuit. The September quarter also delivered the full A$4 million underwritten raising and a proposed Australia-US processing partnership, though both the flowsheet and funding pathway still require further validation.

Podium Minerals says optimisation work has maintained approximately 80% overall 3E recovery while cutting the targeted size of its downstream recovery circuit by about half. The technical gains came alongside a larger annual loss and an explicit reliance on further funding to advance Parks Reef.

Pivotal Metals has used its FY2026 annual report to position Horden Lake as a larger, better-understood Quebec copper project, with a maiden scoping study targeted for September. The company also expanded Belleterre drilling and added the Bambino project, but remains loss-making and dependent on further funding.

Future Metals NL has raised $3.6 million through a two-tranche placement to advance its Panton PGM Project and support ongoing negotiations for the Savannah Nickel Operations acquisition.

Podium Minerals has secured a $4 million underwritten share purchase plan to fund advancing metallurgical work and site rehabilitation at its Parks Reef PGM Project, following a significant step-change in concentrator performance.

Galileo Mining has identified a previously unrecognised mineralised ultramafic sill beneath its Callisto Resource, boosting the prospectivity of its Norseman PGM project and kicking off a 5,000-metre aircore drilling program targeting multiple high-priority sulphide zones.

Future Metals NL has delivered a significant upgrade to its Panton PGM Project, reporting an 82.3 million tonne resource at 1.6 g/t platinum equivalent, underpinning a refreshed development plan.

Southern Palladium’s latest DFS metallurgical tests reveal a dramatic jump in chromite recovery to 85.6%, alongside improved platinum group metal grades and recoveries, potentially reshaping project economics.

Podium Minerals has delivered strong assay results from 17 metallurgical drill holes at its Parks Reef project, confirming geological models and revealing significant high-grade platinum group metal intercepts.

Future Metals has trimmed pre-production capital for its Panton PGM Project by approximately A$74 million through an independent engineering assessment of the Savannah processing facility. Further savings are possible by shifting crushing and ore sorting to Panton, while rising platinum group metal prices bolster project economics.

Southern Palladium reported a doubling in chromite recoveries at its Bengwenyama project, prompting a redesign of the processing plant and pushing the DFS completion to late Q4 2026 amid drilling delays and enhanced metallurgical work.