Exploration Licenses

Podium’s foot-print in the Mid West Region includes a number of under-explored exploration licenses within its Mindoolah and Tuckabianna tenements which are prospective for gold and base metals. Podium is undertaking early stage exploration and evaluation of these tenements with an objective of identifying further resource definition opportunities to provide the Company with a pipeline of development projects.

Podium drilling

 

Podium additionally holds the Highlander gold prospect in the Northern Territory.  Highlander is located adjacent to the Stuart Highway approximately 70km south of Darwin and approximately 1km to the north-east of the rehabilitated Woodcutters base metal mine which produced 4.65 Mt @ 12.3% Zn, 5.6% Pb and 87 g/t Ag between 1985 and 1999.

 

Historical work has identified gold mineralisation which is likely semi-continuous over a tested 1km strike within the tenement with potential to extend further north.  Previous reports describe an anomalous zone 3m-8m wide (true width) and grading approximately 1.9g/t Au.

 

Podium is planning to commence a systematic exploration and evaluation program to define the development potential of the Highlander prospect.

Location and regional geology for Highlander tenement