The World Platinum Investment Council - WPIC® - today announces Podium Minerals
as its first Australian PGM developer to join as a pre-production member. Podium
Minerals Limited (ASX:POD, Podium) aims to be Australia’s first miner and producer of
Platinum Group Metals (PGMs) and a global preferred supplier of critical minerals to
support decarbonisation.
“We are
delighted to welcome Podium as the first Australian pre-production member of the WPIC.
WPIC’s new pre-production membership category will enable more platinum
advocates to distribute quality platinum insights to a wider global investment
community. This will in turn enhance WPIC’s effectiveness in increasing awareness,
understanding and ownership of platinum as an investment.”
Trevor Raymond, CEO, World Platinum Investment Council
“I am excited that
Podium is the first Australian PGM developer to join the World Platinum Investment
Council. Becoming a pre-production member of the WPIC delivers one of the key
Corporate building blocks which underpin our strategy to develop Parks Reef PGM
Project (‘Parks Reef Project’ or ‘Project’).
Our membership of the WPIC will provide quality global market intelligence and
valuable insights to inform our strategy and our decision making, and will position
Podium to stay at the forefront of PGM sector developments. Furthermore, our
membership of this highly regarded organisation will unlock opportunities for
engagement with the global PGM sector, and will provide avenues to promote Podium,
our Parks Reef Project, and Western Australia as a future supplier of PGMs.
We look forward to working with the WPIC, and engaging in insightful industry
discussions.”
Rod Baxter, Executive Chairman of Podium Minerals
Pre-production membership is a new category of membership, specifically for
companies involved in the development of orebodies that have the potential to produce
platinum in the future. The membership broadens support for the implementation of
WPIC’s strategy to increase investment in platinum and will enable more platinum
advocates to distribute quality platinum insights to a wider global investment
community.
This year the platinum market is forecast to record its third successive annual deficit as
demand continues to exceed supply, with further deficits expected for the foreseeable
future. WPIC expects that a significant increase in platinum supply will be needed
during the 2030s to support hydrogen’s growing role in global decarbonisation.
