Company
ASX:FME
Future Metals NL (ASX,AIM:FME) is focused on advancing its wholly-owned Panton Platinum Group Metals (PGM) Project in the eastern Kimberly region of Western Australia. With the most recent upgrade to the Panton Project's mineral resource estimate, the asset is positioned as the highest-grade PGM project in Australia, and one of the highest-grade undeveloped PGM projects globally.
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“Early drilling has been very encouraging, with the identification of magmatically emplaced disseminated sulphides for the first time at Panton. This mineralisation provides significant evidence there is a nickel-copper-PGE sulphide system
“There has been a tremendous effort by the team to pull together this latest exploration program following the completion of our detailed exploration review which highlighted Panton’s prospectivity for making a nickel-copper-PGE sulphide di
FME has engaged a UK-based investor relations firm to help raise its profile in the UK market — increasingly a hotbed for platinum group metal stocks.
The company is searching for nickel-copper-PGE sulphide accumulations outside the existing 6.9-million-ounce palladium-equivalent resource at Panton with ground-based gravity and electromagnetic surveying, to be followed up with drilling in
The company has raised the SPP ceiling by A$500,000 to reduce scale back after a large oversubscription. A total of A$6 million has been raised to fund exploration at the Panton Nickel-Copper-Platinum Group Element Project.
Future Metals will leverage the additional funds to complete exploration activities on the Panton nickel-copper-PGM Project, advance a scoping study on the existing resource, and complete metallurgical test-work while funding general workin
Future Metals has placed 40 million new fully paid ordinary shares to be issued at a price of $0.125 per share to raise a total of $5 million before expenses.
“Following these surveys, the company intends to test each respective target with diamond drilling and down-hole electromagnetics. These exploration activities offer significant upside to what is an already compelling high-grade, large PGM
The ASX was higher and several small caps had big news as tax time approaches in Australia and investors start tax loss selling.
Future Metals managing director and CEO Jardee Kininmonth said the resource upgrade demonstrates the potential for Panton to be a PGM-nickel project of global scale outside the primary supply jurisdictions of Russia and South Africa.
The company is offering 1 million share options in an invitation-only placement, exercisable at a price of A$0.10 on or before June 11, 2024. FME says the core purpose of the placement is to create liquidity and flexibility in the company's
“All drill hole results returned to date have confirmed significant intercepts of mineralisation, demonstrating the strong continuity of the Panton orebody along its current 3.5-kilometre-strike, and the lateral extent of mineralisation sit
The appointment of Jardee Kininmonth "is a natural progression given his strong performance and leadership in the CEO role since joining Future Metals,” chairman Justin Tremain said.
“Given the company’s focus on proving the bulk tonnage potential of the project, we made the decision to sample these historical drill holes to increase the data points to feed into the new resource. We’re pleased that this decision has bee
“The current MRE only includes the upper and middle reefs which represent approximately 0.1-4.0 metres of mineralised width, while our latest drilling and historical assays demonstrate that the mineralisation extends up to 50 metres, much w
“These results exceed expectations on the mineralised width of the Panton orebody, providing further evidence of mineralisation extending well beyond the footwall of the middle reef,” says CEO.
“The results from these latest drill holes confirm the potential for substantially greater widths of shallow PGM mineralisation than modelled in the current MRE and demonstrate the growth potential of the 100%-owned Panton PGM deposit,” sai
The platinum group metals-focused company has appointed Jardee Kininmonth as chief executive officer and Brian Talbot as operational and technical lead advisor, both from Galaxy Resources Ltd.
Assay results remain pending for a further 52 exploration drill holes, with initial results expected in the first quarter of 2022.
The review shows broad, shallow PGM-nickel mineralisation of up to 20-40 metres in thickness, outside of the mineral resource estimate.
