Future Metals NL (ASX:FME, AIM:FME)’s Jardee Kininmonth and Proactive’s Andrew Scott discuss the exceptional resource upgrade that has made the Panton Project Australia’s second largest PGM deposit. The FME CEO highlights the new numbers, with the updated MRE confirming the Panton PGM-nickel deposit to be of a global scale including129 million tonnes at 1.20g/t PGM3E, 0.19% nickel and 154ppm cobalt (1.66g/t palladium equivalent) and containing 5 million ounces palladium, platinum and gold (PGM3E) and 238.8 tonnes nickel and 20,000 tonnes cobalt (6.9 million ounces palladium equivalent). The resource upgrade represents a 108% increase in contained PGM3E while the contained nickel resource has increased by 526% during the company’s 12 months of ownership and there is still plenty of growth potential. FME will now kick off an underground mine study in parallel with more testwork. The company is also wrapping up an exploration review that will be made available in the coming months and will highlight overlooked prospects outside the resource area.
Future Metals Panton Project becomes Australia’s second largest PGM deposit
