TIDMFME
Future Metals NL
08 June 2023
8 June 2023
Future Metals NL
Investor Webinar
Future Metals NL (Future Metals or the Company) ( ASX | AIM:
FME) , is pleased to invite investors to a webinar hosted by
Managing Director and CEO Jardee Kininmonth, who will provide a
formal company update followed by Q&A.
The investor webinar will provide a progress update on scoping
study, metallurgical and exploration activities at its 100% owned
Panton PGM-Ni Project in northern Western Australia.
Australian-based (ASX) shareholders and investors are invited to
register for the free webinar here:
WEBINAR URL https://register.gotowebinar.com/register/1140219278417734486
DATE: Tuesday, 13 June 2023
TIME : 9:30am AWST / 11:30am AEST
DURATION : 30 minutes
United Kingdom-based (AIM) shareholders and investors are
invited to register for the free webinar here:
WEBINAR URL https://attendee.gotowebinar.com/register/4842814789349534297
DATE: Tuesday, 13 June 2023
TIME : 9:30am BST / 4:30pm AWST
DURATION : 30 minutes
After registering, you will receive a confirmation email
containing a calendar invitation and information about joining the
webinar.
Investors are invited to submit questions prior to the event to
alex@investorstream.com.au .
Authorised for release by the Managing Director.
S
For further information, please contact:
Future Metals NL +61 8 9480 0414
Jardee Kininmonth info@future-metals.com.au
Strand Hanson Limited (Nominated Adviser) +44 (0) 207 409 3494
James Harris/James Bellman
Panmure Gordon (UK) Limited (UK Broker)
John Prior/Hugh Rich/Soman Thakran +44 (0)207 886 2500
FlowComms (UK IR/PR) +44 (0) 789 167 7441
Sasha Sethi
Notes to Editors:
About the Panton PGM-Ni Project
The 100% owned Panton PGM-Ni Project is located 60kms north of
the town of Halls Creek in the eastern Kimberly region of Western
Australia, a tier one mining jurisdiction. The project is located
on three granted mining licences and situated just 1km off the
Great North Highway which accesses the Port of Wyndham (refer to
Figure One).
The Project hosts an independent JORC Code (2012) MRE of 129Mt @
1.20g/t PGM(3E) , 0.19% Ni, 0.04% Cu and 154ppm Co (1.66g/t PdEq(2)
) at a cut-off grade of 0.90g/t PdEq for contained metal of 5.0Moz
PGM(3E) , 239kt Ni, 48kt Cu and 20kt Co (6.9Moz PdEq). The MRE
includes a high-grade reef of 25Mt @ 3.57g/t PGM(3E) (1) , 0.24%
Ni, 0.07% Cu and 192ppm Co (3.86g/t PdEq) for contained metal of
2.9Moz PGM(3E) , 60kt Ni, 18kt Cu and 5kt Co (3.2Moz PdEq) (refer
to the Company's announcement of 21 June 2022 for further details)
.
PGM-Ni mineralisation occurs within a layered, differentiated
mafic-ultramafic intrusion referred to as the Panton intrusive
which is a 12km long and 3km wide, south-west plunging synclinal
intrusion. PGM mineralisation is hosted within a series of
stratiform chromite reefs as well as a surrounding zone of
mineralised dunite within the ultramafic package.
The Company confirms it is not aware of any new information or
data which materially affects the information included in the
announcement referenced above.
Figure One | Panton PGM Project Location
About Platinum Group Metals (PGMs)
PGMs are a group of six precious metals being Platinum (Pt),
palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh), and
ruthenium (Ru). Exceptionally rare, they have similar physical and
chemical properties and tend to occur, in varying proportions,
together in the same geological deposit. The usefulness of PGMs is
determined by their unique and specific shared chemical and
physical properties.
PGMs have many desirable properties and as such have a wide
variety of applications. Most notably, they are used as
auto-catalysts (pollution control devices for ICE vehicles), but
are also used in jewellery, electronics, hydrogen production /
purification and in hydrogen fuel cells. The unique properties of
PGMs help convert harmful exhaust pollutant emissions to harmless
compounds, improving air quality and thereby enhancing health and
wellbeing.
Appendix One
Panton Mineral Resource Estimate (JORC Code 2012)
Resource Category Mass Grade Contained Metal
------
(Mt) Pd Pt Au PGM(3E) (g/t) Ni Cu Co PdEq(1) Pd Pt Au PGM(3E) (Koz) Ni Cu Co PdEq(1)
(g/t) (g/t) (g/t) (%) (%) (ppm) (g/t) (Koz) (Koz) (Koz) (kt) (kt) (kt) (Koz)
----------- ====== ------- ------- ------- =============== ====== ----- ------- ========= --------- ------- ------- =============== ======= ------ ------ =========
Reef Indicated 7.9 1.99 1.87 0.31 4.16 0.24 0.07 190 4.39 508 476 78 1,062 19.1 5.2 1.5 1,120
----------- ====== ------- ------- ------- =============== ====== ----- ------- ========= --------- ------- ------- =============== ======= ------ ------ =========
Inferred 17.6 1.59 1.49 0.22 3.30 0.23 0.07 193 3.63 895 842 123 1,859 41.1 13.1 3.4 2,046
---------------------- ====== ------- ------- ------- =============== ====== ----- ------- ========= --------- ------- ------- =============== ======= ------ ------ =========
Subtotal 25.4 1.71 1.61 0.24 3.57 0.24 0.07 192 3.86 1,403 1,318 201 2,922 60.3 18.2 4.9 3,166
---------------------- ====== ------- ------- ------- =============== ====== ----- ------- ========= --------- ------- ------- =============== ======= ------ ------ =========
Dunite Inferred 103.4 0.31 0.25 0.07 0.62 0.17 0.03 145 1.12 1,020 825 225 2,069 179.6 30.2 15.0 3,712
----------- ====== ------- ------- ------- =============== ====== ----- ------- ========= --------- ------- ------- =============== ======= ------ ------ =========
Subtotal 103.4 0.31 0.25 0.07 0.62 0.17 0.03 145 1.12 1,020 825 225 2,069 179.6 30.2 15.0 3,712
---------------------- ====== ------- ------- ------- =============== ====== ----- ------- ========= --------- ------- ------- =============== ======= ------ ------ =========
All Indicated 7.9 1.99 1.87 0.31 4.16 0.24 0.07 190 4.39 508 476 78 1,062 19.1 5.2 1.5 1,120
----------- ====== ------- ------- ------- =============== ====== ----- ------- ========= --------- ------- ------- =============== ======= ------ ------ =========
Inferred 121 0.49 0.43 0.09 1.01 0.18 0.04 152 1.48 1,915 1,667 347 3,929 219.7 43.2 18.4 5,758
---------------------- ====== ------- ------- ------- =============== ====== ----- ------- ========= --------- ------- ------- =============== ======= ------ ------ =========
Total 129 0.58 0.52 0.10 1.20 0.19 0.04 154 1.66 2,423 2,143 425 4,991 238.8 48.4 19.9 6,879
---------------------- ------ ------- ------- ------- --------------- ------ ----- ------- --------- --------- ------- ------- --------------- ------- ------ ------ ---------
(1) Refer below and ASX Announcement 21 June 2022
(2) No cut-off grade has been applied to reef mineralisation and
a cut-off of 0.9g/t PdEq has been applied to the dunite
mineralisation
(1) Palladium metal equivalents
Based on metallurgical test work completed on Panton samples,
all quoted elements included in the metal equivalent calculation
(palladium, platinum, gold, nickel, copper and cobalt) have a
reasonable potential of being ultimately recovered and sold.
Metal recoveries used in the palladium equivalent (PdEq)
calculations are in the midpoint of the range of recoveries for
each element based on metallurgical test work undertaken to date at
Panton. It should be noted that palladium and platinum grades
reported in this announcement are lower than the palladium and
platinum grades of samples that were subject to metallurgical test
work (grades of other elements are similar).
Metal recoveries used in the palladium equivalent (PdEq)
calculations are shown below:
-- Reef: Palladium 80%, Platinum 80%, Gold 70%, Nickel 45%,
Copper 67.5% and Cobalt 60%
-- Dunite: Palladium 70%, Platinum 70%, Gold 70%, Nickel 45%,
Copper 67.5% and Cobalt 60%
Assumed metal prices used are also shown below:
-- Palladium US$1,700/oz, Platinum US$1,300/oz, Gold
US$1,700/oz, Nickel US$18,500/t, Copper US$9,000/t and Cobalt
US$60,000/t
Metal equivalents were calculated according to the follow
formulae:
-- Reef: PdEq (Palladium Equivalent g/t) = Pd(g/t) + 0.76471 x
Pt(g/t) + 0.875 x Au(g/t) +1.90394 x Ni(%) + 1.38936 x Cu(%) + 8.23
x Co(%)
-- Dunite: PdEq (Palladium Equivalent g/t) = Pd(g/t) + 0.76471 x
Pt(g/t) + 0.933 x Au(g/t) +2.03087 x Ni(%) + 1.481990 x Cu(%) +
8.80 x Co(%)
The Company confirms it is not aware of any new information or
data which materially affects the information included in the
announcement referenced above.
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END
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