FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Future Metals show ‘bulk’ promise at Panton  

17 February 2022 10:52
ASX: FME

Future Metals is confident three out of a total of 52 drill holes, comprising 19 new and 33 unsampled historical drill holes, will significantly add to the 14.32Mt Panton platinum group metal and nickel project north of Halls Creek in Western Australia.  

Platinum, used catalytic converter assemblies, is likely to reach record levels in 2022, driven by growing demand for platinum, palladium, and rhodium from the automotive sector.  

Nickel, a mainstay component of electric vehicle batteries, will surpass 3 million tonnes in 2022 – up from 2.77 million tonnes in 2021.  

“The results from these latest drill holes confirm the potential for substantially greater widths of shallow PGM mineralisation than modelled in the current Mineral Resource Estimate and demonstrate the growth potential of the 100 per cent owned Panton PGM deposit,” chief executive Jardee Kininmonth said.  

“We look forward to reporting further drill results regularly over the next 2-3 months as assays are received for the remaining 49 drill holes.”

Once received, the company will combine the new results into an updated MRE. 

Meanwhile, metallurgical flotation test work continues composite samples from the previously reported metallurgical holes.

FME’s Australian Stock Exchange-listed share price was trading at 24c today (10:21 am GMT+ 8 hours). 

The Market Bull Logo

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!

Share This