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Future Metals bring new targets to Panton

27 July 2022 16:33
ASX: FME

Future Metals has uncovered nickel grades as high as 1.93 per cent along with strong results for copper, cobalt and gold after detailed review of its Panton PGM project located near Halls Creek in Western Australia’s East Kimberley region.

The results add a fresh batch of intriguing targets to Panton and come from outside the area containing its 6.9 million ounce palladium equivalent resource estimate.

Last month’s major resource upgrade had already proven the project’s significant heft — demonstrating the deposit was of global scale and the second largest of its type in the nation.

The company said the chance discoveries occurred while seeking to expand the known mineralisation of palladium at the site.

“It is very exciting what we might uncover when specifically targeting zones identified to be the most prospective for increased sulphide mineralisation,” managing director and chief executive Jardee Kininmonth said.

Next up for Panton is a follow-up electromagnetic and gravity survey to be followed with diamond drilling and down-hole electromagnetics.

FME’s Australian Stock Exchange-listed share price has risen 7.692 per cent today, selling at 14c (3:12pm UTC+ 8 hours).

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