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Future Metals bring new targets to Panton

27 July 2022
ASX: FME
Tim Cornish

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).

COMPANY OVERVIEW

Future Metals NL (ASX: FME) is an Australian based exploration Company focused on advancing its Panton PGM Project in the eastern Kimberly region of Western Australia. The 100% owned Panton PGM project is located 60 kilometres north of the town of Halls Creek in the east Kimberly region of Western Australia, a tier one mining jurisdiction.

COMPANY INFORMATION

ASX: FME

Website

https://future-metals.com.au/
https://www2.asx.com.au/markets/company/fme

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