| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Future Metals NL |
| Project name: | Panton |
| Location: | Australia |
| Commodities: | Gold,Palladium,Platinum,Copper,Nickel |
| Highlight: | Drilling results incl. 8.4m @ 2.37g/t Pd, 2.08g/t Pt, 0.42g/t Au, 0.24% Ni, 0.06% Cu from 32.6m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Future Metals NL (“Future Metals” or the “Company”, ASX|AIM: FME), is pleased to announce further high-grade PGM assay results from the metallurgical drilling completed at its 100% owned Panton PGM Project (“Panton”) in northern Western Australia. The results reported are from the remaining three of eight metallurgical holes drilled to provide samples for flotation optimisation and variability test work which is underway. Assay results remain pending for a further 52 exploration drill holes, with initial results expected during Q1, 2022. Panton has a current JORC Mineral Resource Estimate (“MRE”) of 14.32Mt @ 4.89g/t PGM(6E) and 0.31g/t gold for 2.4Moz of contained PGM and gold A total of eight metallurgical holes were drilled (PS382 – PS389) to recover sufficient mineralised chromitite reef and associated mineralised dunite for metallurgical test work. Results were reported for the initial five holes on 28 October 2021 and results have now been received for the remaining three holes as set out in Table One below |
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