Announcement Date: 2022-04-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Future Metals NL
Project name: Panton
Location: Australia
Commodities: Nickel
Highlight: Drilling results incl. 32.88m @ 1.33g/t , 0.19% Ni from 28.12m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Future Metals NL (“Future Metals” or the “Company”, ASX|AIM: FME), a platinum group metals (“PGM”) focused company, is pleased to report further shallow, wide PGM assay results from the resource definition drilling completed to date at its 100% owned Panton PGM Project (“Panton”) in northern Western Australia. In addition, the Company is pleased to provide an update on its metallurgical workstream as well as announcing the appointment of Mr Andrew Shepherd as General Manager – Project Development. Further drill hole assays have now been received and continue to confirm much broader widths of shallow PGM mineralisation than modelled in the current 2.4Moz MRE (refer to Appendix One). Assays for the remaining holes submitted to the laboratory that remain outstanding are expected to be reported in April 2022 which will then enable modelling of an updated MRE based on the shallow, bulk tonnage mineralisation at Panton. The latest assay results are set out in Table One below The Company has completed some preliminary sighter test work and an extensive review of the significant test work data from Panton’s previous owners. The majority of the historical test work focussed on the chromite reef mineralisation, being the high-grade portion of the Panton orebody, which showed PGM recoveries of over 80% in combination with concentrate grades over 100g/t PGM
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