Announcement Date: 2023-03-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Future Metals NL
Project name: Panton
Location: Australia
Commodities: Gold,Palladium,Platinum,Copper,Nickel,Cobalt,Sulphur
Highlight: Drilling results incl. 22.40m at 164.1ppb Au, 0.02ppm Co, 0.04% Cu, 0.21% Ni, 697.90ppb Pd, 634.8ppb Pt, 0.16% S from 786m
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 results from its deep drill hole at its wholly owned Panton Project (“Panton” or “the Project”). The Company completed a 1,328.6m drill hole at Panton (PS414) in January 2023 which targeted the basal contact towards the bottom of the intrusion. The drill hole was co-funded by the Western Australia Government’s Exploration Incentive Scheme (“EIS”). This was the first time that a hole has been drilled through the entire Panton intrusion and it has provided highly valuable information relating to the reef-style mineralisation, and the Company’s nickel sulphide exploration model targeting high-grade accumulations outside of the known 6.9Moz PdEq MRE
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