Future Metals Nl · ASX:FME
Future Metals Nl — Investor Presentation (February 2023)
20 slides from Future Metals Nl's investor presentation, Feb 8, 2023
Slide 1: PGM Project Developer with Ni-Cu-PGE Discovery Potential
For personal use only PGM Project Developer with Ni-Cu-PGE Discovery Potential ASX | AIM: FME Investor Presentation | February 2023
Slide 2: Disclaimer
Disclaimer For personal use only This Presentation has been prepared as a summary only and does not contain all information about The information in this announcement that relates to Exploration Results is based on, and fairly represents, Future Metals NL (“Future” or “FME” or the Company) assets an
Slide 3: Metals for a Sustainable Future
Metals for a Sustainable Future For personal use only Panton hosts the perfect suite of metals to support the growing demand from manufacturers of catalytic convertors, hydrogen electrolysers and fuel cells, and batteries. Development Optionality Top Tier High-grade & bulk tonnage Jurisdiction suppo
Slide 4: Corporate Overview
Corporate Overview For personal use only BOARD OF DIRECTORS MANAGEMENT TEAM Justin Tremain (Non-Executive Chairman) Jardee Kininmonth (Managing Director and CEO) • Experienced company director with extensive expertise across the mineral • Experienced corporate finance and mining professional resourc
Slide 5: Hydrogen Applications Expected to Fuel Future PGM Demand
Hydrogen Applications Expected to Fuel Future PGM Demand For personal use only Traditional Demand PGM Intensity ICE Hybrid Fuel Cell Pt + Pd Demand Composition (koz), 2022 estimated (g per vehicle) 18,000 -92 907 16,000 1,540 14,000 3,362 12,000 11,231 ICE and hybrid vehicles require 3-7g of PGM whi
Slide 6: Supply Concentrated in Russia and South Africa
Supply Concentrated in Russia and South Africa For personal use only Supply is highly concentrated to Russia and South Africa PGMs are a scarce metal Ex- South Africa PGMs are much less abundant than metals such as lithium & copper Years of Mine Reserves* 300 1.4 1.2 250 1.0 200 South Africa supply
Slide 7: Location and Infrastructure
Location and Infrastructure A Well Serviced and Active Mining Region For personal use only Port Facilities Hydropower Multiple Mining FEBRUARY 2023 | INVESTOR PRESENTATION Operations Sealed Airstrip Great Northern Highway 7
Slide 8: Mineral Resource Estimate
Mineral Resource Estimate For personal use only MRE consists of high-grade reef and surrounding bulk mineralisation Cross Section A Block ▪ 129Mt @ 1.20g/t PGM3E, 0.19% Ni, Cross Section C Block and 154ppm Co (1.66g/t PdEq1) ▪ Containing 5.0Moz PGM3E, 239kt Ni, and 20kt Co (6.9Moz PdEq1) High-grade
Slide 9: Metallurgical Approach
Metallurgical Approach For personal use only Physical Separation • Focus on pre-concentration & separation of feed material Product Options • Potential for chromite concentrate as additional revenue stream Flotation High-grade PGM Utilising significant body concentrate and/ of metallurgical work • T
Slide 10: Project Delivery De-Risked
Project Delivery De-Risked For personal use only Mining trial (2002) Future Metals has capitalised on the significant sunk cost and learnings of prior owners to progress development of Panton. Scoping study is drawing on: ▪ Significant body of metallurgical test work ▪ >45,000m of drilling and assoc
Slide 11: Panton Geology
Panton Geology For personal use only ▪ 12km long, 2.5km wide and 1.7km thick layered mafic-ultramafic intrusion ▪ Folded into a south-westerly plunging synclinal structure with extensive cross faulting ▪ Two distinct mineralised layers in stratigraphy, the Main Zone and the Lower Zone ▪ Main Zone is
Slide 12: Basal Contact Drilling
Basal Contact Drilling For personal use only ▪ 2022/23 drill campaign first time Ni-Cu sulphides have been explored for at Panton – confirmed presence of broad disseminations of Ni-Cu sulphides – potentially outer halo of central large accumulation ▪ Awaiting results on deep drill hole through large
Slide 13: Ni-Cu-(PGE) Sulphide Targets
Ni-Cu-(PGE) Sulphide Targets For personal use only ▪ Shallow embayment feature (BC1) identified under cover with coincident anomalies across magnetics, soils, stream sediments and drilling – nearby sulphide rich intercepts include: ▪ 19m @ 0.49% Ni, 0.28% Cu, 0.51 g/t PGE3E from 88m, incl: ▪ 3m @ 1.
Slide 14: East Kimberley JV - Panton North
East Kimberley JV - Panton North For personal use only ▪ Secured highly prospective and strategic ground adjacent to the Panton project through a farm-in and JV agreement with Octava Minerals ▪ Panton North prospect is an extension of the Panton sill with a large, exposed basal contact position ▪ Co
Slide 15: Delivering Value Through Sustainable Development
Delivering Value Through Sustainable Development For personal use only Creating a positive case study for Environmental stewardship community engagement in the East ▪ Minimise impact where possible; from Kimberley exploration activities through to construction & ▪ Creating a genuine partnership with
Slide 16: Corporate Overview
Corporate Overview For personal use only FME $32.5M ASX | AIM Code Market Cap 6-Month Share Price Chart $0.16 3 $0.08c $26.7M $5.8M $0.14 FEBRUARY 2023 | INVESTOR PRESENTATION 2 Share Price Enterprise Cash $0.12 (6 Feb 2023) Value (31 Dec 2022) Volume (M) Share Price $A $0.10 2 $0.08 1 $0.06 406M Sh
Slide 17: Why Invest in Future Metals?
For personal use only Why Invest Significant in Future Metals? resource base Development optionality FEBRUARY 2023 | INVESTOR PRESENTATION Project delivery de- risked Panton hosts the perfect suite of metals to support the growing demand from manufacturers of catalytic convertors, hydrogen electroly
Slide 18: In-Situ Value Per Tonne Contribution
In-Situ Value Per Tonne Contribution For personal use only Mass Grade Ni Cu Co PdEq (Mt) Pd (g/t) Pt (g/t) Au (g/t) PGM3E (g/t) (%) (%) (ppm) (g/t) Reef 25.4 1.71 1.61 0.24 3.57 0.24 0.07 192 3.86 Dunite 103.4 0.31 0.25 0.07 0.62 0.17 0.03 145 1.12 Total 128.9 0.58 0.52 0.10 1.20 0.19 0.04 154 1.66
Slide 19: Panton JORC Mineral Resource
Panton JORC Mineral Resource For personal use only Resource Category Mass Grade Contained Metal Pd Pt Au PGM3E Ni Cu Co PdEq Pd Pt Au PGM3E Ni Cu Co PdEq (Mt) (g/t) (g/t) (q/t) (%) (%) (ppm) (g/t) (Koz) (Koz) (Koz) (kt) (Kt) (Kt) (Koz) (g/t) (Koz) Reef Indicated 7.9 1.99 1.87 0.31 4.16 0.24 0.07 190
Slide 20: Palladium Equivalent Calculation
Palladium Equivalent Calculation For personal use only Palladium Metal Equivalents Based on metallurgical test work completed on Panton samples, all quoted elements included in the metal equivalent calculation (palladium, platinum, gold, nickel, copper and cobalt) have a reasonable potential of bein
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