Future Metals Nl · ASX:FME
Future Metals Nl — Investor Presentation (August 2022)
23 slides from Future Metals Nl's investor presentation, Aug 18, 2022
Slide 1: PGM Project Developer with Ni-Cu-PGE Discovery Potential
PGM Project Developer with Ni-Cu-PGE Discovery Potential Investor Presentation August 2022 1
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared as a summary only and does not contain all information about Future Metals Statements regarding FME’s plans with respect to its mineral properties are forward looking statements There NL (“Future” or “FME” or the Company) assets and liabilities, financi
Slide 3: Metals for a Sustainable Future
Metals for a Sustainable Future 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 6.9Moz PdEq JORC Resource1 High-grade & bulk tonnage support multiple 129Mt
Slide 4: Corporate Overview
Corporate Overview 394.5M Shares on Issue3 (55.3M escrowed Jun 23) 22.9M Board & Management FME $49.3m 12.5c $41.5M $7.8M Performance Rights1 ASX | AIM Market Cap Share Price Enterprise Value Cash 117.8M Options Code (15 Aug 20223) (15 August 20223) • 101.8M Listed 10c Options (40.1M escrowed Jun 23
Slide 5: Origin of Supply Increasingly Important
Origin of Supply Increasingly Important Majority of PGM supply concentrated in Russia and South Africa Russia subject to sweeping Together Russia sanctions and discretionary removal from global supply chains1 Russia & South Africa Platinum Palladium currently control: 10% 38% North America 83% South
Slide 6: Location & Infrastructure
Location & Infrastructure A well serviced and active mining region Port Facilities Hydropower Great Northern Highway Sealed Airstrip Multiple Mining Operations 0 100 km 6
Slide 7: Mineral Resource Estimate
Mineral Resource Cross Section A Estimate Block Cross Section C Block New MRE including bulk lower-grade mineralisation and higher grade reef portion o 129Mt @ 1.20g/t PGM3E, 0.19% Ni, and 154ppm Co (1.66g/t PdEq1) New MRE constrained to o Containing 5.0Moz PGM3E, 239kt Ni, and 20kt Co (6.9Moz PdEq1
Slide 8: Project Optionality
Project Optionality New Mineral Resource Estimate provides significant optionality in creating a development pathway for Panton 31.2m @ 1.22g/t PdEq fr 32.5m @ 1.31g/t PdEq fr 62.3m incl. 1.2m @ 7.37g/t 82m incl. 1.1m @ 4.76g/t PdEq fr 80.5m Bulk mineralisation cut-off at 150m for MRE however minera
Slide 9: In-Situ Value per Tonne Contribution
In-Situ Value Bulk Mineralisation per Tonne Contribution Mass Grade (Mt) Pd (g/t) Pt (g/t) Au (g/t) PGM3E (g/t) Ni (%) Cu (%) Co (ppm) PdEq (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 1
Slide 10: Metallurgical Approach
PHYSICAL SEPARATION Focus on pre-concentration & separation of feed material Product Options Potential for chromite as additional revenue stream Metallurgical FLOTATION High-grade PGM Approach concentrate and/or bulk Ni-PGM Test work to date demonstrates recoveries of 70-80% and concentrate gr
Slide 11: Panton Geology
Panton Geology • 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 predominantly Reef-st
Slide 12: Panton Exploration Model
Panton Exploration Model Exploration over past 30 years has focused on chromitite reefs in the Main Zone Lower Zone emerging as a highly prospective search area to make significant Ni-Cu-PGE discovery(s) Panton is relatively small intrusion (1.5km thick; compared to Bushveld and Stillwater whi
Slide 13: Keel Zone
Keel Zone Keel position of intrusions typically loci of strongest mineralization 400m section width Main Eastern bounding fault Synclinal keel position – Main Zone Most prospective area for Ni-Cu-PGE sulphides Untested by drilling or electromagnetics Structural understanding suggests keel is
Slide 14: Basal Contact Zone
Basal Contact Zone Lower portion of stratigraphy, more prospective for sulphide lenses or zones near surface and at depth Shallow drilling demonstrates broad zone of bulk mineralization with increased proportion of base metals to PGM’s Evidence of sulphide enrichment in historical drilling S
Slide 15: EM Conductors
EM Conductors Airborne EM flown in 2010 – did not cover the Lower Zone, most prospective for sulphides Late-time EM conductors in southern ML potentially mapping keel-hosted position Interpreted Keel Position at depth Conductors in Main Zone correlate with zones of higher base metals grades An
Slide 16: The right time for Panton
The right time for Panton Strong price environment, development optionality and potential for a Ni-Cu-PGE sulphide discovery PGM Price Chart 2000 onwards FME acquires the Panton Rhodium price ranging from US$15-20k/oz High-grade resource estimated to contain 55ppb Rh1 Project in June 2021 Strong pri
Slide 17: Becoming the First PGM Producer in Australia
Becoming the First PGM Producer in Australia Q3 2022 Q4 2022 Q1 2023 Exploration Gravity Survey – Ground Based EM Survey – Ground Based Exploration Drilling Downhole EM Studies Scoping Study – options assessment, mine & process design Metallurgy Flotation test work & optimisation Physical separation
Slide 18: Committed to delivering value through sustainable development
Future Metals is committed to the core principle of delivering value through sustainable development The foundations of ESG are important to us, and we proactively uphold key responsibilities to ensure we are considered and transparent in all we do. With these foundations, we aim to build a roadmap
Slide 19: Why invest in Future Metals
Metals for a Sustainable Future Why invest in Future Metals Significant Development Large sulphide Top tier Quality management resource base optionality discovery potential jurisdiction team 19
Slide 20: Contact
CONTACT Jardee Kininmonth Managing Director and CEO info@future-metals.com.au T: +61 8 9480 0414 L1, 33 Richardson Street West Perth 20
Slide 21: Appendix
OO FUTURE METALS APPENDIX
Slide 22: Panton JORC Mineral Resource
Panton JORC Mineral Resource 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) (g/t) (%) (%) (ppm) (g/t) (Koz) (Koz) (Koz) (Koz) (kt) (Kt) (Kt) (Koz) Reef Indicated 7.9 1.99 1.87 0.31 4.16 0.24 0.07 190 4.39 508 476 78 1,062
Slide 23: Palladium Equivalent Calculation
Palladium Equivalent Calculation 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 being ultimately recovered
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