Future Metals Nl · ASX:FME
Future Metals Nl — Investor Presentation (November 2022)
23 slides from Future Metals Nl's investor presentation, Nov 14, 2022
Slide 1: PGM Project Developer with Ni-Cu-PGE Discovery Potential
For personal use only PGM Project Developer with Ni-Cu-PGE Discovery Potential Investor Presentation November 2022
Slide 2: Disclaimer
For personal use only 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 an
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 For personal use only of catalytic convertors, hydrogen electrolysers and fuel cells, and batteries JORC Mineral Resource Development 6.9Moz PdEq JORC Resource1 optionality 129Mt
Slide 4: Corporate Overview
Corporate Overview For personal use only 402.5M Shares on Issue (56M escrowed Jun 23) 22.9M Board & Management FME $46.3M 11.5c $38.5M $7.8M Performance Rights1 ASX | AIM Market Cap Share Price Enterprise Value Cash 120.4M Options Code (8 Nov 2022) (31 Oct 2022) • 104.4M Listed 10c Options (40.1M es
Slide 5: Supporting the Clean Energy Transition
Supporting the Clean For personal use only Near-term Medium-term Long-term demand demand demand Energy for new combustion as PGM loadings per provided by increased Transition vehicles as microchip & ICE/hybrid vehicle uptake of hydrogen semiconductor shortage increasing with global fuel cells & to r
Slide 6: Origin of Supply Increasingly Important
Origin of Supply Increasingly Important Majority of PGM supply concentrated in Russia and South Africa For personal use only Russia subject to sweeping Together Russia sanctions and discretionary removal from global supply chains1 Russia & South Africa Platinum Palladium currently control: 10% 38% N
Slide 7: Location & Infrastructure
Location & Infrastructure A well serviced and active mining region For personal use only Port Facilities Hydropower Great Northern Highway Sealed Airstrip Multiple Mining Operations 0 100 km 7
Slide 8: Mineral Resource Estimate
Mineral Resource Cross Section A Estimate Block Cross Section C For personal use only 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
Slide 9: In-Situ Value per Tonne
For personal use only 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
Slide 10: Metallurgical Approach and Product Options
PHYSICAL SEPARATION Focus on pre-concentration & separation of feed material Product Options For personal use only Potential for chromite concentrate as additional revenue stream Metallurgical FLOTATION High-grade PGM Approach concentrate and/or bulk Ni-PGM Test work to date demonstrates recov
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: Panton Exploration Model
Panton Exploration Model For personal use only Past drilling 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) Geometry and plunge of Panton intrusion results in relatively shallow feeder and keel pos
Slide 13: Keel Zone
Keel Zone Keel Cross Section For personal use only Gravity (pink) and magnetics (blue) inversion demonstrating clear keel position underneath chromite reefs Multiple drill holes proximate to gravity anomaly demonstrating high grade base metals & sulphur values relative to all other drill holes
Slide 14: Significant New Target Zone Identified
Significant New Target Zone Identified For personal use only New Target Keel Zone Gravity modelling has identified a significant new structure, with anomaly dwarfing the Keel Zone New structure sits along the Panton fault, a major regional structure Numerous mineralizing events have occurred i
Slide 15: Panton as a Ni-Cu-PGE sulphide prospect
Panton as a Ni-Cu-PGE sulphide prospect For personal use only All the Makings of a Major Discovery: Keel Zone Supportive geological setting – sits on major craton, in magmatically active area and multiple known mineralized intrusions Primed structure for hosting sulphide accumulations - geophysi
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 For personal use only FME acquires the Panton Rhodium price ranging from US$15-20k/oz Project in June 2021 High-grade resource estimated to contain 55ppb Rh2 Strong price envi
Slide 17: Becoming the First PGM Producer in Australia
Becoming the First PGM Producer in Australia For personal use only Q4 2022 Q1 2023 Looking Forward Exploration Exploration Drilling Assay Results 2023 Field EM Survey – Ground Based Programme Downhole EM Studies Pre-Feasibility Scoping Study – options assessment, mine & process design Study Metallur
Slide 18: Committed to delivering value through sustainable development
Future Metals is committed to the core principle For personal use only 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 a
Slide 19: Why invest in Future Metals
Metals for a Sustainable Future For personal use only Why invest in Future Metals Significant Development Large sulphide Top tier Quality management resource base optionality discovery potential jurisdiction team 19
Slide 20: Contact
For personal use only 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
For personal use only APPENDIX 21
Slide 22: 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) (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
Slide 23: 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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