Future Metals Nl · ASX:FME
Future Metals Nl — Investor Presentation (June 2023)
23 slides from Future Metals Nl's investor presentation, Jun 13, 2023
Slide 1: Shareholder Update
For personal use only Shareholder Update ASX | AIM: FME Investor Presentation | June 2023
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared as a summary only and does not contain all information about The information in this presentation that relates to Exploration Results is based on, and fairly represents, information compiled by Ms Future Metals NL’s (“Future” or “FME” or the Company’s a
Slide 3: Future Metals: Panton PGM Project Overview
Future Metals: Panton PGM Project Overview Scoping Study progressing; detailing a long life, low capital and high-grade PGM-Ni operation Highest grade PGM Resource • 2.9Moz @ 3.57g/t PGM3E (or 3.2Moz PdEq @ 3.86g/t PdEq) in Australia within bulk resource of 6.9Moz PdEq For personal use only Location
Slide 4: Future Metals: Nickel Sulphide Exploration
Future Metals: Nickel Sulphide Exploration Significant nickel sulphide discovery potential outside the existing PGM deposit Drilling underway at BC1 and Panton West Untested with coincident indicators across EM, For personal use only magnetics, gravity, soils and rock chips Nearby intercepts inc
Slide 5: Corporate Overview
Corporate Overview BOARD OF DIRECTORS MANAGEMENT TEAM Justin Tremain (Non-Executive Chairman) Jardee Kininmonth (Managing Director and CEO) • Experienced company director with extensive expertise across the • Experienced corporate finance and mining professional mineral resources sector • Prior role
Slide 6: Hydrogen Applications Expected to Fuel Future PGM Demand
Hydrogen Applications Expected to Fuel Future PGM Demand 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 11,231 3,362 12,000 ICE and hybrid vehicles require 3-7g of PGM while Fuel Cell vehicles
Slide 7: Supply Concentrated in Russia and South Africa
Supply Concentrated in Russia and South Africa 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 For personal use only 1.2 250 1.0 200 South Africa’s suppl
Slide 8: Location and Infrastructure
Location and Infrastructure A Well Serviced and Active Mining Region For personal use only Port Facilities Hydropower Multiple Mining Operations JUNE 2023 | INVESTOR PRESENTATION Sealed Airstrip Great Northern Highway 8
Slide 9: Mineral Resource Estimate
Mineral Resource Estimate MRE consists of high-grade reef and surrounding bulk mineralisation 129Mt @ 1.20g/t PGM3E, 0.19% Ni, and 154ppm Co (1.66g/t PdEq1) For personal use only Containing 5.0Moz PGM3E, 239kt Ni, and 20kt Co (6.9Moz PdEq1) High-grade reef portion MRE constrained to ~5.1km 25M
Slide 10: Project Delivery Strategy
Project Delivery Strategy Supplying sustainable Platinum-Group-Metals from a stable mining jurisdiction Low emissions upgrading of Pre-concentration with ore Milling and flotation to produce concentrate with Lifezone’s Low impact underground sorting,separating high grade high grade concentrate with
Slide 11: Ore Sorting to Unlock Panton
Ore Sorting to Unlock Panton Ore sorting shows high efficiency in separating high-grade chromite reef ore from waste and low grade Mitigates impact of mining dilution For personal use only Improves processed head grade, reducing capex & opex ‘Cleans’ ore ahead of flotation, removing significan
Slide 12: Low-Emission PGM Production
Low-Emission PGM Production Scoping activities underway with Lifezone, developer of a robust hydrometallurgical process purpose built for High Lower capital and processing PGM concentrates Recoveries operating costs Low electricity For personal use only consumption Typically 95%+ for Pt, Capex 18%
Slide 13: Project Delivery De-Risked
Project Delivery De-Risked Mining during bulk sample extraction (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: For personal use only Metallurgical solution in place with multiple produc
Slide 14: Panton Geology
Panton Geology 12km long, 2.5km wide and 1.7km thick Long section layered mafic-ultramafic intrusion Cross section Folded into a south-westerly plunging synclinal structure with extensive For personal use only cross faulting Intrusive ‘complex’ subject to multiple magmatic pulses over time; po
Slide 15: Nickel sulphide targets: BC1
Nickel sulphide targets: BC1 Shallow embayment feature (BC1) identified under cover with coincident anomalies across magnetics, soils, stream sediments and drilling – nearby sulphide rich intercepts include: For personal use only 19m @ 0.49% Ni, 0.28% Cu, 0.51 g/t PGE3E from 88m, incl: 3m @ 1.
Slide 16: Nickel sulphide targets: Panton West
Nickel sulphide targets: Panton West Panton West is interpreted to be the basal contact position of a sill of similar to Panton For personal use only Falcon gravity data used to identify the sill’s position which has been shifted by late stage faulting Discrete magnetic features with coinciden
Slide 17: Delivering Value Through Sustainable Development
Delivering Value Through Sustainable Development Future Metals is committed to growing value for shareholders while maintaining high ESG standards Creating a positive case study for Environmental stewardship community engagement in the East Minimise impact where possible; from Kimberley exploratio
Slide 18: Becoming the First PGM Producer in Australia
Becoming the First PGM Producer in Australia Q2 Q3 Q4 2023 2023 2023 Exploration RC drilling at BC1 & Panton West For personal use only Assay results Soil sampling and mapping programme Follow up drilling, geophysics and sampling JUNE 2023 | INVESTOR PRESENTATION Study & Metallurgical Activities JOR
Slide 19: Corporate Overview
Corporate Overview 6-Month Share Price Chart | ASX and AIM FME $17.1M $0.14 10,000,000 For personal use only ASX | AIM Code Market Cap 9,000,000 $0.12 8,000,000 4.2 cents $13.2M $3.9M $0.10 7,000,000 Share Price Enterprise Cash 6,000,000 JUNE 2023 | INVESTOR PRESENTATION Volume (ASX : AIM) $0.08 (31
Slide 20: Why Invest in Future Metals?
Why Invest in Future Metals? High grade, and large resource base For personal use only Project delivery de- risked Development JUNE 2023 | INVESTOR PRESENTATION optionality Panton hosts the perfect suite of metals to support the growing demand from manufacturers of catalytic convertors, hydrogen ele
Slide 21: In-Situ Value Per Tonne Contribution
In-Situ Value Per Tonne Contribution Mass Grade For personal use only 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 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) (%) (%) (ppm) (g/t) (Koz) (Koz) (Koz) (kt) (Kt) (Kt) (Koz) (g/t) (Koz) For personal use only 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 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