Future Metals Nl · ASX:FME
Future Metals Nl — Critical Minerals & Energy Investment Conference (September 2023)
21 slides from Future Metals Nl's conference presentation, Sep 20, 2023
Slide 1: Developing the Panton PGM-Ni Project
For personal use only Developing the Panton PGM-Ni Project Critical Minerals & Energy Investment Conference ASX | AIM: FME Investor Presentation | September 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
Slide 3: Future Metals: Panton PGM Project Overview
Future Metals: Panton PGM Project Overview Scoping Study being finalised; detailing a long life, low capital and high-grade PGM-Ni operation Highest grade 2.9Moz @ 3.57g/t PGM3E (or 3.2Moz PdEq @ 3.86g/t PdEq) PGM Resource within bulk resource of 6.9Moz PdEq in Australia For personal use only Re
Slide 4: Highest Grade PGM Deposit in Australia
Highest Grade PGM Deposit in Australia PGM Grade (g/t) 0.0 1.0 2.0 3.0 4.0 Panton Resource Re-estimation Currently Underway FME - Panton Chromite 1. Updated Resource Estimation will reflect low capital, high-grade 25.4Mt underground development strategy For personal use only Reef 2. Highly comparabl
Slide 5: 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 16,000 907 1,540 14,000 11,231 3,362 12,000 ICE and hybrid vehicles require 3-7g of PGM while Fuel Cell vehicles
Slide 6: 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 7: Chrome Ore Market
Chrome Ore Market Chromite Concentrate Price Chart (40-42% Cr2O3, South African) Stainless Steel Demand Driven Market Metallurgical chrome ore is the predominant form of global production (Source: International Chromium Development Association) o Metallurgical Grade (32Mt) o Chemical Grade (0.8Mt)
Slide 8: Location and Infrastructure
Location and Infrastructure A Well Serviced and Active Mining Region For personal use only Port Facilities Hydropower Multiple Mining SEPTEMBER 2023 | INVESTOR PRESENTATION Operations 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 SEPTE
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 hydromet Low impact underground sorting,separating high grade high grade concentrate with pr
Slide 11: 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 12: 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 13: Future Metals: Nickel Sulphide Exploration
Future Metals: Nickel Sulphide Exploration Significant nickel sulphide discovery potential outside the existing PGM deposit Highly Prospective Land Position East Kimberley has frontier discovery potential IGO Ltd has consolidated a 15,255km2 land position in the Kimberley region For personal use
Slide 14: 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 15: Upcoming Catalysts
Upcoming Catalysts Updated JORC MRE further demonstrating grade advantage of Panton For personal use only Scoping study detailing low capital, high-grade and long-life operation SEPTEMBER 2023 | INVESTOR PRESENTATION Discussions with potential partners to progress project Ongoing Ni-Cu sulphide expl
Slide 16: Corporate Overview
Corporate Overview 6-Month Share Price Chart | ASX and AIM FME $19.4M $0.08 $0.08 10,000,000 10,000,000 For personal use only ASX | AIM Code Market Cap $0.07 $0.07 9,000,000 9,000,000 8,000,000 8,000,000 $0.06 $0.06 4.6 cents $16.7M $2.7M 7,000,000 7,000,000 $0.05 SEPTEMBER 2023 | INVESTOR PRESENTAT
Slide 17: Why Invest in Future Metals?
High grade, and large resource base Why Invest in Future Metals? Project delivery de- For personal use only risked Panton hosts the perfect suite of metals to Development SEPTEMBER 2023 | INVESTOR PRESENTATION support the growing demand from optionality manufacturers of catalytic convertors, hydroge
Slide 18: Board & Management
Board & Management 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 19: 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 SEPTEMBER 2023 | INVESTOR PRESENTATION Total 128.9
Slide 20: 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 21: 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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