Future Metals Nl · ASX:FME
Future Metals Nl — Investor Presentation (September 2022)
24 slides from Future Metals Nl's investor presentation, Sep 20, 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 September 2022 1
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 Development optionality 6.9Moz PdEq JORC Resource1 High-grade & bulk tonnage s
Slide 4: Corporate Overview
Corporate Overview For personal use only 402.5M Shares on Issue (56M escrowed Jun 23) 22.9M Board & Management FME $50.3m 12.5c $42.5M $7.8M Performance Rights1 ASX | AIM Market Cap Share Price Enterprise Value Cash 120.4M Options Code (16 Sep 2022) (15 Sep 2022) • 104.4M Listed 10c Options (40.1M e
Slide 5: Supporting the Clean Energy Transition
For personal use only Supporting Near-term demand Medium-term demand Long-term demand the Clean for new combustion as PGM loadings per provided by increased vehicles as microchip & ICE/hybrid vehicle Energy semiconductor shortage to recover by 20231 increasing with global net zero goals2 uptake of h
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 chains 1 Russia & South Africa Platinum Palladium currently control: 10% 38%
Slide 7: Location & Infrastructure
Location & Infrastructure For personal use only A well serviced and active mining region Port Facilities Hydropower Great Northern Highway Sealed Airstrip Multiple Mining Operations 0 100 km 7
Slide 8: Mineral Resource
Mineral Resource Cross Section A Block Estimate For personal use only 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
Slide 9: Project Optionality
Project Optionality For personal use only 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 PdEq fr 96m Bulk mineralisation cut-
Slide 10: 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 11: 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 concentrate and/or Approach ▪ Test work to date demonstrates recoveries of 70-
Slide 12: 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 13: Panton Exploration Model
Panton Exploration Model For personal use only ▪ 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 Bushv
Slide 14: Keel Zone
Keel Zone For personal use only ▪ Keel position of intrusions typically loci of strongest 400m section width mineralization Main Eastern bounding fault Synclinal keel position – Main Zone ▪ Most prospective area for a significant accumulation of Ni-Cu- PGE sulphides ▪ Untested by drilling or electro
Slide 15: Basal Contact Zone
Basal Contact Zone For personal use only ▪ 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 h
Slide 16: Electromagnetic Conductors
Electromagnetic Conductors For personal use only ▪ Airborne EM flown in 2016 – did not cover the Lower Zone, most prospective for sulphides ▪ Late-time EM conductors in southern ML potentially mapping keel-hosted position ▪ Conductors in Main Zone correlate with zones of higher base metals grades An
Slide 17: 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 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 i
Slide 18: Becoming the First PGM Producer in Australia
Becoming the First PGM Producer in Australia For personal use only 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 & optimisati
Slide 19: 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 20: Why invest in Future Metals
For personal use only 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 20
Slide 21: 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 21
Slide 22: Appendix
For personal use only APPENDIX 22
Slide 23: 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 24: 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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