Future Metals Nl · ASX:FME
Future Metals Nl — Investor Presentation (June 2022)
21 slides from Future Metals Nl's investor presentation, Jun 21, 2022
Slide 1: Panton: A Globally Significant PGM-Ni Deposit
For personal use only PANTON A GLOBALLY SIGNIFICANT PGM-NI DEPOSIT Investor Presentation June 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 For personal use only manufacturers of catalytic convertors, hydrogen electrolysers and fuel cells, and batteries Development optionality 6.9Moz PdEq JORC Resource1 High-grade & bulk tonnage s
Slide 4: 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 contained to o Containing 5.0Moz PGM3E, 239kt Ni, and 2
Slide 5: In-Situ Value per Tonne Contribution
For personal use only In-Situ Value 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
Slide 6: 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 7: Significant Development Flexibility
Significant Development Flexibility Orebody has been remodelled, supported by fundamental improvements in PGM & Ni prices 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 in J
Slide 8: Corporate Overview
Corporate Overview For personal use only 353.8M Shares on Issue (55.3M escrowed Jun 23) 23.6M Board & Management FME $51.3m 14.5c $47.7M $3.6M Performance Rights1 ASX Market Cap Share Price Enterprise Value Cash 104.5M Options Code (14 June 2022) (31 May 2022) • 88.5M Listed 10c Options (40.1M escro
Slide 9: Supporting the Clean Energy Transition
Supporting For personal use only the Clean Near-term demand Medium-term demand Long-term demand Energy for new combustion vehicles as microchip & as PGM loadings per ICE/hybrid vehicle provided by increased Transition uptake of hydrogen semiconductor shortage increasing with global fuel cells & to r
Slide 10: 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 11: 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 11
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 • Mineralisation is associated with PGM rich outcropping chromitite reefs and surrounding dunite T
Slide 13: Exploration Potential
Exploration Potential For personal use only • 12km of outcropping mapped reef Resource remains OPEN • JORC Resource contained in just 5.1km in all directions, along • High-grade depth extensions • South western extensions of the D Zone strike and at depth • Outcropping reefs in the central and south
Slide 14: Northern Anomaly
Northern Anomaly For personal use only • Extensive zone of disseminated • Five sections of drilling spaced • Contact-style deposit with mineralisation surrounding MRE 400-800m apart across 2.5 potential to host zones of area with wide zones of shallow, kilometres of strike concentrated sulphides bul
Slide 15: Becoming the First PGM Producer in Australia
Becoming the First PGM Producer in Australia For personal use only Q2 2022 Q3 2022 Q4 2022 Exploration & Resource Estimate New Mineral Resource Exploration Review Exploration Drilling & Fieldwork Metallurgy Flotation Testwork - Sighter Flotation Testwork - Optimisation & Variability Physical Separat
Slide 16: 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 17: Contact
For personal use only CONTACT Jardee Kininmonth Managing Director and CEO jardee@future-metals.com.au T: +61 8 9480 0414 L1, 33 Richardson Street West Perth 17
Slide 18: Appendix
For personal use only APPENDIX 18
Slide 19: Metallurgical Approach
PHYSICAL SEPARATION ▪ Focus on pre-concentration & separation of feed material Product Options For personal use only ▪ Potential for chromite as additional revenue stream Metallurgical FLOTATION High-grade PGM concentrate and/or Approach ▪ Test work to date demonstrates recoveries of 70-80% and conc
Slide 20: 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) (q/t) (q/t) (q/t) (q/t) (%) (%) (ppm) (q/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 21: 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