Future Metals Nl · ASX:FME
Future Metals Nl — Investor Presentation (June 2021)
22 slides from Future Metals Nl's investor presentation, Jun 22, 2021
Slide 1: Panton PGM Project, Western Australia
Panton PGM Project, Western Australia One of Australia’s Largest and Highest Grade PGM Projects A Globally Significant PGM Deposit in Tier One Jurisdiction ASX Code |‘FME’ 2.4Moz @ 5.2g/t PGM & Au1 June 2021 @_futuremetals www.future-metals.com.au 1 Refer @ _Appendix F u t u r e M eOne tals www.futu
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared as a summary only and does not contain all information about Future Metals NL (“FME” or the “Company”) assets and liabilities, financial position and performance, profits and losses, prospects and rights and liabilities. The information in this Presenta
Slide 3: Investment Highlights
Investment Highlights ▪ 100% ownership of the Panton PGM Project in Western Australia ▪ Panton JORC Mineral Resource Estimate1 o 14.32Mt @ 5.20g/t PGM & Gold (plus 0.27% Ni and 213ppm Co) o 2.4Moz contained PGM’s & Gold o Palladium dominant (~50% of contained ounces) with full suite of PGMs, gold an
Slide 4: Board & Management
Board & Management Greg Bandy Justin Tremain Allan Mulligan Aaron Bertolatti Robert Mosig Mick McMullen Shane Hibbird Chairman Corporate Director Technical Director Finance Director Non-executive Director Advisor Exploration Manager Mining Engineer Accountant Geologist Corporate & Operational Geolog
Slide 5: Tier One Jurisdiction & Infrastructure
Tier One Jurisdiction & Infrastructure ▪ Three granted Mining Leases ▪ Located in ‘Tier One’ mining jurisdiction of Western Australia ▪ 1km off Great Northern Hwy and 60kms north of Halls Creek town ▪ Export facilities at Port of Wyndham ▪ Previous flora & fauna surveys completed ▪ Previous BFS comp
Slide 6: Panton Project History
Panton Project History @_FutureMetals www.future-metals.com.au 6
Slide 7: Panton Geology
Panton Geology ▪ Layered, differentiated mafic-ultramafic intrusion ▪ Analogous to the South Africa Bushveld deposits ▪ 10km long, 2.5km wide and 1.7km thick ▪ Folded into a south-westerly plunging synclinal structure with extensive cross faulting ▪ Mineralisation is associated with PGM rich outcrop
Slide 8: Panton JORC Mineral Resource
Panton JORC Mineral Resource Grade Contained ▪ 14.3Mt at 5.2g/t PGM & gold for 2.4Moz1 PGM Au Ni Cu Co PGM Ni Tonnage Includes high grade Top Reef of: (Mt) (g/t) (g/t) (%) (%) (ppm) (‘000oz) (t) o 10Mt at 6.13g/t PGM & gold for 2.0Moz1 Top Reef ▪ Additional nickel, cobalt and copper mineralisation M
Slide 9: Metallurgical Breakthrough
Metallurgical Breakthrough >80% PGM Recovery ▪ Recent metallurgical test work by Panoramic focused on producing a saleable bulk concentrate with >200g/t PGM’s whilst maximising recoveries. >80% PGM Recovery at ▪ Test work at primary grind of P80 ~38um achieved: >250g/t PGM o 82% flotation recoveries
Slide 10: Panton PGM Prill Split | Palladium Dominant
Panton PGM Prill Split | Palladium Dominant Panton Indicative PGM Basket Price by Resource Grade is ~US$2,365/ounce1 Panton PGM Split By PGM Price1 Panton PGM Split By Resource Grade Ru 1% Au 5% Rh 1% Ru 2% Au 6% Ir 1% Rh 13% Pt 22% Os 1% Pt 42% Ir 3% Pd 46% Pd 56% 1 PGM Prices at 1 June 2021 (Pd: U
Slide 11: Panton PGM Prill Price
Panton PGM Prill Price Panton Indicative PGM Resource Basket Price History 2012 BFS 2003 BFS June 20211 Review 2,800 2,600 Palladium US$200/oz US$800/oz US$2,855/oz 2,400 June 2021 Price US$2,365/oz 2,200 Platinum US$700/oz US$1,800/oz US$1,198/oz 2,000 1,800 US$/OZ Rh2 - - US$25,500/oz 1,600 Ru2 -
Slide 12: Exploration Potential
Exploration Potential ▪ Resource remains OPEN in all directions, along strike and at depth ▪ Additional outcropping reefs ▪ High-grade depth extensions ▪ South western extensions of the D Zone ▪ The fault displaced high grade portions of the C Zone ▪ Outcropping reefs in the central and south wester
Slide 13: Resource Growth
Resource Growth High Grade Plunge ▪ High-grade south-west plunge ‘OPEN’ ▪ Deepest holes targeting this high grade zone returned: ▪ 8m @ 4g/t PGM ▪ 6.2m @ 7.1g/t PGM ▪ Step-out drilling to target high-grade resource growth Exploration Model @_FutureMetals www.future-metals.com.au 13
Slide 14: Exploration Potential
Exploration Potential Compelling Soil Geochemistry ▪ 12km of outcropping mapped reef ▪ Resource is contained within ~3.5km ▪ Remaining 8.5km remains relatively untested o T1 Target | >2km strong coherent anomaly parallel o T2 Target | prospective for ‘Merensky- style’ mineralisation o T3 Target | ex
Slide 15: Capital Structure
Capital Structure Capital Structure Share Price! 10 cents Existing Issued Shares (tradeable) 298.5 million Shareholders Issued Shares (escrowed)2 50.0 million 21% Equity Raising Total Shares on Issue 348.5 million 29% Market Capitalisation $35 million Vendors Expected Cash Upon Listing3 $8 million (
Slide 16: Peer Market Values
Peer Market Values $2.7B $474M Potential for substantial re-rating $171M $149M $92M $57m $54m $41m $35m $34m EV Mkt Cap Source: Company Listing ASX TSX ASX TSX TSX TSX TSX TSX ASX TSX Presentations. Based on share prices 15 June Project Location Aust South Aust Canada Finland Canada South Canada Aus
Slide 17: Peer Grades and Values
Peer Grades and Values Standout Grade in Tier One Location 5.0 4.5 Value Re-rating Potential 4.0 Eastern Platinum 3.5 Platinum Group Metals Resource Grade (Pt + Pd g/t) 3.0 2.5 2.0 Clean Air Metals Podium Minerals 1.5 New Age Metals Generation Mining Palladium One 1.0 0.5 *Bubble Size = Resource Oun
Slide 18: Panton Timing | Record PGM Prices
Panton Timing | Record PGM Prices Q3-CY2021 Q4-CY2021 Q1-CY2022 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Corporate Recommencement ASX trading Readmission of AIM listing Panton PGM Project 10,000m drilling program Ongoing Drilling Results Metallurgical test work Feasibility Studies @_FutureMetals www.
Slide 19: PGM Market
PGM Market Palladium price at record levels 3 Year Palladium & Platinum Price (from June 2018) ▪ Unique properties of PGMs are able to neutralise harmful gases ▪ 85-90% of PGM production sourced from South Africa, Zimbabwe and Russia, which have experienced supply interruptions ▪ Increased palladium
Slide 20: Investment Summary
Investment Summary Highest grade PGM deposit in JORC Resource estimate of 2.4Moz Australia with substantial resource PGM + Au at 5.2g/t1 10,000m drilling program to target Tier One location with granted mining JORC Resource extensions leases adjacent to highway accessing port facilities Advanced pro
Slide 21: Justin Tremain
Justin Tremain Director @_futuremetals T: +61 (0) 401 789 944 E: justin@future-metals.com.au www.future-metals.com.au @_FutureMetals www.future-metals.com.au 21
Slide 22: Appendix One | Panton JORC Mineral Resource
Appendix One | Panton JORC Mineral Resource Mt Pt Pd Au Rh Os Ir Ru PGM+Au PGMs Ni Cu Co g/t g/t g/t g/t g/t g/t g/t g/t Moz % % ppm Top Reef Measured 4.40 2.46 2.83 0.42 0.057 0.074 0.054 0.118 6.00 0.85 0.28% 0.08% 209 Indicated 4.13 2.73 3.21 0.38 0.061 0.081 0.058 0.126 6.64 0.88 0.31% 0.09% 232