Future Metals Nl · ASX:FME
Future Metals Nl — Investor Presentation (February 2023)
22 slides from Future Metals Nl's investor presentation, Feb 14, 2023
Slide 1: Building Australia's First PGM Operation
For personal use only Building Australia’s First PGM Operation Exploring for its Next Ni-Sulphide Discovery ASX | AIM: FME Investor Presentation | February 2023
Slide 2: Disclaimer
Disclaimer For personal use only This Presentation has been prepared as a summary only and does not contain all information about The information in this announcement that relates to Exploration Results is based on, and fairly represents, Future Metals NL (“Future” or “FME” or the Company) assets an
Slide 3: Metals for a Sustainable Future
Metals for a Sustainable Future For personal use only Delivering sustainable, low-emission Platinum-Group-Metals (PGM) for the fuel cell, electrolyser and catalytic convertor industry from an eminent mining and investment jurisdiction. Project Delivery De-Risked Top Tier Extensive metallurgical test
Slide 4: Corporate Overview
Corporate Overview For personal use only BOARD OF DIRECTORS MANAGEMENT TEAM Justin Tremain (Non-Executive Chairman) Jardee Kininmonth (Managing Director and CEO) • Experienced company director with extensive expertise across the mineral • Experienced corporate finance and mining professional resourc
Slide 5: Hydrogen Applications Expected to Fuel Future PGM Demand
Hydrogen Applications Expected to Fuel Future PGM Demand For personal use only 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 3,362 12,000 11,231 ICE and hybrid vehicles require 3-7g of PGM whi
Slide 6: Supply Concentrated in Russia and South Africa
Supply Concentrated in Russia and South Africa For personal use only 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 1.2 250 1.0 200 South Africa supply
Slide 7: Location and Infrastructure
Location and Infrastructure A Well Serviced and Active Mining Region For personal use only Port Facilities Hydropower Multiple Mining FEBRUARY 2023 | INVESTOR PRESENTATION Operations Sealed Airstrip Great Northern Highway 7
Slide 8: Mineral Resource Estimate
Mineral Resource Estimate For personal use only MRE consists of high-grade reef and surrounding bulk mineralisation Cross Section A Block 129Mt @ 1.20g/t PGM3E, 0.19% Ni, Cross Section C Block and 154ppm Co (1.66g/t PdEq1) Containing 5.0Moz PGM3E, 239kt Ni, and 20kt Co (6.9Moz PdEq1) High-grade
Slide 9: Project Delivery Strategy
Project Delivery Strategy Supplying sustainable Platinum-Group-Metals from a stable mining jurisdiction For personal use only 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 g
Slide 10: Ore Sorting to Unlock Panton
Ore Sorting to Unlock Panton For personal use only Ore sorting shows high efficiency in separating high-grade chromite reef ore from waste and low grade Mitigates impact of mining dilution Improves processed head grade, reducing capex & opex ‘Cleans’ ore ahead of flotation, removing significan
Slide 11: Low-Emission PGM Production
Low-Emission PGM Production For personal use only Scoping activities underway with Lifezone, developer of a robust hydrometallurgical process purpose built High Lower capital and for processing PGM concentrates Recoveries operating costs Low electricity consumption Typically 95%+ for Pt, Capex 18%
Slide 12: Project Delivery De-Risked
Project Delivery De-Risked For personal use only Mining trial (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: Metallurgical solution in place with multiple product options, underpinned b
Slide 13: 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 14: Ni-Cu-(PGE) Sulphide Targets
Ni-Cu-(PGE) Sulphide Targets For personal use only Shallow embayment feature (BC1) identified under cover with coincident anomalies across magnetics, soils, stream sediments and drilling – nearby sulphide rich intercepts include: 19m @ 0.49% Ni, 0.28% Cu, 0.51 g/t PGE3E from 88m, incl: 3m @ 1.
Slide 15: East Kimberley JV (EKJV) - Panton North
East Kimberley JV (EKJV) - Panton North For personal use only Panton West is an Panton North prospect untested chonolith is an extension of the structure with Panton sill with a large, coincident anomalies exposed basal contact across HoistEM, position magnetics, soil Coincident remnant sample
Slide 16: Delivering Value Through Sustainable Development
Delivering Value Through Sustainable Development For personal use only Creating a positive case study for Environmental stewardship community engagement in the East Minimise impact where possible; from Kimberley exploration activities through to construction & operations Partnership with the Tra
Slide 17: Becoming the First PGM Producer in Australia
Becoming the First PGM Producer in Australia For personal use only Q1 Q2 Q3 Q4 2023 2023 2023 2023 Exploration Drilling results - deep drill hole (PS414) Down Hole Electromagnetics (DHEM) Ground truthing BC1 and EKJV prospects Drilling of BC1, DHEM conductors & EKJV prospects FEBRUARY 2023 | INVESTO
Slide 18: Corporate Overview
Corporate Overview For personal use only FME $30M ASX | AIM Code Market Cap 6-Month Share Price Chart $0.16 2.5 $0.074c $24.2M $5.8M $0.14 2.0 FEBRUARY 2023 | INVESTOR PRESENTATION $0.12 Share Price Enterprise Cash (10 Feb 2023) Value (31 Dec 2022) $0.10 Share Price ($A) 1.5 Volume (M) $0.08 1.0 $0.
Slide 19: Why Invest in Future Metals?
Why Invest For personal use only in Future Metals? High grade, and large resource base Project delivery de- risked FEBRUARY 2023 | INVESTOR PRESENTATION Development optionality Panton hosts the perfect suite of metals to support the growing demand from manufacturers of catalytic convertors, hydrogen
Slide 20: In-Situ Value Per Tonne Contribution
In-Situ Value Per Tonne Contribution For personal use only Mass Grade 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 FEBRUARY 2023 | INVESTOR PRESENTATION Total 128.9 0
Slide 21: 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) (%) (%) (ppm) (g/t) (Koz) (Koz) (Koz) (kt) (Kt) (Kt) (Koz) (g/t) (Koz) Reef Indicated 7.9 1.99 1.87 0.31 4.16 0.24 0.07 190
Slide 22: 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
Future Metals NL — Investor Presentation (February 2023) on 6ix