Future Metals is ready to start a new drill program at its Panton platinum group metals (PGM)-nickel project in northern Western Australia, with a diamond drill rig on site and initial targets identified.

The company has also completed a detailed archaeological and ethnographic heritage survey over areas requiring new access tracks and pads, and obtained clearance from the Traditional Owners, the Malarngowem people.

The project’s Mineral Resource Estimate is 129Mt at 1.20g/t PGM, 0.19% nickel, 0.04% copper and 154ppm cobalt (1.66g/t palladium equivalent), and includes a high-grade reef of 25Mt at 3.57g/t PGM, 0.24% nickel, 0.07% copper and 192ppm cobalt (3.86g/t palladium equivalent).

Future Metals (ASX:FME) expects drilling to run until late December 2022, weather permitting.

Generating additional drill targets

An Electromagnetic (EM) survey is now progressing across the entire Lower Zone to identify any strong conductors across the basal contact and in the Keel Zone.

“There has been a tremendous effort by the team to pull together this latest exploration program following the completion of our detailed exploration review which highlighted Panton’s prospectivity for making a Ni-Cu- PGE sulphide discovery,” MD and CEO Jardee Kininmonth said

“A number of high-quality targets have already been generated from the review of historical data and the ground EM survey currently underway, with the diamond drill rig set to start testing these in the coming days.”

Kininmonth says additional targets are expected over the coming weeks on the back of the EM survey team covering the entire basal contact and the Keel Zone, as well as from the completion of the gravity and magnetics modelling with data from the gravity survey completed last month.




This article was developed in collaboration with Future Metals Limited, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.