LONDON, UK: Future Metals NL announced that a new drill programme is set to commence imminently at its 100% owned Panton PGM-Nickel Project in northern Western Australia.

A diamond drill rig has arrived at site and initial targets have been identified from historical drilling and a ground based EM survey.

The Company has completed a detailed archaeological and ethnographic heritage survey over areas requiring new access tracks and pads, and obtained clearance from the Traditional Owners of the lands where Panton is situated, the Malarngowem people.

Several targets have been generated from both the initial ground-based EM surveys and historical drilling where high-grade base metals and sulphur have been intercepted previously. Initial pad clearing has been completed in anticipation of the drill rig’s arrival.

An EM survey is now progressing across the entire Lower Zone to identify any strong conductors across the basal contact and in the Keel Zone (Please refer to Figure Two). Data acquired from the gravity survey completed at the end of September 2022 is being modelled in combination with the existing aeromagnetic data to produce a 3D model and assist with structural interpretations at depth. This work will inform the Company’s understanding of the sub-surface architecture at Panton, aiding in generating additional drill targets. Drilling is expected to run until late December 2022, weather permitting.

Mr Jardee Kininmonth, Managing Director & CEO of Future Metals, commented: “There has been a tremendous effort by the team to pull together this latest exploration programme following the completion of our detailed exploration review which highlighted Panton’s prospectivity for making a Ni-Cu-PGE sulphide discovery. 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. 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.”