InvestSMART

Future Metals NL (ASX:FME)

ALERT: Price-sensitive ASX Announcement for FME
Current share price for FME : $0.016 -0.01 (-38%)+
Announcement
Release
15 Dec 2025 8:52AM
Price at Release
$0.025
Full Release
download
Summary
Future Metals NL has announced a substantial upgrade to its Mineral Resource Estimate (MRE) for the Panton PGM-Ni-Cr Project, located in the eastern Kimberley region of Western Australia. The revised MRE now stands at 92.9 million tonnes with 1.5g/t PGM3E, 0.20% Ni, and 3.1% Cr203, which translates to 4.5 million ounces of contained PGM3E, 185,000 tonnes of nickel, and 2.8 million tonnes of chromite, equating to a 6.0 million ounces PdEq. The resource is categorized across three units: the Reef, High-Grade Dunite, and Bulk Dunite. The company plans to enhance its strategic planning by focusing on value-add work programs, including potential utilization of the existing Savannah processing facility to mitigate initial capital expenditures. Additionally, Future Metals is undertaking infill drilling to convert more inferred resources into measured and indicated categories, and is also exploring the potential of rhodium in the Panton ore body.
Key Points
  • Substantial upgrade to Panton Project's Mineral Resource Estimate.
  • New MRE: 92.9Mt @ 1.5g/t PGM3E, 0.20% Ni, 3.1% Cr203.
  • Contained metal: 4.5Moz PGM3E, 185kt Ni, 2.8Mt Cr203.
  • Plans to utilize existing Savannah processing facility.
  • Focus on strategic planning to add value through work programs.
  • Infill drilling to convert inferred resources to measured and indicated.
  • Exploration of rhodium potential in Panton ore body.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.