Future Metals NL (ASX:FME)

ALERT: Price-sensitive ASX Announcement for FME

Current share price for FME : $0.012 -0.027 (-69.23%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

28 Jan 2026 9:47AM

Price at Release

$0.039

Full Release

Summary

Future Metals NL has released its Quarterly Activities and Cashflow Report for the period ending 31 December 2025. The company has identified strategic work programs for 2026, including an engineering review of the Savannah nickel concentrator and updating the Panton Mineral Resource Estimate. The report highlights management changes, including the appointment of Kelsey Crook as Exploration Manager and David Hutton as Technical Advisor. The company's cash balance at the end of the quarter stood at approximately A$2.8 million, with notable expenditures including A$151k on exploration and project development. Future Metals NL has also cancelled its AIM Market trading to reduce administrative costs.

Key Points

Future Metals NL completed strategic planning and identified work programs for 2026.
An engineering review of the Savannah nickel concentrator is planned.
Re-assaying of historical core and updating the Panton Mineral Resource Estimate (MRE) for rhodium value-add potential.
Target generation within Alice Downs Corridor for potential copper-nickel-PGM mineralisation.
Appointment of Kelsey Crook as Exploration Manager and David Hutton as Technical Advisor.
Cancellation of trading on the AIM Market to reduce costs.
PGM prices have increased significantly over the past 12 months.
The company ended the quarter with approximately A$2.8 million in cash.
Quarterly exploration and project development expenditure was approximately A$151k.

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.