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Future Metals NL (ASX:FME)

ALERT: Price-sensitive ASX Announcement for FME
Current share price for FME : $0.013 -0.007 (-35%)+
Announcement
Release
30 Apr 2026 9:33AM
Price at Release
$0.020
Full Release
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Summary
Future Metals NL released its Quarterly Activities and Cash Flow Report for the quarter ending 31 March 2026. Significant progress was made on the Panton PGM Project, including an independent engineering assessment of the Savannah Plant, which identified substantial capital savings compared to previous studies. Personnel changes were announced with new appointments aimed at enhancing exploration and technical capabilities. Key projects include an updated Mineral Resource Estimate, environmental and permitting work for the Panton mine, and exploration activities in the Alice Downs Corridor. Financially, the company reported a cash balance of approximately A$2.1 million at the end of the quarter, with significant expenditures on exploration and corporate costs. The Panton Project remains a high-priority focus, with potential for significant PGM production.
Key Points
  • Independent engineering assessment of Savannah Plant completed, identifying around A$74 million in capital savings.
  • Personnel changes include the appointment of Kelsey Crook as Exploration Manager and David Hutton as Technical Advisor.
  • Updated Mineral Resource Estimate work commenced.
  • Environmental and permitting requirements for Panton defined with ongoing work programs.
  • Exploration activities in the Alice Downs Corridor progressed.
  • Company reported a cash balance of A$2.1 million at the end of the quarter.
  • Significant expenditures on exploration and corporate costs noted.
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.