REG - Future Metals NL - New Farm-In Agreement
17/01/2023 07:01
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RNS Number : 8680M Future Metals NL 17 January 2023
17 January 2023
Future Metals NL
Farm-In Agreement Over East Kimberley Ni-Cu-PGE Prospects
Highlights
§ Future Metals has more than doubled its exploration position at Panton by
securing the right to farm-in to the adjoining and highly prospective Panton
North exploration ground, along with the Copernicus North project
§ Right to earn a 70% interest in both tenements
§ Panton North contains an extension of the prospective Panton keel position
with anomalous nickel, copper and PGE grades confirmed by historic drilling
and soil & rock chip sampling
o Additional intrusion showing coincident Ni-Cu-PGE anomalism in soil samples,
and magnetic and electromagnetic ("EM") anomalies with no prior drill testing
o Panton North ground also provides contiguous land holding to the 100% owned
Panton PGM-Ni project, providing additional project development flexibility
§ Copernicus North is a highly anomalous Ni-Cu prospect along strike from the
historic Copernicus Ni-Cu mine
§ The Company's latest cash position as at 31 December 2022 was $5.79m
Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME), is
pleased to announce it has entered into a Farm-in and Joint Venture Agreement
with Octava Minerals Limited's ("Octava") on its wholly owned Panton North and
Copernicus North Ni-Cu-(PGE) projects in the East Kimberley region of Western
Australia.
Mr Jardee Kininmonth, Managing Director of Future Metals, commented:
"This joint venture farm-in arrangement significantly increases Future Metals'
exploration position in the East Kimberley thereby providing further scope, to
explore what is highly prospective ground for Ni-Cu-PGE sulphide
mineralisation. Panton North and Copernicus North have been subject to only
limited, shallow drilling despite compelling geochemical and EM anomalies.
There is a significant opportunity to apply modern geophysical techniques,
such as those being applied at Future Metals' Panton project to identify high
quality targets for economic accumulations of Ni-Cu-PGE sulphides at depth.
"The East Kimberley is a very under-explored part of Western Australia despite
the Halls Creek Orogen being prospective for emplacement of Ni-Cu-PGE sulphide
deposits. Securing prospective exploration ground enables us to apply our
exploration model more widely, increasing the likelihood of making further
economic Ni-Cu-PGE discoveries."
Figure 1 | East Kimberley Regional Map
Panton North
The Panton North project (EL5455) contains the Panton North prospect and
Panton West prospect, both of which are mineralised ultramafic intrusions.
Rock chip and soil sampling at the Panton North prospect has demonstrated an
anomalously mineralised (palladium-platinum-nickel-copper) area of 1.3km x
0.5km. There has been very little prior drilling with just eight (8) shallow
holes drilled (~100m depth) at the Panton North prospect by Freeport (1984)
and Thundelarra (2002). These holes returned anomalous intervals of PGM's,
nickel and copper, over widths of 28-80m, as set out in Table 1 below.
The northern portion of the prospect shows highly anomalous copper
geochemistry in soil sampling, which is coincident with strong remnant
magnetism, an indicator of pyrrhotite and therefore sulphide mineralisation.
This particular area is untested by drilling.
The Panton West prospect is a 1km x 0.3km ultramafic intrusion with surface
geochemistry displaying strong palladium, nickel and copper anomalism.
Airborne EM flown in 2006 identified a number of conductors along Panton West
which are broadly coincident with remnant magnetism anomalies. There has been
no historic drilling at Panton West.
Figure 2 | Panton North Project (EL5455)
Figure 3 | Panton West Prospect EM and Geochemical Anomalies
Table 1: Panton North prospect historic intercepts
Hole ID East North Hole Interval Interval Au+Pt+Pd Ni Cu Co
Depth width (3E) (g/t) (%) (%) ppm
PTRC001 378093 8039517 0-88m 0-52m 52m 0.282 0.20 0.03 125
PTRC002 378160 8039452 0-100m 0-60m 60m 0.267 0.20 0.03 127
PTRC003 378163 8039405 0-106m 0-68m 68m 0.317 0.20 0.03 122
PTRC004 378204 8039379 0-106m 12-92m 80m 0.303 0.22 0.03 134
PTRC005 377859 8039418 0-46m NSR -
PTRC006 377885 8039384 0-64m 0-28m 28m 0.206 0.18 0.02 118
PTRC007 377897 8039327 0-88m 0-52m 52m 0.233 0.21 0.03 129
PTRC008 377919 8039260 0-112m 0-72m 72m 0.319 0.22 0.03 192
Note: Drillholes inclined at -60 degrees. Intercepts calculated using a 0.1
g/t 3E (Au+Pt+Pd) lower cut-off, 2m maximum internal dilution. NSR = no
significant results. Co-ordinates are in MGA Zone 52 (GDA94).
Table 2: Panton West prospect rock sampling
Rock sample East North Au Pd Pt Au+Pt+Pd (3E) (g/t) Cu Ni
(g/t) (g/t) (g/t) (%) (%)
RX2201 374864 8038198 0.080 1.200 0.581 1.861 0.04 0.16
RX1694 374880 8038158 0.117 0.998 0.318 1.433 0.09 0.21
RX2204 374064 8038320 0.013 1.020 0.253 1.286 - 0.17
RX1699 374784 8038128 0.011 0.684 0.268 0.963 - 0.06
RX2214 375036 8038566 0.032 0.167 0.679 0.878 0.05 0.13
RX2205 375195 8038450 0.110 0.163 0.518 0.791 0.04 0.11
RX1700 374804 8038160 0.708 0.011 0.003 0.722 0.02 0.01
RX2202 374976 8038294 0.042 0.008 0.016 0.066 0.17 0.30
Note: Co-ordinates are in MGA Zone 52 (GDA94).
Copernicus North
The Copernicus North project (EL5459) is located approximately 4km along
strike from the Copernicus historical Ni-Cu mine, which hosted a reserve at
the commencement of mining of 784,000t @ 1.1% Ni, 0.67% Cu and 0.05% Co(1).
This deposit was mined via open pit methods in 2007 to 2008, and again in 2014
to 2016 by Panoramic Resources Limited.
The southern end of the project area hosts the Palamino prospect, which is an
800m long surface Ni-Cu geochemical anomaly (with associated surface gossanous
development), hosted by a 2km long ultramafic/pyroxenite intrusive. There has
been only limited previous drilling at this prospect which confirmed the
presence of pyroxenite-hosted magmatic sulphide mineralisation.
Importantly, the Copernicus mine sulphide mineralisation has been shown to
have a shallow north plunge. This shallow northerly plunge to the mineralised
system may be replicated at Palamino but has not been previously tested.
The historic information relating to Panton North and Copernicus North has
been extracted directly from Octava's Prospectus and Supplementary Prospectus
which is available on the ASX announcement platform dated 14 September 2022.
Future Metals will provide a detailed summary of the exploration activities
completed on both projects and its targeting strategy in due course.
(( 1 )) Source: Copernicus Feasibility Study, Sally Malay Mining Limited, 29
June 2007
Figure 4 | Copernicus North Project (EL5459)
East Kimberley | Halls Creek Orogenic Zone
The Halls Creek Orogen is an orogenic belt which trends north - northeast over
a distance of 120km at a width of approximately 45km. Mafic-ultramafic
intrusions are confined to the central part of the Halls Creek Orogen and
crystallised at depths of between 8-23km in a variety of forms including
sheets, basinal forms, funnels, plugs and multi-chambered bodies. A total of
60 intrusions have been recognised. This central part of the Halls Creek
Orogen is considered to be highly prospective for magmatic Ni-Cu and PGM
mineralisation given it is one of the most extensively mineralised igneous
associations in Australia.
Exploration in the region to date has been limited to shallow drilling and
airborne geophysical surveys, which have limited ability to discover deeper
accumulations of sulphide mineralisation. This is the primary reason behind
the limited number of discoveries of economic significance despite its highly
prospective geological setting, and large search space. The discoveries of
significance are Future Metals' Panton PGM-Ni project, the Savannah Ni-Cu
project and the Copernicus Ni-Cu project.
(2) Source: Hoatson and Blake, 2000
Farm-in and Joint Venture Agreement Terms
Pursuant to the terms of the farm-in arrangement, Future Metals' may earn up
to a 70% interest in both the Panton North and Copernicus Projects by sole
funding exploration expenditure of $2.0 million over 4 years, with minimum
annual cumulative expenditure of:
§ By end of Year 1 $250,000
§ By end of Year 2 $750,000
§ By end of Year 3 $1,250,000
§ By end of Year 4 $2,000,000
Future Metals may withdraw at any time subject to paying the deferred
consideration.
Octava will be required to contribute to maintain its 30% interest from the
point of a 'decision to mine' or dilute to a 1.5% net smelter royalty ("NSR").
Future will hold a pre-emptive right over the NSR.
Future Metals has the right to apply for a mining lease over a portion of
exploration lease for use as part of the development of its adjoining 100%
owned Panton PGM-Ni Project.
The joint venture agreement includes customary pre-emptive, drag along and tag
along rights.
Future Metals is required to issue 3.5 million share to Octava ($400,000 at
$0.114 cents) which will be escrowed for a period of 12 months from their date
of issue. Future is then required to make a final payment to Octava of
$200,000 in 12 months in cash or shares (at Future Metal's sole election).
The agreement is subject to the following conditions:
§ Completion of financial, legal and technical due diligence by Future Metals
on the tenements, to the absolute satisfaction of Future Metals;
§ Future Metals obtaining all necessary shareholder and regulatory approvals
required to lawfully complete the matters set out in the farm-in agreement;
§ Future Metals issuing Octava (or its nominee) the upfront consideration;
and
§ Octava delivering to Future Metals an executed escrow agreement for the
upfront consideration shares.
This announcement has been approved for release by the Board of Future Metals
NL.
For further information, please contact:
Enquiries:
Future Metals NL +61 8 9480 0414
Jardee Kininmonth info@future-metals.com.au (mailto:info@future-metals.com.au)
Strand Hanson Limited (Nominated Adviser) +44 (0) 207 409 3494
James Harris/James Bellman
Panmure Gordon (UK) Limited (UK Broker) +44 (0)207 886 2500
John Prior/Hugh Rich/Soman Thakran
White Noise Communications (Australian IR/PR) +61 400 512 109
Fiona Marshall
FlowComms (UK IR/PR) +44 (0) 789 167 7441
Sasha Sethi
Competent Person's Statement
The information in this announcement that relates to Exploration Results is
based on, and fairly represents, information compiled by Mr Shane Hibbird, who
is a Member of the Australasian Institute of Mining and Metallurgy and the
Australian Institute of Geoscientists. Mr Hibbird is the Company's Exploration
Manager and has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity he
is undertaking to qualify as a competent person as defined in the 2012 Edition
of the "Australasian Code for reporting of Exploration Results, Exploration
Targets, Mineral Resources and Ore Reserves" (JORC Code). Mr Hibbird consents
to the inclusion in this announcement of the matters based upon his
information in the form and context in which it appears.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as is forms part of United Kingdom domestic law pursuant to
the European Union (Withdrawal) Act 2018, as amended.
Notes to Editors:
About the Panton PGM-Ni Project
The 100% owned Panton PGM-Ni Project is located 60kms north of the town of
Halls Creek in the eastern Kimberly region of Western Australia, a tier one
mining jurisdiction. The project is located on three granted mining licences
and situated just 1km off the Great North Highway which accesses the Port of
Wyndham (refer to Figure Five).
PGM-Ni mineralisation occurs within a layered, differentiated mafic-ultramafic
intrusion referred to as the Panton intrusive which is a 12km long and 3km
wide, south-west plunging synclinal intrusion. PGM mineralisation is hosted
within a series of stratiform chromite reefs as well as a surrounding zone of
mineralised dunite within the ultramafic package.
Figure Five | Panton PGM Project Location
About Platinum Group Metals (PGMs)
PGMs are a group of six precious metals being Platinum (Pt), palladium (Pd),
iridium (Ir), osmium (Os), rhodium (Rh), and ruthenium (Ru).
Exceptionally rare, they have similar physical and chemical properties and
tend to occur, in varying proportions, together in the same geological
deposit. The usefulness of PGMs is determined by their unique and specific
shared chemical and physical properties.
PGMs have many desirable properties and as such have a wide variety of
applications. Most notably, they are used as autocatalysts (pollution control
devices for ICE vehicles), but are also used in jewellery, electronics,
hydrogen production / purification and in hydrogen fuel cells.
The unique properties of PGMs help convert harmful exhaust pollutant emissions
to harmless compounds, improving air quality and thereby enhancing health and
wellbeing.
Appendix 1 | JORC Code (2012) Edition Table 1
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (e.g. cut channels, random chips, on specific Surface Sampling. Historic geochemistry has included rock, soil and stream
specialised industry standard measurement tools appropriate to the minerals sampling. Companies and operators have reported this information in the WAMEX
under investigation, such as down hole gamma sondes, or handheld XRF database which has been compiled into a database for GIS use. Rock
instruments etc). These examples should not be taken as limiting the broad geochemistry has been reconnaissance in nature, and it is not known if
meaning of sampling. sampling has been representative. Soil sampling has been completed on local
grid (e.g., WMC at Copernicus North) of variable spacing and appears to be of
high quality.
Drilling. Past drilling has included RC and diamond drilling (DD) methods as
reported in the WAMEX database. This is incomplete in its nature in regards to
the nature and quality of sampling. Work appears consistent with typical
drilling methodology appropriate at the time of drilling and to have been
undertaken using industry standard practices at the time.
Include reference to measures taken to ensure sample representivity and the Measures taken by the historical tenement operators to ensure sample
appropriate calibration of any measurement tools or systems used. representivity are not known. Work by more recent tenement holders has
included location of sampling and drill hole collars using handheld GPS with
an accuracy of +/- 3m. Grid datum was UTM GDA94/WGS84, Zone 52.
Aspects of the determination of mineralisation that are Drill samples from RC and DD were collected at
Material to the Public Report. In cases where 'industry between 1m and 4m intervals. Where data has
standard' work has been done this would be relatively been supplied to WAMEX the assay determination
simple (e.g. 'reverse circulation drilling was used to obtain was by recognised assay laboratories, although
1 m samples from which 3 kg was pulverised to produce a information about assay procedures have not
30 g charge for fire assay'). In other cases more commonly been provided.
explanation may be required, such as where there is Little or no information is available on the geochemical assay techniques used
except in original laboratory reports lodged in the WAMEX system.
coarse gold that has inherent sampling problems. Unusual commodities or
mineralisation types (e.g. submarine nodules) may warrant disclosure of
detailed information.
Drilling techniques Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air Drilling utilised standard RC and DDH drilling techniques, typical for the
blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or time of completion. RC drilling utilized face sampling hammers or, in older
standard tube, depth of diamond tails, face-sampling bit or other type, work would have used open hammers with up-hole crossover sample collection
whether core is oriented and if so, by what method, etc). systems. Diamond core details are not established.
Drill sample recovery Method of recording and assessing core and chip sample recoveries and results The methodology of recording and assessing chip sample recoveries in past
assessed. drilling is not known.
Measures taken to maximise sample recovery and ensure representative nature of The measures undertaken to maximise sample recoveries in past drilling is not
the samples. known.
Whether a relationship exists between sample recovery and grade and whether From the records assessed there does not appear to be a bias in grade due to
sample bias may have occurred due to preferential loss/gain of fine/coarse due to sample recovery.
material.
Logging Whether core and chip samples have been Geological logging of past drilling has been carried out to a standard
geologically and geotechnically logged to a level of detail to support appropriate with the exploration nature of the drilling activities. No
appropriate Mineral Resource estimation, mining studies and metallurgical resources have been outlined. Drill holes were not geotechnically logged.
studies.
Whether logging is qualitative or quantitative in nature. Core (or costean, Logging was qualitative with lithology, structure, alteration, mineralisation,
channel, etc) photography. regolith, and veining being recorded at variable intervals as appropriate.
The total length and percentage of the relevant intersections logged. All past drill holes were geologically logged in their entirety to an
acceptable industry standard for their time of completion.
Sub-sampling If core, whether cut or sawn and whether quarter, half or Variable information on sampling techniques have been provided to the WAMEX
database by past explorers. Sampling techniques appears to be consistent with
techniques all core taken. industry standard methods of the time. It is not known if samples were
collected wet or dry.
and sample If non-core, whether riffled, tube sampled, rotary
split, etc
preparation and whether sampled wet or dry.
For all sample types, the nature, quality and appropriateness of the sample The sample preparation techniques used by past operators are not known.
preparation technique.
Quality control procedures adopted for all sub-sampling stages to maximize The QA/QC measures utilised in past drilling are not documented.
representivity of samples.
Measures taken to ensure that the sampling is representative of the in situ It is not known if field duplicates or second half sampling has been
material collected, including for instance results for field undertaken.
duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of the material being Assay sample sizes were generally 2.5 - 3kgs for RC drilling and are not
sampled. typically dependent on the grain size of the material. .
Quality of The nature, quality and appropriateness of the assaying assay Where information has been provided in the WAMEX reports the laboratory,
data and laboratory procedures used and whether the and sample preparation and analytical techniques appear to have been appropriate
laboratory technique is considered partial or total. for the level of exploration work being conducted and these met with industry
guidelines.
tests
For geophysical tools, spectrometers, handheld XRF instruments, etc, the Use of geophysical tools or pXRF is not recorded by past explorers.
parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc.
Nature of quality control procedures adopted (e.g. standards, blanks, No QA/QC reviews are documented
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (i.e. lack of bias) and precision have been established.
Verification of sampling and assaying The verification of significant intersections by either independent or Where significant intersections have been reported these have been verified
alternative company personnel. from the WAMEX reports.
The use of twinned holes. No twinning of drill holes has been reported.
Documentation of primary data, data entry procedures, data verification, data Drill hole logging was undertaken in the field either in digital or paper
storage (physical and electronic) protocols. format. Historical drill information has been recorded on paper with results
captured onto a GIS database.
Discuss any adjustment to assay data. No adjustment to assay data was reported.
Location of Accuracy and quality of surveys used to locate drill holes (collar and Historic drilling has often been completed using a local grid. This
down-hole surveys), trenches, mine workings and other locations used in information has been converted to GDA94 MGA zone 52. Conversion of historic
Mineral Resource estimation. local grids has been undertaken using topographic control in maps as supplied
to the WAMEX system. Later collar information has been recorded using handheld
GPS with an accuracy of +/- 3m. No down- hole surveying is reported.
data points
Specification of the grid system used. The East Kimberley Project uses the GDA94 MGA zone 52 grid system. This is
used for all co-ordinates and the base grid for all diagrams
Quality and adequacy of topographic control. For initial exploratory drilling and sampling local topographic and GPS
control is adequate. Differential GPS surveying is required for resource
estimation.
Data spacing and Data spacing for reporting of Exploration Results. The spacing of data collection appears adequate for the exploratory nature of
the work carried out.
distribution Whether the data spacing and distribution is sufficient to establish the The drilling undertaken has not demonstrated either geological or
degree of geological and grade continuity appropriate for the Mineral Resource mineralisation continuity to a stage where a Mineral Estimate can be
and Ore Reserve estimation procedure(s) and classifications applied. undertaken
Whether sample compositing has been applied. No sample compositing has been applied or recorded.
Orientation Whether the orientation of sampling achieves unbiased sampling of possible Drilling has been undertaken generally perpendicular to the strike of the
structures and the extent to which this is known, considering the deposit geology or structure. It is not known if drill orientation has resulted in
type. unbiased sampling.
of data in
relation to
geological
structure If the relationship between the drilling orientation and the orientation of No sampling bias has been inferred.
key mineralised structures is considered to have introduced a sampling bias,
this should be assessed and reported if material.
Sample security The measures taken to ensure sample security. The chain of custody and the security of samples by past explorers is not
known.
Audits or reviews The results of any audits or reviews of sampling techniques and data. There has been no auditing or reviews completed on the sampling techniques and
data other than that carried out during database compilation into digital GIS
format.
Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or The East Kimberley projects comprises two project areas - Panton North with
material issues with third parties such as joint ventures, partnerships, one tenement E80/5455 covering 25.4km2 and Copernicus North with one tenement
overriding royalties, native title interests, historical sites, wilderness or E45/5459 covering 6.4km2. Both tenements have been granted. There does not
national park and environmental settings. appear to be any material issues relating to the environmental settings or
historical site in the area.
The security of the tenure held at the time of reporting along with any known All tenements have been granted following an agreement with representatives of
impediments to obtaining a licence to operate in the area. the Native Title holders, the Kimberley Land Council.
Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. Previous exploration has been outlined in Octava Mineral Limited's prospectus
and referenced above. A detailed summary of relevant exploration activities
will be included in subsequent releases once the acquisition is complete.
Geology Deposit type, geological setting and The East Kimberley projects cover areas of the Halls Creek Orogeny where
style of mineralisation. mafic/ultramafic intrusives are present. These have a potential to host nickel
sulphide and PGM mineralisation.
Further geological information is provided in the main body of this report.
Drill hole Information A summary of all information material to the understanding of the exploration Drill hole information is described in the main body of this report. There are
results including a tabulation of the following information for all Material no documented, reported or estimated mineral resources attributed within the
drill holes: East Kimberley project tenement area. All drilling has been exploratory in
nature and neither the drill spacing nor the continuity of mineralisation has
easting and northing of the drill hole collar been adequately established to provide sufficient data to estimate a mineral
resource.
elevation or RL (Reduced Level - elevation above sea level in metres) of the
drill hole collar
dip and azimuth of the hole
down hole length and interception depth hole length.
If the exclusion of this information is justified on the basis that the The existing drill hole data is indicative only and therefore not material. No
information is not Material and this exclusion does not detract from the exclusion of information has been carried out.
understanding of the report, the Competent Person should clearly explain why
this is the case.
Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum No averaging techniques have been used.
and/or minimum grade truncations (eg cutting of high grades) and cut-off
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths of high grade results and No aggregating of data is recorded as being undertaken
longer lengths of low grade results, the procedure used for such aggregation
should be stated and some typical examples of such aggregations should be
shown in detail.
The assumptions used for any reporting of metal equivalent values should be There has been no reporting of metal equivalence.
clearly stated.
Relationship between These relationships are particularly important in the reporting of Exploration The only results reported from the drilling data are down hole intercepts.
Results.
mineralisation widths and If the geometry of the mineralisation with respect to the drill hole angle is For all prospect areas the geometry of
known, its nature should be reported. mineralisation remains undefined
intercept
lengths If it is not known and only the down hole lengths are reported, there should True width is not known.
be a clear statement to this effect (eg 'down hole length, true width not
known').
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts Projects are at an exploration stage and no significant discovery has been
should be included for any significant discovery being reported These should outlined. Appropriate maps are contained within the main bulk of this report
include, but not be limited to a plan view of drill hole collar locations and to reflect this early stage of exploration activity.
appropriate sectional views.
Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, All relevant and significant exploration results have been reported.
representative reporting of both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration Results.
Other substantive exploration data Other exploration data, if meaningful and material, should be reported Exploration data within the East Kimberley project areas has been reported
including (but not limited to): geological observations; geophysical survey within the main body of this report. The projects are still in the early stage
results; geochemical survey results; bulk samples - size and method of of exploration and a number of prospects have been identified and their
treatment; metallurgical test results; bulk density, groundwater, geotechnical mineralisation potential remains unresolved.
and rock characteristics; potential deleterious or contaminating substances.
Further work The nature and scale of planned further work (eg tests for lateral extensions The past company exploration results indicate an unresolved potential at
or depth extensions or large-scale step- out drilling). prospect areas which will be reassessed using modern exploration methods in
the exploration programs proposed by Future Metals NL. It is anticipated work
by Future Metals NL will identify additional areas that warrant exploration
evaluation. The scope of future exploration has been outlined in the main body
of this report.
Diagrams clearly highlighting the areas of possible extensions, including the Diagrams are included in the main body of this report to highlight exploration
main geological interpretations and future drilling areas, provided this prospectivity within the project areas.
information is not commercially sensitive.
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