Future Metals receives A$180,000 EIS grant for Eileen Bore drilling

Future Metals NL (ASX: $FME) has been awarded A$180,000 in funding to conduct drilling at the Eileen Bore prospect under the WA Government Exploration Incentive Scheme ('EIS'). The drill programme is anticipated to commence in Q3 2024. The Eileen Bore prospect, located within a 20km radius of the Company's 100% owned Panton Project in the East Kimberley region of Western Australia, has demonstrated open mineralisation down plunge based on 3D modelling and historical intersections reported by previous owners.

Executive Commentary on EIS Grant and Drilling Programme

The EIS grant for drilling at Eileen Bore is a significant development for Future Metals. This funding will enable us to further explore the potential of the Eileen Bore prospect and test the down plunge extension, as well as confirm adjacent near-surface economic mineralisation at Drill Targets 2 and 3. We are eager to commence the drill programme in Q3 2024 and are optimistic about the prospects of discovering additional mineralisation in this highly prospective region.

Summary of Eileen Bore Drilling and Future Plans

Future Metals has successfully secured A$180,000 in funding under the WA Government Exploration Incentive Scheme ('EIS') to conduct drilling at the Eileen Bore prospect. The drill programme, expected to commence in Q3 2024, aims to explore the open down plunge mineralisation and confirm adjacent near-surface economic mineralisation at Drill Targets 2 and 3. The Company's forward exploration plan includes drilling down plunge at Eileen Bore and testing additional unexplored targets in the highly prospective East Kimberley region. The EIS grant presents an opportunity for Future Metals to further its exploration efforts and potentially make significant discoveries in the area.