Future Metals (ASX: $FME) progresses Panton project towards long-life PGM operation

Future Metals NL (ASX: $FME) is making significant progress with its Panton project, positioning it to become one of the top PGM producers in the western world. The company's compelling scoping study economics underpin a high-grade deposit and long mine life, supporting reduced time-to-market and significant upside near-term drivers.

Executive Commentary on Panton Project Progress

The Panton project represents a strategic opportunity for Future Metals to establish a globally significant PGM operation. With the potential for a long mine life and low capital intensity, the project is well-positioned to capitalize on the improved PGM price environment. The scoping study economics demonstrate the project's ability to generate operating margin in all phases of the PGM price cycle, providing significant free cash flow generation potential and a potential multi-decade life. The company is committed to swiftly progressing the project, leveraging resource upgrades, regional discoveries, and the inclusion of other payable metals to drive value for shareholders.

Summary of Panton Project and Future Outlook

Future Metals' Panton project is on track to become a long-life, globally significant PGM operation, with the potential to become one of the top PGM producers in the western world. The project's compelling scoping study economics, underpinned by a high-grade deposit and long mine life, demonstrate its ability to deliver operating margin in all phases of the PGM price cycle. With significant upside opportunities, including resource upgrades, regional discoveries, and the inclusion of other payable metals, the company is focused on swiftly progressing the project to capitalize on the improved PGM price environment. Future Metals is committed to growing value for shareholders while maintaining high ESG standards and creating a positive case study for community engagement in the East Kimberley.