Future Metals NL Expiry of Unlisted Options (5590Y)

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RNS Number : 5590Y

Future Metals NL

17 January 2022

17 January 2022

Future Metals NL

Expiry of Unlisted Options

Future Metals NL (ASX|AIM: FME) announces that the following unlisted options have lapsed unexercised:

 
 Number                      Exercise Price     Expiry Date 
 840,001 unlisted options       A$0.357       15 January 2022 
  over fully paid ordinary 
  shares 
                            ---------------  ---------------- 
 

Authorised for release by: Aaron Bertolatti - Finance Director

For further information, please contact :

 
 Future Metals NL                            [phone] 
 Justin Tremain                              admin @future-metals.com.au 
 
 Strand Hanson Limited (Nominated 
 Adviser)                                    [phone] 
 James Harris 
 
 W H Ireland Limited (UK Broker) 
  Harry Ansell/Katy Mitchell                 [phone] 
 
 
 

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 Panton PGM Project

The 100% owned Panton PGM project is located 60 kilometres 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 1 kilometre off the Great North Highway which accesses the Port of Wyndham (refer to Figure Two: http://www.rns-pdf.londonstockexchange.com/rns/5590Y_1-2022-1-16.pdf ).

The Panton PGM Project has a JORC Mineral Resource estimate of 14.32Mt @ 4.89g/t PGM, 0.31g/t Au and 0.27% Ni.

The Panton mineralisation occurs within a layered, differentiated mafic-ultramafic intrusion referred to as the Panton intrusive which is a 10km long and 3km wide, south-west plunging synclinal intrusion. PGM mineralisation is hosted within two stratiform chromite reefs, the Upper and Middle reefs, within the ultramafic sequence.

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 auto-catalysts (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.

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January 17, 2022 02:00 ET (07:00 GMT)