TIDMFME
RNS Number : 6681P
Future Metals NL
21 October 2021
21 October 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM, THE UNITED STATES
OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA
OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.
Future Metals NL
Admission and First Day of Dealings on AIM
Future Metals NL ("Future Metals" or the "Company", ASX/AIM |
FME ) is pleased to announce the admission of its entire issued
share capital to trading on the AIM market of the London Stock
Exchange plc ("Admission"). Admission will take place, and dealings
in its ordinary shares of no par value ("Ordinary Shares") will
commence, at 8:00 a.m. (BST) today under the TIDM "FME" and ISIN
AU0000157745.
The Company's Ordinary Shares will continue to trade on the ASX
under the ticker "FME".
Please refer to the Company's Admission Document dated 14
October 2021, which is available on the Company's website at:
www.future-metals.com.au for further information on the Company and
its flagship PGM project.
Key Highlights
-- 100% ownership of the Panton PGM Project located in Western Australia
-- JORC Mineral Resource Estimate of 14.32Mt @ 4.89g/t PGMs (6E)
, 0.31g/t gold and 0.274% nickel
-- Strand Hanson Limited is acting as the Company's Nominated
& Financial Adviser in relation to the Admission, and the
Company has appointed W H Ireland Limited as the Company's broker
from Admission.
Greg Bandy, Chairman of Future Metals, commented :
"We are pleased that the process to have Future Metals
readmitted to trading on AIM has been completed. The Board of
Future Metals is grateful for the ongoing support from its existing
and loyal shareholders in the UK and looks forward to reporting on
the advancement of the Panton PGM Project. The Company has 100%
ownership of the Panton PGM Project which has a substantial and
high-grade JORC Mineral Resource Estimate which is incredibly
exciting for Future Metals given PGMs are in high demand."
Following Admission, Future Metals intends to advance its 100%
owned Panton PGM Project in Western Australia, comprising Mining
Leases M80/103, M80/104 and M80/105 covering an area of 23km2 (the
"Panton PGM Project").
The Panton PGM Project has a JORC (2012) Mineral Resource
Estimate of 14.3Mt at 2.19g/t platinum, 2.39g/t palladium, 0.31g/t
gold and 0.27 per cent. nickel (further details of which are set
out in the Company's Admission Document). The Company intends to
use its pre-existing cash reserves to, inter alia, implement its
exploration and development plan for the Panton PGM Project
comprising further drilling, metallurgical test work, process
design and mining, development and other technical studies.
At the same time, the Company is pleased to welcome Elizabeth
Henson to the Board as a Non-Executive Director with effect from
Admission (the disclosures required pursuant to the AIM Rules for
Companies for this appointment are set out in the Company's
Admission Document).
The Company's ISIN is AU0000157745 and the SEDOL is BL59CT1.
Total Voting Rights
The number of ordinary shares in issue, and the total voting
rights in the Company on Admission will be 348,541,184. This figure
may be used by shareholders as the denominator for the calculations
by which they determine if they are required to notify their
interest in, or a change of their interest in, the Company under
the provisions of the FCA's Disclosure Guidance and Transparency
Rules incorporated into the Company's constitution.
This announcement has been approved for release by the Board of
Future Metals NL.
For further information, please contact :
Future Metals NL +61 8 9480 0414
Greg Bandy info@future-metals.com.au
Strand Hanson Limited (Nominated & Financial
Adviser) +44 (0) 20 7409 3494
James Harris
W H Ireland Limited (UK Broker)
Harry Ansell/Katy Mitchell +44 (0) 207 220 1670
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. The Panton PGM Project has a total JORC Mineral Resource
estimate of 14.32Mt @ 4.89g/t PGM, 0.31g/t Au, 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 Top and Middle reefs, within the
ultramafic sequence.
Appendix One
Panton PGM Project JORC (2012) Mineral Resource Estimate
http://www.rns-pdf.londonstockexchange.com/rns/6681P_1-2021-10-20.pdf
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END
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