Future Metals NL Expiry of Unlisted Options (5590Y)
17 January 2022 - 6:00PM
UK Regulatory
TIDMFME
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 +61 8 9480 0414
Justin Tremain admin @future-metals.com.au
Strand Hanson Limited (Nominated
Adviser) +44 (0) 20 7409 3494
James Harris
W H Ireland Limited (UK Broker)
Harry Ansell/Katy Mitchell +44 (0) 207 220 1670
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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END
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