• Appointment of new Managing Director and CEO
• Commencement of a Strategic Review of the Company's assets
• Review of Scoping Study for the Panton Nickel PGM Project
• Exploration activities within the Alice Downs Corridor

During the quarter, Future Metals NL recruited a new Managing Director, Mr. Keith Bowes, and initiated a process to refine its strategic direction with a comprehensive review of its asset portfolio and envisaged corporate structure. The exploration potential of the Alice Downs Corridor and the optionality around the nearby Savannah Plant are key parts of this review. These activities are being undertaken against a backdrop of strengthening platinum group metal (PGM) prices, renewed interest in critical minerals, and an improving market for copper and nickel. The company is reviewing the 2023 Scoping Study for its flagship Panton Nickel PGM Project, which will identify opportunities for enhancements that will be incorporated into a future updated technical study. The company is also considering an infill drill program to convert more of the Inferred Resource to Measured and Indicated status, thereby increasing the reported mine life of the project. Additionally, the company has initiated a ground electromagnetic (EM) survey in the southern portion of the Alice Downs Corridor to assist in defining future drill targets. The company has also decided to cancel its admission of ordinary shares trading on the AIM market of the London Stock Exchange, as the Board believes the cancellation will not materially nor adversely impact existing shareholders.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The company has not provided any forward-looking outlook in the announcement.