• Updated MRE of 82.3 Mt at 1.6 g/t PtEq for 4.24Moz
• Transitioned reporting from PdEq to PtEq
• Supported by open pit and underground optimisation
• High-grade PGE3E Mineral Resources in Australia
• Specific infill drilling program to target increased Indicated resources

Future Metals NL has announced an updated Mineral Resource Estimate (MRE) for its flagship Panton PGM Project, located in the Kimberley region of Western Australia. The updated MRE, reported in Platinum Equivalent (PtEq), stands at 82.3 million tonnes (Mt) at 1.6 grams per tonne (g/t) PtEq for 4.24 million ounces (Moz) PtEq, comprising 40.0 Mt Indicated (2.06 Moz PtEq) and 42.3 Mt Inferred (2.18 Moz PtEq). The MRE is underpinned by Net Smelter Returns (NSR) and independent mine optimization by Cube Consulting. The updated MRE demonstrates Reasonable Prospects for Eventual Economic Extraction (RPEEE) through rigorous pit-shell optimization and underground mineable-shape analysis. The updated MRE also transitions from reporting Palladium Equivalent (PdEq) to PtEq, aligning with industry practices and reflecting platinum as the key value driver. The project is poised for further development with an updated Scoping Study and potential offtake partnerships.

Updated MRE of 82.3 Mt at 1.6 g/t PtEq for 4.24 Moz PtEq

Future Metals plans to initiate a refreshed Scoping Study, conduct environmental studies, and engage with potential offtake partners.