David TaskerDavid Tasker• 3rd+• 3rd+Managing Director at Chapter...

David TaskerDavid Tasker• 3rd+• 3rd+Managing Director at Chapter One AdvisorsManaging Director at Chapter One Advisors

1w •

While platinum and palladium prices are trading at cyclical lows, Future Metals NL says it will be ready when prices eventually recover.
https://www.linkedin.com/feed/update/urn:li:activity:7168852438194503681/

While platinum and palladium prices are trading at cyclical lows, Future Metals NL says it will be ready when prices eventually recover.

Writing for The Pick Magazine, Kristie Batten notes Future Metals owns the Panton project in Western Australia’s Kimberley region, which has a resource of 92.9 million tonnes at 2 grams per tonne palladium equivalent for 6 million ounces of contained palladium equivalent.

Its current operational plan is based on a resource of 37.2Mt at 3.3g/t palladium equivalent for 3.9Moz, including a high-grade component of 10.8Mt at 7g/t palladium equivalent for 2.4Moz.

“You simply do not find grades this big in the Western world,” Future Metals executive chairman Patrick Walta told the RIU Explorers Conference in Fremantle.

“That grade … is massive and it affords us a lot of flexibility and the ability to get a big operation up and running in a tier one jurisdiction.”

There has already been more than A$50 million spent at Panton, including a 500m decline, which Walta said shortened the time frame to production.

Read the full article here:
https://lnkd.in/dykxEg3X