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Future Metals NL ( (AU:FME) ) has shared an update.
Future Metals NL has successfully completed its maiden drilling program at the Eileen Bore Prospect and the adjacent Target 2 within the Alice Downs Corridor, identifying a new mineralized zone with significant copper and nickel sulphide intersections. Despite a delay in assay result publication due to quality control issues, the findings suggest a large prospective ultramafic, which may enhance the company’s operations amid current low PGM prices. The company continues to manage finances prudently while considering strategic acquisitions near its Panton Project.
More about Future Metals NL
Future Metals NL is a company operating in the mineral exploration industry, focusing on the exploration and development of copper, nickel, and platinum group metals (PGM) primarily in the East Kimberley region of Western Australia. The company is engaged in projects such as the Panton PGM Project and is exploring potential acquisition opportunities to enhance its resource portfolio.
YTD Price Performance: -17.86%
Average Trading Volume: 342,488
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.04M
See more data about FME stock on TipRanks’ Stock Analysis page.