Panton

The Panton PGM Project is located 60km north of Halls Creek and just 1km off the Great Northern Highway, in the East Kimberley Region of Western Australia.

The Panton deposit is formed of high-grade chromitite reefs hosted by lower grade mineralized dunite material. The mineralized dunite increases the scale of the mineralization significantly, allowing for the estimation of a bulk-tonnage resource estimate which supports potential open-pit mining scenarios, in addition to a possible high-grade operation.

Future Metals’ 2023 Scoping Study demonstrates potential for Panton to be one of few significant primary PGM operations in the western world. The study supports a high-grade, initial 9-year combined open pit and underground operation processing both reef and dunite material through a conventional crush, grind and flotation flow sheet. The project also exhibits significant upside potential via resource growth, and potential additional by-product credits (from copper, cobalt, rhodium & iridium) as well as further mine design optimization.

Outside of the current resource, which covers 5km of strike, there is a further ~7km of mapped outcropping reefs and associated surface geochemical anomalies, which remain largely untested. The operators continue to delineate and explore for additional PGM, Ni, Cr and Cu mineralization within Elemental’s royalty area and in recently acquired exploration licences nearby.