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Future Metals NL (ASX:FME)

ALERT: Price-sensitive ASX Announcement for FME
Current share price for FME : $0.012 -0.012 (-50%)+
Announcement
Release
30 Oct 2025 9:33AM
Price at Release
$0.024
Full Release
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Summary
Future Metals NL reported its Quarterly Activities and Cashflow Report for the quarter ended 30 September 2025. The company appointed a new Managing Director, Mr. Keith Bowes, and commenced a strategic review of its assets, particularly focusing on the Panton Nickel PGM Project and the Alice Downs Corridor amidst rising platinum group metal prices. The quarterly cash flow report showed a net decrease in cash due to operational and administrative expenses, with the company holding A$3.5 million in cash at the end of the quarter. Exploration and project development expenditures amounted to A$323k, while administration and corporate costs totaled A$335k. The company finalized a A$4.2 million capital raise and initiated a ground electromagnetic survey in the Alice Downs Corridor to define future drilling targets, supported by Western Australian Government funding.
Key Points
  • Appointment of Keith Bowes as Managing Director and CEO.
  • Strategic review initiated for company assets including Panton Project.
  • Quarterly cash flow shows A$3.5 million in cash at the end of the period.
  • Exploration expenditures were A$323k, with A$335k for admin and corporate costs.
  • A$4.2 million capital raise finalized.
  • Commencement of ground EM survey in Alice Downs Corridor with government funding.
  • Panton Project identified as one of the world's highest-grade PGM deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.