Future Metals NL on Wednesday celebrated the start of its drill programme at the Panton North project in Western Australia.

Future Metals is a West Perth-based exploration company, focused on the Panton PGM project in Australia. The Panton project is located 60 kilometres north of Halls Creek, a town in east Kimberley.

PGMs are a group of six precious metals, being platinum, palladium, iridium, osmium, rhodium, and ruthenium.

A 2,000 metre reverse circulation drill programme has now started at Panton North, testing the BC1 and Panton West prospects. The targets are underpinned by coincident Ni-Cu-PGM anomalies across electromagnetics, magnetics, gravity, stream sediments, soil samples and rock chip samples.

Drilling at Panton West is co-funded with A$147,000 of Exploration Incentive Scheme funding support from the Western Australia state government. The licence itself is subject a farm-in agreement with Octavia Minerals Ltd.

Future Metals shares were trading 0.4% lower at 2.34 pence each in London on Wednesday morning.

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