PodcastSmallCaps Spotlight13:28

Future Metals: Keith Bowes on Panton’s two development pathways

James Whelan

James Whelan

Host

November 06, 2026
Episode Overview

James Whelan speaks with Keith Bowes, Managing Director and CEO of Future Metals (ASX: FME), about the Panton PGM project in Western Australia’s East Kimberley and the company’s assessment of two development pathways.

Bowes explains how Panton’s updated net smelter return resource model informs study work and planned infill drilling. He discusses a standalone development at Panton, the potential use of the Savannah processing facility, ongoing discussions with owner Zeta Resources, and copper exploration at the Alice Downs Corridor and Eileen Bore.

Panton’s July 2026 Mineral Resource is 82.3 million tonnes, with 40.0Mt Indicated and 42.3Mt Inferred. Mineral Resources are not Ore Reserves and do not have demonstrated economic viability. Any Savannah acquisition or use remains subject to technical studies and definitive agreements; potential cost and timing benefits are not assured. Eileen Bore’s Exploration Target is conceptual, not a Mineral Resource.

At the time of recording, management expected scoping study results by the end of November 2026 and was planning Panton infill drilling for around March or April 2027, subject to weather and the wet season. These plans and timings remain conditional.

Recorded 6 November 2026.

For more interviews, visit https://smallcaps.com.au.

This content is for information only and is not financial advice.

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About the Host
James Whelan

James Whelan

Host & Market Analyst

Episode Info
Series
SmallCaps Spotlight
Episode
#1
Duration
13:28
Published
Nov 06, 2026· 5 days ago
Format
Audio
Transcript
Available