Future Metals (ASX:FME) - Aus PGM Developer Targets 2029 Production Amid Supply Gap
About this episode
Keith Bowes discusses Future Metals' strategy for the Panton PGM project amid rising prices and supply challenges.
Interview with Keith Bowes, Managing Director & CEO of Future Metals Recording date: 16th July 2026 Future Metals is advancing a revised development strategy for its Panton platinum group metals (PGM) project in Western Australia, driven by stronger platinum and palladium prices and a potential infrastructure-sharing deal that could significantly reduce capital costs. Instead of building a new processing facility, the company is evaluating the acquisition and refurbishment of the nearby Savannah nickel plant, located about 70 km from Panton. This approach could cut upfront capital expenditure from an estimated A$270 million to under A$200 million, improving the project’s economic viability. Panton hosts a substantial resource of 93 million tonnes at 1.4 grams per tonne palladium-equivalent, with a profile notably richer in platinum than most Australian PGM deposits. This platinum-heavy mix aligns more closely with high-value South African deposits and benefits from broader demand drivers, including industrial use, jewellery, and investment demand, rather than relying primarily on autocatalysts like palladium. Market conditions have improved since the project’s 2023 scoping…
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