Elemental acquired a 0.5% NSR royalty on the Panton Sill project in Feb 2017. Annual revenues cannot be estimated as the project is at a feasibility stage.

The Panton Sill project was purchased by Panoramic Resources Ltd (ASX: PAN) from Platinum Australia Limited in 2012, after which Future Metals NL (ASX: FME) acquired the project in June 2021. Panton is located is located about 60km north of Halls Creek, adjacent to the Great Northern Highway in the East Kimberley region of Western Australia. The project has a Resource of 14.3Mt at 2.19g/t Pt, 2.39g/t Pd, 0.31g/t Au (~2Moz contained Pt+Pd) and consists of high grade platinum and palladium mineralisation within a number of stratiform reefs.

The Panton intrusive is a layered mafic to ultramafic body that has been folded into a south westerly plunging structure some 10km long and 3km wide with high grade PGM mineralisation hosted within a number of stratiform chromite reefs within the sequence.

It is estimated that production will begin in 2020-25, with 600ktpa of ore produced for 12yrs, resulting in annual metal production of 83kOz for three metals.

Exploration Potential

Sustained palladium price increases have increased the value of the Panton ore, leading the previous operator, Panoramic Resources Ltd, to fund investigations of processing options, as well as considering sorting technologies to better obtain value from the chromite.

For further information please visit the Future Metals website.

Latest News