Future Metals NL has defined an initial Exploration Target of 12Mt to 15Mt grading 0.35% to 0.45% copper, 0.15% to 0.22% nickel, and 0.10 to 0.15 g/t gold, representing 74,900 to 128,300 tonnes of contained copper-equivalent metal at the Eileen Bore prospect in Western Australia.

The conceptual tonnage range covers the central portion of the prospect, known as Eileen Bore Main, within the company’s Alice Downs Corridor tenements in the East Kimberley region. The target is supported by an indicative 4.60 million tonnes of modelled mineralisation within the drill-tested area, grading 0.43% copper, 0.20% nickel, and 0.14 g/t gold.

The company completed a four-hole diamond drilling program totaling 1,195 metres in 2024 following its acquisition of the project, which confirmed mineralisation continuity at Eileen Bore Main. The potential quantity and grade remain conceptual in nature, with insufficient exploration completed to estimate a Mineral Resource.

Future Metals has scheduled step-out and down-dip drilling for calendar year 2027 to test the maiden target and expand the mineralised footprint.

“This result adds meaningful copper, nickel and gold exposure to the Company's exploration portfolio and highlights the broader potential of the Alice Downs Corridor. This gives additional commodity and exploration optionality over time, while our primary focus remains on advancing the Panton PGM Project towards development.” — Keith Bowes, Managing Director

The Alice Downs Corridor tenements sit approximately 12 kilometres north-east of the company's flagship Panton PGM Project, where Future Metals reported an updated Mineral Resource Estimate of 82.3Mt at 1.6 g/t PtEq for 4.24Moz of contained metal in July 2026. Future Metals also executed a memorandum of understanding with Zeta Resources in April 2025 to assess processing Eileen Bore and Panton ores at the Savannah Nickel Mine processing plant.

“Importantly, this maiden Exploration Target relates solely to Eileen Bore Main and represents only a small portion of the broader Alice Downs Corridor. Our work has identified a number of additional areas across the Corridor, including coincident gravity, chargeability and electromagnetic anomalies that warrant further exploration. The team believes systematic exploration of these could identify additional mineralisation and build on the opportunity already demonstrated at Eileen Bore.” — Keith Bowes, Managing Director

Systematic exploration across these additional regional targets is expected to guide further drilling activity outside the Eileen Bore Main deposit.

Read the full announcement: Initial Copper Exploration Target defined at Eileen Bore