Future Metals NL announced that it has entered into a Farm-in and Joint Venture Agreement with Octava Minerals Limited's ("Octava") on its wholly owned Panton North and Copernicus North Ni-Cu-(PGE) projects in the East Kimberley region of Western Australia. The Panton North project (EL5455) contains the Panton North prospect and Panton West prospect, both of which are mineralised ultramafic intrusions. Rock chip and soil sampling at the Panton North prospect has demonstrated an anomalously mineralised (palladium-platinum-nickel-copper) area of 1.3km x 0.5km.

There has been very little prior drilling with just eight (8) shallow holes drilled (approximately 100m depth) at the Panton North prospect by Freeport (1984) and Thundelarra (2002). The northern portion of the prospect shows highly anomalous copper geochemistry in soil sampling, which is coincident with strong remnant magnetism, an indicator of pyrrhotite and therefore sulphide mineralisation. This particular area is untested by drilling.

The Panton West prospect is a 1km x 0.3km ultramafic intrusion with surface geochemistry displaying strong palladium, nickel and copper anomalism. Airborne EM flown in 2006 identified a number of conductors along Panton West which are broadly coincident with remnant magnetism anomalies. There has been no historic drilling at Panton West.

The Copernicus North project (EL5459) is located approximately 4km along strike from the Copernicus historical Ni-Cu mine, which hosted a reserve at the commencement of mining of 784,000t @ 1.1% Ni, 0.67% Cu and 0.05% Co1. This deposit was mined via open pit methods in 2007 to 2008, and again in 2014 to 2016 by Panoramic Resources Limited. The southern end of the project area hosts the Palamino prospect, which is an 800m long surface Ni-Cu geochemical anomaly (with associated surface gossanous development), hosted by a 2km long ultramafic/pyroxenite intrusive.

There has been only limited previous drilling at this prospect which confirmed the presence of pyroxenite-hosted magmatic sulphide mineralisation.