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Octava Minerals and Future Metals have entered into an agreement providing Future Metals with a right to earn up to 70% interest in the Panton North and Copernicus North tenements, with Octava free-carried through to a decision to mine, by sole funding a minimum of A$2m of exploration and development over the next four years.
Octava will also receive approximately $600,000 in Future Metals shares.
Future Metals are advancing their 100% owned flagship Panton Ni-Cu-PGM Project immediately to the south which has a current JORC Mineral Resource of 5.0Moz palladium, platinum and gold (“PGM3E”) and 238kt Ni.