Future Metals NL announced strategic Board changes in line with the continued development of the Panton PGM Project and overall growth of the Company. Experienced board executive Mr. Patrick Walta is intended to be appointed as Executive Chairman following the Company's 2023 Annual General Meeting ("AGM"), which is to be held during November 2023. Accordingly, following the AGM, Mr. Justin Tremain will step down from the position of Non-Executive Chairman, remaining on the Board as the Senior Independent Non-Executive Director.

Patrick is a qualified metallurgist and mineral economist with experience across both technical and commercial roles within the mining and water treatment industries. In 2017 Patrick founded New Century Resources Ltd. and became Managing Director following the successful acquisition of the Century Zinc Mine in Queensland. Over the proceeding five years Patrick led the growth of the Company though feasibility, mine restart, commissioning and steady state operations.

Through this process, the Century Mine became the 13th largest zinc producer in the world. In 2023, New Century was acquired by the multinational PGM-gold producer Sibanye-Stillwater Ltd. Patrick is a graduate of Melbourne University with degrees in Chemical Engineering and Science in addition to postgraduate studies including an MBA, Masters of Science (Mineral Economics), Diploma of Project Management, and the AICD's Company Directors Course. Patrick has also been awarded the MNN Emerging Leader of the Year Award (2018) and the Young Achiever of the Year award (2015) at the Australian Mining Prospect Awards.

Future Metals also announces the resignation of current Non-Executive Director, Allan Mulligan, who will step down following the AGM to focus on his other business interests.