Pan Asia Metals (ASX:PAM) reports that Exclusive Prospecting License Application 2/2564 located immediately south of the Reung Kiet Lithium Project has been granted with license number 19/2565 (EPL 19/2565).
The company reports that EPL 19/2565 captures the extension of the pegmatite dyke swarm at the southern end of the Reung Kiet Lithium Prospect, providing Pan Asia the ability to extend the drill pattern to the south of the richest section of the lepidolite pegmatite dyke swarm.
EPL 19/2565 captures the extension of the pegmatite dyke swarm at the southern end of the Reung Kiet Lithium Prospect
In Thailand exploration licenses include drilling permissions – that is, there is no need for the company to submit a drill plan. Therefore, Pan Asia can and will start extensional drilling at the southern end of the Reung Kiet Prospect immediately.
Pan Asia is a battery and critical metals explorer and developer focused on the identification and development of projects in Asia that have the potential to position Pan Asia Metals to produce metal compounds and other value-added products that are in high demand in the region.
Pan Asia Metals currently owns two lithium projects and one tungsten project. The projects are located in Thailand, a ‘low-cost’ advanced industrial economy, and fit Pan Asia Metal’s strategy of developing downstream value-add opportunities situated in low-cost environments proximal to end market users.
Complementing Pan Asia Metal’s existing project portfolio is a target generation program which identifies desirable assets in the region.
Through the program, Pan Asia Metals has a pipeline of target opportunities which are at various stages of consideration. In the years ahead, Pan Asia Metals plans to develop its existing projects while also expanding its portfolio via targeted and value-accretive acquisitions.
Pan Asia is continuing to drill at the Reung Kiet prospect with the aim of increasing the existing Mineral Resource and upgrading from Inferred to Indicated and possibly, Measured classifications.
Images: Pan Asia Metals Ltd
