Pan Asia Metals prepares for MRE update with new drilling results from Reung Kiet Lithium Project, Thailand

Battery metals developer Pan Asia Metals (ASX:PAM) is planning to release a new Mineral Resource Estimate (MRE) in June for its Reung Kiet Lithium Project in Thailand.

The company reports the MRE update is being prepared by CSA Global and will incorporate new results recorded from drillholes RKDD095 to RKDD102 at the Reung Kiet prospect.

This upgraded MRE will help inform a Prefeasibility Study (PFS) planned for later in 2023, which will focus on using lepidolite as a source of lithium.

Pan Asia says market studies indicate that lithium carbonate and hydroxide projects using lepidolite as their plant feedstock have the potential to be placed near the bottom of the cost curve and have also demonstrated lower carbon emission intensity compared to other lithium sources.

Additionally, further drilling is planned at Reung Kiet to the south, where mineralisation remains open. Pan Asia expects this drilling to begin after reporting a maiden MRE at the Bang I Tum prospect.

The company says its drill rigs have now moved to Bang I Tum, where the existing exploration target and recently reported adjacent target zones will be evaluated. Results for these holes will be reported when available.

New assays returned from Reung Kiet include hole RKDD095 with 11.15m @ 0.95% Li2O from 48.9m, including 2.25m @ 1.39% Li2O from 57.8m; RKDD097 with 14.7m @ 0.78% Li2O from 55m, including 6m @ 0.95% Li2O from 63m; and RKDD096 with 11m @ 0.66% Li2O from 179.35m, including 7m @ 0.76% Li2O from 183m.

Pan Asia reports the results continue to support the geological model of ‘extensive’ lithium mineralisation hosted in lepidolite-rich pegmatite dyke veins and adjacent metasediments.

The company says the mineralised zone is currently defined over a strike length of more than 1km and remains open along strike to the north and south and at depth, particularly in the south.

Commenting on the results, Pan Asia Metals Managing Director Paul Lock says: “These results conclude the infill and extensional drilling program for the moment and will allow for the completion of the mineral resource upgrade at the Reung Kiet Lithium prospect, which is expected in June.

Once the mineral resource upgrade has been completed, then mining studies can commence for incorporation into the PFS and a mining licence application, which will be submitted this year”

Once the mineral resource upgrade has been completed, then mining studies can commence for incorporation into the PFS and a mining licence application, which will be submitted this year.

We are excited that drilling has connected at the Bang I Tum prospect, which could potentially have a larger inventory or higher grades than the Reung Kiet Lithium prospect based on the current exploration target.

This all bodes well given our recently reported ore sorting, beneficiation, and preliminary chemical testwork to produce lithium carbonate. We are looking forward to receiving assay results from the Bang I Tum drilling program.”

Pan Asia Metals is an ASX-listed battery metals company focused on advancing lithium projects in South-East Asia. These projects include the Reung Kiet and Kata Thong Lithium projects in Thailand. Additionally, the company holds the Khao Soon Tungsten Project, also in Thailand.

Reung Kiet is a lepidolite-style project located about 70km northeast of Phuket in the Phang Na Province of southern Thailand, covering 3 contiguous special prospecting licences (SPL) and an exclusive prospecting licence (EPL) over 40km-square.

Write to Harry Mulholland at Mining.com.au

Images: Pan Asia Metals Ltd
Written By Harry Mulholland
Hailing from the Central Coast region of NSW, Harry is a passionate journalist with a background in print, radio and ESG news. When not bashing away on his keyboard, he can be found brewing a coffee or playing with his dog.