Pan Asia poised for Chilean government talks

Pan Asia Metals (ASX:PAM) is ‘making rapid progress in Chile’ as it looks to begin preliminary discussions with the Chilean government in February regarding its Tama Atacama Lithium Brine Project.   

Speaking to Mining.com.au, Chairman and Managing Director Paul Lock says the discussions will lay a pathway towards future production. 

“Although it is early days it is important to get the dialogue going.”

Talks have been planned after the company entered into binding option agreements to purchase 100% of the 1,200km-square Tama Atacama Project, as reported.

The $29.36 million market capitalisation company says the discussions come at a time in which Thailand’s Ministry of Industry works to speed up mining licence approvals in line with its policy to develop a comprehensive electric vehicle (EV) supply chain. 

Discussions with both geophysical service providers and drilling contractors have also begun with initial indications that equipment will be available between late January and early March. 

Meanwhile, Pan Asia notes drilling is ongoing at its Reung Kiet Lithium Project in Thailand with results expected later this week. 

Drilling is continuing in line with discussions with one of Thailand’s largest cement manufacturers on the use of concentrate and lithium carbonate equivalent (LCE) processing residues in cement manufacturing.

Pan Asia also notes discussions are scheduled to take place in late January with a leading low cost Chinese lepidolite processor on processing technology.

Lock says the company is making rapid progress at both projects but states Tama Atacama will position the company for longer term and larger volume LCE production at a very low cost.  

“PAM is making rapid progress in Chile now that binding option agreements have been executed, as well as good progress in Thailand. In Chile we have started negotiations with service providers and we expect to begin drilling in late February or early March. 

PAM is also collaborating with one of Thailand’s largest cement producers on use of concentrate and LCE processing residues in cement manufacturing, testwork is underway. 

Tama Atacama is one of the most strategically positioned lithium brine projects in South America and the surface lithium assay grades are some of the highest in the global lithium brine peer group. Like the RK Lithium Project, we are aiming for strategic positioning and low cost production. 

Tama Atacama is attracting interest and given that Chile has a Free Trade Agreement with the US, it is IRA compliant, hence we are seeing interest from both Asian and North American EV and LIB OEMs.“

Pan Asia Metals represents the only publicly listed battery materials company with lithium projects in Southeast Asia and South America. 

The company’s assets sit in Thailand — the largest vehicle producer on the continent — and in the Atacama region of Chile.

Write to Adam Drought at Mining.com.au

Images: Pan Asia Metals
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.