Pan Asia Metals (ASX:PAM) has secured a third series of exploration concessions totalling 244km-square for its Tama Atacama Lithium Project in Chile.
The concessions have been granted at the Dolores North, Pozon, and Ramatidas lithium prospects, which sit to the north and south of the Pink lithium prospect, as part of Tama Atacama.
Pan Asia reports the concessions fall within option agreements one and two and bring the total area under granted exploration concessions to 630km-square.
A further 23km-square of concessions have been granted at the Ramatidas lithium prospect and are part of the 400km-square target lithium brine and clay blocks.
The blocks comprise the southern half of Ramatidas and the Powerline blocks, which remain under a memorandum of understanding (MoU).
The Ramatidas and Powerline blocks are currently under review and consideration and, if progressed, will form part of Tama Atacama.
Meanwhile, discussions with geophysics and drilling service providers are ongoing with plans to begin drilling on granted licence areas at the Pink prospect early this year, as reported by Mining.com.au.
Drilling is being designed to identify lithium-bearing aquifers at depth and, once identified, Pan Asia will undertake detailed drilling in anticipation of defining an initial resource later in 2024.
Pan Asia Metals is a battery minerals company with lithium projects in Southeast Asia and South America, as well as agreements with key battery and chemical producers in the Asia region to produce advanced battery chemicals.
The company’s Tama Atacama project sits in the Atacama region of Chile about 40km from the coast and 75km from the township of Iquique.
Write to Adam Drought at Mining.com.au
Images: Pan Asia Metals
