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Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock
Managing Director, Paul Lock
Source: Pan Asia Metals
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  • Pan Asia Metals (PAM) release lithium drill results for four holes from its Reung Kiet project in southern Thailand
  • The company found that in one hole, a zone from 72.95 metres to 121.4 metres hosted 27.9 metres of composite mineralisation at 0.70 per cent lithium oxide
  • Assay results for another four holes are due “shortly”, according to PAM, to be followed by results for an extra five holes to be announced before year-end
  • The company plans to highlight mineral resources and exploration targets at the project before the end of March 2022, with a scoping study to follow
  • PAM shares are trading grey at 46 cents a share

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.

The company found that in one hole, a zone from 72.95 metres to 121.4 metres hosted 27.9 metres of composite mineralisation at 0.70 per cent lithium oxide.

This included a 14.15-metre zone at 0.81 per cent lithium oxide, 590 parts per million (ppm) of tin, 117ppm tantalum oxide, 305ppm caesium, 0.28 per cent rubidium, and 2.75 per cent potassium from 107.25-121.4 metres.

According to the company, the lithium intersection grades are on par with other similar global lithium projects.

PAM added that tin, tantalum oxide, caesium, rubidium and potassium all have the potential to be valuable bi-products.

Assay results for another four holes are expected “shortly”, with more results from an extra five holes to be announced before year-end.

The company plans to highlight mineral resources and exploration targets at the project before the end of March 2022, with a scoping study to follow.

This project is a key asset to PAM, hosting “lepidolite/mica rich pegmatites chiefly composed of quartz, albite, lepidolite and muscovite, with minor cassiterite and tantalite as well as other accessory minerals including some rare earths”.

Previous exploration at this site includes its exploration of tin in the early 1970s.

PAM Managing Director Paul Lock said the company was “very satisfied” with the assay results it was seeing from the project so far.

“Our infill and extensional drilling continuing to reward us with great success and the prospective zone at Reung Kiet Prospect still remains open to the north and south and at depth on many sections,” Mr Lock said.

“Our drilling results suggest that a 10,000-tonne-per-annum lithium chemical plant is a
realistic objective.”

PAM shares were trading grey at 47.5 cents a share at 1:01 pm AEDT.

PAM by the numbers
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