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Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock - The Market Herald
Managing Director, Paul Lock
Source: Pan Asia Metals
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  • Pan Asia Metals (PAM) has completed rig mobilisation to the Reung Kiet Lithium Project in southern Thailand
  • The Rueng Kiet Project has demonstrated potential for lithium hosted in lepidolite rich pegmatites chiefly composed of quartz, albite, lepidolite with minor cassiterite and tantalite
  • Additionally, the first hole at the highly prospective Bang I Tum prospect, a large open cut tin mine, has been collared and drilling is underway
  • Following the completion of the priority one holes at Bang I Tum, PAM intends to relocate the rig to the nearby Reung Kiet prospect to conduct additional drilling
  • This drilling will target lepidolite rich pegmatites identified in previous trenching and mapping programs
  • Pan Asia Metals is up 13.8 per cent, trading at 16.5 cents at market close

Pan Asia Metals Limited (PAM) has completed rig mobilisation to the Reung Kiet Lithium Project in southern Thailand.

The Rueng Kiet Project is one of the company’s key developments and has demonstrated potential for lithium hosted in lepidolite (lithium-bearing mineral) rich pegmatites chiefly composed of quartz, albite, lepidolite with minor cassiterite and tantalite.

Lithium can be extracted from lepidolite without the need for energy-intensive roasting, plus it offers potential by-products which are recoverable during the concentrator and processing stages.

Peer feasibility work has shown lepidolite has the potential to be one of the highest purity sources of battery-grade lithium carbonate and lithium hydroxide, as well as being one of the lowest-cost sources of lithium hydroxide on an all in sustaining cost (AISC) basis.

Additionally, the first hole at the highly prospective Bang I Tum prospect, a large open cut tin mine, has been collared and drilling is underway.

"We are excited to not only be drilling the first-ever holes at Bang I Tum but the overall potential of the Reung Kiet Lithium project," Managing Director Paul Lock said.

"PAM’s Reung Kiet Lithium Project has lepidolite style mineralization, but PAM’s drilling and trenching results to date have generally produced considerably higher Li2O grades than the Karibib “ore reserve”, and the Reung Kiet Lithium Project is in close proximity to all required processing inputs and our end markets," he added.

Following the completion of the priority one holes at Bang I Tum, PAM intends to relocate the rig to the nearby Reung Kiet prospect to conduct additional drilling that will target lepidolite rich pegmatites identified in previous trenching and mapping programs.

Results of the priority one holes at Bang I Tum prospect will be assessed and further drilling may be conducted.

Pan Asia Metals is up 13.8 per cent, trading at 16.5 cents at market close.

PAM by the numbers
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