Sydney, Australia – July 22, 2024 – Pan Asia Metals Limited (ASX:PAM), recently conducted a successful site visit at the RK Lithium Project. The visit included representatives from MOU partner IRPC Public Company Limited (IRPC) and leading Chinese lepidolite processor and lithium chemical producer Yongxing Special Materials Technology Co. Ltd (Yongxing).
Highlights:
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Strategic Collaboration: PAM welcomed IRPC, a major player in the petroleum and petrochemical sectors in Thailand, and Yongxing, a top producer of lithium carbonate from lepidolite in China, for an extensive site visit.
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Project Significance: The RK Lithium Project's strategic location in Southeast Asia, particularly in Thailand, the fourth largest EV producer in East Asia, underscores its importance.
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Potential Partnerships: Discussions are ongoing with several potential strategic partners specialising in lithium chemical manufacturing, aimed at advancing the RK Lithium Project.
Managing Director, Paul Lock, commented: “It was pleasing to see the PAM team led by Chief Geologist and Technical Director Mr. David Hobby host PAM’s MOU partner IRPC and guest Yongxing at the RK Lithium Project last week. IRPC is a leading integrated petroleum and petrochemical company which focuses on the petroleum, petrochemical, and asset management segments in Thailand. Yongxing is one of leading and lowest cost producers of lithium carbonate from lepidolite in China. PAM hosted IRPC and Yongxing on a comprehensive site visit last week, focusing on the RK and BT lithium prospects, and the potential of the newly defined and rapidly advancing KT lithium prospect. The site visit demonstrates the interest PAM’s RK Lithium Project is generating and the importance of the Project’s strategic positioning in Southeast Asia and particularly Thailand, the fourth largest EV producer in East Asia.”
Site Visit Details: On July 18, 2024, PAM’s Chief Geologist and Technical Director, Mr. David Hobby, led the visit to the RK Lithium Project, which included inspections of the RK, BT, and KT Lithium Prospects. Highlights of the visit included drill core inspections from RK and BT, as well as field work results at KT. Mr. Hobby confirmed that the KT Lithium Prospect features a 1.5km long and 500m wide pegmatite swarm, which remains open along strike.
MOU with IRPC: PAM entered into a non-binding MOU with IRPC in July 2023 to evaluate the development of linked components of the lithium-ion battery supply chain in Thailand. The MOU includes the assessment of developing a lithium mining operation to produce lithium oxide concentrate, which will be converted into Li2CO3 at a facility in IRPC’s Industrial Zone in Rayong Province. Additionally, the MOU explores the potential for a Cathode Active Material (CAM) facility in IRPC’s Industrial Zone.
About us:
About Pan Asia Metals Limited
Pan Asia Metals Limited is the only publicly traded battery materials company with lithium projects in South-East Asia and South America, and with agreements with key battery and chemical producers in the Asian region to produce advanced battery chemicals.
PAM’s Asian assets are strategically located in Thailand – the largest vehicle producer in the region. With Asia accounting for more than half of the global annual vehicle production, PAM is uniquely positioned to capitalize on the soaring demand for battery minerals in the region. PAM’s South American assets are strategically located in the Atacama region of Chile, it is one of South America's largest and most strategically positioned lithium brine projects, situated at an altitude of 800-1100m with all necessary transport and energy infrastructure. It is north of Chile’s lithium chemical refining hub in Antofagasta, with access by rail and road, and only 75km from Iquique, a well-equipped coastal city with a population of 200,000, a deep water bulk and container port, and regular flights to Santiago.
PAM's dedication to producing innovative, high-value products with a minimal carbon footprint makes us an ideal partner for meeting our needs in both battery chemicals and sustainable energy. PAM is also a respected local company, with a strategy focused on developing an integrated supply chain to cost-effectively deliver relevant and in-demand products to the Li-ion battery market.
PAM is rapidly advancing its lithium projects through to feasibility and plans to expand its global lithium resource sustainably through its extensive holdings in Asia and South America.
Contact details:
Jane Morgan
Investor Relations
Jane Morgan Management
M: +61 405 555 618
E: [email protected]