30 August 2024 | Pan Asia Metals Limited (ASX: PAM) ("Pan Asia" or "the Company") is pleased to report recent progress made at its KT East Lithium Prospect, part of the RK Lithium Project in Southern Thailand. The latest fieldwork has significantly expanded the lithium anomalous zone, with soil sampling revealing a large pegmatite field that exhibits promising geometry for potential open-pit mining.
Highlights:
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Expansion of Anomalous Zone: Soil sampling has increased the scale of the lithium anomalous zone at KT East. The pegmatite field now covers approximately 2.1km in length and 1.5km in width, representing a substantial exploration zone.
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Favourable Geometry: The pegmatite dykes at KT East are stacked and dip moderately northwest. This geometry is considered highly amenable to open-pit mining with a low strip ratio.
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Main Zone Identified: Within the broader pegmatite field, a coherent Main Zone has been identified, measuring approximately 2.0km in length and up to 500m in width. This zone contains numerous mapped lepidolite pegmatite sub-zones, posing further potential.
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Next Steps: PAM is planning additional soil and rock-chip sampling in areas where anomalies remain open, particularly in the northwest. The Company is also considering a trenching program, which may serve as access in preparation for drilling, which is scheduled for later this year.
Paul Lock, Managing Director of Pan Asia Metals, commented: “The results from this follow up soil program reinforce KT East’s potential to add substantial LCE tonnes to the RK Lithium Project. The pegmatite field has a strike length of approx. 2.1km and width of up to 1.5km, and within this is the ‘Main Zone’ of approximately 2.0km in length and up to 500m in width, which in turn contains numerous mapped lepidolite pegmatites zones. The overall geometry suggests the project will be amenable to open pit mining with potentially very low strip ratios. This, in combination with the Project’s low cost environment, should see a low cost hard rock mining project. Further sampling and mapping in areas where anomalism remains open is planned and may be followed by a trenching program. We will also test the areas where large scale historic surface mining for tin has been undertaken. Although there is more soil and rock chip sampling to do, KT East is essentially drill ready.”
Soil and Rock-Chip Sampling Results:
The ongoing soil sampling program has yielded 329 new samples, which when combined with previous rock-chip samples, confirm the presence of a large pegmatite field at KT East.
The robust correlation between rubidium (Rb) and lithium oxide (Li₂O) from hand-held XRF analysis has been instrumental in identifying these zones, further supported by the presence of lepidolite pegmatites.
Moving Forward:
PAM will continue to focus on expanding the footprint for exploration at KT East, with plans to conduct more detailed mapping and sampling in the Main Zone area. Additionally, reconnaissance sampling is planned at KT East NW, where historic surface mining for tin has been identified alongside anomalous Rb and Li₂O results.
Paul Lock
Managing Director
+61 408 631 497
paul.lock@panasiametals.com
Dayna Louca
Investor Relations
+61 409 581 972
dayna@janemorganmanagement.com.au
About us:
ABOUT PAN ASIA METALS LIMITED (ASX:PAM)
Pan Asia Metals Limited is an ASX listed battery metals company with lithium and copper exploration and development projects located in South-East Asia and South America. PAM has 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 ICE and NEV producer in the region. PAM’s lithium project is located on the coast in Southern Thailand with all infrastructure needs satisfied to facilitate movement of lithium concentrates into Thailand’s Eastern Economic Corridor, an industrial corridor with over 20 vehicle manufactures and ancillary first and second tier suppliers which will position PAM to produce lithium chemicals cost competitively to supply the region’s soaring demand for battery minerals. PAM’s South American assets are strategically located in Chile - the lowest cost and largest lithium chemical and copper producing country in the world. PAM has one of South America's largest and most strategically positioned lithium brine projects which is situated at an altitude of 800-1100m with all necessary transport and energy infrastructure. The project 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.
PAM’s copper project is one of the most strategically placed copper projects in South America, situated 10km to the north of Codelco’s El Salvadoe Copper Mine and 100km from Enami’s El Salado oxide and sulphide copper ore processing plant (actual road distance). Codelco’s Porterillos Copper Smelter is also located 40km south of the El Salvadore mine (actual road distance).
PAM is focused on securing battery metals projects which have the potential to position PAM as a low cost producer of the metals essential for electrification – lithium and copper. PAM aims to produce high-value products with a minimal carbon footprint. PAM is also a respected local company and local employer.
To learn more, please visit: www.panasiametals.com
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au
