- Pan Asia Metals (PAM) defines an exploration target for the Bang I Tum prospect, within its Reung Kiet lithium project in Thailand
- The exploration target lands between eight and 14 million tonnes with lithium oxide grades between 0.5 and 0.8 per cent
- Geological interpretation of sampling, diamond drilling, and geological observations helped to develop the target
- Pan Asia Metals has planned drilling and a metallurgical program to further test the exploration target’s potential
- Shares are trading 2.74 per cent higher at 37.5 cents each at 1:51 pm AEST
Speciality metals explorer and developer, Pan Asia Metals (PAM) has defined an exploration target for the Bang I Tum prospect, within its Reung Kiet lithium project in Thailand.
The exploration target lands between eight and 14 million tonnes with lithium oxide grades between 0.5 and 0.8 per cent in accordance with the JORC 2012 code.
In addition, grades have been estimated for tin, tantalum oxide, rubidium, caesium, and potassium.
The target was developed from the current geological interpretation of surface soil and rock-chip sampling, diamond drilling, and geological observations.
Managing Director Paul Lock said he was pleased to define the new target.
“The drilling results and subsequent mineral resource at Reung Kiet, and the fact that the Bang I Tum Exploration Target is drill supported, gives us a higher degree of confidence in the quantum of the exploration target,” he said.
The Reung Kiet Maiden Mineral Resource Estimate was announced at the end of June and comprises 10.4 million tonnes at 0.44 per cent lithium oxide, 0.04 per cent tin, 0.009 per cent tantalum pentoxide, 0.16 per cent rubidium and 0.02 per cent caesium.
Pan Asia Metals has planned further drilling in two months’ time to further test the exploration target.
Furthermore, it intends to undertake a metallurgical test work program to evaluate the potential of the mineralisation.
Shares were trading 2.74 per cent higher at 37.5 cents each at 1:51 pm AEST.