- Pan Asia Metals (PAM) delivers a maiden mineral resource estimate (MRE) for its wholly-owned Reung Kiet lithium project (RKLP) in southern Thailand
- The MRE shows an inferred resource of 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
- Managing Director Paul Lock says the MRE is the outcome the company was looking for, though he sees potential to increase the run-of-mine grade
- Once drilling has been completed at the RKLP, PAM will move its rigs to the Bang I Tum Prospect where the program will continue investigative drilling which began early 2021
- Shares in Pan Asia are down 7.92 per cent to trade at 46.5 cents as of 11:35 am AEST
Pan Asia Metals (PAM) has delivered a maiden mineral resource estimate (MRE) for its wholly-owned Reung Kiet lithium project (RKLP) in southern Thailand.
The MRE shows an inferred resource of 10.4 million tonnes at 0.44 per cent lithium oxide (Li2O), 0.04 per cent tin (Sn), 0.009 per cent tantalum pentoxide (T2O5), 0.16 per cent rubidium (Rb) and 0.02 per cent caesium (Ca).
The RKLP includes a fresh rock MRE of 7.2 million tonnes at 0.42 per cent Li2O, 0.04 per cent Sn, 0.009 per cent Ta2O5, 0.16 per cent Rb and 0.02 per cent Cs.
Managing Director Paul Lock said the MRE is the outcome the company was looking for, though he sees potential to increase the run-of-mine grade.
“If successful, and we see no real reason why it would not be, we would see an uplift in the head grade to the beneficiation plant, which means that we would be processing a higher grade ore than that reflected in our MRE,” he elaborated.
“Further, our metallurgical work will investigate the quantum of tin and tantalum that can be extracted during beneficiation as well as the potential for the production of industrial grade bulk materials such as feldspar and quartz.”
The company said it has continued drilling since “closing off” the data for the MRE at drill hole RKDD046 and has completed an additional 27 holes since then, expecting another 20 or more holes.
Results for drill-holes RKDD0047 onwards will be reported when available and will be incorporated into an updated MRE later in the year.
Mr Lock said once drilling has been completed at the RKLP, the company will move its drilling rigs to the Bang I Tum Prospect where the program will continue investigative drilling which commenced in early 2021.
Shares in Pan Asia were down 7.92 per cent to trade at 46.5 cents as of 11:35 am AEST.