- Pan Asia (PAM) receives results for four holes, demonstrating numerous zones of lithium-tantalum mineralisation at its Reung Kiet lithium project in Thailand
- The mineralisation was defined over a strike length of one kilometre and was associated with a large pegmatite dyke and vein swarm
- The company is continuing infill and extensional drilling, with plans to drill at a prospect 10 kilometres north of Reung Kiet
- Mineral Resource and Exploration Target estimates for the project are expected in May, with a Scoping Study planned for later in the year
- Shares are trading 6.14 per cent lower today at 53.5 cents each
Pan Asia (PAM) has received results for four holes, demonstrating numerous zones of lithium-tantalum mineralisation at its Reung Kiet lithium project in Thailand.
The mineralisation was defined over a strike length of one kilometre and is associated with a large pegmatite dyke and vein swarm.
It currently remains open along strike to the north and south.
The company is continuing infill and extensional drilling, with plans to drill at a prospect 10 kilometres north of Reung Kiet.
Mineral resource and exploration target estimates for the project are expected in May, with a scoping study planned for later in the year.
“We are pleased to report that the results we are seeing continue to support our target of generating an initial mineral resource sufficient to produce at least 10,000 tonnes per annum of lithium carbonate equivalent (LCE) for at least 10 years,” Managing Director Paul Lock said.
“We are experiencing a slight delay in the approval of EPLA 2/2564 at the southern end of Reung Kiet but we have received an assurance from the DPIM that this application is progressing.”
Shares were trading 6.14 per cent lower today at 53.5 cents each at 3:43 pm AEST.