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PAM - Pan Asia Metals

Discussion in 'Stocks I-P' started by System, Jul 21, 2020.

  1. System

    System Administrator

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    Pan Asia Metals Limited (PAM) is a South East Asian focused minerals exploration and development company with tungsten and lithium projects located in southern Thailand.

    The Company is specifically focused on South East Asia for both geological and economic reasons. Their projects are located in the South East Asian Tin-Tungsten Belt, which extends from Myanmar in the north through Thailand and Peninsular Malaysia to the Tin Islands in the South. This belt appeals due to the occurrence of a suite of specialty metals associated with granite related tin, tungsten, lithium, tantalum, niobium, rubidium, cesium, rare earths and other rare metals – including kaolin clay. This belt, which contains some of the largest historical tin producing districts in the world, specifically in Southern Thailand and much of Peninsula Malaysia, has experienced very limited modern exploration.

    Pan Asia has a 100% interest in four projects, consisting of two tungsten project areas and two lithium project areas. Three of these four projects fit Pan Asia's strategy of downstream value-adding development opportunities located in low cost environments proximal to end market users.

    Listed in order of priority Pan Asia's projects are:

    (i) Khao Soon Tungsten Project (Khao Soon, Thailand, 100%, High Priority)

    Khao Soon is a significant historical producer. Modern exploration has discovered, potentially world class, district scale tungsten mineralisation across numerous prospects. Reconnaissance diamond drilling by Pan Asia has intersected robust widths and grades associated with strong surface anomalies, from which Exploration Targets have been estimated. The Company is planning additional drilling to support Mineral Resource estimation. Exploration drilling will also test other targets including numerous geophysical anomalies.

    (ii) Reung Kiet Lithium Project (Reung Kiet, Thailand, 100%, High Priority)

    Reung Kiet is situated in a region of previous large-scale tin mining. Lithium mineralization occurs in association with some of these mined areas. Exploration by the Company has discovered lepidolite (lithium-rich mica) occurring in pegmatites over a combined strike length of 2.5km. Soil, rock-chip and trench sampling have generally defined consistent high grades across good widths. Initial diamond drilling by the Company has also resulted in some encouraging intersections. Several prospects are planned for immediate drilling. Metallurgical test work has begun and initial test results were very positive.

    (iii) Bang Now Lithium Project (Bang Now, Thailand, 100%, Medium Priority)

    Bang Now is also a historical mining area where lepidolite-rich pegmatites were mined for tin. Exploration of this project area is at an early stage with work to date having defined potential for a lithium rich pegmatite dyke swarm around 2km long and 400m wide, with individual dykes up to 2m wide. Rock chip sampling indicates consistent high lithium grades within numerous narrow dykes. Further mapping and sampling is required prior to drill targeting.

    (iv) Minter Tungsten Project (Minter, Australia, 100%, Medium Priority)

    Minter is located in central NSW, Australia. Past explorers have defined broad areas of elevated tungsten in soil sampling and mostly shallow follow-up drilling. More recent diamond drilling and mapping would indicate that all drilling has been very poorly oriented to adequately test the mineralisation. Pan Asia plans to conduct appropriately directed drilling. Whilst Minter does not directly fit Pan Asia's strategy we see it as a potential source of tungsten concentrate to feed future SE Asian based downstream processing operations.

    It is anticipated that PAM will list on the ASX during September 2020.

    https://panasiametals.com
     
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