Pan Asia lithium assays light path to first quarter Southern Thai mineral resource

Battery and critical metals explorer and developer Pan Asia Metals has returned positive assay results from another four drill holes at the Reung Kiet Lithium Project in southern Thailand.

Let us consider:

RKDD023: from 72.95m to 121.4m hosts 27.9m of composite mineralisation at 0.70% lithium – including 14.15m at 0.81% lithium, 590ppm tin, 117ppm tantalum, 305ppm caesium, 0.28% rubidium and 2.75% potassium from 107.25m-121.4m;
RKDD024: from 65.15m to 122.65m hosts 38.05m of composite mineralisation at 0.56% lithium – including 10.15m at 0.93% lithium, 741ppm tin, 105ppm tantalum, 309ppm caesium, 0.32% rubidium and 2.71% potassium from 112.5m to 122.65m;
RKDD025: from 19.15m to 67.4m hosts 27.75m of composite mineralisation at 0.54% lithium -including 6.45m at 0.84% lithium, 460ppm tin, 66ppm tanatlum, 307ppm caesium, 0.27% rubidium and 2.18% potassium from 28.05m to 34.5m; and
RKDD026: from 11.95m to 50.45m hosts 22.8m of composite mineralisation at 0.84% lithium – including 10.50m at 0.93% lithium, 340ppm tin, 98ppm tantalum, 455ppm caesium, 0.27% rubidium and 2.97% potassium from 35.5m to 46m.

Pan Asia says the results confirm an extensive lithium mineralised zone with robust thickness and grades in-line with other lithium mica projects in the global peer group.

Then there’s the tin, tantalum rubidium, caesium and potassium mineralisation all occuring in association with lithium, and are all potentially valuable by-products.

Drilling is ongoing, with further assay results expected shortly.

On track for mineral resource in Q1 2022

Pan Asia Metals (ASX:PAM) managing director Paul Lock says the company is very satisfied with the assay results so far.

“Our infill and extensional drilling continues to reward us with great success and the prospective zone at Reung Kiet Prospect still remains open to the north and south and at depth on many sections (they) compare favourably with the lithium mica peer group and we are on track to deliver a mineral resource in 1st Quarter 2022.”

10,000tpa lithium chemical plant a ‘realistic objective’

The company expects to determine mineral resources and exploration targets in Q1 2022, followed by a scoping study – with plans to consider initial production of up to 10,000tpa of LCE and associated by-products.

“Our drilling results suggest that a 10,000 tonne per annum lithium chemical plant is a realistic objective,” Mr Lock says.

PAM is focusing on lepidolite as a source of lithium as peer group studies indicate that lithium carbonate and lithium hydroxide projects using lepidolite as their plant feedstock have the potential to be placed at the bottom of the cost curve.

And lepidolite has also been demonstrated to have a lower carbon emission intensity than other lithium sources.

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This article was developed in collaboration with Pan Asia Metals Limited, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.