Pan Asia Metals’ Reung Kiet Lithium Project continues to shine with additional lithium assays
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The Reung Kiet Lithium Project is one of the company’s main assets where it hopes to define a mineral resource by the first quarter of 2022.
Pan Asia Metals’ Reung Kiet Lithium Project in southern Thailand continues to shine on the back of recent drilling results.
Key results include:
These results come after assays for four holes (RKDD023-026) were released on December 3, where drilling confirmed an extensive lithium mineralised zone with robust thickness and grades in line with other lithium mica projects in the global peer group.
Drilling is continuing at the project ahead of further assays for for four more holes (RKDD031-035), which are expected by the end of the year.
Pan Asia Metals (ASX:PAM) says the new results continue to support the geological model of extensive lithium hosted in lepidolite rich pegmatite dyke veins and adjacent metasediments.
Managing director Paul Lock said the company remains on track to deliver a mineral resource by Q1, 2022.
“Our drilling results suggest that a 10,000 tonne per annum lithium chemical plant is a realistic objective.
“Once delivered we of course will be seeking to expand on this with further targets identified in the Reung Kiet blocks as well as in our nearby Kata Thong blocks which are currently under application.”
PAM says the mineral resource will be used as part of a scoping study that plans to consider initial production of up to 10,000tpa of LCE and associated by-products.
The company 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.
Lepidolite has also been demonstrated to have a lower carbon emission intensity than other lithium sources.
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