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:

  • RKDD027: from 6.9m to 64m hosts 26.35m of composite mineralisation at 0.84% lithium, including 6.40m at 0.51% lithium, 406ppm tin, 263ppm tantalum, 821ppm caesium, 0.39% rubidium, and 2.90% potassium from 55.80m to 64.20m, and 10.6m at 1.24% lithium, 540ppm tin, 144ppm tantalum, 400ppm caesium, 0.43% rubidium and 3.21% potassium from 28.3m-38.9m;
  • RKDD028: from 66m to 68m at 0.51% lithium, 667ppm tin, 70ppm tantalum, 127ppm caesium, 0.22% rubidium and 2.61% potassium;
  • RKDD029: from 61m to 73.2m hosts 12.2m at 0.66% lithium, 970ppm tin, 117ppm tantalum, 209ppm caesium, 0.31% rubidium and 3.03% potassium; and
  • RKDD030: from 11.0m to 83.8m hosts 35.35m of composite mineralisation at 0.65% lithium including 20.7m at 0.66% lithium, 1149ppm tin, 128ppm tantalum 216ppm caesium, 0.35% rubidium and 2.66% potassium from 46.2m to 66.9m, and 8.25m at 0.52% lithium, 981ppm tin, 98ppm tantalum, 186ppm caesium, 0.28% rubidium and 2.76% potassium from 72m to 80.25m.

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.

 

Mineral resource targeted for 2022

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.”

 

Plans going forward

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.

 

 

Pan Asia Metals share price today:

This article was developed in collaboration with Pan Asia Metals, 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.

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