Pan Asia Metals progresses drilling program at Reung Kiet Lithium Project

(firmenpresse) -
HIGHLIGHTS

- PAM has completed the first ever drill hole at the Bang I Tum lithium prospect
- Hole BTDD001 intersects a pegmatite dyke swarm from 46.5m to 164.5m
- Composite thickness of pegmatite approximately 25m from 86.3-135.3m
- Pegmatite contains quartz, feldspar and muscovite
- Muscovite is potentially the source of lithium at Bang I Tum
- Accessory cassiterite and Cu and Fe sulphides also present
- Drilling of hole BTDD002 has commenced

Specialty metals explorer and developer Pan Asia Metals Limited (ASX: PAM) (PAM or the Company) is pleased to report that drillhole BTDD001, the first ever hole drilled at the Bang I Tum lithium prospect, has been completed.

Pan Asia Metals Managing Director Paul Lock said: We are very pleased with the initial drilling results at Bang I Tum, which accord with the literature and our expectations. We are looking forward to the results in the next holes and particularly our planned drilling under Lepidolite Hill, which is to the south of the historical Bang I Tum tin mine.

The Reung Kiet Lithium Project has the potential to be a very low cost operation and, being the only lithium project in South East Asia, and in close proximity to the advanced industrial centres of Thailand and Malaysia and the massive battery markets of Asia, provides PAM with a suite of advantages including its close proximity to all required processing inputs.

Overview
The Reung Kiet Lithium Project (RKLP) is one of PAMs key projects (see Figure 1). RKLP, inclusive of the Bang I Tum lithium prospect, is a hard rock project with demonstrated potential for lithium hosted in lepidolite/mica rich pegmatites chiefly composed of quartz, albite, lepidolite, muscovite with minor cassiterite and tantalite as well as other accessory minerals including some rare earths.

Recent drilling
Drilling at BIT is planned on 100-150m spaced sections along the pit length and extending southwest to Lepidolite Hill (see Figure 1). Drillhole depths are planned up to about 180m and will test the interpreted pegmatite positions beneath the open pit and along strike to the south west.

Drillhole BTDD001 was drilled to a depth 171m at a dip of -60 degrees, to direction 310 degrees magnetic. Additional data is provided in Appendix 1, being JORC Table 1.
https://www.irw-press.at/prcom/images/messages/2021/55482/PanAsia_030221_ENPRcom.001.jpeg

Figure 1: The Bang I Tum Lithium Prospect with proposed drill hole locations

The drillhole traversed weathered siltstone to 14.5m, and then passed into fresh meta-siltstone. The hole intersected a swarm of 17 separate pegmatite stringers, veins and dykes commencing at 46.5m and continuing through to 164.5m. These zones ranged in thickness from 0.1m to 6.9m. A central zone of more extensive and wider dykes is present from 86.3m to 135.3m. This 49m wide zone contains seven dykes which total 24.7m of composite thickness. Individual dykes in this zone are typically 2 to 6.9m wide. Additional, but narrower pegmatite veins and stringers continue to 164.5m. The pegmatite swarm would appear to be vertically extensive, occurring from 50m to 110m below the old pit floor (see Figure 2).
https://www.irw-press.at/prcom/images/messages/2021/55482/PanAsia_030221_ENPRcom.002.jpeg

Figure 2: BTDD001 cross section, showing intersected pegmatite in relation to pit profile

All of the pegmatites intersected in the hole contain quartz, feldspar and varying amounts of fine grained to clotty muscovite, as well as tourmaline which is locally altered to chlorite (see Photo 1). Detailed logging is yet to be undertaken, however, the observed muscovite, is visually estimated to vary between 5% and 25% of the pegmatite. The muscovite is the potential lithium-bearing mineral phase in the pegmatite. Muscovite is a white mica, unlike lepidolite which is predominantly a purple to pink coloured mica. At Bang I Tum previous work has identified that both muscovite and lepidolite can contain lithium. In a 1960s study it is stated much paler-coloured, and also white lepidolite (aka muscovite) with over 4.0% lithia (Li2O) occurs in the Bang I Tum pegmatitei. Work by PAM, including mineralogical studies of lithium bearing pegmatite from Lepidolite Hill about 500m south of BTDD001, shows that muscovite is the dominant lithium bearing mineral over lepidolite. This is also borne out visually, in that the characteristic purple/pink coloured lepidolite is less abundant in the lithium rich pegmatites at Lepidolite Hill.

The pegmatite in BTDD001 also contains disseminated cassiterite (tin oxide) and local pyrite and chalcopyrite. Tin is a potentially valuable component of the pegmatite, and the 1960s study states that at Bang I Tum: The pegmatites have all been deeply excavated because of their rich tenor of tini.
https://www.irw-press.at/prcom/images/messages/2021/55482/PanAsia_030221_ENPRcom.003.jpeg


Photo 1: BTDD001 pegmatite from 86 to 93m

Bang I Tum Lithium Prospect (BIT)
The Bang I Tum prospect was a relatively large open cut tin mine. The old pit is about 650m long and up to 125m wide as shown in Figure 1. Mining of the weathered pegmatites extended up to 30m below surface, to the top of hard rock.

The mined pegmatite is recorded to be at least 20m widei. The pit is now water filled, with water depths to a maximum 15m. Additional smaller scale mining extended further along strike to the southwest. Soil and rock-chip sampling has defined the Main trend and an Eastern trend. The prospective Main trend is about 1.5km long. Rock chip sampling has yielded 14 of 24 samples >0.5% Li2O, with an average grade of 1.23% Li2O plus accessory tin and tantalum. A lepidolite pegmatite dyke swarm can be observed on Lepidolite Hill about 400m south of the pit. This swarm is potentially up to 100m wide with individual dykes up to 7m wide.

The Eastern trend is about 1.5km long, located approximately 350m east of, and parallel to the Main trend as shown in Figure 1.

RKLP was part of a major tin mining region up until the late 1980s
There is little detailed information available regarding previous exploration and mining in the project area. Up to the late 1980s southern Thailand was a globally significant tin producer. In Phang Nga Province tin concentrate production of approximately 300,000 tonnes was recorded from 1965 to 1990i Nakapadungrat. S. and Maneenai. D,.1993. The Phuket, Phangnga and Takua Pa Tin-field, Thailand. Journal of Southeast Asian Earth Sciences, Vol. 8, Nos 1-4, pp. 359-368
. In the late 1960s a joint Thai/British Geological Survey study was undertaken in the region Garson, M.S., Bradshaw, N. and Rattawong, S., 1969. Lepidolite Pegmatites in the Phangnga Area of Peninsula Thailand.
. It was during this study that the lithium bearing mica was identified in weathered pegmatites that were being mined for tin at the Reung Kiet and Bang I Tum open pit mines as well as at several other mines in close proximity.

The 1960s study conducted geological mapping, geochemical analysis and mineralogical descriptions of various tailings, concentrate and rock samples as well as lepidolite beneficiation studies. The lepidolite and lithium bearing muscovite was found to contain 3-4% Li2O. With significant focus on two key tin mines, Reung Kiet and Bang I Tum, the survey also statedi:

- the pegmatites at Reung Kiet and Bang I Tum may well be the largest un-zoned lepidolite pegmatites yet recorded
- lepidolite is fairly evenly distributed both along the length of the pegmatite and from wall to wall. In places there is local enrichment of massive lepidolite ; and
- much paler-coloured, and also white lepidolite with over 4.0% lithia (Li2O) occurs in the Bang I Tum pegmatite

Exploration history
There is no recorded exploration activity in the project area since the 1960s study. In 2011, Thai company Mae Fah Mining Co. Limited (Mae Fah) lodged prospecting licence applications over the area. In 2014 UK based ECR Minerals Plc (ECR) entered into an option agreement to acquire the project. That option did not proceed and the tenement applications lapsed. Mae Fah and ECR conducted some minor sampling in the area. This work reported 11 rock chip samples from unknown locations with analytical results showing 8 of the 11 samples yielding elevated Li2O, ranging up to 1.9%. Accessory Sn and Ta was also identifiedhttps://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/xe2zzzx


Appendix 1: JORC Code, 2012 Edition - Table 1
PAM Lithium Projects. Geochemical sampling and BIT drilling
Section 1 Sampling Techniques and Data
CriterJORC Code explanation Commentary
ia

SampliNature and quality of Rock-chip, channel and
ng sampling float samples. Samples
techn ( collected were around
iques eg cut channels, random 1-
chips, downhole gamma
sondes, handheld XRF 5kg. Most samples are peg
instruments, matite

etc). which occurs as outcrop,
Include reference to sub
measures taken to -crop, float or in
ensure sample dumps. A few granite
and metasediment
representivity and the samples were also
appropriate calibration collected. Channel-chip
of any measurement samples of outcrops
tools or systems were collected where
used. possible, especially in
trenches.
Aspects of determination
of Soil samples are
collected from the base
mineralisation that are of a 20-40cm deep hole
Material to the Report dug with a spade. B
( Horizon samples are
eg RC drilling used to generally preferred,
obtain 1m samples from with some local
which 3kg was C-Horizon samples
collected.
pulverised to produce a
30g charge for fire
assay Samples were selected in
; or where there is order
coarse gold that has to
inherent sampling ascertain the degree of
problems). lithium enrichment and
enable geochemical

characterisation. As
such, the samples are
representative of the
lithium

mineralisation within
the

samples collected but may
not necessarily
represent the
composition of the
entire
pegmatite
, with the possible
exception
of
channel-chip samples.

Samples were collected
by

PAM employed field
geologists
and/or supervised field
assistants, then
samples
are
sent to either ALS Cheme
x
in Brisbane or SGS in
Perth for analyses.



Internal QAQC standards,
duplicates and blanks
were
inserted
by the laboratory.


.DrillDrill type (eg core, Drilling is HQ triple
ing reverse circulation, tube diamond core ~63mm
techn diameter
iques etc) and details (eg core
diameter, triple tube,
depth of diamond tails,
face-sampling bit,
whether core is
oriented; if so, by
what method,

etc).
Drill Method of recording and Solid core recovered is
sampl assessing core and chip measured and this is
e sample recoveries and divided by the interval
recov results of the drill run to
ery assessed. assess
recovery.
Measures taken to maximis
e HQ triple tube is used
sample recovery, to
ensuring representative
nature of maximise core recovery
samples.
Not known at this stage
Is sample recovery and
grade related; has
sample bias occurred
due to preferential
loss/gain of
fine/coarse
material?

LogginHave core/chip samples Detailed logging is yet
g been to be undertaken, no
geologically/geotechnica resources or other
lly logged to a level of studies are being
detail to support reported.
appropriate resource
estimation, mining
studies and
metallurgical Only summary looging has
studies. been undertaken at this
stage.
Is logging qualitative
or quantitative in
nature. Core (or

costean, channel, etc)
photography.

The total length and
percentage of the
relevant intersections
logged.

Sub-saIf core, cut or sawn and Not applicable, no drill
mpling whether quarter, half sampling being
techn or all
iques reported
and core taken.
If non-core, riffled,
tube sampled The rock and soil sample
preparation
sampleetc and sampled wet or
dry? technique of fine crush,
riffle
For all sample types, or rotary split
nature, sub-sample, the

quality and pulverisation is
appropriateness of industry standard and
sample preparation practice for this stage
technique. of investigation and
style of
QAQC procedures for all mineralization.
sub-sampling stages to The laboratory reports
particle size analysis
maximise representivity o for crushed and
f
samples. pulverised samples about
every 25
Measures taken to ensure samples.
sampling is
representative The sample sizes are
considered appropriate
of the material for the typically <3mm
collected, grain sizes in the

e.g. results for field aplo-pegmatite.
duplicate/second-half
sampling.

Whether sample sizes are
appropriate to the
grain size of the
material being
sampled.

QualitNature, quality and The rock and soil samples
y of appropriateness of the were dried, crushed
assay assaying and laboratory
data procedures used; to -3mm, and sub-sample o
and whether the technique f 500-1000g is riffle or
labor is considered partial rotary split and
atory or then
tests total. pulverized to 90%
passing 75
For geophysical tools, microns
spectrometers, handheld . For SGS samples,
XRF instruments preparation is done at
an SGS lab in Bangkok.
etc, parameters used in For ALS samples,
determining the preparation was
analysis including completed at ALS in
instrument make and Laos. 100g
model, reading times,
calibrations factors -75 micron pulps are
applied, their then dispatched for
derivation, analysis.
etc.

Nature of QAQC All pulp samples were ana
procedures adopted lysed
( using a hand held Olympu
eg standards, blanks, s Delta 400 Premium in
duplicates, external Geochem
laboratory checks); and/or soil mode, with
whether acceptable dual beam analysis for
accuracy levels 30 seconds each.
( Rb
ie lack of bias) / , K, Mn assays show very
precision good
established. correlation
with lab derived Li
analysis
. Other elements of
interest also exhibit
good correlation with
lab
results.


Samples were digested by
either

mixed acid digest or
sodium peroxide with
ICP finish by ALS

Chemex in Brisbane for Li
and at times also

Sn, Ta and Rb.

Samples to ALS were anal
ysed
by sodium peroxide
fusion digest with
ICP-MS finish at SGS in
Perth for Li, Sn,
Ta.


Internal laboratory
standards, splits and
repeats were used for
quality
control.
PAM did insert any
QA/QC samples. Although
some outcrops have been
sampled up to 3 times
and could be considered
as filed duplicates,
and Li results exhibit
strong
agreement.



VerifiVerification of Sample results have been
cation significant checked by
of intersections by
sampl independent / company
ing alternative company Senior Geologist.
and personnel.
assay Assays reported as Excel
ing The use of twinned holes.xls
Documentation of primary files and secure pdf
data, data entry files.
procedures, data
verification, data
storage (physical and
electronic) Data entry carried out bo
protocols. th manually and

Discuss any adjustment digitally by Geologists.
to assay
data. To minimize
transcription
errors
field documentation
procedures and database
validation

are conducted to ensure
that field and assay
data are merged
accurately.



Following factor
adjustments applied to
assay data for
reporting
purposes:

Li x 2.153 to convert to
Li
2O

LocatiAccuracy and quality of Sample and drill hole loc
on of surveys used to locate ations
data drill holes (collar and
point down-hole surveys), are from hand held GPS, w
s trenches, mine workings ith

etc used in estimation. approximately 2-7m
Specification of grid accuracy, sufficient
system for
used.
this type of
Quality and adequacy of exploration. For
topographic trenches to start and
control. end points are
recorded. Sample
locations are then
measured from the start
point using a tape
measure.

All locations reported ar
e

UTM WGS84 Zone 47N.

Topographic locations
interpreted from Thai
base
topography
in conjunction with GPS
results.

Data Data spacing for All samples were
spaci reporting of selected by the
ng Exploration geologist to assist
and Results. with identification of
distr the nature of the
ibutioIs data spacing and
n distribution sufficient mineralisation present
to establish degree of at each location. No
geological and grade set sample spacing was
continuity appropriate used
for Resource / Reserve
estimation procedure(s) for rock samples, except
and classifications in channel chips at
applied? outcrops and in
trenches, where sample
Whether sample widths
compositing has been generally
applied. varied between 1 and
3m. Soil samples are
collected along lines
at 20m spacing, with
lines spaced at 100m or
200m.


Sample compositing was
not applied


OrientDoes the orientation of Channel-chip samples
ation sampling achieve collected off exposed
of unbiased sampling of faces, which
data possible structures;
in extent to which this is may not true width
relat known/understood. information.
ion Trench samples are
to If relationship between collected in trenches
geolo drilling orientation oriented normal to the
gical and orientation of known
struc trend.
ture mineralised structures Associated structural
has introduced a measurements and
sampling bias, this interpretation by
should be assessed and geologist can assist in
reported if understanding
material. geological
context
.

All other rock samples ar
e essentially

point samples. Soil
samples were collected
on lines oriented
normal to known
pegmatite
trends.

Drilling is undertaken
perpendicular or near
perpendicular to strike
of the
target.


SampleThe measures taken to Samples are securely
secur ensure sample packaged
ity security.
and transported by
independent

reputable carrier or
transported by company
personnel to

independent sample prepar
ation.

Pulp samples for
analysis are then air
freighted to Australia
in accordance with
relevant laboratory
protocols.

AuditsThe results of any None conducted at this
or audits or reviews of stage of the
revie sampling techniques and exploration
ws data.
and drilling program.

Section 2 Reporting of Exploration Results
CriteriJORC Code explanation Commentary
a

MineralType, reference Three contiguous Special
teneme name/number, location P
nt and and ownership rospecting Licences (JSP
land including agreements L1
tenure or material issues , 2 and 3) covering an
status with third parties area of
such as joint 4
ventures, 8sq km are registered to
partnerships,
overriding royalties, Thai company Siam
native title Industrial Metals Co.
interests, historical Ltd.
sites, wilderness or (SIM)
national park and . Pan Asia Metals holds
environmental 100% of
settings. SIM
located 60km north of
The security of the Phuket in southern
tenure held at the Thailand.
time of
The tenure is secure
reporting along and there are no known
with any known impediments to
impediments to obtaining a
obtaining a
licence to operate,
licence to operate in aside from normal
the considerations.
area.

ExploraAcknowledgment and The Institute of
tion appraisal of Geological Sciences, a
done exploration by other precursor of the
by parties. British Geological
other Survey (BGS) in the
partie late
s 1960s
conducted geological
mapping, documenting
old workings, surface

geochemical sampling, m
ill
concentrates and
tailings sampling

and metallurgical test
work
on the pegmatite then
being mined at

Reung Kiet. This work
appears to be of high
quality and is in
general agreement with
Pan Asias
work.

In 2014 ECR Minerals
reported Li results
for rock samples
collected in

Reung Kiet project
area. The locations
and other details of
the samples were not
reported. But the
samples showed
elevated Li
contents.

.
GeologyDeposit type, The projects are
geological located in the Western
Province of the
setting and style of min South-East Asia Tin
eralisation Tungsten Belt.
.
The Reung Kiet project
area sits adjacent and
sub-parallel to the
regionally extensive

NE trending Phangnga fau
lt. The Cretaceous age
Khao Po granite
intrudes into

Palaeozoic age Phuket
Group sediments along
the fault
zone,
Tertiary aged LCT pegma
tite
dyke
swarms intrude along
the fault

zone .

DrillhoA summary of The drillhole being
le information material reported is located at
Inform to the understanding 436372E and 926545N at
ation of the exploration 51m
results including a ASL.
tabulation for all
Material drill holes Other data is presented
of: in the text of the
report.
· easting and northing
of the drill hole
collar

· elevation or RL
(Reduced Level -
elevation above sea
level in meters) of
the drill hole
collar

· dip and azimuth of
the
hole

· downhole length and
interception
depth

· hole length.
If exclusion of this
information is not
Material, the
Competent Person
should clearly explain
why this is the
case.

Data Weighting averaging Drilling results are
aggreg techniques, maximum/ not being reported.
ation minimum grade Other data not
method applicable to sample
s cutting and cut-off type and methods
grades are Material reported.
and should be
stated.
Where average grades
Where compositing short are reported the lower
lengths of cut-off grade and
number of samples
high grade results and above and below
longer lengths of low cut-off are
grade results, reported.
compositing procedure
to be stated; typical
examples of such
aggregations to be
shown in Not being reported
detail.

Assumptions for metal
equivalent values to
be clearly
stated.

RelatioThese relationships are Rock chip sample
nship particularly important results reported as
betwee in the reporting of individual surface
n Exploration samples collected
Results.
mineral from float sub-crop or
isationIf mineralisation geomet exposed faces. For
widthsry with respect to the channel samples
and drillhole angle is relationship between
interc known, its nature sample width and true
ept should be width
length reported.
s varies.
If it is not known and For drilling the
only down hole lengths pegmatite dyke swarm
are reported, a clear are all assumed to dip
statement to this at about -70
effect is required
( degress to SE and
eg down hole length, strike at 315 degrees.
true width not The true width of the
known). dykes is about 70% of
the downhole
width.


DiagramAppropriate maps and Soil and rock sample
s sections (with scales) results are provided
and tabulations of on relevant maps in
intercepts to be the
included for any report.
significant discovery.
These to include (not Drill sections and
be limited to) plan plans are provided in
view of collar the
locations and report.
appropriate sectional
views.

BalanceWhere comprehensive Results of assays of
d reporting of all all samples collected
report Exploration Results is
ing not practicable, are reported as
representative appropriate in the
reporting of both low text or on plans and
and high grades and/or sections.
widths should be
practiced

to avoid misleading
reporting of
Exploration
Results.

Other Other exploration data, Pan Asia has conducted
substa if meaningful and geological mapping,
ntive material, should be rock chip and soil
explor reported including sampling to support
ation (but not limited to): the geological
data geological interpretations. XRD
observations; studies have been
geophysical survey conducted on some rock
results; geochemical samples to confirm
survey results; bulk mineralogy. Sighter
samples - size and metallurgical
method of treatment;
metallurgical test testwork has been
results; bulk density, conducted on samples
groundwater, from the
geotechnical and rock
characteristics; Reung Kiet lithium
potential deleterious prospect.
or contaminating
substances.

FurtherThe nature and scale of It is envisaged that
work planned further work further mapping and
( sampling is warranted
eg tests for lateral to investigate
extensions or depth potential additional
extensions or lithium
large-scale step-out pegmatites,
drilling). Drilling to test
extensions at
Diagrams clearly depth
highlighting the areas and along strike is
of possible also
extensions, including planned.
the main geological
interpretations and Appropriate diagrams
future drilling areas appear in the
(if not commercially report.
sensitive).


.

In early 2019 PAM was granted the three contiguous Special Prospecting Licences (SPLs) which constitute the Reung Kiet Project (as shown in Figure 1), covering an area of approximately 38km². PAM has undertaken soil, rock chip and stream sediment sampling in conjunction with geological mapping, pit surveying and preliminary mineralogical studies. Trenching and diamond drilling at the old Reung Kiet mine has also been completed along with sighter beneficiation test-work. See PAMs ASX announcement dated October 8, 2020, titled PAM Projects - Technical Reports. These programs have consistently delivered highly encouraging results. To date the work program has focused on the Reung Kiet Prospect in the south of the project area and the Bang I Tum prospect about 10km to the north. Additional reconnaissance exploration has been undertaken more broadly across the project area.

In October 2020 PAM was invited by the Chief Executive Officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to present PAM and the Reung Kiet Lithium Project. The meeting was called to assist the Phang Nga Provincial Government with their considerations for the potential establishment of mining and industrial development areas. Also present was the Chairman of the Phang Nga New Town Planning Committee, who conveyed the Committees support for the Reung Kiet Lithium Project. The PAO stated that it wants to ensure that the requirements of the Reung Kiet Lithium Project are incorporated into the Phang Nga New Town Planning Committees zoning plans to ensure that the project can progress should exploration and feasibility results prove positive. See PAMs ASX announcement dated October 21, 2020, titled Positive Discussions regarding Reung Kiet Lithium Project with Phang Nga Provincial Government.

Forward planning
PAM has four priority one drill holes planned at BIT, with additional drilling contingent on positive results from these holes.

Following the completion of drilling at BIT, PAM intends to relocate the rig to the nearby Reung Kiet prospect to conduct additional drilling that will target lepidolite rich pegmatites identified in previous trenching and mapping programs conducted by PAM.

Results of the priority one holes at BIT will be assessed and further drilling may be conducted.

The Company looks forward to keeping Shareholders and the market updated on the drilling progress and results obtained from the drilling program at Bang I Tum.

Ends

Authorised by:
Board of Directors

About the Reung Kiet Lithium Project
The Reung Kiet Lithium Project is a lepidolite style lithium project located about 70km north-east of Phuket in the Phang Nga Province in southern Thailand. Pan Asia holds a 100% interest in 3 contiguous Special Prospecting Licences (SPL) covering about 38km² (see Figure 3).
https://www.irw-press.at/prcom/images/messages/2021/55482/PanAsia_030221_ENPRcom.004.jpeg

Figure 3: Regional map identifying the location of Phang Nga and the Reung Kiet Lithium Project

About Pan Asia Metals Limited (ASX:PAM)
Pan Asia Metals Limited (ASX:PAM) is a specialty metals explorer and developer focused on the identification and development of projects in South East Asia that have the potential to position Pan Asia Metals to produce metal compounds and other value-added products that are in high demand in the region.

Pan Asia Metals currently owns two tungsten projects and two lithium projects. Three of the four projects are located in Thailand, fitting Pan Asia Metals strategy of developing downstream value-add opportunities situated in low-cost environments proximal to end market users.

Complementing Pan Asia Metals existing project portfolio is a target generation program which identifies desirable assets in the region. Through the program, Pan Asia Metals has a pipeline of target opportunities in South East Asia which are at various stages of consideration. In the years ahead, Pan Asia Metals plans to develop its existing projects while also expanding its portfolio via targeted and value-accretive acquisitions.

To learn more, please visit: www.panasiametals.com

Stay up to date with the latest news by connecting with PAM on LinkedIn, Twitter and YouTube.

Investor Enquiries
Paul Lock
Managing Director
paul.lock(at)panasiametals.com

Media Enquiries
The Capital Network
Julia Maguire
+61 2 8999 3699
julia(at)thecapitalnetwork.com.au

Competent Persons Statement
The information in this Public Report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr David Hobby, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Hobby is an employee, Director and Shareholder of Pan Asia Metals Limited. Mr Hobby has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hobby consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward Looking Statements
Various statements in this document constitute statements relating to intentions, future acts and events which are generally classified as forward looking statements. These forward looking statements are not guarantees or predictions of future performance and involve known and unknown risks, uncertainties and other important factors (many of which are beyond the Companys control) that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed in this document. For example, future reserves or resources or exploration targets described in this document may be based, in part, on market prices that may vary significantly from current levels. These variations may materially affect the timing or feasibility of particular developments. Words such as anticipates, expects, intends, plans, believes, seeks, estimates, potential and similar expressions are intended to identify forward-looking statements. Pan Asia Metals cautions security holders and prospective security holders to not place undue reliance on these forward-looking statements, which reflect the view of Pan Asia Metals only as of the date of this document. The forward-looking statements made in this document relate only to events as of the date on which the statements are made. Except as required by applicable regulations or by law, Pan Asia Metals does not undertake any obligation to publicly update or review any forward-looking statements, whether as a result of new information or future events. Past performance cannot be relied on as a guide to future performance.

Important
To the extent permitted by law, PAM and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of PAM and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this document or information.


Notes
i. Garson, M.S., Bradshaw, N. and Rattawong, S., 1969. Lepidolite Pegmatites in the Phangnga Area of Peninsula Thailand.
ii.Nakapadungrat. S. and Maneenai. D,.1993. The Phuket, Phangnga and Takua Pa Tin-field, Thailand. Journal of Southeast Asian Earth Sciences, Vol. 8, Nos 1-4, pp. 359-368,
iii. https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/xe2zzzx

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Leseranfragen:
PresseKontakt / Agentur:
Bereitgestellt von Benutzer: irw
Datum: 03.02.2021 - 02:02 Uhr
Sprache: Deutsch
News-ID 1564331
Anzahl Zeichen: 4413

contact information:
Contact person:
Town:

Wien

Phone:

Kategorie:

Business News

Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:


Diese Pressemitteilung wurde bisher 213 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Pan Asia Metals progresses drilling program at Reung Kiet Lithium Project

"
steht unter der journalistisch-redaktionellen Verantwortung von

Pan Asia Metals (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Alle Meldungen von Pan Asia Metals