Our Company

Pan Asia Metals Limited (Pan Asia) is a Singapore registered SE Asian focused specialty metals exploration and development company focused on the exploration and development of specialty and base metal projects in South East Asia. Pan Asia’s staff have experience in Thailand, Malaysia, Laos, Vietnam and Myanmar.

Pan Asia holds 100% of the Reung Kiet Lithium Project, the Bang Now Lithium Project, and the Khao Soon Tungsten Project, all located in the Southern Thai part of the South East Asian tin-tungsten belt, a key focus area of Pan Asia. Pan Asia also owns 100% of the Minter Tungsten Project, located in the central Lachlan Fold Belt, in the state of NSW, Australia.

Pan Asia is focused on identifying assets and opportunities which have the potential to operate in the first tercile of the cost curve.  Pan Asia has a preference for opportunities which will allow it to participate in downstream activities such as specialty metals processing and value adding. To achieve this Pan Asia focuses on opportunities which are strategic in nature, strategic by grade, size, potential value, position on the cost curve and proximity to infrastructure and markets.

Pan Asia takes a long term view. Good assets are difficult to secure and they are in high demand, therefore they have current and long term strategic value. Pan Asia wants to take advantage of this strategic value to build a company offering more than mine gate sales, this is the essence of Pan Asia.

Pan Asia is equipped with an experienced management team of mineral explorers and developers with proven capabilities. Pan Asia is focused on building a Mineral Reserve which will position it to participate in downstream opportunities. Pan Asia will do this through the exploration and acquisition of assets in South East Asia, a geography Pan Asia knows and understands well.


Pan Asia’s strategy is to identify exploration and development opportunities with the following attributes, in no specific order:

  • Assets with enough historical work to make educated judgments about potential;
  • Mineralogy which, at face value, will not throw up barriers, i.e. problematic waste streams and by-products;
  • Community support or a community generally aligned with and understanding the value that our activities can bring to it;
  • Potential to operate in the first tercile of the cost curve;
  • Potential for medium to large scale production, and therefore to attract appropriate debt and equity finance;
  • Potential for downstream extensions;
  • Proximity to required infrastructure and workforce;
  • Proximity to markets;
  • Supportive Government with policies that are aligned to our activities; and
  • Situated in a low cost environment, supporting our cost curve objectives.


Pan Asia’s management and investment philosophy is simple, we act like owners because we are:

  • We aim for a stable and adaptable working environment which allows our technicians to focus on what matters so that performance and results will be achieved.
  • Our staff are encouraged to make decisions and be accountable, naturally grooming them to act like leaders in their fields of focus.
  • Our staff are discouraged from creating or participating in ineffective and bureaucratic decision making processes.

This allows us to achieve our objectives, which are:

  • To respond creatively to the demands of a quickly changing environment;
  • To re-assess current opportunities as new information is generated; and
  • To position ourselves to act quickly and wisely when new opportunities present.

We do a lot of work before we act, if the results are not as expected then we work to exit quickly – we don’t believe in massaging marginal assets.

Our shareholder – stakeholders reporting will be candid but at times our candor may be checked as it will prohibit our securing of new opportunities – good ideas and opportunities are rare.

Like Warren Buffet and Charlie Munger, we also eat our own cooking.

Board of Directors

Paul Lock
Managing Director

Paul’s resource sector experience includes advisory and project finance in precious metal, base metal and bulks. Paul has worked for commodity trading houses, including Marubeni, for Commonwealth Bank in advisory, project and leveraged finance, and for Rothschild structuring and trading complex derivatives.

Paul has been operating in SE Asia since 2012 through his involvement with a number of privately held exploration companies.

Paul has the following formal qualifications: Master of Political Economy, University of Sydney; Master of International Studies, University of Sydney; Master of Commercial Law, Macquarie University; Master of Business Administration, Macquarie Graduate School of Management; and Bachelor of Business, Marcus Oldham College.  Paul is an associate member of AusIMM.

David Hobby
Technical Director

David is an Economic geologist and has been involved in the minerals industry for about 30 years, graduating with a Bachelor of Applied Science in Geology from the University of Canberra (UC) in 1989.

David has worked in a variety of geological terrains in Asia, Australia, Argentina, USA and Africa, focusing on the all facets of the minerals project cycle, mainly in the precious and base metals sectors.

David has been a member of AusIMM for 23 years and qualifies as a Competent Person under the JORC Code for a range of mineral deposit styles. David has also published and presented at many conferences and seminars.

David Docherty
Non-Executive Director

David’s resource sector career began as an analyst with Slater Walker Investments, London, in 1965, before David became Managing Director of Mining Finance Corporation Limited (MFC) in 1969. MFC was sponsored by Slater Walker with a mandate to invest in the Australian resources sector.

David became involved in the Thai resource sector in 1987, and with business colleagues discovered the ‘A Prospect’ at Chatree, which formed the core of the Kingsgate Consolidated Limited gold mining operations in Thailand.

David was a founding Director of Thai Goldfields in 2002, a Thai focused exploration company responsible for the identification of several highly prospective exploration prospects.

Thanasak Chanyapoon
Non-Executive Director

Thanasak is a Partner at The Capital Law Office, a leading Bangkok based legal practice.  Thanasak’s area of expertise is tax law, advising domestic and international financial institutions, equity funds and corporations, on merger and acquisition and business reorganization.

Thanasak’s directorships include: Independent Director and Audit Committee Member of Cal-Comp Electronics (Thailand) PCL (listed on the Stock Exchange of Thailand), supervisor of XYZprinting Inc. (a Taiwanese base company specializing in 3D printers), and Director of Vana Nava Company Limited.

Thanasak’s qualifications are: Master degree in law (LL.M.), University of Cambridge, UK; Master degree in law (LL.M. in Business Law), Chulalongkorn University; Certificate of American and International Law, Dallas, USA; and Bachelor degree in law (LL.B. (Hons)), Chulalongkorn University.