Khao Soon Tungsten Project (PAM 100%)

Project Summary
Exploration Target (JORC 2012, Drill Supported) defined, 15 – 29Mt @ 0.2% to 0.4% WO3
- Historic Khao Soon Tungsten Mine estimated average grades of 2-4% WO3
- Over 10 individual prospects, combined prospective strike length ~10km
- Mineralised zones from surface with peer group leading drill intersections
- Strong drilling results broadly support Exploration Target model
Project Overview
Khao Soon mine production to 1979:
- Historic production grades est. at 2-4% WO3
- In 1974 USGS personnel reported that the high grade material
- being mined has an estimated wolframite content of 20%
To date 41 diamond core holes for a total of 3,514m
- Drilling highly successful, discovering near surface intersections containing good tungsten grades over considerable widths.
- Drill supported Exploration Target (ET) 15-29Mt @ 0.2%-0.4% WO3 defined in accordance with the JORC Code (2012)
- ET generated with information from drill holes KSDD001-022
- ET model supported by recent drilling (KSDD023-041, 1,602m)
Hard rock tungsten (wolframite) mineralisation generally hosted in high grade breccia
Extensive oxide hosted tungsten mineralisation:
- Tungsten in thick profiles at/near surface
- Likely vectors to underlying hard rock WO3 mineralization
- Best intersections include:
- KSDD001 – 51.5m @ 0.50% WO3 from 0m, incl. 12.8m @ 1.07% WO3 from 14.8m
- KSDD021 – 14.55m @ 0.47% WO3 from 0m, incl. 7.3m @ 0.62% WO3 from 0m
- KSDD024: 13.1m @ 0.51% WO3 from surface, incl. 4.6m @ 0.97% WO3 from 8.5m
Exploration Target (JORC 2012, drill supported)
Prospect | Tonnes (m) | Grade WO3 (%) |
---|---|---|
Than Pho West | 4 – 8 | 0.2 – 0.4 |
Than Pho Ridge | 1 – 2 | 0.2 – 0.4 |
Target 2 | 6 – 12 | 0.1 – 0.3 |
Rabbit | 4 – 7 | 0.2 – 0.4 |
Total | 15 – 29 | 0.2 – 0.4 |
Exploration Target is drill supported and reported using a 0.05% WO3 lower bound and 0.10% WO3 upper bound cut-off. Appropriate rounding applied. Refer to ASX announcement dated 08 October, 2020. |