Reung Kiet Lithium Project (PAM 100%)

Project Summary
Extensive historic open pit tin mining in project area up to the 1980’s:
- Lepidolite (lithium mica) rich pegmatites identified at several mines in late 1960’s
- Two main areas now being drilled, Reung Kiet and Bang I Tum prospects
- Extensive lepidolite pegmatite dyke/vein swarms identified in drilling, two 1km long trends
- Good near surface lithium intersections extending to at least 150m below surface
- Mineralisation is open along strike and at depth, drilling continuing
- Mineral Resource in 2nd Quarter, CY22, Scoping Study later in CY22
- Project and background studies to commence
- Strong government and stakeholder support
- Pan Asia is potentially the only mine through lithium carbonate/hydroxide manufacturer in SE Asia
Project Overview
- Only lithium explorer in SE Asia, exploring since 2017
- Prospective strike length >2.5km
- Significant indications of lithium in trenches, rock chips and soils
- >60 diamond core holes drilled to date for a total of >8,000m
- Extensive lepidolite rich pegmatite dyke swarms intersected
- Mineral Resource estimates anticipated 2nd Quarter, 2022
- Strong underlying dynamics, aligned Thai government policy
Reung Kiet Prospect
- Old tin pit ~500m long, up to 125m wide, ~20m deep
- Pegmatite dyke swarm extending >500m southeast of pit, up to 100m wide containing numerous dykes, veins and stringers
- Strong lithium results from trenches and rock chips, 107 samples average 1.43% Li2O
- >60 drill holes completed, targeting under pit and pegmatite dyke swarm extending southeast of pit, drilling is ongoing
- Drill intersections include:
- RKDD002 – 15.6m @ 0.82% Li2O from 55m, including 9m @ 1.00% Li2O
- RKDD008 – 4.2m @ 1.30% Li2O from 31.9m and 11.3m @ 0.47% Li2O from 75m
- RKDD009 – 6m @ 1.08% Li2O from 38.5m and 4.5m @ 1.44% Li2O from 47.6m
- Lepidolite rich pegmatites open to north and south of existing drillholes
- Untested targets east and west of the pegmatite dyke swarm
Bang I Tum Prospect
- Old tin pit ~650m long, up to 125m wide, ~20m deep
- diamond core holes drilled to date for a total of 963m
- 3 holes on one section south of pit all intersected lithium in lepidolite pegmatite dyke swarm, intersections include:
- BTDD005 – 11.3m @ 0.74% Li2O from 19.2m
- BTDD006 – 10.7m @ 0.98% Li2O from 81.8m
- >800m trend open to north and south with potential extensions supported by Li2O in rocks and soils
Additional target prospects
- Additional targets in project area with documented lepidolite pegmatites proximal to historical alluvial and eluvial tin mining to be followed up
Kata Thong Geothermal Li and Hard Rock Li/Sn Project (PAM 100%)

Project Summary
- Kata Thong positions PAM as a potential geothermal lithium producer and provides PAM with the potential to expand its hard rock lepidolite style lithium holdings.
- Kata Thong positions PAM as a potential zero carbon emitter via both geothermal energy and the nearby 240MW Rajjaprabha Hydro-electric Power Station.
- PAM expects that Kata Thong will enhance PAM’s aim to be positioned at or near the bottom of the lithium cost curve.
- PAM is potentially positioned to produce lithium products with a Zero Carbon Footprint.
Project Overview
Kata Thong consists of:
- Five Special Prospecting Licence Applications (SPLA) in the Phang Nga Province in southern Thailand
- Two of the SPLAs contain geothermal fields
- One of the geothermal fields abuts the lithium rich Kata Khwam granite batholith, with rock-chip assays up to 0.27% Li2O
Project geology:
- Little modern exploration has been undertaken in the region
- Located in Phuket Supersuite of granites, responsible for most of the historic tin production in Thailand
- Dominated by the lithium rich Kata Khwam granite (KKG) which is about 20km long and up to 10km wide and has rock-chip assays up to 0.27% Li2O
- Three distinct styles of tin and related mineralisation, which all occure in and around the Kata Thong project area:
- Pegmatite dyke and vein swarms that can also contain Li-Ta-Nb mineralisation.
- Muscovite and tourmaline-muscovite alteration containing high background levels of lithium.
- Simple quartz-cassiterite-wolframite veins
Kata Thong positions PAM:
- As a potential geothermal lithium producer
- With the potential to expand its hard rock lepidolite style lithium holdings
- As a potential zero carbon emitter via both geothermal energy and the nearby 240MW Rajjaprabha Hydro-electric Power Station
- Assessments in parts of the project area conclude there is potential for modest scale geothermal power production
PAM is positioned for a Zero Carbon Footprint:
- The project enhances PAM’s aim to be positioned at or near the bottom of the lithium cost curve
- PAM is potentially positioned to produce lithium products with a Zero Carbon Footprint
- Kata Thong is complementary to existing project portfolio in Thailand
- Low to Zero Carbon Footprint lithium projects will attract finance with more ease and their lithium chemical products will likely attract price premiums to the broader market
- Both the geothermal and hard rock aspects are commensurate with Thailand National and Provincial government policies