Lithium Projects

Reung Kiet Lithium Project (PAM 100%)

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 and Scoping Study in 1st Quarter, 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

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
31 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 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.

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

Located in Chumporn Province:

Within this area PAM has located historic mining activities with abundant tailings:

Contains gravel to boulder sized lepidolite bearing pegmatite as well as quartz and meta-sediments. Pegmatite is visible in several old mine faces
Rock-chip dataset now consists of 24 samples, 20 of which have grades >0.5% Li2O and range up to 3.38% Li2O, returning an average grade of 1.75% Li2O.

Location, history, dimensions, grades and data: