Reung Kiet Lithium Project (PAM 100%)

Rieung Kiet Lithium Project

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 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

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
  • 37 diamond core holes drilled to date for a total of 5,307m
  • Extensive lepidolite rich pegmatite dyke swarms intersected
  • Mineral Resource estimates anticipated later in 2021
  • 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
  • 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 Geothermal Li and Hard Rock Li/Sn Project (PAM 100%)

Kata Thong Geothermal Lithium Project

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

Bang Now Lithium Project (PAM 100%)

Bang Now Lithium Project

Project Summary

Located in Chumporn Province:

  • ~ 480km WSW of Bangkok
  • ~140km North of the Reung Kiet Lithium Project

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:

  • License area of ~5km2
  • Large scale historic alluvial-eluvial tin mining in district
  • Located in the prospective Ranong Fault Zone
  • Additional follow-up mapping and sampling planned to assist drill planning