Reung Kiet Lithium Project (PAM 100%)

Rieung Kiet Lithium Project

Project and Exploration Highlights

Mineral Resource Estimate (JORC 2012) defined, 10.4MT @ 0.44% Li2O (Reung Kiet Li Prospect)
Exploration Target (JORC 2012, Drill Supported) defined, 8.0-14.0MT @ 0.5-0.8% Li2O (Bang I Tum Li Prospect)

  • Only lithium explorer in SE Asia, exploring since 2017
  • Extensive open pit tin mining in project area up to the 1980’s
  • Lepidolite rich pegmatites identified in late 1960’s
  • Two main prospects being drilled, Reung Kiet and Bang I Tum
  • Combined prospective strike length >2.5km
  • Extensive lepidolite pegmatite dyke/vein swarms identified in drilling, two >1km long trends
  • Project and background studies have commenced

Reung Kiet Prospect

  • Mineral Resource Estimate (JORC 2012) defined, 10.4MT @ 0.44% Li2O (Reung Kiet Li Prospect)
  • As at Jun 30, 2022, a total of 72 diamond core holes drilled to date for a total of 11,699.2m
  • Lepidolite rich pegmatites open to north, south and at depth
    • Mineral Resource Estimate established, infill and extensional drilling underway for an MRE update later in 2022
  • Drill intersections include:
    • RKDD002 – 15.6m @ 0.82% Li2O from 55m, incl. 9m @ 1.00% Li2O
    • RKDD009 – 30.2m @ 0.69% Li2O from 37.3m incl. 6m @ 1.08% Li2O from 38.5m and 4.5m @ 1.44% Li2O from 47.6m
    • RKDD014 – 11.8m @ 0.84% Li2O from 133.2m
    • RKDD016 – 22.1m @ 0.72% Li2O from surface
    • RKDD023 – 14.15m @ 0.81% Li2O from 107.25m
    • RKDD026 – 10.5m @ 0.93% Li2O from 35.5m
    • RKDD027 – 10.6m @ 1.24% Li2O from 28.3m
    • RKDD030 – 20.7m @ 0.69% Li2O from 46.2m
    • RKDD036 – 17.75m @ 0.53% Li2O from 97.95m incl. 8.7m @ 0.60% Li2O from 103.4m and 5.1m @ 0.79% Li2O from 107m
    • RKDD037 – [email protected] 0.59% Li2O from 60.9m, incl. 4m @ 1.12% Li2O from 66m and 11.15m @ 0.47% Li2O from 77.55m
    • RKDD042 – 30.25m @ 0.76% Li2O from 26.5m
    • RKDD042 – 13.78m @ 0.60% Li2O from 115.45m
    • RKDD046 – 12.4m @ 0.67% Li2O from 30.2m

Bang I Tum Prospect

  • Exploration Target (JORC 2012, Drill Supported) defined, 8.0-14.0MT @ 0.5-0.8% Li2O (Bang I Tum Li 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

Reung Kiet Lithium Prospect – Mineral Resource Estimate (JORC 2012)

MT Li2O (%) Sn (%) Ta2O5 (%) Rb (%) Cs (%) LCE (t)
Oxide 3.2 0.49 0.03 0.009 0.15 0.02 38,611
Fresh 7.2 0.42 0.04 0.009 0.16 0.02 74,416
Total 10.4 0.44 0.04 0.009 0.16 0.02 113,027
Mineral Resource is classified as Inferred and reported above 0.25% Li2O cut-off. Appropriate rounding applied. Refer to ASX announcement dated 28 June, 2022.
Mineral Resource at various cut-off grades.
Cut-off (%) MT Li2O (%) Sn (%) Ta2O5 (%) Rb (%) Cs (%) LCE (t)
0.10 21.5 0.30 0.03 0.007 0.13 0.02 159,315
0.15 17.1 0.34 0.03 0.007 0.14 0.02 143,606
0.20 13.3 0.39 0.04 0.008 0.15 0.02 128,119
0.25 10.4 0.44 0.04 0.009 0.15 0.02 113,027
Appropriate rounding applied. Refer to ASX announcement dated 28 June, 2022.

Bang I Tum Prospect – Exploration Target (JORC 2012, Drill Supported)

MT Li2O (%) Sn (%) Ta2O5 (ppm) Rb (%) Cs (ppm) K (%)
Lower 8.0 0.80 0.09 120 0.30 250 2.80
Upper 14.0 0.50 0.07 95 0.24 210 2.40
Exploration Target is drill supported and reported using a 0.1% Li2O cut-off. Appropriate rounding applied. Refer to ASX announcement dated 27 July, 2022.
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