Khao Soon Tungsten Project

Khao Soon Tungsten Project

Project Summary

  • 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
  • Drill supported Exploration Target, 15 – 29Mt @ 0.2% to 0.4% WO3 (The potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource)
  • 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

Khao Soon drill supported Exploration Target

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

Minter Tungsten Project

Minter Tungsten Project

Project Summary

Situated in the Wagga-Omeo Tin Province:

  • Central region of the Lachlan Fold Belt, NSW, Australia
  • Hundreds of Sn and/or W occurrences documented
  • Ardlethan, ~100km south, was a significant tin producer

Tin and tungsten mainly associated with granites of the Koetong Supersuite, which intrude metasediments:

  • Mineralisation is in quartz veins, stockworks, pipes, greisens, breccia, aplites, pegmatite and carbonate replacement/skarn

The Exploration License is ~145km2”:

  • Previous exploration has defined a belt of prospective zones hosted in quartz veins in metasediments near granite contact
  • ~10,000m of drilling yielding numerous low-mod grade WO3 intersections over a relatively large area including:
    • 28m @ 0.14% WO3 from 0m; 10m @ 0.18% WO3 from 0m
    • 27m @ 0.17% WO3 from 1.5m; 26m @ 0.16% WO3 from 2m
    • 24m @ 0.32% WO3 from 4m; 6m @ 0.54% WO3 from 16m
  • Recent work suggests that historical drill holes were not drilled in optimal direction to test the mineralisation

PAM’s planned work includes:

  • Full multi-layered data review
  • Investigation of potential for blind systems above granite
  • Additional drilling will aim to delineate an Exploration Target and/or Inferred Resource