Pan Asian Metals – a mining company focused on achieving the benefits of producing downstream products

Pan Asian Metals (PRIVATE-UK:PAM) is currently private but planning to list on the ASX during the first half of this year.

The company has tungsten and lithium projects located in Thailand, and differentiates itself from its peer group by focusing on advancing its projects to produce higher-value downstream products rather than concentrates.

Paul Lock is not only the managing director of the company but also the major shareholder with a 39% interest in the business. Paul has 25 years experience in the commodities and finance sectors and has been operating in south-east Asia since 2012. He was previously managing director of Mandalay Mining and Metals.

Pan Asian Metals owns 100%, of two lithium projects, Reung Kiet and Bang Now, and one tungsten project, Khao Soon, all of which are located in Thailand (Figure 1).

Figure 1: Location of Pan Asian Metals projects

Source Pan Asian Metals

The Reung Kiet Lepidolite Project is located the Phang-Nga Province, in an area of extensive tin mining (Figure 2). There are two prospects that the company has initially targeted within this area, the Reung Kiet prospect to the southern end of the tenement package and the Bang I Tum Prospect to the north.

Figure 2: The Reung Kiet Lepidolite Project

Source Pan Asian Metals

At the southern prospect, lepidolite bearing pegmatites have been defined over a strike of two kilometres (km) with high-grade average rock chip samples from the southern portion of the pegmatite grading at 1.41% Li2O (lithium oxide). Initial drilling on the northern section of the pegmatite returned lower-grades, leading the company to focus its next phase of work on the higher-grade southern section. The pegmatites appear open along strike to both the north and south.

At Bang I Tum, the northern prospect within the Reung Kiet Lepidolite Project, there are a series of alluvial and hard rock tin pits and initial sampling has demonstrated the presence of widespread lepidolite mineralisation associated with the historic tin pits.

The Bang Now Lepidolite Project, is located within the Chumphon Province, also in an area of historic tin mining. Initial rock chip samples in and to the north of the historic alluvial mine have demonstrated the presence of high-grade Li2O (Figure 3).

Figure 3: The Bang Now Lepidolite Project

Source Pan Asian Metals

The Khao Soon Tungsten Project is located in the Nakhon Si Thammarat Province (Figure 1). The project contains a historic underground tungsten mine that operated to a depth of 80m between 1970 and 1980 producing around 500,000 tonnes at a very high-grade of 2.2% WO3 (tRead More – Source