Pan Asia Metals (ASX:PAM) has reported that field work at its KT East Lithium Prospect is continuing to yield strong results.
- Soil sampling strengthens potential, increasing the anomalous zone by 2.8x to 2.1km long and 1.0km wide.
- The anomalous zone confirms and enhances previous rock-chip defined trends and the presence of mapped pegmatites, with many individual dykes 7-10m wide and up to 20m wide.
- Pegmatites are stacked and dip moderately suggesting KT East is likely amenable to open pit mining.
- KT East prospect has a larger footprint than the RK and BT Lithium Prospects combined, with the north-western prospect area associated with extensive historic tin mining.
- Extensional sampling, detailed mapping and rock-chip sampling around the Main Zone is ongoing, with preliminary drill sites identified and drilling scheduled for later this year.
Pan Asia Metals’ Managing Director, Paul Lock, said: “These results cement previous reports that the KT Lithium Prospect is extensive, and confirm that the pegmatite field is approximately 2.1km in length and 1.0km wide, 2.8x that previously reported with most of this captured in the ‘Main Zone’. PAM’s field team will continue with the grid-based soil and rock-chip sampling and geological mapping program, chasing down several areas which remain open to the northwest of the Main Zone and where there is a considerable area of historical tin mine workings. As previously stated, there are several walk-up drill targets and the team will continue to investigate other drill sites, with drilling expected to start later this year. KT East is proving to be a substantial addition to the RK Lithium Project, with the KT East Prospect larger than the RK and BT Prospects combined.”
“KT East has the potential to add substantial LCE tonnes to the RK Lithium Project. Although the underlying lithium price is off, we are looking at the bigger picture as battery demand continues on its growth path and PAM is in a low-cost environment. Therefore, we expect that the RK Lithium Project, like its Chinese lepidolite counterparts, will out-compete many of the hard rock lithium projects on the basis of the cost environment, which applies to both capital and operating costs, and proximity to markets for both inputs and end products. Limestone is one such product, with Australian lithium processors importing their limestone requirements from Thailand. The field results being reported herein will continue to feed into discussions with potential strategic partners.”