Pan Asia Metals has its sights set on a lithium resource upgrade at its Reung Kiet lithium project in Thailand after a new drilling campaign uncovered encouraging hits of up to 1.27 per cent lithium oxide.
The company is now eyeing an upgrade to its current mineral resource estimate of 10.4 million tonnes at 0.44 per cent lithium oxide for roughly 113,000t of lithium carbonate equivalent.
Headline intercepts from a further four holes in the latest program include 20.95m running at 0.59 per cent lithium oxide from 102.4m including 3.15m at a solid 1.27 per cent lithium oxide from 118.5m. Notably, a further 21.5m coming in at 0.55 per cent lithium oxide from 172m downhole has extended the mineralised envelope down dip, with no end in sight.
The company’s latest foray with the rig at Reung Kiet has seen 56 holes for nearly 11,000m perforate the prospective pegmatite swarm that has been…
