Tama-Atacama Brine-Clay Lithium Project - PAM Enters the South American Lithium Triangle
July 28, 2023
Strategy: To secure additional Low-Cost Li supply for PAM’s mid-stream lithium chemical initiatives
HIGHLIGHTS
- PAM is entering into a world-class district at an opportune time, securing projects that have the potential to be both large scale and low cost
- The Tama-Atacama Lithium Project comprises six key project areas in northern Chile extending over 290km north to south and covering an area of approximately 1400km2
- Based on well-established geology and work completed to date, the Project demonstrates strong potential for Li brine and Li in clay deposits hosted in the Pampa del Tamarugal basin in the northern part of the Atacama Desert
- Project areas adhere to PAM’s requirement for high prospective projects which are easily accessible, close to all key infrastructure, with ample water supply
- Significant lithium values and by-product/pathfinders identified in surface sampling of salt and clay layers
- Highly elevated Li in surface samples with 57 of 185 samples >250ppm Li averaging 702ppm Li and ranging up to 2200ppm Li
- Elevated boron, potassium and magnesium commonly associated with elevated Li
- Geochemical signature of surface salt crusts and clays similar to that of Salar de Atacama
- Projects have excellent infrastructure including major highway access via the Pan Americana 5 Highway, water (salt and fresh), solar power, nearby ports, airports and major logistics hubs
- Located at an altitude of 800-1100 mASL in hyper-arid environment, with little to no rainfall and extreme evaporation
- Drilling conducted at the PAM’s Hilix project in 2008 by ASX-listed Lefroy Resources Limited encountered lithium rich clays from surface to around 30m below surface, Li mineralisation essentially remains open in all directions
- Assay results include:
Hole ID |
from (m) |
to (m) |
interval (m) |
Li (ppm) |
LLRC003 |
5 |
20 |
15 |
1006 |
LLRC007 |
7 |
23 |
16 |
1153 |
LLRC009 |
0 |
18 |
18 |
1004 |
LLRC012 |
3 |
17 |
14 |
1074 |
LLRC015 |
7 |
23 |
16 |
1143 |
LLRC031 |
2 |
20 |
18 |
1080 |
LLRC033 |
6 |
20 |
14 |
1060 |
Figure 1. The Tama-Atacama Lithium Project, General location and geography.
Figure 3. Pink Lithium Prospect
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About Pan Asia Metals Limited (ASX:PAM)
Pan Asia Metals Limited is the only publicly traded battery metals company with advanced lithium projects in South-East Asia, strategically located in Thailand – the largest vehicle producer in the region. With Asia accounting for more than half of the global annual vehicle production, PAM is uniquely positioned to capitalize on the soaring demand for battery minerals in the region.
PAM's dedication to producing innovative, high-value products with a minimal carbon footprint makes us an ideal partner for meeting our needs in both battery chemicals and sustainable energy. PAM is also a respected local company, with a strategy focused on developing an integrated supply chain to cost-effectively deliver relevant and in-demand products to the Li-ion battery market.
PAM is rapidly advancing its Reung Kiet lithium project through pre-feasibility studies and plans to expand its global lithium resource sustainably through the Kata Thong project, also located in Thailand, and other potential low-cost projects globally.
To learn more, please visit: www.panasiametals.com
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For Investor Enquiries, reach out to:
Patrick Chang
Pan Asia Metals Limited
Investor Relations
Business Development
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Tish Koh
Pan Asia Metals Limited
Communications
Marketing Manager
Competent Persons Statement
The information in this report that relates to Exploration Targets and Exploration Results, is based on information compiled by Mr. David Hobby, is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Hobby is a full time employee, Director and Shareholder of Pan Asia Metals Limited. Mr. Hobby has sufficient experience, relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr. Hobby consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Forward Looking Statements
Various statements in this document constitute statements relating to intentions, future acts and events which are generally classified as “forward looking statements”. These forward looking statements are not guarantees or predictions of future performance and involve known and unknown risks, uncertainties and other important factors (many of which are beyond the Company’s control) that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed in this document. For example, future reserves or resources or exploration targets described in this document may be based, in part, on market prices that may vary significantly from current levels. These variations may materially affect the timing or feasibility of particular developments. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “potential” and similar expressions are intended to identify forward-looking statements. Pan Asia Metals cautions security holders and prospective security holders to not place undue reliance on these forward-looking statements, which reflect the view of Pan Asia Metals only as of the date of this document. The forward-looking statements made in this document relate only to events as of the date on which the statements are made. Except as required by applicable regulations or by law, Pan Asia Metals does not undertake any obligation to publicly update or review any forward-looking statements, whether as a result of new information or future events. Past performance cannot be relied on as a guide to future performance.
Important
To the extent permitted by law, PAM and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of PAM and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this document or information.
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