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Pan Asia Metals awarded Special Prospecting Licence for Thai tungsten project

With the grant of the licence, the company can resume its work program on the licence area as no other permits are needed to conduct exploration other than landholder permissions, which has been secured.

Pan Asia Metals Ltd - Pan Asia Metals awarded Special Prospecting Licence for Thai tungsten project
PAM legal director Kampon Nillapongse (second from left) and provincial authorities with the licence.

Pan Asia Metals Limited (ASX:PAM) has been formally awarded Special Prospecting Licence TSPL 2/2563 for the Khao Soon Tungsten Project in Thailand and is now able to resume its work program on the area.

As per Thai laws, upon the receipt of an exploration licence, no other permits are needed to conduct minerals exploration work other than landholder permissions, which the company has already obtained.

Official licensing documentation for Special Prospecting Licence (SPL) TSPL 2/2563 at the Khao Soon Tungsten Project is one of two re-applications awarded this year at Khao Soon.

The one outstanding application is TSPLA 1/2549, which requires cabinet approval.

“Potentially world-class”

PAM managing director Paul Lock said: “The Khao Soon Tungsten project is a potentially world-class project.

“It is one of the few in the global peer group, which has the geography, scale and grade potential required to build a low-cost curve project and position PAM to deliver value-added chemicals such as Ammonium Para-tungstate (APT) into the South East Asian industrial sectors.”

Khao Soon Tungsten Project with TSPL 2/2563 identified in striped blue.

Khao Soon project

Khao Soon Tungsten Project is a wolframite style tungsten project about 600 kilometres south of Bangkok and east of Phuket in Nakhon Si Thammarat Province, Southern Thailand.

PAM holds a 100% interest in two contiguous Special Prospecting Licences covering about 33 square kilometres.

Recent exploration has discovered district-scale tungsten mineralisation across numerous prospects.

Drilling to support resource estimate

Drilling at Special Prospecting Licences (TSPLs 1/2563 and 2/2563) has supported the exploration target of 15-29 million tonnes at 0.2- 0.4% tungsten trioxide.

Reconnaissance diamond drilling by PAM has intersected robust widths and grades associated with strong surface anomalies, from which exploration targets have been estimated.

Additional drilling is underway to support mineral resource estimation as well as test other targets including numerous geophysical anomalies.

PAM is drilling at the Target 2 prospect and expects to be able to report preliminary results next week.

Location of the Khao Soon Tungsten Project.

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