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The capital raising validates the company’s strategy and will underpin the next phase of exploration and development activities as it targets battery. ....
Pan Asia recently intersected pegmatite dyke swarms in diamond drill holes at RK Prospect within its Reung Kiet Lithium Project in southern Thailand. ....
Pan Asia Metals Ltd (ASX:PAM) is well-positioned to advance current assets and secure additional ones as it moves into the next growth phase following a successful listing on the Australian Stock Exchange in October 2020. The company is focused on building a pipeline of battery and critical metals assets, which are at or near the bottom of their peer group cost curves. Pan Asia has a 100% interest in four projects - two tungsten project areas and two lithium project areas - with three of them fitting the company’s strategy of downstream, value-adding development opportunities in low-cost environments proximal to end-market users. ....
According to the company, the results are in line with or better than the exploration target model, with the shape and dimensions of mineralisation. ....