"These new holes and the results from previously reported holes continue to support the geological model of extensive lithium mineralisation hosted in lepidolite rich pegmatite dykes and veins currently defined over a strike length of 1km, which remains open."
"The prospective zone at the Reung Kiet Prospect, which is at least 1km long, is now supported by drilling results along the whole trend and the lithium mineralisation remains open to the north and south and at depth on many sections. "
"Our drilling success in conjunction with our recent capital raise led to our decision to target an increased Mineral Resource to supply a 10,000 tonne per annum lithium hydroxide or lithiumcarbonate plant for 10 plus years. This is double our earlier target. We are drilling more meters to deliver a larger inaugural Mineral Resource to support a larger Scoping Study, and we plan to deliver both in the 1st Quarter of CY22."
"Peer feasibility studies suggest that lepidolite is potentially the lowest cost source of lithium, and our location in Southeast Asia provides added advantages, including our lower cost environment, proximity to all required process inputs and a large selection of established and emerging lithium chemical consumers.”
"The Mineral Resource will be used as part of a Scoping Study that plans to consider initial production of up to 10,000tpa of LCE and associated by-products."
"PAM is focusing on lepidolite as a source of lithium as peer group studies indicate that lithium carbonate and lithium hydroxide projects using lepidolite as their plant feedstock have the potential to be placed at the bottom of the cost curve. Lepidolite has also been demonstrated to have a lower carbon emission intensity than other lithium sources."
PAM Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
