Amazing to see PAM get more good prospective clay and brine land...

Amazing to see PAM get more good prospective clay and brine land holdings with "Multiple surface assays above 1,000ppm Li and up to 2,200pp Li".

"Chile’s new public-private model will see private firms to retain control of projects in non-strategic areas (i.e. those not on Salar de Atacama or Maricunga), with the Government adopting a flexible strategy to attract the private sector to participate. Chile is looking to reverse the decline in its market share of lithium as well as looking to encourage downstream investments. Companies able to add value will have an advantage under the new model, which fits perfectly with PAM’s mid-stream chemical strategy. PAM’s holding in the highly prized Pampa del Tamarugal Basin has increased to 13% of the basin.”

Let's hope that Paul gets rigs organised to start by latest October. "PAM’s aim is to commence drilling as soon possible which will evaluate both brine and clay target zones."

Paul has taken a contrarian approach to Chile with people scared and avoiding it, he has done the opposite to try secure a great deal for future of the company. In the short term, the market may not react too much to Chile news although should improve with a clearer political view on lithium and if PAM can get a resource defined.