The latest investor presentation is largely a regurgitation of...

The latest investor presentation is largely a regurgitation of previously announced work. Having said that, it does provide reasonable detail of what PSM is doing and planning in South Korea.
To those who are unfamiliar with South Korea, it is a hugely underexplored region. Although it appears PSM are targeting the Periodic Table of Elements, it is an artefact of being one of the “first movers” in the country. PSM first went there through the acquisition of a private company in 2013.
South Korea once had a thriving mining culture with many small, artisanal metallic mines including gold, base metals, tungsten/molybdenum and graphite. Mines in South Korea closed in the 1990s primarily due to low commodity prices, at a time when South Korea was emerging as a manufacturing powerhouse with companies such as Hyundai, LG, Samsung and POSCO attaining international prominence. The mining industry was relegated to an insignificant corner of the economy and there is a widespread perception in South Korea that the former mines were fully exploited, never to be re-opened. The real story is very different.
A number of international companies have recognised the South Korea potential and are actively engaged in the country. PSM is prominent among them, but others are Southern Gold (ASX:SAU), Almonty Industries (TSX-V:AII) looking to develop the former Sangdong tungsten mine and Battery Mineral Resources (ASX:BAT), graphite.
So, watch this space for further developments in PSM’s ambitious programmes.