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17/07/2024
Mining News

Pan Asia Metals secures option agreement for RK Lithium Prospect in Thailand

Pan Asia Metals Limited has taken a significant step forward by securing an exclusive option agreement for the RK Lithium Prospect in Thailand. This agreement, covering approximately 42 hectares, encompasses the entire mineral resource of the RK Lithium Project, including the historical Reung Kiet tin mine and its extensions.

Managing Director Paul Lock emphasized the importance of this milestone for Pan Asia Metals, highlighting its implications for engaging potential strategic partners and advancing mining license applications. He underscored the positive relationship established with the landholder and local communities in PhangNga Province, which has been instrumental in the project’s development.

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The option agreement not only consolidates Pan Asia Metals’ operational footprint but also aligns with existing mining zones, providing a clear path for future mining lease applications and operational activities. This secured landholding will further support feasibility studies, discussions with investors, and the overall progression of the RK Lithium Project.

Pan Asia Metals looks forward to leveraging this strategic advantage to drive continued growth and development in Thailand’s lithium exploration sector.

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