Save to read list
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Tuesday, 09 July 2024 14:00
Battery and critical metals explorer and developer Pan Asia Metals Limited has announced that it has entered into an exclusive option agreement with the owner of the property on which the RK Prospect is situated.
Pan Asia Metals’ Managing Director, Paul Lock, said: “Securing the landholding over the RK Lithium Prospect is an important step for discussions with potential strategic partners and for lodgment of a mining licence application. The option agreement also speaks volumes for PAM’s team in Thailand, and the reputation they have built on the ground with the landholder and the local communities in
PhangNga Province. PAM has enjoyed a positive relationship with the landholder for many years and looks forward to working together into the future.”PAM has executed an option agreement over the land area on which the RK Lithium Prospect is situated, which captures all of the mineral resource. The RK Lithium Prospect is the southernmost prospect of the RK Lithium Project. The land area under the option agreement is approximately 42 ha. (0.42km2) in area and includes the full extent of the historical Reung Kiet tin mine, the southern extension and a substantial portion of land area to the east of the mineralisation zone.The land area under the option agreement also falls within the previously declared mining zones. The mining zones give PAM the legal right to submit mining lease applications and to conduct all activities relevant to establishing a mining business on its tenements which make up the RK Lithium Project. Securing the landholding will also facilitate discussions with strategic investors, completion of the feasibility study, and submission of a mining licence application.
Read the article online at:
This article was published by:
Visit the original article here
