The natural resource investment firm said the programme had started with initial confirmatory drill holes orientated to intersect lepidolite pegmatite, a type of lithium bearing mineral, which was located around 20-30 metres below the floor of a historical pit mine at the project.
Depending on the findings, MTR said deeper drilling was planned to follow the confirmatory drill holes.
The RKLP is in the South East Asian tin and tungsten belt in Southern Thailand, an area that was a major tin mining district up until the 1980s.
“We strongly believe that the Reung Kiet Lithium Project has unique characteristics, with potentially one of the largest suites of lepidolite pegmatites in its global peer group”, said Michael McNeilly, chief executive of Metal Tiger.
“Through PAM’s drilling programme, we hope to realise the potential of the project and we look forward to updating shareholders as progress continues.”
MTR had said back in January that drilling was due to start in the first quarter of the year after PAM was awarded special prospecting licences by the Thai authorities that would last until 2024.
In mid-morning trading Thursday, Metal Tiger shares were steady at 1.4p.
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