Pan Asia Metals Ltd (ASX:PAM) non-executive director David Docherty has shown his confidence in the company’s battery and critical metals strategy with the purchase of shares in on-market transactions.
Between April 28 and May 4 Docherty acquired 250,000 shares with a total value of $35,000 in an indirect interest, increasing the number of securities held after the change to more than 21.829 million.
Potential pegmatites intersected in recent drilling
Pan Asia recently intersected pegmatite dyke swarms in all three recently completed diamond drill holes at RK Prospect within the Reung Kiet Lithium Project in southern Thailand.
The pegmatite contains locally abundant lepidolite with spot hand-held XRF analysis of core showing elevated levels of rubidium, cesium, manganese as well as accessory tin, tantalum and niobium.
Pegmatite is shallow dipping, extends to plus 100 metres down dip from surface and remains open down dip.
The Reung Kiet Prospect (RK) forms part of the Reung Kiet Lithium Project (RKLP), one of PAM’s key projects.
RKLP, is a hard rock project with demonstrated potential for lithium hosted in lepidolite/mica rich pegmatites chiefly composed of quartz, albite, muscovite and lepidolite, with minor cassiterite and tantalite as well as other accessory minerals, including some rare earth.
The company also has tungsten assets in Thailand and Australia.