Pan Asia Metals (PAM) has received approval from Thailand’s Minerals Act Committee (MAC) for exploration licence application ‘SPLA2’ at the company’s Khao Soon Tungsten Project.

Once a licence is approved by the MAC, it goes through several procedural steps, including being signed by the Director-General, Department of Primary Industries and Mines (DPIM), and then sent to the local DPIM for registration and licence payment.

Managing director Paul Lock said this was one of two outstanding licence re-applications. 

He said: “The MAC approval demonstrates that Government related processes and procedures in Thailand are working well during the COVID-19 pandemic, this bodes well for the second SPLA7 licence application being prepared for the MAC.”

SPLA2 licence area

The SPLA2 licence area contains the Target 2 tungsten prospect which was recently investigated by PAM in its IP geophysics program.

The objective of the program was to investigate a strong tungsten in soil anomaly with proximal tungsten mineralisation in laterite and local tungsten mineralisation in bedrock, which was identified by shallow aircore drilling. 

Target 2 now represents a high-priority drill target.

Khao Soon Tungsten Project approved licence area (solid green) 

Drilling planned

The company is preparing an upcoming drill program with access agreements to be finalised in May and drilling to start on the day the IPO is completed.

Lock said: “PAM is also discussing its upcoming drill program with its preferred drilling contractor and plans to move the diamond core drill rig from PAM’s Reung Kiet Lithium Project to Khao Soon and begin site preparations – our objective is to start drilling on the day the IPO is completed.”

The company has experienced some minor delays with its IPO plans due to COVID-19.