Pan Asia Metals
Financials:
Primary ticker: ASX:PAM
Stage of development: Exploration, Development
Primary minerals: Lithium
Project to promote: Reung Kiet Hard Rock Lithium and Kata Thong Geothermal and Hard Rock Lithium Projects
Project location: Thailand
Website: www.panasiametals.com
Pan Asia Metals Limited (ASX:PAM) is a battery and critical metals explorer and developer focused on the identification and development of projects in Asia that have the potential to position Pan Asia Metals to produce metal compounds and other value-added products that are in high demand in the region.
Pan Asia Metals currently owns two lithium projects and one tungsten project. The projects are located in Thailand, a low cost advanced industrial economy, and fit Pan Asia Metal’s strategy of developing downstream value-add opportunities situated in low-cost environments proximal to end market users.
Complementing Pan Asia Metal’s existing project portfolio is a target generation program which identifies desirable assets in the region. Through the program, Pan Asia Metals has a pipeline of target opportunities which are at various stages of consideration. In the years ahead, Pan Asia Metals plans to develop its existing projects while also expanding its portfolio via targeted and value-accretive acquisitions.
Cash: AUD$6M
Debt: NIL
Major Shareholders:
PAUL LOCK – 28.7%
THAI GOLDFIELDS NL – 13.8%
HOLICARL PTY LTD – 4.8%
CITICORP NOMINEES – 4.1%
DAVID HOBBY – 3.2%
Management Ownership – 49%
Management Profile
Paul Lock – Managing Director
Paul has been involved in minerals exploration in South East Asia since 2012, with his work in this region forming the foundations of what is now Pan Asia Metals.
Before Pan Asia Metals Paul has held corporate advisory, leveraged finance and project finance roles, with substantial experience in corporate and single asset project finance in the resource sector. Prior to these roles Paul was a derivatives trader and a high yield bond investor focusing on a variety of asset classes, generally distressed or complex assets.
Paul graduated from Hale School in Perth, Western Australia, and has obtained the following academic qualifications: Master of Political Economy, University of Sydney; Master of International Studies, University of Sydney; Master of Commercial Law, Macquarie University; Master of Business Administration, Macquarie Graduate School of Management; and Bachelor of Business, Marcus Oldham College. Paul is an Member of AusIMM.
What is your rationale for taking part 121 Mining Investment?
Pan Asia Metals is taking part in 121 London to raise its profile with institutional investors.
What recent news would you like to highlight to investors attending?
16 Aug 2021 – Reung Kiet Lithium Project Drilling Update
31 Aug 2021 – Geothermal Li and Hard Rock Li-Sn Initiative
07 Sep 2021 – Thick pegmatites intersected Reung Kiet Lithium Prospect
14 Sep 2021 – Drilling Update – Reung Kiet Lithium Prospect
28 Sep 2021 – Drilling Update – Reung Kiet Lithium Project
22 Oct 2021 – Quarterly Activities/Appendix 5B Cash Flow Report
22 Oct 2021 – Quarterly Activities/Appendix 5B Cash Flow Report
03 Dec 2021 – Drilling Update – Reung Kiet Lithium Prospect
07 Dec 2021 – Drilling Update – Reung Kiet Lithium Prospect
31 Mar 2022 – Annual Report to shareholders
22 Apr 2022 – Drilling Update- Reung Kiet Lithium Prospect
26 April 2022 – Second drilling rig arrives at Reung Kiet Lithium Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
MRE Estimate at Reung Kiet Lithium Project
Award of license applications Kata Thong Lithium Project
6 Months:
Scoping Study for the Reung Kiet Lithium Project
Award of license applications Kata Thong Lithium Project
Begin exploration at Kata Thong Lithium Project
Bring in additional exploration and development assets
12 Months:
Pre-Feasibility Study for the Reung Kiet Lithium Project
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
There are no current risks that are considered material or that don’t go with the minerals exploration and development landscape
What do you think makes your company such a compelling investment?
PAM leads its peer group on ESG, its peer group being explorers and developers in the <250M MCap range.
Geographic positioning – The only lithium projects in Asia ex China, situated in an advanced industrial economy.
Geology – Lepidolite style lithium projects are the lowest cost source of lithium. PAM has secured extensive application areas with known geothermal fields and known high level background lithium grades.
Cost – PAM is situated in a low cost environment with all process input requirements in close proximity and its projects sit in the middle of emerging and established EV and LIB markets, being India, Thailand, Malaysia, Taiwan, China, South Korea and Japan.
Emissions – PAMs lithium projects are in close proximity to the 240MW Rajjaprabha hydro electric power station.
What are the top 3 key investor takeaways?
Low cost – low emission lithium projects situated in close proximity to rapidly developing LIB and EV markets.
An advanced ESG program.
Board of Directors and Management with substantial experience in and knowledge of Asia.