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Pan Asian Metals – a mining company focused on achieving the benefits of producing downstream products

Pan Asian Metals (PRIVATE-UK:PAM) is currently private but planning to list on the ASX during the first half of this year.

The company has tungsten and lithium projects located in Thailand, and differentiates itself from its peer group by focusing on advancing its projects to produce higher-value downstream products rather than concentrates.

Paul Lock is not only the managing director of the company but also the major shareholder with a 39% interest in the business. Paul has 25 years experience in the commodities and finance sectors and has been operating in south-east Asia since 2012. He was previously managing director of Mandalay Mining and Metals.

Pan Asian Metals owns 100%, of two lithium projects, Reung Kiet and Bang Now, and one tungsten project, Khao Soon, all of which are located in Thailand (Figure 1).

Figure 1: Location of Pan Asian Metals projects

Source Pan Asian Metals

The Reung Kiet Lepidolite Project is located the Phang-Nga Province, in an area of extensive tin m..

Pan Asian Metals (PRIVATE-UK:PAM) is currently private but planning to list on the ASX during the first half of this year.

The company has tungsten and lithium projects located in Thailand, and differentiates itself from its peer group by focusing on advancing its projects to produce higher-value downstream products rather than concentrates.

Paul Lock is not only the managing director of the company but also the major shareholder with a 39% interest in the business. Paul has 25 years experience in the commodities and finance sectors and has been operating in south-east Asia since 2012. He was previously managing director of Mandalay Mining and Metals.

Pan Asian Metals owns 100%, of two lithium projects, Reung Kiet and Bang Now, and one tungsten project, Khao Soon, all of which are located in Thailand (Figure 1).

Figure 1: Location of Pan Asian Metals projects

Source Pan Asian Metals

The Reung Kiet Lepidolite Project is located the Phang-Nga Province, in an area of extensive tin mining (Figure 2). There are two prospects that the company has initially targeted within this area, the Reung Kiet prospect to the southern end of the tenement package and the Bang I Tum Prospect to the north.

Figure 2: The Reung Kiet Lepidolite Project

Source Pan Asian Metals

At the southern prospect, lepidolite bearing pegmatites have been defined over a strike of two kilometres (km) with high-grade average rock chip samples from the southern portion of the pegmatite grading at 1.41% Li2O (lithium oxide). Initial drilling on the northern section of the pegmatite returned lower-grades, leading the company to focus its next phase of work on the higher-grade southern section. The pegmatites appear open along strike to both the north and south.

At Bang I Tum, the northern prospect within the Reung Kiet Lepidolite Project, there are a series of alluvial and hard rock tin pits and initial sampling has demonstrated the presence of widespread lepidolite mineralisation associated with the historic tin pits.

The Bang Now Lepidolite Project, is located within the Chumphon Province, also in an area of historic tin mining. Initial rock chip samples in and to the north of the historic alluvial mine have demonstrated the presence of high-grade Li2O (Figure 3).

Figure 3: The Bang Now Lepidolite Project

Source Pan Asian Metals

The Khao Soon Tungsten Project is located in the Nakhon Si Thammarat Province (Figure 1). The project contains a historic underground tungsten mine that operated to a depth of 80m between 1970 and 1980 producing around 500,000 tonnes at a very high-grade of 2.2% WO3 (tRead More – Source

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Great Western Exploration appoints executive chairman

Great Western Exploration Limited ASX:GTE) has appointed current non-executive chairman Kevin Somes to the position of executive chairman effective immediately.

Somes has agreed to assume the role as executive chairman with no increase to his non-executive remuneration package of $55,000 per annum plus superannuation.

Other appointments[hhmc]
Jordan Luckett has stepped down as managing director for personal reasons but will continue to provide support in his new role as technical direRead More – Source

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Proactiveinvestors
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Great Western Exploration Limited ASX:GTE) has appointed current non-executive chairman Kevin Somes to the position of executive chairman effective immediately.

Somes has agreed to assume the role as executive chairman with no increase to his non-executive remuneration package of $55,000 per annum plus superannuation.

Other appointments


Jordan Luckett has stepped down as managing director for personal reasons but will continue to provide support in his new role as technical direRead More – Source

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Australia

Pure Minerals receives coverage from Independent Investment Research

Pure Minerals Ltd (ASX:PM1) has received research coverage from Independent Investment Research (IIR).

The 22-page report goes into detail regarding the proposed Townsville Energy Chemical Hub (TECH) Project in Queensland.

The report notes the building blocks are coming together quickly for the TECH Project with the pre-feasibility study (PFS) completed in December 2019 as well as the recently completed high purity alumina (HPA) scoping study.

Share price at deep discount to project's estimated NPV[hhmc]
Using a share price of 1.9 cents, the company has a market capitalisation of $16.1 million.

While the report does not designate a share price target, it does estimate a net present valuation (NPV) for the proposed TECH Project of between $47 million and $585 million.

The research firm does note the valuation relies on a number of factors including PFS assumptions and project approvals.

The following is an extract from the report:

VALUATION VERY SENSITIVE, BUT PRICE TREND PO..

Pure Minerals Ltd (ASX:PM1) has received research coverage from Independent Investment Research (IIR).

The 22-page report goes into detail regarding the proposed Townsville Energy Chemical Hub (TECH) Project in Queensland.

The report notes the building blocks are coming together quickly for the TECH Project with the pre-feasibility study (PFS) completed in December 2019 as well as the recently completed high purity alumina (HPA) scoping study.

Share price at deep discount to project's estimated NPV


Using a share price of 1.9 cents, the company has a market capitalisation of $16.1 million.

While the report does not designate a share price target, it does estimate a net present valuation (NPV) for the proposed TECH Project of between $47 million and $585 million.

The research firm does note the valuation relies on a number of factors including PFS assumptions and project approvals.

The following is an extract from the report:

VALUATION VERY SENSITIVE, BUT PRICE TREND POSITIVE

If we include the deferred consideration shares, Pure Minerals at A$0.019/sh would have a market capitalization of A$16.1M. Our NPV for the NiCo plant ranges from A$47M using the cycle price lows of the last three years to A$585M using cycle price highs over the last three years, and A$241M assuming current spot prices flat in real terms forever. The HPA bolt-on is additional value. These valuations are for the project only, and take no account of the cost of corporate overheads, nor of financing diRead More – Source

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Pure Minerals gains new substantial holder in managing director John Downie

Pure Minerals Ltd (ASX:PM1) has gained a new substantial holder in managing director John Downie.

Downie now holds 40.78 million shares increasing his stake in the company to 6.83%.

High-purity alumina (HPA) scoping study adds value[hhmc]
Pure recently received results for a scoping study evaluating the production of high-purity alumina (HPA) from its Townsville Energy Chemicals Hub (TECH) Project in Queensland.

The scoping study assessed the production of 4N HPA on a standalone basis, using the aluminium hydroxide as a feedstock.

This scoping study followed the December 2019 pre-feasibility study (PFS) on the TECH Project which identified the production of HPA as a key value-add opportunity for the project.

A 25-year operation producing 4,007 tonnes per annum (tpa) of 4N HPARead More – Source

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Proactiveinvestors
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Pure Minerals Ltd (ASX:PM1) has gained a new substantial holder in managing director John Downie.

Downie now holds 40.78 million shares increasing his stake in the company to 6.83%.

High-purity alumina (HPA) scoping study adds value


Pure recently received results for a scoping study evaluating the production of high-purity alumina (HPA) from its Townsville Energy Chemicals Hub (TECH) Project in Queensland.

The scoping study assessed the production of 4N HPA on a standalone basis, using the aluminium hydroxide as a feedstock.

This scoping study followed the December 2019 pre-feasibility study (PFS) on the TECH Project which identified the production of HPA as a key value-add opportunity for the project.

A 25-year operation producing 4,007 tonnes per annum (tpa) of 4N HPARead More – Source

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