Reung Kiet Lithium Project Mineral Management Master Plan No. 2 Approved, Mining Zones Declared

Pan Asia Metals Limited (ASX: PAM) is pleased to report that the Cabinet of the government of Thailand has approved Mineral Management Master Plan No.2 (MMMP2) prepared by the National Mineral Management Policy Commission (NMMPC)1 and proposed to the Cabinet by the Ministry of Natural Resources and Environment. The MMMP2 remains in effect until December 31, 2027 and is part of a broader Mineral Management Strategy planned out to 2037.

Provisions contained in MMMP2 allow the NMMPC to designate Mining Zones. This has resulted in Mining Zones being declared across much of the Reung Kiet Project Area and captures the entire Reung Kiet and Bang I Tum mineralised trends (see Figure 1). The declaration of these Mining Zones now gives Pan Asia the legal right to submit Mining Lease applications and to conduct all activities relevant to establishing a mining business on its tenements which make up the project.

In addition to declaring Mining Zones, the MMMP2 has been expanded to include investment promotion and facilitate mechanisms and policies for mineral exploration, resource extraction and related downstream industries. MMMP2 also aims to educate the public to increase its knowledge and understanding of the Mineral Management Master Plan.

In preparation of the Company’s Mining Lease Applications, Pan Asia has been conducting baseline environmental studies at Reung Kiet to assess local air quality, surface and groundwater water quality, noise monitoring and community related health monitoring. At the same time, Pan Asia has been conducting community information programs in association with its ongoing community support programs that focus on health, well-being, education and sports.

Figure 1 - Reung Kiet Lithium Project, Mining Zones

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