At KT, it has identified a zone of lepidolite (a lithium-rich mica) pegmatites in an area measuring about 1.5km by 500m, with many pegmatite dykes ranging from 7m to 10m and up to 20m wide, while its rock chip sampling results provide ongoing encouragement.

Additionally, old mine dumps in the north reveal extensive lepidolite pegmatites, which management views as enhancing prospectivity in that direction.

Pan Asia says it sees KT as a substantial extension to its RK and BT prospects, with the potential to add significant resource tonnage.

The company has already paid an initial $143,000 as part of its new land agreement and expects to hand over a further payment of $122,500 by October 1 and another $143,000 by December 31. The option is slated to expire on February 28 next year.

Management says it has held initial meetings with a potential strategic partner, an Asia-based lithium chemicals processor, and discussions are ongoing with a view to developing the RK project. It also plans to continue to explore the KT prospect in a bid to establish the extent of the dyke swarm through its geochemical sampling and mapping.

Grid-based soil and rock chip sampling, geochemistry and geological mapping has already begun and Pan Asia is looking to drill KT later in the year.

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