The company’s ongoing exploration has not only expanded the known extent of the pegmatite field, but also confirmed that KT East has a bigger footprint than the combined RK and BT lithium prospects, making it a drill-ready target.

Further sampling and mapping in areas where anomalism remains open is now planned and may be followed by a trenching program. Management will also test the areas where large-scale historic surface mining for tin has been undertaken.

Not satisfied to sit back on its heels as a single project company, Pan Asia ventured into the South American lithium brine sector earlier in the year by picking up an option for 1200 square kilometres of granted exploration licences called the Tama project in northern Chile’s Atacama Desert.

More recently, the company also put its foot on some promising ground in Chile’s Central Copper Belt by triggering an option to buy the Rosario copper project to explore for porphyry-style mineralisation. Sitting just 10km north of the State-owned El Salvador mine that hosts 800 million tonnes of ore grading 0.59 per cent copper for a total of 4.7 million tonnes of contained copper, the project is certainly in the right region to find an “elephant”.

Pan Asia has got a busy time ahead of it in the next few months as it not only pushes to build on the promising work done so far at its Thai lithium grounds, but it is also seeking to follow up on an induced-polarisation (IP) program that has just kicked off at Rosario to test its metallurgical amenability to heap leach processing.

That is likely to be enough to see shareholders keeping a close eye on the progress.

Is your ASX-listed company doing something interesting? Contact: [email protected]