Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Tama Atacama Lithium Project – Exploration Concessions Granted

by January 12, 2024
January 12, 2024
Tama Atacama Lithium Project – Exploration Concessions Granted

Battery and critical metals explorer and developer Pan Asia Metals Limited (ASX: PAM) (‘PAM’ or ‘the Company’) is pleased to advise that the first series of Exploration Concessions have been granted at its Tama Atacama Lithium Project.

PAM has received confirmation that a net total of ~211km2 or 21,100Ha of Exploration Concessions have been granted at the Pink Lithium Prospect, part of PAM’s Tama Atacama Lithium Project. These granted Exploration Concessions fall within Option Agreement 2 (see Appendix 1) and bring the total area under granted Exploration Concessions to 286km2 or 28,600Ha, see Figures 1 and 2.

This is the first of a series of Exploration Concession grants. The grant of Exploration Concessions in Chile is a judicial process, therefore one can have a high degree of confidence in the procedure for their grant. A further 138km2 (13,800Ha) of Exploration Concessions are expected to be granted later in January and 240km2 (24,000Ha) in first half February, with the remainder during the period through to April 2024.

On the 19th of December 2023, the Chilean Congress approved Law No. 21420, bringing into effect modifications to the Chilean Mining Code. Of significance is the increase in the term of Exploration Concessions to 4 years with the possibility to extend for a further 4 years, replacing the former 2 year + 2 year licensing regime.

Next Steps

PAM is in discussions with geophysics and drilling service providers and plans to begin drilling on granted license areas at the Pink Project early this year. The aim of the drilling program is to identify lithium bearing aquifers at depth. Upon identification, PAM will conduct detailed drilling in anticipation of defining an initial resource later in 2024. Final timing for drill testing will be subject to rig availability. PAM’s objective is to conduct evaporation testwork as well as submit bulk volumes of lithium brines for evaluation by various DLE providers.

The Company is progressing both its Thai and Chilean lithium initiatives. PAM has secured two strategically significant lithium projects and looks forward to keeping Shareholders and the market updated on its progress.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
From Selloff to Surge: Growth Stocks Rebound After CPI
next post
MTM Acquires Flash Metals

Related Posts

Canada Beats China for Top Spot in Global...

February 13, 2024

First Nations Engagement Key as Critical Minerals Boom...

March 28, 2024

Avricore Health Corporate Update – Mid-Year Review Demonstrates...

September 2, 2023

International Lithium

December 12, 2023

Victoria Gold Shares Drop After Landslide at Eagle...

June 27, 2024

5 Top Weekly TSXV Stocks: Sintana Energy Jumps...

April 29, 2024

5 Top Weekly TSXV Stocks: Aurania Resources Jumps...

July 10, 2023

Portofino and Lithium Chile Partner on Winning Bid...

January 10, 2024

Canada Nickel Confirms Discovery at Mann Central, Successfully...

February 23, 2024

The Fed Left Rates Unchanged — What Happened...

June 15, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Fed Watch: Key Bullish Patterns in the S&P 500, Utilities, and Crypto

    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

    • Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

    • Drill Contract Awarded for Elizabeth Hill. Technical Visit Completed to Define Drill Targets

    • $2.6M Placement and SPP to fast-track China entry and sales

    • NorthStar Gaming Announces Receipt of Management Cease Trade Order

    Categories

    • Business (1,183)
    • Investing (2,407)
    • Politics (3,699)
    • Stocks (1,553)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved