Pan Asia Metals (ASX: PAM) has officially signed formal documentation to acquire 100% interest in the Tama Atacama Lithium Brine Project, spanning approximately 1,200km². This project, situated in South America, boasts extensive lithium anomalies, reaching up to 2,200ppm Li and averaging 700ppm Li, making it one of the region's largest lithium brine projects. PAM has transformed Memorandums of Understanding into binding Option Agreements to purchase the project, initiating discussions with potential strategic partners.
The company plans geophysics and drilling activities in early 2024, emphasizing the project's Tier 1 status in a Tier 1 jurisdiction. Managing Director Paul Lock envisions Tama Atacama becoming a significant global lithium brine project, citing high lithium assays, strategic positioning, and favorable infrastructure and labor conditions. Ongoing developments in the Chilean lithium sector further support PAM's advantageous position, with recent key transactions by multinational companies.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
