Pan Asia Metals (ASX: $PAM) secures additional exploration concessions in Chile

Pan Asia Metals Limited (ASX: $PAM) has announced the granting of substantially all Exploration Concessions in its holdings under Option Agreement at its Tama Atacama Lithium Project in Chile. The company has received confirmation of additional net total of ~303km2 or 30,300Ha of Exploration Concessions, increasing the total area of granted Exploration Concessions under Option Agreements and MOU to ~1,234km2 or 123,400Ha.

Executive Commentary on Tama Atacama Lithium Project Expansion

The grant of additional exploration concessions in Chile marks a significant milestone for Pan Asia Metals. This expansion enhances our strategic position in the lithium market and underscores our commitment to advancing our lithium projects through to feasibility. The increase in the term of Exploration Concessions to 4 years with the possibility to extend for a further 4 years, as approved by the Chilean Congress, provides us with an extended timeline to capitalize on these concessions. We are confident in the potential of the Tama Atacama Lithium Project and remain dedicated to sustainable and innovative lithium resource development.

Summary of Pan Asia Metals' Tama Atacama Lithium Project Expansion

Pan Asia Metals Limited (ASX: $PAM) has successfully secured additional exploration concessions at its Tama Atacama Lithium Project in Chile, significantly increasing the total area of granted Exploration Concessions under Option Agreements and MOU. The company's dedication to producing innovative, high-value products with a minimal carbon footprint positions it as an ideal partner for meeting the soaring demand for battery minerals. With the recent modifications to the Chilean Mining Code, the extended term of Exploration Concessions provides Pan Asia Metals with an opportunity to capitalize on these concessions until 2027 and 2028. The company is focused on developing an integrated supply chain to deliver relevant and in-demand products to the Li-ion battery market, and it plans to expand its global lithium resource sustainably through its extensive holdings in Asia and South America.