RK has a mineral resource estimate of 14.8 million tonnes at 0.45 per cent lithium oxide for 164,500 tonnes of contained lithium carbonate equivalent (LCE). BT has an exploration target of between 16 and 25 million tonnes at 0.4 to 0.7 per cent lithium oxide.

Within the KT project sits the KT West and KT East prospects. Neither have a mineral resource estimate or exploration target pinned to them just yet, but today’s news of more pegmatites in KT East gives rise to thoughts of it being proposed sometime in the not-too-distant future.

Pan Asia says it is taking aim at a prefeasibility study (PFS) at the RK project, in addition to developing a mineral resource at the nearby Bang I Tum prospect, just a few kilometres north of its major Thailand site.

The area is strategically positioned to provide battery metals to the growing Southeast Asia market, which has been valued at $4.32 billion this year, with a compound annual growth rate (CAGR) of 6.77 per cent for the next five years. By 2029, the market is estimated to be worth about $6 billion.

And it is not a bad time to be finding lithium in Thailand, where the cost of extraction is expected to be cheap and the execution times fast when compared with western jurisdictions.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au