PAM has been granted an additional 303km2 or 30,300ha of exploration concessions. Credit: Dronepassio / Shutterstock.

Pan Asia Metals (PAM) has secured the final exploration permits for its Tama Atacama Lithium Project in Chile.

The new group of exploration concessions span 303km², or 30,300ha.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

With the recent approvals, PAM’s total area of granted exploration concessions under option agreements and MOUs has expanded to 1,234km² or 123,400ha.

The majority of these concessions are within PAM’s holdings under option agreements 1 and 2, with the area under these agreements increasing by 290km² to 1,036km², or 103,600ha.

The latest permit represents the fifth series of Exploration Concession grants, with the previous four announced in January and February 2024.

See Also:

Additionally, PAM has been granted a further net total of 13km², or 1,300ha, of exploration concessions at the southern part of the Ramatidas Lithium Prospect and the PowerLine Lithium Prospect.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

These areas are part of the 400km² of concessions still under MOU and are currently under review.

If included, they will become part of PAM’s Tama Atacama Lithium Project, bringing the total area under MOU with granted exploration concessions to 263km², or 26,300ha.

Significant changes to the Chilean Mining Code were enacted on 19 December 2023 with the approval of Law No. 21420.

Notably, the term of exploration concessions has been increased to four years, with the option to extend for another four years, replacing the previous two-year plus two-year licensing regime.

Consequently, the latest concessions obtained by PAM will expire in 2027 and 2028, providing a more extended period for exploration activities.

Earlier this month, PAM obtained an exclusive option agreement for the RK Prospect property in Thailand.

The RK Prospect is situated at the southern end of the RK Lithium Project, encompassing an area of 42ha.