is not Material

and this

exclusion does

not detract from

the

understanding of

the report, the

Competent Person

should clearly

explain why this

is the

case.

Data · In reporting · Bulk intersections are reported

aggregat Exploration at >

ion Results, 0.05%WO

methods weighting 3, and may rarely, allow for

averaging internal

techniques,

maximum and/or diliution of < 0.05%WO3.over 2m

minimum grade down hole. No top cut has been

truncations applied.

(

eg cutting of

high grades) and

cut-off grades · Higher grade zones within the

are usually bulk lower grade zones are

Material and reported, at > 0.3%

should be WO

stated. 3 and allow for internal dilution

of <0.3%

· Where aggregate WO

intercepts 3 up to 2m wide. Some higher

incorporate cut-off grade zones are reported

short lengths of where material, generally >0.8%

WO

high grade results3. Some lower grade to anomalous

and longer WO3 zones

lengths of low

grade results, are also reported where material.

the procedure

used for such · Metal equivalents are not

aggregation reported.

should be stated

and some typical

examples of such

aggregations

should be shown

in

detail.

· The assumptions

used

for any reporting

of metal

equivalent

values should be

clearly

stated.

Relations· These · For Pan Asia drill core, the

hip relationships results reported for most holes

between are particularly can be considered near to very

important in the near to true thickness.

mineralis reporting of

ation Exploration Mineralised zones are shallow

widths Results. dipping at 25-35 degrees, most

and holes are drilled normal to strike

intercep· If the geometry and normal to near normal to

t of the dip.

lengths

mineralisation wit

h respect to the

drill hole angle

is known, its

nature should be

reported.

· If it is not

known and only

the down hole

lengths are

reported, there

should be a

clear statement

to this effect

(

eg 'down hole

length, true

width not

known').

Diagrams · Appropriate · See attached report and Figures.

maps and

sections (with

scales) and

tabulations of

intercepts

should be

included for any

significant

discovery being

reported These

should include,

but not be

limited to a

plan view of

drill hole

collar locations

and appropriate

sectional

views.

Balanced · Where · All material drill results are

reportin comprehensive reported.

g reporting of all

Exploration

Results is not

practicable,

representative

reporting of

both low and

high grades

and/or widths

should be

practiced

to avoid misleadin

g reporting of

Exploration

Results.

Other · Other · The surface areas containing and

substant exploration surrounding the reported drilling

ive data, if results have been mapped and soil

meaningful and sampling and rock-chip sampling

explorati material, should has taken place. Results from

on be reported these programs indicate extensive

data development of a ferruginous

including (but

not limited to): latertic zones and weatherd breccia

geological zones at surface. These generally

observations; occur in association with large W

geophysical in soil

survey results; anomalies.

geochemical

survey results;

bulk samples -

size and method

of treatment;

metallurgical

test results;

bulk density,

groundwater,

geotechnical and

rock

characteristics;

potential

deleterious or

contaminating

substances.

Further · The nature and · The mineralization has generally

work scale of planned been intersected in widely spaced

further work holes

(

eg tests for in close proximity to surface.

lateral Infill drilling is planned as well

extensions or as extensional drilling at depth.

depth extensions A metallurgical evaluation is also

or large-scale planned for the variety of

step-out oxidized and fresh mineralization

drilling). intersected.

· Diagrams

clearly

highlighting the · See attached report and Figures

areas of

possible

extensions,

including the

main geological

interpretations

and future

drilling areas,

provided this

information is

not commercially

sensitive.

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061408631497 
Pan Asia Metals

(END) Dow Jones Newswires

February 24, 2021 00:45 ET (05:45 GMT)