
Pan Asia seeks to build significant projects; de-risking them ready for development partnership / offtake agreements with quality, life of mine partners.

The directors of Sam's Seafood Holdings Limited (ASX:SSS) (the Company, proposed to be renamed as Pan Asia Corporation Limited) are pleased to announce the mobilisation of a diamond drilling rig to the Roda Niaga Coal Project located approximately 10km to the west of Batulicin, southern Kalimantan, Indonesia. A contract has been signed with PT Maxidrill Indonesia for the drilling of up to seven (7) diamond drill holes targeting high quality thermal coal deposits.