Primary Power is PAH's renewable energy vehicle that invests directly into the sector. The Company’s initiative into the renewable energy sector and our investment in GP Hydro has been actively progressed so as to offer our shareholders:
Growth industry with strong government support
Exposure to established best-in-class technology
Robust product that has an established market acceptance
Innovative product that can form part of an off-grid renewable energy project
Low cost entry into a growth market
Through the Company’s wholly owned subsidiary, PAK will look to grow and develop the renewable energy business in the Asia-Pacific region.
Pacific American Holdings Limited (PAK) through its wholly owned subsidiary has a 303 million tonne JORC resource at its flagship Elko Project. The Elko Project is located in the East Kootenay Basin in British Columbia, Canada. The projects high value product from the Elko region has been tested and confirmed to contained coking properties that are sought after by South East Asian steel mills.
Elko is located in a known mining area, with the advantage of having established infrastructure and supportive local communities. PAK has conducted in-field exploration activity and has advanced the Elko Project through to the initial Concept Design stage. The 2018 exploration program included 9 holes for a total of 3,451m of drilling has recently been completed.