Pan Asia Corporation Limited is an energy resources company. The Company operates in Australia and Indonesia segments. The Australian segment derives its revenues from its investments in the entities making up the Indonesian segment and from interest on its cash deposit. The Company intends that the Indonesian segment will derive revenue from the exploration assets it holds and from royalty and off-take agreements. The Company owns interest in its flagship underground high calorific value (CV) thermal coal project, the PT Transcoal Minergy Project in South Kalimantan, Indonesia. It has also completed an exploration-drilling program on the concession resulting in a total Joint Ore Reserves Committee (JORC) resource of around 177.30 metric tons. The JORC Resource from mineable seams is around 130 metric tons. Its subsidiaries include Innovation West Pty Ltd, Innovation West Mentewe Pte Ltd, PT Transcoal Minergy, PT PZC Services and Triumph West Pty Ltd.