Anson Resources enters trading halt pending test work results
Shares in the company last traded at 7.6 cents before being halted.
Company
Anson Resources Ltd
ASX:ASN
Anson Resources Ltd (ASX:ASN) is a junior mineral resources company with a portfolio of minerals projects in key demand-driven commodities. The company's core asset is the Paradox Lithium Project in Utah, in the USA. Anson is focused on developing the Paradox Project into a significant lithium producing operation.
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Anson Resources lifts Paradox lithium exploration target 30% after staking new claims
An exploration target of between 85 million and 171 million tonnes of brine has been set at the project in Utah.
Anson Resources aims to re-enter three wells as part of fast-track lithium strategy
Recently staked claims have provided options to re-enter and sample existing wells at the Paradox project.
Hardware & electrical equipment
Lithium demand surges along with growth in electric vehicle market
GlobalData forecasts that demand for lithium will more than double to 58,300 tonnes in 2022.
Anson Resources increases lithium prospective claims at Paradox project by 33%
The 334 new claims total 2,640 hectares and surround the Cane Creek well and industrial lease.
Anson Resources’ drill approval provides another option as US lithium project advances
The Long Canyon A1 site may assist in establishing a JORC-compliant resource at the Paradox project.
Anson Resources on-site lithium evaporation tests compare favourably with lab tests
Lithium concentration in the evaporation ponds increased to 398ppm after 17 days of evaporation.
Anson Resources continues to receive positive lithium brine test results
Reactor evaporation completed within two hours and lithium concentration increased to 891 ppm.
Anson Resources test work shows grades of lithium and boron rising higher
Shares in the company have tripled over the past month to 14.5 cents.
Anson Resources receives lease approval for pilot plant area
The lease for the pilot plant adjoins the Cane Creek 32-1 well pad area.
Anson Resources produces first lithium carbonate, shares rise
Shares in the company are trading up 13.7% to 16.5 cents intra-day.
Anson Resources to raise $2.5 million in share placement
Funding will go towards estimating a maiden lithium brine JORC resource.
Anson Resources granted trading halt pending capital raising
The halt will remain in place until the start of normal trading on Thursday, July 12, or when the announcement is released.
Anson Resources test work reveals higher grade concentrates, shares surge
This work forms part of Anson’s plan to fast-track the lithium brine project.
Anson Resources’ US lithium strategy sees Arrowhead initiate coverage
The New York-based company has placed a Fair Market Value of 5 cents to 9 cents on the ASX-listed explorer.
Anson Resources sees good flow rates upon re-opening sampled well
Data showed good flow rate, pressure and brine temperature.
Anson Resources surges 62% on positive Paradox lithium evaporation tests
Initial bench top test work on brine from Cane Creek 32-1 has increased lithium concentration by 250%.
Anson Resources re-opening Cane Creek well to conduct further tests
To obtain data to assist with battery grade lithium production process design.
Anson Resources applies for lithium drilling permit at Paradox
The proposed new A1 LC hole is required to estimate a lithium JORC resource.
Anson Resources upgrades lithium exploration target at Paradox project
Project economics have improved, providing Anson with the confidence to proceed to stage 3.