Anson Resources increases Paradox Brine Project area in Utah by 20%
It has staked an additional 228 placer claims, which are highly prospective for lithium-rich brines and abut Anson’s Cane Creek claims at its Paradox Brine Project in Utah.
Company
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.
318 stories · page 7 of 16
It has staked an additional 228 placer claims, which are highly prospective for lithium-rich brines and abut Anson’s Cane Creek claims at its Paradox Brine Project in Utah.
The company is closely following the ‘proven’ exploration strategy used to discover the nearby world-class Julimar Nickel-Copper-PGE Project.
The ASX-listed battery metals producer is moving to advance the Yellow Cat project in Utah given the obvious potential to supply high-grade uranium ore to help fill existing local mill processing capacity.
The company’s shares will remain in a trading halt until Tuesday, September 14, or when an announcement is released to the market.
Anson Resources Ltd is up 19.39% on receiving positive battery test-work results from NOVONIX Ltd, demonstrating its high-purity lithium makes batteries last longer.
Test-work for high-performance lithium-ion batteries using Anson’s high purity lithium carbonate and lithium hydroxide is proving successful.
The ASX-lister is well on its way to developing a world-class lithium brine project right on Tesla’s doorstep as it updates a key economic study on the flagship Paradox Basin asset in Utah.
As part of its continual improvement agenda, Anson is testing several alternative DLE technologies with the aim of improving operational and economic performance, as well as taking into account Environmental, Social & Governance (ESG) consi
The company’s lithium DLE recovery rate increased from 80% to 90% without a of chemical wash.
Brine from the production wells will be supplied to the planned Paradox Brine Project bromine/lithium plant.
A recent site visit demonstrates that Anson’s plan of operations application is progressing through the US Bureau of Land Management system.
The early results from the resource mapping indicate The Bull Project has similar features to the world-class Julimar nickel-copper-PGE deposit.
The company is pleased to start the next stage of exploration at the project that will allow its technical team to generate and refine a suite of targets for planned drill testing later this year.
The company is encouraged by the data generated from the drone magnetic survey and subsequent 3D aeromagnetic inversion model that identified bedrock conductors within the anomaly.
This follows considerable interest shown by North American investors after the recent updated preliminary economic assessment for the Paradox Brine Project in Utah, USA.
The Bull nickel-copper-platinum group element project is just a stone’s throw from the Julimar discovery, which bears striking similarity to Anson’s 100%-owned asset.
The magnetic signature at the Bull is underlain by magnetic features that are similar to what is seen at the Julimar discovery.
A supersaturated brine aquifer below the existing resource has provided a new exploration target of 1.3-1.8 billion tonnes grading 80-140 parts per million lithium and 2,000-3,000 parts per million bromine.
The company believes the leases add strategically important areas with potential for the future location of re-entry programs, drilling of production wells and brine extraction activities.
The updated PEA to accelerate the production of lithium chemicals to Phase 1 of the project follows a strategic review and recognition of changing market conditions for lithium.