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.
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The test-work has indicated a lithium quality that exceeds commercially available Tier 1 products currently used in the production of high-performance lithium-ion batteries.
In addition to the significant progress made with respect to engineering studies underway at Paradox, it is accelerating the production of lithium chemicals to Stage 1, following a strategic review and recognition of improving market condit
The timeframe for an updated Stage 1 lithium preliminary economic assessment (PEA) and brine PFS completion is late first quarter/early second quarter 2021.
Novonix provides high precision battery testing equipment and advanced R&D services to tier-1 battery makers and OEMs including Panasonic, CATL, Samsung, SK Innovation, LG Chem, Bosch, Honda and Dyson.
The initial ground truthing sampling program is the first phase in Anson’s low-cost exploration program at The Bull Project.
Drone magnetic and ground gravity surveys will be carried out over the main target area and data obtained will be used to produce high-resolution imagery for the interpretation of structural details and geometry.
Funds raised through the placement will be used to accelerate exploration across the company’s base metal portfolio in Western Australia, with a particular focus on The Bull nickel-copper-platinum group elements project.
An MLEM survey will be conducted over the next few months at the Bull Project in WA, with an initial small-scale drilling program to be carried out next quarter.
This indicates that The Bull has a similar geological terrane as Chalice Gold Mines' Julimar Nickel-Copper-PGE discovery correlating with the geophysical interpretation.
The Bull forms a key focus in the company’s WA base metal exploration portfolio especially with renewed interest in nickel sulphide mineralisation and associated copper and PGE minerals.
Up to 22 metres at 0.97% nickel, 1.08% chromium and 0.06% copper, including 8 metres at 1.24% nickel and 1.17% chromium from 16 metres has been assayed at the project in limited shallow historic drilling programs.
Initial mapping and XRF sampling has been completed by SRK Consulting with high grades of up to 26% uranium and 14% vanadium recorded.
The Bull Project is surrounded by Chalice’s Gonneville tenements, only 35 kilometres from Perth with access to all major infrastructure requirements such as major roads, rail and power.
The company has pegged an additional 26 square kilometres taking the Bull Project which is highly prospective for nickel-copper-PGE mineralisation, to 56 square kilometres.
The company is planning initial low-cost exploration programs at some of the highly prospective lead-zinc-copper-silver mineralisation targets at the project which were identified in a review of historical data.
The company has submitted a Plan of Operations for a re-entry program to the US Government for the Sunburst and Mineral Canyon wells at the project in Utah.
Funds raised will allow the company to accelerate development at its flagship Paradox Brine Project with a pre-feasibility study to begin this quarter.
Funds raised will allow the company to accelerate development at its flagship Paradox Brine Project with a pre-feasibility study to begin this quarter.
The company has made further progress towards development of its bromine and lithium production plan at the Paradox Brine Project in the USA with land and cultural surveys accepted by the Utah State Government.
The company recently made further progress towards development of its bromine and lithium production plan at its Paradox Brine Project in the USA with land and cultural surveys accepted by the Utah State Government.
