Sign up Australia
Proactive Investors - Run By Investors For Investors

Anson Resources upgrades lead deposit to JORC 2012

Anson’s flagship project is the Paradox Lithium Brine Project located in Utah, U.S.
stock market price chart going up
The stock has increased 14x over the past 3 months to be trading at $0.14

Anson Resources (ASX:ASN) has successfully upgraded its 100% owned Mary Springs lead deposit located in Western Australia to JORC 2012 standards.

This was achieved using the recently acquired historical Mary Springs database along with a review of all historical drilling, soil geochemistry and geophysical surveys.

The Indicated and Inferred resource totals 390,000 tonnes grading 6.5% lead.

Bruce Richardson, managing director, commented: “Anson’s flagship project, the Paradox Brine Project, in Utah is Anson’s main focus.

“However, the additional targets interpreted for the Ajana Project are of interest and should be explored in the future to continue to create shareholder value.”

Project portfolio

The Mary Springs lead deposit is part of the Ajana Graphite Project which is one of three projects in Anson’s portfolio that provide exposure to a range of clean energy commodities and geographical locations:

- Paradox Lithium Brine Project (Utah, U.S.);
- Ajana Graphite Project (Western Australia); and
- Hooley Wells Nickel-Cobalt Laterite Project (Western Australia).

Paradox Lithium Brine Project

The Paradox Lithium Brine Project consists of 291 placer claims covering an area of 23.3 square kilometres in the U.S. state of Utah, an 11-hour drive to the Tesla Gigafactory.

The project covers an 8.9-kilometre strike length along what is known as Robert’s Rupture, a significant rift, thought to be a source of lithium rich brines.

Historical brine analysis taken within 800 metres of the project produced results ranging from 500 ppm to 1,700 ppm lithium, comparable to the world's highest grades of lithium brine.

A proven basin and new lithium province

Anson is strategically located in the deepest part of the Paradox Basin, a basin where brines are known to exist.

A new lithium province is forming known as The Four Corners and Anson has one of the largest landholdings compared to peers in the new province.

Companies in The Four Corners postcode include Liberty One Lithium Corp (CVE:LBY), Voltaic Minerals Corp (CVE:VLT), US Cobalt Inc (CVE:USCO), Power Metals Corp (CVE:PWM), American Potash Corp (CNSX:AMP) and MGX Minerals Inc (CNSX:XMG).

Comparing lithium grades

For the purpose of context, a 1,700 ppm lithium brine grade is very high compared to select lithium brine deposits worldwide:

- Atacama, Chile (1,400 ppm);
- Bonnie Claire, Nevada (340 ppm);
- Clayton Valley, Nevada (200 ppm);
- Uyuni, Bolivia (200 ppm);
- Big Smokey Valley, Nevada (160 ppm); and
- Hombre Muerto, Argentina (160 ppm).

READ NOW: Anson Resources' shares soar as results higher than expected from Paradox Brine Project

READ NOW: Anson's shares spike on continued progress at lithium project in the U.S.





Register here to be notified of future ASN Company articles
View full ASN profile View Profile

Anson Resources Ltd Timeline

Related Articles

Sayona Mining: Access latest PPT from Proactive's CEO Sessions
July 27 2017
Corey Nolan updated investors on lithium projects in Australia and Canada.
potash-delivery.jpg
July 31 2017
As well as RHA and Zulu, the firm has assets in Mozambique and a stake in private firm Circum Minerals
Mustang Resources' Christiaan Jordaan with investors at Proactive's CEO Sessions
October 06 2017
Christiaan Jordaan discussed rubies with investors at Proactive's CEO Session in Melbourne.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use