Sign up Australia
Proactive Investors - Run By Investors For Investors

Anson Resources sees good flow rates upon re-opening sampled well

Data showed good flow rate, pressure and brine temperature.
highway sign reading 'welcome to utah'
Temperature of brine at surface was 83F, beneficial for processing

Anson Resources Ltd (ASX:ASN) is witnessing freely flowing brine from the recently sampled and re-opened Cane Creek 32-1 well within the Paradox lithium brine project in the US.

The flow rate of 45,600 gallons per day shows there is a good amount of pressure within the well which will make for low future operating costs.

Leaving the well open will facilitate the collection of additional bulk samples of brine future test work.

READ: Anson Resources surges 62% on positive Paradox lithium evaporation tests

Anson’s managing director Bruce Richardson said: “In order to fast track the Paradox Brine Project into production the properties of the brine when extracted need to be understood to ensure that all of the advantages that it offers can be taken into account when designing the production flow chart.

“Higher than normal pressure at this depth will assist in maintaining flow rates, a temperature of 830F will assists in the process if evaporation is required, as the initial test work done by Outotec indicates.

“For example, if less energy is needed to evaporate the brine to cause some salts to precipitate and further concentrate lithium in the brine solution, then it would be expected that there will be an positive impact on operating costs.”

View full ASN profile View Profile

Anson Resources Ltd Timeline

Related Articles

man standing in front of piles of bauxite ore
September 06 2018
Metro is targeting around two million tonnes of production this calendar year.
1531831317_LesothoBrown_hires.jpg
July 18 2018
Tsodilo Resources is currently evaluating a diamond project situated right in the heart of one of the world's most prolific diamond-producing areas
Mkango
August 21 2018
Mkango is now well underway with the largest drill programme to date at Songwe

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 2018

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