Sign up Australia
Proactive Investors - Run By Investors For Investors

Anson Resources receives lease approval for pilot plant area

The lease for the pilot plant adjoins the Cane Creek 32-1 well pad area.
Cane Creek pad looking from behind towards the proposed location of the Industrial Pad
Brine will be able to be pumped from the well directly to the pilot plant

Anson Resources Ltd (ASX:ASN) has had its lease application approved for 15 acres of industrial land at its Paradox lithium project in Utah, US.

Positively, the lease’s original location has been moved to now join with the Cane Creek 32-1 well pad creating a combined total area of 25 acres.

This area plans to be used for extraction of the brine and an in-field pilot plant to produce battery-grade lithium and other minerals.

The advantage of the relocation of the industrial lease to abut the well pad area is that it will allow Anson to pipe brine from the Cane Creek well directly into the pilot plant.

READ: Anson Resources produces first lithium carbonate, shares rise

Anson’s managing director Bruce Richardson said: “SITLA’s agreement to relocate the industrial lease so that it abuts the Cane Creek 32-1 well pad allows the company to continue to fast-track the Paradox Lithium Project into production and is another significant step forward.

“The project has a number of unique advantages which the company will continue to seek to leverage to increase shareholder value.”

Infrastructure advantage

The Cane Creek 32-1 well has produced oil and gas and may still be capable of supplying Anson with an energy source for the operation of the pilot plant.

In addition, a power line owned by the local power corporation passes through the Cane Creek 32-1 oil and gas lease owned by Anson and power could also be utilised as an energy source.

Access to the project area is via sealed highways and graded all-weather roads and tracks.

View full ASN profile View Profile

Anson Resources Ltd Timeline

Related Articles

June 27 2018
Metalla's royalty portfolio looks set to grow and grow
February 08 2018
The Gunnison Copper Project is slated for commercial production in the second half of this year
Picture of gold bar
March 21 2018
Dandoko is in the Kenieba inlier where more than 50-million ounces of gold have been discovered.

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