Proactiveinvestors Australia Anson Resources Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Anson Resources Ltd RSS feed en Fri, 14 Dec 2018 23:30:26 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Anson Resources receives permit to re-enter two oil wells ]]> https://www.proactiveinvestors.com.au/companies/news/211192/anson-resources-receives-permit-to-re-enter-two-oil-wells-211192.html Anson Resources Ltd (ASX:ASN) has received approval for the re-entry drilling of two historical oil wells within its Paradox Lithium Project in Utah, US.

The re-entry of these oil wells is planned to commence early in the new year, prior to which preparatory earthworks will be undertaken to prepare access to the drill sites.

The data obtained from this drilling program will be used by SRK Consulting in the estimation of a maiden JORC Resource, the timing of which remains on track.

READ: Anson Resources finalises location of pilot plant for Paradox Lithium Project

Anson is fast-tracking the development of its flagship 108-square kilometre Paradox Lithium Brine Project.

The project sits on Roberts Rupture within the Paradox Basin, where lithium concentrations of up to 1,700 ppm have been discovered.

These grades are comparable to the highest known lithium brine grades in the world.

Notably, an exploration target exists for the project of 85-170 million tonnes grading 100-500 ppm lithium.

In addition, test work completed to date has already successfully produced lithium carbonate and lithium hydroxide products.

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Fri, 14 Dec 2018 12:05:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211192/anson-resources-receives-permit-to-re-enter-two-oil-wells-211192.html
<![CDATA[Media files - Anson Resources MD talks pilot plant, test work outcomes, and project exploration ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11282/anson-resources-md-talks-pilot-plant-test-work-outcomes-and-project-exploration-11282.html Thu, 22 Nov 2018 11:09:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11282/anson-resources-md-talks-pilot-plant-test-work-outcomes-and-project-exploration-11282.html <![CDATA[News - Anson Resources finalises location of pilot plant for Paradox Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/news/209409/anson-resources-finalises-location-of-pilot-plant-for-paradox-lithium-project-209409.html Anson Resources Ltd (ASX:ASN) will locate a pilot plant for the Paradox Lithium Project in the US state of Utah on an existing well pad, which will reduce infrastructure development, time and costs.

A pilot plant at the Cane Creek 32-1 well site will incorporate Lilac Solutions’ ion exchange process to extract lithium without the use of evaporation ponds.

The design and construction process for the plant has commenced.

READ: Anson Resources shares rise after achieving high lithium recoveries from brine in the US

Anson’s managing director Bruce Richardson said: “Finalising the location of the pilot plant is a further step to fast-tracking the production of lithium products for testing by prospective offtake partners and progressing towards a pre-feasibility study.

“Locating the pilot plant at the Cane Creek 32-1 pad takes advantage of existing infrastructure, providing cost advantages for the Paradox Lithium Project.

“Strategic location”

“Strategically located in the centre of the project claims with artesian brine flow from an existing well, road access, power and with an existing construction ready pad, the company has been successful in obtaining approval for the location of the pilot plant.

“This has been done in a comparatively short timeframe, demonstrating the company’s committed objective of bringing the project into production quickly while maintaining a focus on cost minimisation,” he said.

Shares were up 9% to 9.9 cents in early trade.

READ: Anson Resources lodges re-entry application for two wells at Paradox Lithium Project

Finalising the location follows granting of State leases for Oil, Gas and Hydrocarbons (480 acres) and Mineral Salts and Potash Salts (640 acres) covering the Cane Creek 32-1 pad area.

These were granted by the State of Utah School and Institutional Trust Lands Administration (SITLA).

Anson was able to apply for the mineral salts lease because of the earlier purchase of the oil and gas lease.

Plan showing the SITLA leases and the Cane Creek 32-1 pad.

The granting of the lithium and salt lease is significant as it not only allows Anson to produce salts of lithium, boron, bromine, iodine, magnesium, sodium and calcium as well as potassium salts but also enables it to build a pilot plant on the existing oil well pad.

Construction-ready pad

This will save valuable time in advancing the project while significant costs will be also saved by utilising the existing well pad which is construction-ready.

The fenced Cane Creek 32-1 well pad covers an area of 10.6 acres, which is considered more than adequate for the planned pilot plant.

READ: Anson Resources makes appointments to address skills gap in board

In-situ buildings can be erected to contain the pilot plant equipment, which will allow the heated free flowing brine to run directly to the pilot plant, another cost-saving feature.

This strategically important oil and gas lease contains the Cane Creek 32-1 oil well where artesian flow of brine occurred during the recent sampling program.

Oil and gas possible energy source

Owning the lease enables Anson to extract the oil and gas which could possibly be used in future production processing, providing a low-cost source of energy for on-site power generation.

Oil and gas have previously been produced from the Cane Creek 32-1 well and it is possible to extract oil and gas and lithium brine from the same well from different clastic zones using separate tubing.

Cognisant of this opportunity with the granting of the oil and gas lease when determining the location of the pilot plant, the company has maintained the integrity of the oil and gas production facilities for possible future use.

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Mon, 19 Nov 2018 11:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209409/anson-resources-finalises-location-of-pilot-plant-for-paradox-lithium-project-209409.html
<![CDATA[News - Anson Resources shares rise after achieving high lithium recoveries from brine in the US ]]> https://www.proactiveinvestors.com.au/companies/news/209140/anson-resources-shares-rise-after-achieving-high-lithium-recoveries-from-brine-in-the-us-209140.html Anson Resources Ltd (ASX:ASN) has revealed that the brine from the Paradox Lithium Project in Utah is continuing to successfully produce a lithium hydroxide (LiOH) product, but with much higher recovery rates than previously reported.

READ: Anson Resources shares surge on producing first lithium hydroxide product

The company’s shares are trading about 19% higher intra-day following new results from the test work being carried out by Lilac Solutions, using the Lilac IX process for the extraction of lithium from brines.

The improved lithium recoveries are a further step forward in determining the final extraction process to be implemented to produce either lithium carbonate or lithium hydroxide using the Lilac IX process.

In the latest testing, supersaturated brine was passed through the Lilac IX process to produce a concentrated lithium sulphate solution at 10,000 – 15,000 mg/l lithium.

Lilac Solutions phase I proposed extraction flow sheet

The average recovery of lithium from the brine to the eluate was about 80%, a significant improvement to that of the original lithium hydroxide product.

The lithium eluate can be processed downstream into battery grade lithium carbonate or lithium hydroxide using conventional processes with a recovery of greater than 90%.

After the downstream processing, it is estimated that the overall lithium recovery (that is, after the extraction and downstream processing) will be about 70%.

This compares favourably with lithium recoveries below 50% for conventional operations in the South American Salars with higher grades.

Lilac Solutions’ test laboratory being visited by Anson’s CEO

Anson has now completed the evaluation of three separate technical processes for the extraction of lithium from brines at the Paradox Lithium Project:

(i) Traditional solar evaporation;
(ii) Outotec’s solvent extraction; and
(iii) Lilac’s ion extraction process.

Based upon the results, Anson has resolved to move to the next stage of project development by commissioning the design and construction of a pilot plant incorporating the production flow chart developed by Lilac Solutions’ phase I engineering project.

READ: Anson Resources lodges re-entry application for two wells at Paradox Lithium Project

Anson executive chairman Bruce Richardson said: “The results that have been achieved by the Lilac Process have been exceptional.

“To ensure that the best economic results could be achieved several different extraction methodologies have been tested.

“As an early adopter of the Lilac process, the company will gain a significant advantage over traditional brine producers by utilising a new technology that provides an improved recovery rate, a faster production process with less environmental impact and as a result improved economics.”

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Wed, 14 Nov 2018 12:44:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209140/anson-resources-shares-rise-after-achieving-high-lithium-recoveries-from-brine-in-the-us-209140.html
<![CDATA[News - Anson Resources lodges re-entry application for two wells at Paradox Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/news/208973/anson-resources-lodges-re-entry-application-for-two-wells-at-paradox-lithium-project-208973.html Anson Resources Ltd (ASX:ASN) has lodged an application to re-enter two existing wells at the Paradox Lithium Project in the US state of Utah as it aims to estimate JORC-compliant lithium resources.

A Notice of Intent (NOI) application has been submitted by wholly-owned Utah-based subsidiary A1 Lithium to the Bureau of Land Management (BLM).

It covers the Skyline Unit 1 and Long Canyon No2 wells and drilling can begin immediately after the NOI is approved, which is expected later this quarter.

Another step on estimate ‘fast-track’

Anson’s managing director Bruce Richardson said, “The submission of the NOI for these two wells, which were only staked by the company in September, is another step in fast-tracking the Paradox project into JORC resource estimation as the company progresses to a PFS.”

Plan showing the proposed drill sites.

These targets have been prioritised based on proximity to the Roberts Rupture major geological structure, the Cane Creek Anticline and cross-cutting structures in the area.

Robert’s Rupture is considered to demonstrate the extensive fracturing resulting in the formation of brine traps concentrating minerals, including lithium.

It is also a contributor to the artesian flow of the lithium-rich brine to the surface.

READ: Anson Resources lifts Paradox lithium exploration target 30% after staking new claims

The two wells are also close to the Long Canyon No1 and the White Cloud No2 wells which contain recorded lithium values of 500ppm and 1700ppm respectively.

Proposed re-entry drill hole co-ordinates.

Skyline Unit 1 well drill site is 1.4 kilometres south of the Cane Creek 32-1 well and west of Robert’s Rupture while Long Canyon No2 site is about 800 metres southeast of the Long Canyon No1 site.

Anson said that the two re-entry wells would be perforated and sampled at Clastic Zones 17, 19, 29, 31 and 33 for lithium and other mineral concentrations.

Measurements would be taken for flow rates, pressure and temperature, if practical.

READ: Anson Resources aims to re-enter three wells as part of fast-track lithium strategy

SRK confirmed in its Gap Analysis report that these five horizons should be initially targeted.

Richardson said: “SRK has confirmed that the company is on the correct pathway to achieving a JORC resource estimation.

Re-entry costs much lower

“Although there has been a short delay with the exploration program, while new re-entry targets have been secured, the timetable for completing a JORC resource estimate has been significantly reduced, as has the projected cost, as re-entry costs are much lower than new drilling.

“In addition, the new re-entry targets are closer to the higher historical grades and main geological features which provides confidence in the outcomes that will be achieved.

“This exploration drilling program is expected to be completed in Q1 2019.”

READ: Anson Resources shares surge on producing first lithium hydroxide product

Anson’s first vial of lithium hydroxide product.

Additional horizons can be sampled at the time of drilling, based on new geophysical logs obtained prior to perforating the collar pipe.

Research has shown that when drilling the Skyline Unit 1 well there was flow of brine from some clastic horizons noted.

These flows probably correlate with flows recorded from the Long Canyon No1 and White Cloud No2 wells.

Archaeological, environmental and site surveys carried out over the proposed areas have indicated that there are no issues that will affect the drilling timetable.

Access via existing roads

Access to the wells is via existing roads which pass through the claims.

The county roads are well-maintained while tracks will only need minor upgrading, thereby enabling an exploration program to begin once government approvals have been granted.

The Long Canyon No2 drill pad site.

Drill pads of the selected wells will only require minimal work as little rehabilitation has been previously carried out.

READ: Anson Resources makes appointments to address skills gap in board

At a later date, Anson also plans to drill the Matthew Fed 1, Matthew Fed 2, Coors USA and Big Flat Unit 7 wells.

Future proposed re-entry drill holes.

These additional holes are expected to result in an immediate increase in the size of the JORC resource.

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Mon, 12 Nov 2018 14:13:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208973/anson-resources-lodges-re-entry-application-for-two-wells-at-paradox-lithium-project-208973.html
<![CDATA[News - Anson Resources makes appointments to address skills gap in board ]]> https://www.proactiveinvestors.com.au/companies/news/207427/anson-resources-makes-appointments-to-address-skills-gap-in-board-207427.html Anson Resources Ltd (ASX:ASN) has strengthened the skills base of its board with two key appointments following the recent unfortunate passing of former chairman Bruce MacLeod.

Michael van Uffelen has been appointed a non-executive director while company founder and managing director Bruce Richardson has been appointed executive chairman and chief executive officer.

Passing of former chairman left skills gap

The passing of Bruce MacLeod left a skills gap at the board level and the company believes the appointments will address the gap.

Van Uffelen is an experienced director, CFO and company secretary actively engaged in managing companies.

30 years’ experience

He holds a Bachelor of Commerce degree from the University of Western Australia and is a Chartered Accountant with more than 30 years’ experience gained with major accounting firms, investment banks and public companies.

Van Uffelen was formerly the company secretary and CFO of Anson and is very familiar with the company’s activities and ambitions, particularly the Paradox Lithium Project in Utah, USA.

READ: Anson Resources shares surge on producing first lithium hydroxide product

The company recently produced its first lithium hydroxide product from the Paradox project.

This was produced during precipitation test work carried out by Lilac Solutions on a 1000-litre bulk sample extracted from the free-flowing Cane Creek 32-1 well.

Lithium carbonate and lithium hydroxide have now been successfully produced from Cane Creek brine using the Lilac process.

Anson is examining different production processes to assess the best recovery and purity results from the Cane Creek brines, which will also provide the best financial returns.

READ: Anson Resources lifts Paradox lithium exploration target 30% after staking new claims

The estimated lithium brine exploration target for Paradox was also recently increased by 30% due to the staking of additional claims in the area by Anson’s Utah-based subsidiary A1 Lithium.

This target is now between 85 million and 171 million tonnes of brine using an estimated grade of 140 to 500 ppm lithium.

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Fri, 19 Oct 2018 09:08:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207427/anson-resources-makes-appointments-to-address-skills-gap-in-board-207427.html
<![CDATA[News - Anson Resources shares surge on producing first lithium hydroxide product ]]> https://www.proactiveinvestors.com.au/companies/news/206252/anson-resources-shares-surge-on-producing-first-lithium-hydroxide-product-206252.html Anson Resources Ltd’s (ASX:ASN) shares are trading about 34% higher intra-day at 10 cents after successfully producing its first lithium hydroxide product from the Paradox Lithium Project in Utah, US.

The lithium hydroxide product was produced during precipitation test work carried out by Lilac Solutions on a 1000 litre bulk sample extracted from the free-flowing Cane Creek 32-1 well.

Both lithium carbonate and lithium hydroxide have now been successfully produced from Cane Creek brine using the Lilac process.

READ: Anson Resources produces first lithium carbonate, shares rise

This represents a further step forward in determining the production process and determining products that can be offered to customers.

Anson is examining different production processes to assess the best recovery and purity results from the Cane Creek brines, which will also provide the best financial returns.

READ: Anson Resources aims to re-enter three wells as part of fast-track lithium strategy

Anson managing director Bruce Richardson said: “The company is moving as quickly as possible to determine the most economic process to recover value from the brines contained in the Paradox Lithium Project.

“The results achieved by Lilac Solutions in being able to produce lithium carbonate and lithium hydroxide from these brines have been very impressive and are significant steps forward in the development of the project.”

Boron, bromide and iodine test work

Hazen Research, based in Denver, Colorado, has been appointed to complete a series of bench-scale experiments to examine the potential extraction and purification of boron, bromine and iodine from a representative brine sample from the Cane Creek 32-1 well.

Test work on the sample has commenced.

READ: Anson Resources lifts Paradox lithium exploration target 30% after staking new claims

Richardson added: “The ability to produce either lithium carbonate or lithium hydroxide would enable the company to meet the demands of customers of both products and would provide it with the flexibility to meet changes in the product demand.

“While test work will continue on producing battery grade lithium products, the company also looks forward to the results that are anticipated from Hazen in extracting boron, bromide and iodine, as it is considered that the extraction of these minerals may not only provide additional revenue streams but also contribute to improving the quality and recovery of lithium carbonate and/or lithium hydroxide.

“The appointment of Hatch, as a part of the team, brings significant resources and experience to lithium processing and will assist the company in ensuring that the best processing is utilised in the Paradox Lithium Project.”

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Wed, 03 Oct 2018 14:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206252/anson-resources-shares-surge-on-producing-first-lithium-hydroxide-product-206252.html
<![CDATA[News - Anson Resources enters trading halt pending test work results ]]> https://www.proactiveinvestors.com.au/companies/news/206244/anson-resources-enters-trading-halt-pending-test-work-results-206244.html Anson Resources Ltd (ASX:ASN) has been granted a trading halt by the ASX pending the release of information regarding test work results from its Paradox Lithium Project in Utah, US.

Shares in the company will remain halted until, the earlier of the release of relevant information, or, the commencement of trading this Friday 5 October 2018.

READ: Anson Resources lifts Paradox lithium exploration target 30% after staking new claims

Most recently, Anson increased the estimated lithium brine exploration target for the Paradox Lithium Project by 30%.

The exploration target is now between 85 million and 171 million tonnes of brine using an estimated grade of 140 to 500 ppm lithium.

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Wed, 03 Oct 2018 12:08:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206244/anson-resources-enters-trading-halt-pending-test-work-results-206244.html
<![CDATA[News - Anson Resources lifts Paradox lithium exploration target 30% after staking new claims ]]> https://www.proactiveinvestors.com.au/companies/news/205596/anson-resources-lifts-paradox-lithium-exploration-target-30-after-staking-new-claims-205596.html Anson Resources Ltd (ASX:ASN) has increased the estimated lithium brine exploration target for the Paradox Lithium Project in the US state of Utah by 30%.

The exploration target is now between 85 million and 171 million tonnes of brine using an estimated grade of 140 to 500 ppm lithium.

Increase due to staking of new claims

This increase is due to the staking of additional claims in the area by Anson’s Utah-based subsidiary A1 Lithium, with 1,317 claims staked, up from 983.

Anson’s managing director Bruce Richardson said, “The increase in the exploration target will improve the economics of the Paradox Lithium Project.”

READ: Anson Resources aims to re-enter three wells as part of fast-track lithium strategy

Shares were up 24% to 10.5 cents in early trade.

The brine exploration target at the Paradox project.

Richardson said, “It is significant that the area where this additional volume has been calculated includes the area around the Long Canyon No 1 and White Cloud No 2 wells where historical assays recorded high concentrations of lithium.

“Anson is aiming to target this area in its next sampling of lithium brines by re-entering nearby wells.”

READ: Anson Resources increases lithium prospective claims at Paradox project by 33%

The total area of the project is now 11,373 hectares, which makes A1 Lithium the major claim holder in the region with a large contiguous block over the major geological structures, such as Roberts Rupture.

Anson has identified that three historical wells in the new area - Long Canyon No 2, Skyline Unit 1 and Matthew Fed 1 – provide the opportunity to test the estimated exploration target.

Targets for re-entry

These targets selected for re-entry have been prioritised based on proximity to the major Roberts Rupture geological structure, the Cane Creek Anticline and the cross-cutting structures in the area.

In addition, these wells are also close to the Long Canyon No 1 well which contains a recorded lithium value of 500 ppm.

The plan below shows the Paradox project land package and the proximity of the claims to the wells in the area that have previously been assayed for lithium.

Roberts Rupture structure, which is thought to provide natural fracturing of the host rock allowing the flow of fluids, strikes through the eastern claims.

The western claims show areas of structures which are similar to that near the Roberts Rupture.

Anson previously stated that re-entering the wells to sample minerals contained in the targeted brine zones would reduce the time and costs of proving up a resource.

The company has advised: “The exploration target is conceptual in nature as there has been insufficient exploration undertaken on the project to name a mineral resource.

“It is uncertain that future exploration will result in a mineral resource.”

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Tue, 25 Sep 2018 13:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205596/anson-resources-lifts-paradox-lithium-exploration-target-30-after-staking-new-claims-205596.html
<![CDATA[News - Anson Resources aims to re-enter three wells as part of fast-track lithium strategy ]]> https://www.proactiveinvestors.com.au/companies/news/205277/anson-resources-aims-to-re-enter-three-wells-as-part-of-fast-track-lithium-strategy-205277.html Anson Resources Ltd (ASX:ASN) plans to re-enter and sample three historical oil wells as part of its strategy to fast-track lithium production at the Paradox Lithium Project in the US state of Utah.

Re-entry of existing wells is a much more cost-effective way of sampling the lithium brines than drilling new holes and the recent staking of new claims provides this opportunity.

READ: Anson Resources increases lithium prospective claims at Paradox project by 33%

The company’s Utah-based subsidiary A1 Lithium recently staked additional claims near the Long Canyon No 1 and White Cloud No 2 wells where historical assays recorded lithium values of 500 and 1700 ppm.

There are several wells in this area that could be re-entered to sample the minerals contained in the targeted brine zones, which reduces the time and costs of proving up a resource.

As a result, the exploration program to achieve a maiden JORC resource is being reviewed as higher grades are expected to improve the economic viability of the Paradox project.

READ: Anson Resources on-site lithium evaporation tests compare favourably with lab tests

Anson’s managing director Bruce Richardson said, “As part of the company’s fast-tracking to production strategy the staking of additional areas has not only provided a much greater exploration area but also many new options for the re-entering, sampling of existing wells and new drilling.”

The new claims contain seven locatable historical oil wells that have been plugged and abandoned.

The table below also shows the depth interval that the sampling of the relevant clastic horizons will be carried out for the target holes.

Three holes prioritised

Anson has identified three of these holes - Long Canyon No 2, Skyline Unit 1 and Matthew Fed 1 - as providing the greatest opportunity.

Targets selected are prioritised based on proximity to the major Roberts Rupture geological structure, the Cane Creek Anticline and the cross-cutting structures in the area.

Location of the priority drill hole targets.

In addition, these wells are also close to the Long Canyon No 1 well which contains the recorded 500 ppm lithium value.

Access to these wells is via existing roads which pass through the claims.

The county roads are well maintained and the tracks will only need minor upgrading, thereby enabling an exploration program to begin once government approvals have been granted.

Drill pads of the selected wells will require some work but little rehabilitation has been previously carried out.

Long Canyon No 2 drill pad will need very little earthworks to upgrade to drill suitability.

Anson has started work to obtain approval from the Bureau of Land Management to re-enter the three selected wells.

SRK assisting in resource preparations

The company has appointed SRK Consulting to assist in reviewing the pathway to achieving a maiden JORC resource.

SRK is reviewing existing data compiled by the company from recent exploration programs and the historical drilling and sampling to identify the additional work required to achieve a maiden resource.

This gap analysis is expected to be completed in October 2018.

“With assistance from SRK, the company is focused on producing a JORC resource as soon as possible,” Richardson said.

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Thu, 20 Sep 2018 12:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205277/anson-resources-aims-to-re-enter-three-wells-as-part-of-fast-track-lithium-strategy-205277.html
<![CDATA[News - Anson Resources increases lithium prospective claims at Paradox project by 33% ]]> https://www.proactiveinvestors.com.au/companies/news/204577/anson-resources-increases-lithium-prospective-claims-at-paradox-project-by-33-204577.html Anson Resources Ltd (ASX:ASN) has staked additional claims prospective for lithium at its Paradox project in the US state of Utah, increasing the total number of claims by 33%.

The 334 new placer claims staked by Anson’s Utah-based subsidiary A1 Lithium total 2,640 hectares and surround the company’s Cane Creek well and industrial lease.

They create a large-scale prospective and contiguous land package for lithium-rich brines of 11,373 hectares covering a large area of the Central Paradox Basin.

READ: Anson Resources’ drill approval provides another option as US lithium project advances

Anson’s managing director Bruce Richardson said, “The staking of this additional prospective ground is part of Anson’s strategic plan to fast-track the lithium project, particularly in the Long Canyon area which contains several recorded lithium values.

“We are extremely pleased to have been successful in locating these claims as it is expected that they will provide additional supersaturated brines for future processing and further improve the economic viability of the Paradox Brine Project.”

Land surrounds Cane Creek 32-1 well

The parcel of claims surrounds the Cane Creek 32-1 well where artesian flow of brine has occurred during a recent Anson sampling program.

Plan showing the claims and CZ 31 depth contours in the Central Paradox Basin.

This is also the area where an industrial lease has been submitted for future production.

In addition, the claims surround the Long Canyon No 1 and White Cloud No 2 wells where historical assays recorded high lithium values.

Seven historical oil wells are on the new claims, some close to the Long Canyon No 1 and White Cloud No 2 wells as well as Robert’s Rupture and cross-cutting structures.

These structures are geologically interpreted to be causing high pressure resulting in the artesian flow of the brine to surface.

READ: Anson Resources on-site lithium evaporation tests compare favourably with lab tests

The seven wells are prospective for re-entry for sampling and are being considered as part of a future exploration program aimed at defining a JORC resource.

In addition, the new claims have recent wells on them which could also be used for sampling programs or at a later date, production wells.

Access to these areas is provided by existing roads which pass through the claims.

The roads are well maintained and the tracks will require little upgrading, thereby enabling an exploration program to begin once government approvals have been granted.

Anson aims to complete a lithium resource estimate for the Paradox project by the end of 2018.

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Tue, 11 Sep 2018 10:45:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204577/anson-resources-increases-lithium-prospective-claims-at-paradox-project-by-33-204577.html
<![CDATA[News - Anson Resources’ drill approval provides another option as US lithium project advances ]]> https://www.proactiveinvestors.com.au/companies/news/201871/anson-resources-drill-approval-provides-another-option-as-us-lithium-project-advances-201871.html Anson Resources Ltd (ASX:ASN) will consider drilling of the Long Canyon A1 site as part of proving a JORC-compliant lithium resource at its Paradox project in the US state of Utah.

This option is now available to the company after its Utah subsidiary A1 Lithium was granted a Notice of Intent to drill the well by the Bureau of Land Management (BLM).

As well as assisting in resource calculations by the end of 2018, Long Canyon A1 (LC A1) is also being considered as a potential production well.

READ: Anson Resources on-site lithium evaporation tests compare favourably with lab tests

Anson’s managing director Bruce Richardson said: “Approval of the LC A1 application by the BLM provides the company with an opportunity to drill an exploration well to confirm the historical assay for Long Canyon No 1 of 500ppm.

“It also provides a location for a future production well and is a further step forward in the development of the Paradox Lithium Project.

“The company remains on track to defining a JORC-compliant resource by the end of 2018.”

 

LC A1 drill site is 800 metres southeast of Robert’s Rupture, a geological feature considered to demonstrate the extensive fracturing resulting in the formation of brine traps concentrating minerals, including lithium.

The feature is also considered a contributor to the artesian flow of the lithium-rich brine to surface. In addition, the drill site is about 1.3 kilometres from the Long Canyon No 1 well, northwest of Robert’s Rupture, where historical assays indicate lithium content of 500ppm.

Archaeological, environmental and site surveys were conducted over the proposed area in May

2018 with these reports provided to the BLM as part of the approval process.

READ: Anson Resources continues to receive positive lithium brine test results

The LC A1 well has been approved to drill to 7,050 feet to sample the lithium and other mineral concentrations, artesian flow, pressure and temperature recorded on Clastic Zone 31.

These were recorded when the Long Canyon No 1 and White Cloud No 2 wells were drilled.

Should Anson elect to drill the well, brines from other clastic levels will be assayed for lithium and other minerals as it drills down to Clastic Zone 31.

Possible production well

If the assay results are positive the company could consider this well for production of brine at a later date.

Since the NOI was lodged the company has acquired additional claims which provide the opportunity for re-entry, joint venture drilling and drilling in a new location.

These may assist Anson in achieving its objective of a JORC resource by the end of 2018.

All of these options are under consideration by the company.

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Tue, 31 Jul 2018 11:37:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201871/anson-resources-drill-approval-provides-another-option-as-us-lithium-project-advances-201871.html
<![CDATA[News - Anson Resources on-site lithium evaporation tests compare favourably with lab tests ]]> https://www.proactiveinvestors.com.au/companies/news/201493/anson-resources-on-site-lithium-evaporation-tests-compare-favourably-with-lab-tests-201493.html Anson Resources Ltd (ASX:ASN) on-site pond evaporation tests on lithium brine at the Paradox project in the US state of Utah compare favourably with laboratory test work.

Lithium concentration in the evaporation ponds increased to 398ppm after 17 days of evaporation subject to variable temperature and weather conditions.

READ: Anson Resources continues to receive positive lithium brine test results

The laboratory tests resulted in the concentration increasing to 433ppm after 14 days under constant temperature conditions, 24 hours per day.

Anson’s managing director Bruce Richardson said: “The company has moved quickly

to replicate the first stage laboratory benchtop test work with in-field evaporation ponds.

“This continues the strategy of fast-tracking the Paradox Lithium Project into production.

 

“The correlation of results is very pleasing.

“It provides confidence that the pilot plant to be designed through benchtop test work will be successful in extracting lithium and other minerals of high concentration once completed. “Concentrated brine from this process will be used to produce sample lithium carbonate for testing by potential offtake partners and investors.”

Work to design process flow chart

This forms part of Anson’s test work to design a process flow chart for the recovery of lithium and other minerals from the supersaturated brines and to assist in fast-tracking the project into production.

On-site tests were carried out on a bulk sample extracted from the Cane Creek 32-1 well.

The pond evaporation tests were carried out on-site where the daily temperature ranged from 13 to 39 degrees Celsius, with 12 hours of sunlight and rainfall occurring on some days.

The metals concentration in the solution during evaporation. Sodium and potassium concentrations decreased,

precipitating out as chloride salts.

These conditions result in the water temperature of the ponds varying compared to the laboratory’s constant temperature and explains why evaporation is slower than in the laboratory.

The lithium values during the evaporation test work were assayed both in the saturated brine and the crystal salts by standard lithium assay methods.

The precipitated crystals also entrap the crystallising mother liquor and some lithium in it.

As in regular mineral processing, the lithium in the crystals can be extracted by further processing.

Data from the ongoing tests will assist in developing a process flowchart to optimise production of lithium and other minerals.

In addition to the option of utilising evaporation ponds, the company is conducting tests using other extraction techniques.

A comparison of the increase in concentrations for the laboratory and pond tests over time.

The on-site test work has continued but the ponds are drying up.

This may cause the lithium concentration to plateau as it did in the bench-top test work.

READ: Anson Resources test work shows grades of lithium and boron rising higher

Unlike the lab work the concentrated brine can’t be combined and the evaporation cycle continued with the current configuration of the ponds.

However, the concentrated brine will be extracted and sent to the metallurgical laboratories carrying out the lithium carbonate production test work.

Test work will be conducted at these laboratories to determine the benefit of a higher lithium feed grade of around 398ppm compared to that at time of extraction.

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Wed, 25 Jul 2018 11:09:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201493/anson-resources-on-site-lithium-evaporation-tests-compare-favourably-with-lab-tests-201493.html
<![CDATA[News - Anson Resources continues to receive positive lithium brine test results ]]> https://www.proactiveinvestors.com.au/companies/news/201395/anson-resources-continues-to-receive-positive-lithium-brine-test-results-201395.html Anson Resources Ltd (ASX:ASN has received further encouraging results from the third and final evaporation technique trial by Outotec on the bulk sample extracted from the Cane Creek 32-1 well.

This work, which is being run in parallel with the lithium extraction process by Lilac Solutions, forms part of Anson’s plan to fast-track the Paradox Lithium Project in Utah, into production.

The goal of the Outotec test work was to study the behaviour of the brine during evaporation and to observe whether the lithium concentration could be increased.

READ: Anson Resources test work shows grades of lithium and boron rising higher

Outotec tested three evaporation processes; heat, vacuum and reactor.

The successful increase in lithium concentration using a reactor to 891 ppm, completed within two hours, resulted in a suitable lithium brine concentration as a feed for the proposed processing plant.

All three evaporation processes tested by Outotec are considered to be successful.

The reactor process was carried out after the extraction of magnesium and calcium, using precipitation, to levels below detection.

The removal of the magnesium and calcium are considered important steps as high concentration of these minerals are considered inhibitors to a successful lithium extraction process.

Anson managing director Bruce Richardson said: “A total of four different processes are being tested for the evaporation and initial processing of the brine to achieve the best economic outcome for the company and add to shareholder value.

“It is very pleasing that similar results have been achieved using the reactor evaporation process on Cane Creek artesian super saturated brines to those achieved using a synthetic brine based upon assay results of brine taken from the Long Canyon.

“While this test work is not complete, the successful removal of calcium and magnesium are important steps.

“The company is continuing with its objective of fast tracking the Paradox Lithium Project into production while at the same time ensuring that the best economic result is achieved for its shareholders.”

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Tue, 24 Jul 2018 14:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201395/anson-resources-continues-to-receive-positive-lithium-brine-test-results-201395.html
<![CDATA[News - Anson Resources test work shows grades of lithium and boron rising higher ]]> https://www.proactiveinvestors.com.au/companies/news/200896/anson-resources-test-work-shows-grades-of-lithium-and-boron-rising-higher-200896.html Anson Resources Ltd (ASX:ASN) has received further encouraging results from the extended evaporation test work on a sample from its Paradox Lithium Project in Utah, US.

The sample was taken from the re-opened Cane Creek 32-1 well and the results continue to show both lithium and boron concentrate grades increasing.

Grades are higher than the last update earlier this month, with lithium increasing to 986 ppm on day 28 and boron increasing to 12,400 ppm.

READ: Anson Resources test work reveals higher grade concentrates, shares surge

The goal of the test work was to study the behaviour of the brine during evaporation and to observe whether the lithium concentration could be increased.

Lithium concentration needed to be increased to be able to recover it from the brine by a conventional lithium carbonate recovery technique by the addition of sodium carbonate.

The successful increase in concentration to 986 ppm is considered a suitable lithium brine concentration as a feed for the proposed processing plant.

READ: Anson Resources produces first lithium carbonate, shares rise

Anson’s managing director Bruce Richardson said: “The significant increase in lithium and other minerals in this work completed by Outotec using a simple evaporation process provides the company with a better understanding of the nature of the brines at the Paradox Lithium Project.

“The precipitation of salts during the evaporation is also a positive and indicates that these high concentrated salts can be easily extracted.

“Both of these significant results assist in the development of the design of production process which is currently underway.”

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Tue, 17 Jul 2018 11:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200896/anson-resources-test-work-shows-grades-of-lithium-and-boron-rising-higher-200896.html
<![CDATA[News - Anson Resources receives lease approval for pilot plant area ]]> https://www.proactiveinvestors.com.au/companies/news/200719/anson-resources-receives-lease-approval-for-pilot-plant-area-200719.html 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.

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Fri, 13 Jul 2018 10:31:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200719/anson-resources-receives-lease-approval-for-pilot-plant-area-200719.html
<![CDATA[Media files - Anson Resources on track with development works at Paradox Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9832/anson-resources-on-track-with-development-works-at-paradox-lithium-project-9832.html Thu, 12 Jul 2018 19:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9832/anson-resources-on-track-with-development-works-at-paradox-lithium-project-9832.html <![CDATA[News - Anson Resources produces first lithium carbonate, shares rise ]]> https://www.proactiveinvestors.com.au/companies/news/200629/anson-resources-produces-first-lithium-carbonate-shares-rise-200629.html Anson Resources Ltd (ASX:ASN) has produced its first lithium carbonate (LCE) product from its Paradox Lithium Project in Utah during early precipitation test work.

The data collected will be valuable in fine-tuning the production process to produce a battery grade lithium carbonate product and ultimately the production of a final in-field pilot plant design.

The milestone follows details earlier today of a share placement which is set to raise $2.5 million.

READ: Anson Resources to raise $2.5 million in share placement

Anson’s managing director Bruce Richardson said: “The results from the test work using an alternative technology are extremely pleasing and demonstrate again that lithium can be recovered from the Cane Creek super saturated brines.

“The company continues to seek ways to fast-track the Paradox Lithium Project into production while endeavouring to maximize returns for its shareholders and as a result will continue to examine opportunities to use alternative technologies to achieve those objectives.”

Second stage test work focused on battery-grade lithium

The second stage of this test work will focus on using proprietary equipment in a larger scale test.

The test work using this production process to produce battery-grade lithium is expected to be completed in August, 2018.

Two lots of test work running in parallel

Significantly, this metallurgical test work is being run in parallel with separate test work being carried by Outotec.

The company notes the results of the Outotec test work have been pleasing and this test work is continuing.

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Thu, 12 Jul 2018 11:28:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200629/anson-resources-produces-first-lithium-carbonate-shares-rise-200629.html
<![CDATA[News - Anson Resources to raise $2.5 million in share placement ]]> https://www.proactiveinvestors.com.au/companies/news/200623/anson-resources-to-raise-25-million-in-share-placement-200623.html Anson Resources Ltd (ASX:ASN) aims to raise $2.5 million through a share placement to sophisticated and professional investors at an issue price of 11 cents per share.

Around 22.7 million shares will be issued, which will come with a 1:4 unlisted option exercisable at 20 cents expiring in two years.

Funding a maiden JORC resource

Funds raised from the placement will be used principally to progress Anson’s flagship Paradox Lithium Project in Utah.

This will include funding the re-entry of drill holes to determine a JORC resource and to produce sample product for testing by potential off-take partners/battery producers.

Funds will also be used to conduct metallurgical test work to determine the production process, and for general working capital purposes.

Stronger financial position supports future growth

Anson’s managing director Bruce Richardson said: “We are delighted with the support received for the placement and welcome a number of new institutional investors to the register.

“The quality of support for the placement reflects the enthusiasm for the company’s Paradox Lithium Project as it moves closer to its production goals.

“The placement, in addition to the ongoing funds received through the exercise of the company’s listed options, significantly enhances the company’s financial position for future growth.”

READ: Anson Resources test work reveals higher grade concentrates, shares surge

Anson recently received further encouraging results from evaporation test work on a sample taken from the re-opened Cane Creek 32-1 well.

Results how both lithium and boron concentrate grades increasing.

The objective of the test work was to assess the change in lithium concentration if evaporation was used to precipitate unwanted salts from the brine as a pre-processing step.

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Thu, 12 Jul 2018 08:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200623/anson-resources-to-raise-25-million-in-share-placement-200623.html
<![CDATA[News - Anson Resources granted trading halt pending capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/200422/anson-resources-granted-trading-halt-pending-capital-raising-200422.html Anson Resources Ltd (ASX:ASN) has been granted a trading halt by the ASX pending the release of an announcement regarding a capital raising.

The halt will remain in place until the earlier of the start of normal trading on Thursday, July 12, or when the announcement is released to the market.

Shares on a run

Shares have increased from 5 cents at the end of June to 14.5 cents at the close of trade on Monday.

The company is advancing the Paradox Lithium Project in the US state of Utah and recent news flow has supported increased investor interest.

READ: Anson Resources test work reveals higher grade concentrates, shares surge

Anson recently received further encouraging results from evaporation test work on a sample taken from the re-opened Cane Creek 32-1 well.

Results how both lithium and boron concentrate grades increasing.

The objective of the test work was to assess the change in lithium concentration if evaporation was used to precipitate unwanted salts from the brine as a pre-processing step.

Encouraging test results

Anson’s managing director Bruce Richardson said that the unexpected results of the evaporation test work using heat were very encouraging for the success of the project.

“The rapid precipitation of the salts from the brine and the resulting increase in lithium concentration in the brine should provide improved feed for the production plant resulting in improved productivity.”

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

Anson also recently reported freely flowing brine from the Cane Creek 32-1 well.

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.

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Tue, 10 Jul 2018 10:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200422/anson-resources-granted-trading-halt-pending-capital-raising-200422.html
<![CDATA[News - Anson Resources test work reveals higher grade concentrates, shares surge ]]> https://www.proactiveinvestors.com.au/companies/news/200079/anson-resources-test-work-reveals-higher-grade-concentrates-shares-surge-200079.html Anson Resources Ltd (ASX:ASN) has received further encouraging results after 24 days of evaporation test work from a sample taken from the Paradox Lithium Project in Utah, US.

The sample was taken from the re-opened Cane Creek 32-1 well and the results show both lithium and boron concentrate grades increasing.

Shares surged 83% to 11 cents.

READ: Anson Resources’ US lithium strategy sees Arrowhead initiate coverage

Anson’s managing director Bruce Richardson said: “The unexpected results of the evaporation test work using heat are very encouraging for the success of the Paradox Lithium Project.

“The rapid precipitation of the salts from the brine and the resulting increase in lithium concentration in the brine should provide improved feed for the production plant resulting in improved productivity.”

From 126ppm lithium feed to 900pm after 24 days

Richardson added: “To date the post evaporation feed is expected to be 900ppm. It should be noted that the test work is on-going and a final report from the test work, including the final feed grade of lithium and other minerals, is not expected until mid-August.

“The company will provide updates of the results when they become available.”

Assessing the use of evaporation as a pre-processing step

The objective of the test work was to assess the change in lithium concentration if evaporation was used to precipitate unwanted salts from the brine as a pre-processing step.

Results to date show that the pre-treatment evaporation for a short period would increase the feed grade of the lithium into the proposed extraction process.

The test work is not finalised and evaporation of the brine and the monitoring of the effect on the lithium concentration is continuing.

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Wed, 04 Jul 2018 11:11:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200079/anson-resources-test-work-reveals-higher-grade-concentrates-shares-surge-200079.html
<![CDATA[News - Anson Resources’ US lithium strategy sees Arrowhead initiate coverage ]]> https://www.proactiveinvestors.com.au/companies/news/200000/anson-resources-us-lithium-strategy-sees-arrowhead-initiate-coverage-200000.html Anson Resources Ltd’s (ASX:ASN) lithium strategy has seen New York-based Arrowhead Business and Investment Decisions LLC initiate coverage.

Arrowhead has placed a Fair Market Value of 5 cents to 9 cents on the ASX-listed explorer which has the Paradox project in the Lithium Four Corners area of US state of Utah as its flagship.

The range was established by Arrowhead utilising its blended valuation method.

This is based on quantitative key variable analysis, such as key price analysis for revenue and cost drivers or analysis and discounts on revenue estimates for projects.

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

Anson’s shares are trading up 7% to 6.1 cents today.

The Arrowhead report states that Anson has focused its development efforts on the Paradox Brine Project, which has lithium concentrations in the region up to 1,700 ppm.

An exploration target of lithium-rich brine within Clastic Zone 31 has been estimated at around 30 to 40 million barrels.

 

The following is an extract from Arrowhead’s report:

Paradox Brine Project

The Paradox Brine Project consists of total 892 placer claims in one contiguous group encompassing 8,122 hectares of land owned by the Bureau of Land Management located in Grand Country, Utah.

The property is lies approximately 10 kilometres west of Moab and is within a 20-minute drive from the town centre.

Originally, Moab was a uranium mining centre which has an experienced workforce and well-established infrastructure to support exploration activities.

Apart from Anson, there are other companies such as Voltaic Minerals, MGX, American potash, Liberty One, US Cobalt, Power Metals and Standard Lithium.

Brines covers an area of around 33,000 square miles throughout the Paradox Basin. Also, there are some historical wells in this region.

Recent drilling and sampling

Anson has completed two drilling programs on its Paradox Lithium Projects claims.

The first campaign mainly consisted of a re-entry of a plugged and abandoned oil well whereas the second was a sampling program carried out on an already producing oil well which had been purchased by the company.

During the first drilling program (Gold Bar Unit 2) completed in January 2018, the assays showed that the brine samples were rich in additional commodities such as bromine, iodine and magnesium whereas lithium and boron were on the lower side.

These results confirmed the assay values obtained from the historical oil well samples throughout the area.

The second sampling program was carried out on the oil producing Cane Creek 32-1 well and completed in March 2018.

Samples from the five clastic zones resulted in increased lithium values compared to those obtained at Gold Bar.

Key advantages

Infrastructure facilities: The project is connected well through interstate highway and railway. Also, the availability of a gas line and a power line means that the project has closer proximity to key infrastructure.

Geological features: The paradox basin includes a thick series of marine evaporite deposits that define the Paradox Formation. Also, the lithium-rich brines have previously been sampled in the area.

Existing mining infrastructure: Existing tracks provide access for exploration and project development. Also, there is a power line passing through the project area.

Lithium industry

Lithium is gradually becoming an integral part of various commercial and industrial sectors, owing to its excellent electrochemical potential, catalytic characteristics and light weight.

Lithium is found in continental brines, hard rock minerals and clay globally.

Lithium carbonate is one of the key intermediate and most traded products in the lithium market as it can be easily converted into specific industrial salts and chemicals and can be processed into lithium metal.

Therefore, production numbers are usually measured in terms of lithium carbonate equivalent (LCE), despite there being several compounds which are formed from lithium.

According to Albemarle, one of the leading lithium producers, lithium carbonate is often the first chemical in the production chain, with other compounds such as lithium hydroxide being produced after subsequent steps.

For that reason, global lithium production numbers are generally broken down in terms of LCE.

The global lithium exploration budget witnessed significant growth in the last two years and is expected to continue this trend primarily owing to the rising demand of lithium-ion batteries.

In 2017, the mining industry's budget for lithium exploration more than doubled from US$ 72.9 million in 2016 and quadrupled from US$36.2 million in 2015 to US$156.5 million.

The slump and downturn in budget allocation between 2011 and 2015 were due to low lithium prices and an appreciating US Dollar.

The lithium supply market is relatively small and under-developed compared to most other industrial commodities.

Global lithium output in 2015 was 171 kilotons LCE, a small percentage of the global lithium reserves (102 million tonnes LCE).

Global lithium reserves are estimated to be 594 times the 2015 global output, which is relatively high when compared to other commodities.

Therefore, lithium remains an underexploited commodity with a huge potential for increase in supply.

According to Deutsche Bank, the lithium supply is expected to triple between 2015 and 2025 to reach 548 kilotons LCE. This will be primarily led by the increasing demand for lithium-ion batteries.

Demand drivers

The demand for lithium is increasing, given its growing importance in industrial sectors –EVs, consumer electronics and the energy sector.

Lithium has numerous applications, from lubricating grease and glass fabrication to glazes for ceramics, and batteries. The metal is expected to continue to play an integral role in battery-powered vehicles and other devices.

However, the lithium market is underdeveloped in comparison to other industrial commodities, with a few conglomerate giants controlling the market.

The primary driver of demand for lithium carbonate is lithium-ion batteries, the demand for which is set to increase exponentially in the medium term.

These batteries have several advantages such as the ability to be recharged many times over and slow loss of charge when not in use.

Hence, these batteries are an integral component of EVs and other electric and electronic storage products.

Moreover, the substantial decrease in lithium-ion costs from US$900/kWh in 2010 to US$225/kWh in 2017 has also made EVs and energy storage products more affordable and has opened new demand markets as well.

Arrowhead Business and Investment Decisions received fees in 2018 and expects to receive further fees in 2018 from Anson Resources for researching and drafting this report and for a series of other services to Anson Resources including distribution of this report and networking services.

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Tue, 03 Jul 2018 16:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200000/anson-resources-us-lithium-strategy-sees-arrowhead-initiate-coverage-200000.html
<![CDATA[News - Anson Resources sees good flow rates upon re-opening sampled well ]]> https://www.proactiveinvestors.com.au/companies/news/199738/anson-resources-sees-good-flow-rates-upon-re-opening-sampled-well-199738.html 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.”

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Thu, 28 Jun 2018 12:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199738/anson-resources-sees-good-flow-rates-upon-re-opening-sampled-well-199738.html
<![CDATA[Media files - Anson Resources has busy year of exploration ahead, with key news in coming months ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9708/anson-resources-has-busy-year-of-exploration-ahead-with-key-news-in-coming-months-9708.html Wed, 27 Jun 2018 08:47:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9708/anson-resources-has-busy-year-of-exploration-ahead-with-key-news-in-coming-months-9708.html <![CDATA[News - Anson Resources surges 62% on positive Paradox lithium evaporation tests ]]> https://www.proactiveinvestors.com.au/companies/news/199544/anson-resources-surges-62-on-positive-paradox-lithium-evaporation-tests-199544.html Anson Resources Ltd (ASX:ASN) surged 62% after receiving positive results from evaporation test work on a bulk lithium brine sample from the Paradox Lithium Project in Utah, USA.

The initial bench-top tests on a bulk sample extracted from the Cane Creek 32-1 well increased the lithium concentration by 250% to 310 ppm.

Boron concentration also increased by a similar percentage while sodium and potassium concentrations reduced.

READ: Anson Resources re-opening Cane Creek well to conduct further tests

This work forms part of Anson’s plan to fast-track the Paradox project into production.

Shares are up 62% to 6 cents in late trading on strong volume of more than 30 million.

Anson’s managing director Bruce Richardson said: “The evaporation test work has provided a better understanding of the nature of the unique supersaturated multi-mineral bearing brines at the project.

"This will assist in the development of the design of production process which is underway.”

Information about brine feed

The test work will provide more information about the brine feed that can be expected from the Cane Creek well.

Bench-top evaporation test work was carried out using two separate techniques - evaporation in baths with heat lamps and vacuum evaporation.

As well as testing lithium losses during evaporation, the tests were also designed to assess the change in concentration of the minerals and also the mineral concentrations in the precipitated solids.

In-field tests to be conducted

Evaporation test work will now be carried out in bunded areas at Cane Creek 32-1 to determine if natural evaporation will provide a similar result.

The evaporation rates are known to be high in the arid desert conditions where the well is located.

This field work will also include flow rate testing over a longer period, which will provide an indication of the drawdown of the brine.

The results will provide information that can be used to determine production pipe size, location and number.

READ: Anson Resources applies for lithium drilling permit at Paradox

Richardson said: "The company remains committed to fast-tracking this project into production and will conduct natural evaporation test using ponds at the Cane Creek well in the immediate future.

“These will enable Anson to further understand these properties using the brine that was available at site from the Cane Creek well.”

Cane Creek well re-opened

The re-opening of the Cane Creek well has been completed with a work-over rig similar to that used during the sampling program.

Brines from the Clastic 29 horizon continued to flow to the surface as it did during the initial sampling program.

The well will be kept open to extract additional brine samples as required for future test work in the field and in the laboratory.

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Tue, 26 Jun 2018 15:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199544/anson-resources-surges-62-on-positive-paradox-lithium-evaporation-tests-199544.html
<![CDATA[News - Anson Resources re-opening Cane Creek well to conduct further tests ]]> https://www.proactiveinvestors.com.au/companies/news/198742/anson-resources-re-opening-cane-creek-well-to-conduct-further-tests-198742.html Anson Resources Ltd (ASX:ASN) is re-opening the Cane Creek 32-1 well as part of its plan to fast-track the Paradox Lithium Project in Utah, US into production

The company will conduct a series of tests to obtain data to assist with the design of a process flow chart for the production of battery grade lithium product and other minerals. 

READ: Anson Resources applies for lithium drilling permit at Paradox

Importantly, the test work will assist in designing the production process by providing more information about the brine feed that can be expected from the Cane Creek well.

The bench-top test work had commenced in May 2018 and is progressing according to schedule.

The entire test work is expected to be completed in August 2018, with no delays having been experienced to date.

Aiming to produce battery-grade lithium

Anson managing director Bruce Richardson said: “The company is continuing to move forward in fast-tracking the Paradox Lithium project into production.

“The re-opening of the Cane Creek well is an important step in this process.

“The company is advancing the project through further exploration, test-work and designing a process that can produce battery grade lithium and other products from the boron, bromine, iodine and magnesium that have also been found to be of high concentration in the brine from Cane Creek.”

READ: Anson Resources spikes 70% on news of supersaturated brine flow at Paradox Lithium Project

Re-opening the well will also facilitate the collection of additional bulk samples of brine which could be continuously fed through the bench-top test work, resulting in additional lithium carbonate product becoming available for testing.

This product can then be offered to offtake partners and/or battery manufacturers for analysis as the next step towards commercial offtake agreements.

A number of these partners indicated their willingness to trial Anson samples as soon as they are available during a recent visit to China by the company’s managing director.

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Wed, 13 Jun 2018 11:17:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198742/anson-resources-re-opening-cane-creek-well-to-conduct-further-tests-198742.html
<![CDATA[News - Anson Resources applies for lithium drilling permit at Paradox ]]> https://www.proactiveinvestors.com.au/companies/news/197964/anson-resources-applies-for-lithium-drilling-permit-at-paradox-197964.html Anson Resources Ltd (ASX:ASN) has submitted a notice of intent (NOI) for approval to drill a new well at its Paradox Lithium Project in the US state of Utah.

The project hosts a number of historical oil wells that Anson has been re-entering and sampling.

The drilling of a new well, such as in this case, is required to determine a JORC resource estimate.

Re-entering historical oil wells is efficient and cost-effective

Numerous producing and historical oil wells are available for re-entry and sampling.

Re-entry and sampling of open wells reduces the time and costs involved in proving up a resource.

The re-entry and sampling of open wells is part of Anson’s strategy to fast-track the project into production.

The drilling of a new well

A new well needs to be drilled to obtain sufficient geological data to determine a JORC resource.

The drill pad for the proposed new A1 Long Canyon Well (A1 LC) is 1,300 metres east of the Long Canyon No 1 well which contains 500 ppm lithium

The proposed new A1 LC hole will be drilled to a maximum of 7,050 feet.

As previously outlined, Anson plans to conduct an exploration program which includes pre-entry, sampling and the new drilling throughout 2018.

Further updates of the exploration program will be provided as an assessment of all of the opportunities available to the company is completed.

READ: Anson Resources upgrades lithium exploration target at Paradox project

Anson’s managing director Bruce Richardson said: “As part of the company’s fast tracking to production strategy the staking of additional areas has not only provided Anson Resources with a much greater exploration target but also many new options for the re-entering, sampling of existing wells and new drilling.

“The A1 LC well is strategically located to enable not only an assessment of grades of lithium, boron, bromide, iodine and magnesium but also assessment as a possible production well.”

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Thu, 31 May 2018 09:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197964/anson-resources-applies-for-lithium-drilling-permit-at-paradox-197964.html
<![CDATA[News - Anson Resources upgrades lithium exploration target at Paradox project ]]> https://www.proactiveinvestors.com.au/companies/news/197052/anson-resources-upgrades-lithium-exploration-target-at-paradox-project-197052.html Anson Resources Ltd (ASX:ASN) has upgraded the exploration target of its Paradox Lithium Project in Utah, US to a range of 65 to 130 million tonnes of brine, at a grade of 140 to 500 ppm lithium.

The increase in the exploration target is due to staking of additional claims in the area, from 291 claims to 983 claims.

READ: Anson Resources stakes new claims near Paradox Lithium Project

In addition, further research and completion of exploration programs have revealed that artesian flow occurred through the entire interval of the main brine zone (Clastic Zone 31).

The Clastic Zone 31 thickness is now interpreted to range from 3.04 metres to 6.1 metres.

The fractured clastic zones form an excellent reservoir for brines derived from underlying evaporite units.

Higher potential to recover brine

The fracturing is caused by salt flowage, and it is possible that, when brine is removed from these zones, the salt will flow into voids from which brine has been removed.

This would help maintain high reservoir pressure and assist in a high ultimate recovery of brine.

Cores obtained from wells in the area have exhibited fractures filled with salt when brine has not been present.

READ: Anson Resources experiences improved exploration success close to Long Canyon area

Anson managing director Bruce Richardson said: The Company has worked quickly to expand the project area from 89 claims to 983 claims, an 11 fold increase, in just over twelve months.

“The exploration programs at Gold Bar and Cane Creek have identified a greater thickness of brine-bearing Clastic Zone 31.

“These two factors have increased the exploration target volume by 10 to 20 fold and improved the economics of the project and provided the company with the confidence to proceed to Stage 3 of the project, the bench top test work to produce LCE product for testing by off-take partners, potential strategic investors as well as cathode and battery producers.”

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Wed, 16 May 2018 11:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197052/anson-resources-upgrades-lithium-exploration-target-at-paradox-project-197052.html
<![CDATA[News - Anson Resources stakes new claims near Paradox Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/news/196867/anson-resources-stakes-new-claims-near-paradox-lithium-project-196867.html Anson Resources Ltd (ASX:ASN) has staked an additional 177 placer claims at its Paradox Lithium Project in the US stage of Utah.

The claims contain six oil wells which are three kilometres north of wells with historically recorded lithium values and Anson’s recently drilled Cane Creek 32-1 well.

READ: Anson Resources experiences improved exploration success close to Long Canyon area

Anson’s managing director Bruce Richardson said: “This new area staked by Anson provides the opportunity to enter or re-enter six additional oil wells to sample for lithium at relatively low cost.

“In addition, the company will seek to work with the oil company that has been granted approval to drill new wells to obtain additional geological data and conduct lithium sampling as their program is conducted.

“It may also be possible to collect core samples through targeted Clastic horizons as these wells are drilled.”

The plan above shows the location of the new claims in relation to the project’s claims and their proximity to wells with historical lithium values.

The six historical oil wells on the new claims are possible re-entry targets for exploration.

In addition to lithium, high concentrations of bromine (Br), iodine (I) and magnesium (Mg) were assayed at a number of oil wells in the Long Canyon area.

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Mon, 14 May 2018 11:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196867/anson-resources-stakes-new-claims-near-paradox-lithium-project-196867.html
<![CDATA[News - Anson Resources experiences improved exploration success close to Long Canyon area ]]> https://www.proactiveinvestors.com.au/companies/news/196458/anson-resources-experiences-improved-exploration-success-close-to-long-canyon-area-196458.html Anson Resources Ltd’s (ASX:ASN) focus has been on the highly prospective Paradox Lithium Project in the US state of Utah.

The company had significant drilling success in the Cane Creek region of the project territory and in mid-April it staked three additional blocks of placer claims.

Management was particularly upbeat about the artesian flow of supersaturated brine at Cane Creek.

READ: Anson Resources' Cane Creek well demonstrates promising high-pressure and temperatures during sampling

Managing director Bruce Richardson said: “The artesian flow sustained from the Clastic Zone supports the model that the brines are under pressure in the project area and when intersected will flow to the surface.

The flow to surface of the supersaturated brine from a depth similar to that identified at Long Canyon is an indicator that the two areas may be linked.”

Drilling at Cane Creek has confirmed management’s expectation that lithium values increase towards the Long Canyon area where its wholly-owned subsidiary A1 Lithium has recently staked claims.

New claims could increase economic viability

Cloud, Cane and LC South will be part of its Paradox project with the claims being close to oil wells with historically recorded lithium values and the Roberts Rupture structure.

Richardson said: “The staking of this additional prospective ground is part of Anson’s strategic plan to fast-track the lithium project, particularly in the Long Canyon area which contains several recorded lithium values.

“It is expected to provide additional supersaturated brines for future processing and further improve the economic viability of the Paradox Brine Project.”

The Roberts Rupture structure, which is thought to provide natural fracturing of the host rock allowing the flow of fluids, is 140 metres to the east of the Cloud claims.

The new claims all have historical wells located on them which could be used for sampling programs or at a later date, production wells.

Lithium concentration related to Roberts Rupture

A maximum value of 142 parts per million (ppm) lithium from Clastic Zone 29, the free-flowing horizon, confirms the company’s belief that the lithium concentration is related to the Roberts Rupture structure and the cross-cutting structures which continue to increase in frequency to the south.

The next stage of the project development, bench top test work, can now commence with the bulk sample taken from the lithium-rich free-flowing horizon.

However, there were some important takeaways in terms of flow rates, temperatures and associated mineralisation.

Other minerals could improve economic viability

The concentrations of bromine, iodine, magnesium and additional salts are comparable to the brines sampled from the historic oil wells in the renowned Long Canyon region.

The presence of these by-products could be of significance in terms of providing a financial contribution to the Paradox Brine Project.

Both bromine and iodine are expected to be easily extracted in the proposed processing plant selected for the production of lithium.

Magnesium is precipitated at the start of the extraction process, and they all have commercial value enabling recovery and sale to an existing market.

The brine sampling program will continue for most of 2018 as it is part of the exploration program required to prove a JORC-compliant resource.

While requiring formal assessment, additional revenue generated by these possible by-products may have an impact on the project's financial feasibility.

Key upcoming milestones

The metallurgical test work and plant development program will involve a number of stages.

Assay samples from Cane Creek for lithium and other minerals will be examined at a laboratory in the US.

The second stage is the processing of a 500-litre bulk sample in a bench-top plant with a goal of producing lithium carbonate.

The results of the bench-top pilot plant will be used for the design of an in-field pilot plant, including the extraction of lithium and other minerals from the Paradox Basin brines.

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Mon, 07 May 2018 10:21:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196458/anson-resources-experiences-improved-exploration-success-close-to-long-canyon-area-196458.html
<![CDATA[News - Anson Resources receives promising lithium assays and stakes three new claims ]]> https://www.proactiveinvestors.com.au/companies/news/195312/anson-resources-receives-promising-lithium-assays-and-stakes-three-new-claims-195312.html Anson Resources Ltd (ASX:ASN) has received assay values for all six sampled clastic zones from its Cane Creek well, part of the Paradox Lithium Project in Utah.

These were significantly higher than those obtained from the Gold Bar sampling program, to the north of Cane Creek.

Lithium values increase towards Long Canyon area

Managing director Bruce Richardson said: “The results of the Cane Creek sampling program are encouraging and confirm the company’s belief that lithium values increase towards the Long Canyon area where A1 Lithium has recently staked claims.

“The next stage of the project development, the bench-top test work, can now commence with a bulk sample taken from the lithium-rich free-flowing horizon.”

A maximum value of 142ppm lithium was returned from clastic zone 29.

As the free-flowing horizon, this confirms the company’s belief that the lithium concentration is related to the Roberts Rupture structure and the cross-cutting structures which continue to increase in frequency to the south.

Other minerals could improve economic viability

The concentrations of bromine, iodine, magnesium and additional salts are comparable to the brines sampled from the historic oil wells in the renowned Long Canyon region.

The presence of these by-products could be of significance in terms of providing a financial contribution to the Paradox project.

Extraction process relatively easy

Both bromine and iodine are expected to be easily extracted in the proposed processing plant selected for the production of lithium.

Magnesium is precipitated at the start of the extraction process, and they all have commercial value enabling them to be recovered and sold to an existing market.

While requiring formal assessment, additional revenue generated by these potential by-products could have a positive impact on the financial feasibility of the project.

Brine sampling to continue until December

The brine sampling program continues for most of 2018 as it is part of the exploration program required to prove a JORC-compliant resource.

Once this is completed, the company will be in a position to complete the feasibility study required to obtain funding for a large-scale production plant.

Anson stakes new claims near Roberts Rupture structure

Anson also announced that A1 Lithium, a wholly-owned Utah based subsidiary, has staked an additional three blocks of placer claims.

Cloud, Cane and LC South will be part of Anson's Paradox project with the claims being close to oil wells with historically recorded lithium values and the Roberts Rupture structure.

Richardson said: “The staking of this additional prospective ground is part of Anson’s strategic plan to fast-track the lithium project, particularly in the Long Canyon area which contains several recorded lithium values.

“It is expected to provide additional supersaturated brines for future processing and further improve the economic viability of the Paradox project.”

The Roberts Rupture structure, which is thought to provide natural fracturing of the host rock allowing the flow of fluids, is just 140 metres east of the Cloud claims.

The new claims all have historical wells located on them which could be used for sampling programs or at a later date, production wells.

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Thu, 19 Apr 2018 11:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195312/anson-resources-receives-promising-lithium-assays-and-stakes-three-new-claims-195312.html
<![CDATA[News - Anson Resources' Cane Creek well demonstrates promising high-pressure and temperatures during sampling ]]> https://www.proactiveinvestors.com.au/companies/news/194571/anson-resources-cane-creek-well-demonstrates-promising-high-pressure-and-temperatures-during-sampling-194571.html Anson Resources Ltd (ASX:ASN) has completed a successful sampling program at the Cane Creek 32-1-25-20 well.

This is the second stage of Anson’s program at the Paradox Lithium Project in the US state of Utah.

Managing director Bruce Richardson said: “It is very pleasing to see that Anson has been able to successfully achieve a sampling program of this well only a few weeks after it was acquired.

“Even more pleasing was to see Clastic Zone 29 artesian flow with characteristics similar to those of Long Canyon with high pressure and temperature.”

Pressure at zone 29 is a good sign

Sampling was carried out on Clastic Zones 17, 19, 29, 31 and 33 and bulk samples collected.

The artesian flow from Clastic Zone 29 is a significant development and confirms that some clastic zones are under extreme pressure.

The flow rate of the brine from that zone was tested and found to be 25 gallons per minute (gpm).

Flow rates continued to increase with time over a 6-hour period when the horizon was plugged.

This is significant because it would reduce operating costs if it continued to flow during production.

Sample from zone 29 may be suitable for processing

Bulk samples were collected from all zones with 2,000 litres collected from Clastic Zone 29.

Depending upon the assay result this sample is suitable to be processed in a bench-top plant to validate earlier test work on a synthetic brine.

This showed that lithium carbonate and other products were expected to be able to be produced from the supersaturated brine.

The results of the bench-top processing will be used in the design of an infield pilot plant, to further validate that lithium and other minerals can be extracted from the brine.

Comparisons are being drawn with the nearby prolific Long Canyon 1 well and interestingly temperatures from zone 29 appeared to be broadly in line with those at Long Canyon.

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Tue, 10 Apr 2018 11:28:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194571/anson-resources-cane-creek-well-demonstrates-promising-high-pressure-and-temperatures-during-sampling-194571.html
<![CDATA[News - Anson Resources spikes 70% on news of supersaturated brine flow at Paradox Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/news/194385/anson-resources-spikes-70-on-news-of-supersaturated-brine-flow-at-paradox-lithium-project-194385.html Anson Resources Ltd (ASX:ASN) has obtained artesian flow of a supersaturated brine at 7,170 feet during sampling at its Cane Creek well, which is part of the Paradox Lithium Project in Utah.

This development prompted a share price surge in morning trade which saw the company hit a high of 8.5 cents, representing an increase of 70% on the previous day’s close.

Late in the session, almost 70 million shares have been traded.

Anson is sampling for lithium, bromide, iodine, magnesium and other minerals at the Cane Creek 32-1 well, the second stage of its exploration program at Paradox.

The flow to surface is a significant development, particularly given that the pressure required to bring the supersaturated brine to surface is similar to an adjacent high-grade well.

Comparisons with Long Canyon I well

On the score of pressure requirements, management drew comparisons with Long Canyon I well which has a historic grade of 500ppm lithium.

The free flow of the brine from 7,170 feet below the surface, weighing 10.55 pounds per gallon (ppg), continued for six hours until the horizon was plugged off to enable sampling.

Managing director Bruce Richardson said: “The artesian flow sustained from the clastic zone supports the model that the brines are under pressure in the project area and when intersected will flow to the surface.

“The flow to surface of the supersaturated brine from a depth similar to that identified at Long Canyon is an indicator that the two areas may be linked.”

Possible ramifications for economic viability

The flow of the supersaturated brine to surface with this weight from 7170 feet indicates that there is significant pressure within the clastic zone.

Pressure metrics could be relevant in terms of assessing economic viability, as if they were maintained during production, it could provide a significant saving in operating costs.

READ: Anson Resources stakes two new lithium claims at Paradox project in Utah

Only this week, Anson staked two new lithium claims at the Paradox project that are close to lithium-rich wells.

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Fri, 06 Apr 2018 11:26:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194385/anson-resources-spikes-70-on-news-of-supersaturated-brine-flow-at-paradox-lithium-project-194385.html
<![CDATA[News - Anson Resources enters ASX trading halt ahead of update ]]> https://www.proactiveinvestors.com.au/companies/news/194201/anson-resources-enters-asx-trading-halt-ahead-of-update-194201.html Anson Resources Ltd (ASX:ASN) has been granted a trading halt today by the ASX, pending the release of an update by the company.

The halt is expected to remain in place until the earlier of the release of the information or the commencement of trading on Friday, 6 April 2018.

READ: Anson Resources stakes two new lithium claims at Paradox project in Utah

Earlier this week, the company staked two additional placer claims at its Paradox Lithium Project in the US that are close to lithium-rich wells.

One of the claims is a suitable site for a future drill hole proposed as part of the exploration program Anson intends to carry out this year.

The proposed drill pad has a graded track access in place and could be levelled quickly for drilling to begin once surveys have been completed and government approvals have been granted.

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Wed, 04 Apr 2018 12:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194201/anson-resources-enters-asx-trading-halt-ahead-of-update-194201.html
<![CDATA[News - Anson Resources stakes two new lithium claims at Paradox project in Utah ]]> https://www.proactiveinvestors.com.au/companies/news/194098/anson-resources-stakes-two-new-lithium-claims-at-paradox-project-in-utah-194098.html Anson Resources Ltd (ASX:ASN) has staked two additional placer claims at its Paradox Lithium Project in the US that are close to lithium-rich wells.

The Cloud-001 and Cloud-002 claims have been staked by wholly-owned Utah-based subsidiary A1 Lithium and surround the Fidelity claim owned by another party.

They are just 40 metres from the Long Canyon No 1 oil well and 90 metres from the White Cloud No 2 well, both on the Fidelity claim.

The former has an historical recorded lithium value of 500ppm lithium and the latter has an historical value of 1700ppm lithium.

READ: Anson Resources to begin sampling brines from new well in Lithium Four Corners area

The Paradox project is within the Lithium Four Corners area of the state of Utah.

Managing director Bruce Richardson said: “The staking of this highly prospective ground is part of Anson’s strategic plan to fast-track the lithium project.

“This confirms Anson’s intent to continue its aggressive plan to fast-track towards LCE [lithium carbonate] product.”

Shares increase 10%

Anson increased 10% to 5.4 cents in early trade.

The Roberts Rupture structure, which is thought to provide natural fracturing of the host rock allowing the flow of fluids, is 140 metres east of the Cloud claims.

In addition to lithium, high concentrations of up to 6,100ppm bromine, as well as iodine and magnesium, were previously assayed at the Long Canyon No 1 well.

The Cloud-001 and Cloud-002 claims surround the Fidelity claim.

These other minerals can be extracted during the processing of the lithium.

Numerous brine analyses for other wells in the area are also listed in the UGS Special Publication 13 printed in 1965.

READ: Anson Resources suggests lithium trap could be responsible for varied assay results

“Cloud-001 provides an excellent option for the location of exploration drilling and a possible production well,” Richardson said.

“It is right next to the claim where supersaturated brine has been recorded to contain high grades of lithium and other minerals.”

Suitable drill site

The south-western corner of the Cloud-001 claim is a suitable site for a future drill hole proposed as part of the exploration program Anson intends to carry out this year.

The proposed drill pad has a graded track access in place and could be levelled quickly for drilling to begin once surveys have been completed and government approvals have been granted.

Access from well-maintained road

Access to the new claims is from a well-maintained road passing through the southwest corner of the claim.

This road is used to transport oil and water from the Long Canyon well for offsite processing.

It does not require any upgrading to enable an exploration program to begin once government approvals have been granted.

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Tue, 03 Apr 2018 11:26:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194098/anson-resources-stakes-two-new-lithium-claims-at-paradox-project-in-utah-194098.html
<![CDATA[News - Anson Resources suggests lithium trap could be responsible for varied assay results ]]> https://www.proactiveinvestors.com.au/companies/news/193423/anson-resources-suggests-lithium-trap-could-be-responsible-for-varied-assay-results-193423.html Anson Resources Limited’s (ASX:ASN) assay results from its Paradox Lithium Project in Utah fell short of expectations, but there could be a geological explanation.

Anson intercepted supersaturated brines in the three clastic horizons sampled during the re-entry drilling of the Gold Bar Unit 2 well.

There were high concentrations of magnesium, bromine and iodine, and it is possible that the low lithium levels indicate that samples are not from mineralisation that flows from the area around Long Canyon.

From a geological perspective, management said that this could be due to ‘cross-cutting’ which effectively forms lithium traps.

Second stage exploration to provide clearer picture

Anson has commenced the second stage of its exploration program at the Cane Creek 32-1 well that it purchased in February 2018.

READ: Anson Resources to start brine sampling for lithium at newly acquired well

This well is 5 kilometres south of Gold Bar Unit 2 and closer to the cross-cutting structures and Robert’s Rupture.

Once brine samples have been collected at Cane Creek 32-1 they will be sent for assaying and it is expected that the results will be available in April 2018.

Cane Creek could be the key

Should the concentration of lithium in the Cane Creek 32-1 brine prove to be of a higher value, a bulk sample will be assessed for the planned bench-top test work.

If this is successful, management suggested that the company remained on track to produce lithium carbonate in the second quarter of 2018.

Consequently, this morning’s sharp share price slump could suggest the selling hasn’t taken potentially positive upcoming events into account.

Anson has been heavily sold today, with more than 73 million shares sold by early afternoon.

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Tue, 20 Mar 2018 10:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193423/anson-resources-suggests-lithium-trap-could-be-responsible-for-varied-assay-results-193423.html
<![CDATA[News - Anson Resources awaiting samples as it works towards establishing JORC resource ]]> https://www.proactiveinvestors.com.au/companies/news/193189/anson-resources-awaiting-samples-as-it-works-towards-establishing-jorc-resource-193189.html Anson Resources Ltd (ASX:ASN) is awaiting laboratory results from brine samples targeting lithium taken from the Gold Bar Unit 2 well at its Paradox Lithium Project in Utah.

While there were some initial delays experienced in testing assays, the process is expected to be completed within 10 days.

Sampling to test continuity of mineralisation

Anson’s sampling program at Gold Bar Unit 2 aims to confirm that the supersaturated brines in the Long Canyon area were continuous to the north.

READ: Anson Resources confirms supersaturated brines at U.S. lithium project

The company is also looking to confirm that they are contained within the other clastic horizons.

In addition, the sampling program aimed to identify if the five minerals, including lithium, boron, iodine and bromine continued from the southern section of the project area.

Brine sampling is to establish JORC resource

This brine sampling program is part of the exploration program that is required to prove a JORC compliant resource.

This exploration program will continue until December 2018.

The JORC resource is required for the feasibility study that needs to be completed to obtain funding for a large-scale production plant. 

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Thu, 15 Mar 2018 08:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193189/anson-resources-awaiting-samples-as-it-works-towards-establishing-jorc-resource-193189.html
<![CDATA[News - Anson Resources to begin sampling brines from new well in Lithium Four Corners area ]]> https://www.proactiveinvestors.com.au/companies/news/192957/anson-resources-to-begin-sampling-brines-from-new-well-in-lithium-four-corners-area-192957.html Anson Resources Ltd (ASX:ASN) will start sampling brine for lithium content this week at Cane Creek 32-1 well on its Paradox project in the Lithium Four Corners area of the US.

A drilling contractor has been appointed and the work-over rig is expected to arrive on site by Wednesday.

The sampling program of five clastic zones is expected to be completed by the end of March 2018.

Samples will be assayed for lithium, magnesium, bromide, iodine and boron.

READ: Anson Resources confirms supersaturated brines at US lithium project

Bruce Richardson, managing director, said: “Anson has worked quickly to acquire and obtain approval from the Government of Utah to conduct a sampling program at Cane Creek 32-1 well.

“The planned short sampling period will enable the company to include the sample from Cane Creek in the bench-top test work program.

“This can be used to produce Anson’s first lithium carbonate in quarter two of 2018.”

READ: Anson Resources to start brine sampling for lithium at newly acquired well

The program only requires a work over of the Cane Creek well as the hole is still open and not plugged and abandoned.

Cane Creek 32-1 Well was drilled by Fidelity Oil and Gas in 2014 and has been an intermittent producer of oil and gas.

Oil extraction equipment removed

Anson has removed the oil extraction equipment from the recently acquired well, which is 5 kilometres from the company’s Gold Bar Unit 2 well where sampling has been completed.

The Paradox project is in a prolific lithium region of Utah.

Clastic zones 17, 19, 29, 31 and 33 will be sampled with zone 31 being the primary target owing to high grades of lithium being recorded in historical assay results.

Samples will be collected and sent for assay at laboratories in Nevada and this is expected to be completed by mid-April.

Bulk sample will also be collected

A bulk sample will also be collected in IBC containers from all clastic zones and stored on site for sampling.

These bulk samples can also be included in the company’s bench-top plant work program.

Brine sampling is part of the exploration program required to prove a JORC-compliant resource with the program to continue until December 2018.

The JORC resource is required for a feasibility study that Anson needs to complete to obtain funding for a large-scale production plant.

Further exploration will need to be completed and Anson has started planning these sampling programs.

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Mon, 12 Mar 2018 11:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192957/anson-resources-to-begin-sampling-brines-from-new-well-in-lithium-four-corners-area-192957.html
<![CDATA[News - Anson Resources confirms supersaturated brines at U.S. lithium project ]]> https://www.proactiveinvestors.com.au/companies/news/192389/anson-resources-confirms-supersaturated-brines-at-us-lithium-project-192389.html Anson Resources Ltd (ASX:ASN) has confirmed the presence of supersaturated brines at the Paradox Lithium Project in the Lithium Four Corners area of the U.S. state of Utah.

The brines were intersected in the three clastic horizons sampled during re-entry drilling of the Gold Bar Unit 2 well.

This work was part of the first stage of Anson’s exploration at Paradox and the company is awaiting assay results for lithium and additional elements.

READ: Anson Resources gets more funding to develop lithium brine project

Bruce Richardson, managing director, said: “While assay results from sampling remain pending, confirmation that brines collected have similar characteristics to those recorded in historic assays is encouraging.”

Anson was up almost 11% to $0.205 in early trade.

The analysis of samples from Gold Bar Unit 2 well has been more complicated than expected and as a consequence, the results have been delayed.

Brines in three zones are supersaturated

Brines from the sampled horizons of clastic zones 17, 29 and 31 were all supersaturated while zone 33 was not sampled as brine did not flow.

In zone 17 the horizon weight was 11.10 pounds per gallon, in zone 29 it was 10.35 and in zone 31 it was 10.20.

This correlates with the historical data that brines within the clastic zones were supersaturated and demonstrates that the concentration of minerals in the brine is high.

Historically, the lithium-rich brines contained within zones previously sampled in the region were supersaturated, containing between 30% and 40% total dissolved solids.

Thick sample horizons

The sample horizon in zone 17 is 19 feet thick at a depth of 6,205 feet and in zone 29 it is 18 feet thick at 7,020 feet.

In zone 31, which is Anson’s primary target zone, the horizon is 22 feet thick at a depth of 7,080 feet.

A bulk sample was collected from all the clastic zones with brines from each horizon collected in IBC containers.

Processing in bench-top plant

The samples will be processed in a bench-top plant to validate earlier test work on a synthetic brine.

This showed that lithium carbonate and other products were expected to be able to be produced from the brine.

Production of first lithium carbonate from the bench-top plant is expected in April 2018.

Results from the bench-top processing will be used in the design of an in-field pilot plant, to further validate that lithium and other minerals can be extracted from the brine.

READ: Anson Resources to start brine sampling for lithium at newly acquired well

Anson is expected to start brine sampling for lithium early this month from the newly acquired Cane Creek 32-1 oil well at the Paradox project.

This well will provide an opportunity to collect additional samples and geological data to provide an understanding of the structure of the Paradox Basin.

It is also expected to help determine what controls if any, the structures have on the concentrations of lithium.

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Thu, 01 Mar 2018 12:04:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192389/anson-resources-confirms-supersaturated-brines-at-us-lithium-project-192389.html
<![CDATA[News - Anson Resources to start brine sampling for lithium at newly acquired well ]]> https://www.proactiveinvestors.com.au/companies/news/192309/anson-resources-to-start-brine-sampling-for-lithium-at-newly-acquired-well-192309.html Anson Resources Ltd (ASX:ASN) will start brine sampling for lithium early in March from the newly acquired Cane Creek 32-1 oil well at its Paradox Lithium Project in the U.S.

This well will provide Anson with an opportunity to collect additional samples and geological data to provide an understanding of the structure of the Paradox basin.

It is also expected to help determine what controls if any, the structures have on the concentrations of lithium.

READ: Anson Resources acquires power source as it moves to first lithium carbonate in April

Bruce Richardson, managing director, said: “The next stage of Anson’s exploration program, the sampling of brines at Cane Creek 32-1, is a key step forward in determining the geology of the Paradox Basin project.

“It will provide us with more information of how best to produce lithium from the super-saturated brines.”

In Lithium Four Corners area

The Paradox project is in the Lithium Four Corners area of the state of Utah and in proximity to the town of Moab.

The Paradox Basin is in Utah's Lithium Four Corners area.

Lithium values of up to 1,700ppm have historically been recorded in close proximity to Anson’s claim area.

READ: Anson Resources raises cash from options exercise

Anson has completed the acquisition of the Cane Creek 32-1 well and associated oil and gas lease, which is 5 kilometres from the company’s Gold Bar Unit #2 well.

The company completed extracting super saturated brines from Gold Bar Unit #2 well in late January 2018 and is awaiting assay results.

After removing the oil extraction equipment from Cane Creek 32-1, Anson will begin sampling the known clastic levels that contain brine.

This will include its primary target Clastic 31 where high grades of lithium have been recorded in historical assay results.

Suitable rigs in the area

Anson expects to begin this work in early March 2018 as there are suitable rigs available in the area.

An oil and gas well has been in production until recently and remains ‘open’ with no plugs installed to abandon the well.

Cane Creek 32-1 Well was drilled by Fidelity Oil and Gas in 2014 and has been an intermittent producer of oil and gas.

The procedure to enter the well is straight-forward and Anson intends plugging off the Cane Creek zone to evaluate contents of upper clastic zones for the presence of lithium-rich brines.

Anson’s plans to enter the open well, perforate the well casing at the depths where brine has been recorded, extract samples and send them to the laboratory for assaying.

Possible production base

The strategically located well with surrounding supporting infrastructure will be assessed as a possible production base once sampling results are known.

This information, along with geological interpretation from Gold Bar Unit #2 sampling, will be used in conjunction with future sampling information to determine the location of production facilities.

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Wed, 28 Feb 2018 12:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192309/anson-resources-to-start-brine-sampling-for-lithium-at-newly-acquired-well-192309.html
<![CDATA[News - Anson Resources raises cash from options exercise ]]> https://www.proactiveinvestors.com.au/companies/news/191948/anson-resources-raises-cash-from-options-exercise-191948.html Anson Resources Ltd (ASX:ASN) has raised circa $125,000 following the issue of 5 million shares on early exercise of options at $0.025 per share.

First production of lithium carbonate from the company’s Paradox Lithium Project in Utah is expected in April 2018.

READ: Anson Resources conducting sample testing ahead of April lithium carbonate production

The company’s process sequencing will consist of extracting the boron and magnesium followed by the production of lithium carbonate.

Anson recently acquired the Cane Creek 32-1 oil well and the associated oil and gas lease which may be utilised by its in-field pilot plant.

READ: Anson Resources acquires power source as it moves to first lithium carbonate in April ]]>
Wed, 21 Feb 2018 14:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191948/anson-resources-raises-cash-from-options-exercise-191948.html
<![CDATA[News - Anson Resources gets more funding to develop lithium brine project ]]> https://www.proactiveinvestors.com.au/companies/news/191348/anson-resources-gets-more-funding-to-develop-lithium-brine-project-191348.html Anson Resources Ltd (ASX:ASN) has received an injection of circa $160,000 via the exercise of options at $0.025 per share.

Funding will likely be used towards exploration initiatives being undertaken by the company.

These include the Paradox Brine Project located in Utah and the Four Corners lithium prospect.

On track for first lithium carbonate in April

The Paradox brine project is a priority as the company makes good progress in bringing it into production by April 2018.

Another important development with this project is the identification of an existing oil well which may be utilised by its in-field pilot plant.

READ: Anson Resources acquires power source as it moves to first lithium carbonate in April Transitioning to production

Funds raised through the placement of options will assist in progressing the company’s project from bench-top test work to a feasibility study

A bulk brine sample collected from Gold Bar Unit 2 will be processed in a bench-top plant to validate magnesium can be removed and lithium carbonate can be produced.

While the transition to production will be an important step for the company, additional funds will also assist in progressing towards a feasibility study.

In-field pilot plant to contribute to feasibility study

The results of the bench top pilot plant will be used in the design of an in-field pilot plant, before moving to further drilling, feasibility study, and ultimately full-scale production.

The in-field pilot plant is intended to be a key part of a feasibility study to validate the process designed and tested in the laboratory scale bench-top plant.

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Thu, 08 Feb 2018 15:41:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191348/anson-resources-gets-more-funding-to-develop-lithium-brine-project-191348.html
<![CDATA[News - Anson Resources acquires power source as it moves to first lithium carbonate in April ]]> https://www.proactiveinvestors.com.au/companies/news/191104/anson-resources-acquires-power-source-as-it-moves-to-first-lithium-carbonate-in-april-191104.html Anson Resources Ltd (ASX:ASN) has acquired the Cane Creek 32-1 oil well and the associated oil and gas lease at its Paradox Lithium Project in Utah.

Bruce Richardson, managing director, said: “Acquiring a strategically located existing oil well completes a further step in the pilot plant plan, taking Anson one step closer to producing lithium carbonate.”

Anson will assume the bonding and rehabilitation costs and pay nominal consideration for the well and lease.

Infrastructure in place to service pilot plant

The well is strategically located near the in-field pilot plant industrial lease under consideration by the government of Utah.

It is self-powered by its own gas which may be utilised by the proposed in-field pilot plant.

A mains power line also runs through the acreage, and road infrastructure is established that could service a developed pilot plant.

First production of lithium carbonate in April 2018

Anson has been making steady progress since the successful removal of magnesium from synthetic brine was achieved in 2017.

A bulk brine sample collected from Gold Bar Unit 2 will be processed in a bench top plant to validate magnesium can be removed and lithium carbonate can be produced.

READ: Anson Resources conducting sample testing ahead of April lithium carbonate production

First production of lithium carbonate is expected in April 2018.

This process sequencing will consist of extracting the boron and magnesium followed by the production of lithium carbonate.

Progressing towards feasibility study

In addition to producing lithium carbonate, the bench-top test work is also expected to produce other marketable minerals.

These could include boron, bromine, iodine and magnesium, which may provide additional revenue for the project.

The results of the bench top pilot plant will be used in the design of an in-field pilot plant, before moving to further drilling, feasibility study, and ultimately full-scale production.

The in-field pilot plant is intended to be a key part of a feasibility study to validate the process designed and tested in the laboratory scale bench-top plant.

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Mon, 05 Feb 2018 09:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191104/anson-resources-acquires-power-source-as-it-moves-to-first-lithium-carbonate-in-april-191104.html
<![CDATA[News - Anson Resources conducting sample testing ahead of April lithium carbonate production ]]> https://www.proactiveinvestors.com.au/companies/news/190787/anson-resources-conducting-sample-testing-ahead-of-april-lithium-carbonate-production-190787.html Anson Resources Ltd’s (ASX:ASN) sample testing of brines extracted from Clastic Zone 31 at its Utah Paradox Lithium Project could be a potential share price catalyst.

Having successfully extracted brine from Clastic Zone 31 during the re-entry drilling of the Gold Bar Unit 2, a bulk sample is being tested to obtain finite results.

Bruce Richardson, managing director, said: “Successfully extracting brine from the Clastic Zone 31 significantly de-risks the project.

“It takes Anson one step closer to producing lithium carbonate on schedule in April 2018, and supports fast tracking an in-field pilot plant, planning of which is well progressed.”

Processing to validate previous test work

The sample from Clastic Zone 31 will be processed in a bench top plant to validate earlier test work on a synthetic brine.

This showed that lithium carbonate and other products were expected to be able to be produced from the brine.

The results of the bench-top processing will be used in the design of an in-field pilot plant, to further validate that lithium and other minerals can be extracted from the brine.

Assessing project economics

Sampling the assay should also assist management in understanding the economics of the project.

Further metallurgical test work will begin on the possible economics of other mineral products, including boron, bromine, iodine and magnesium.

READ: Anson Resources starts sampling on path to lithium production ]]>
Tue, 30 Jan 2018 10:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190787/anson-resources-conducting-sample-testing-ahead-of-april-lithium-carbonate-production-190787.html
<![CDATA[News - Anson Resources starts sampling on path to lithium production ]]> https://www.proactiveinvestors.com.au/companies/news/190336/anson-resources-starts-sampling-on-path-to-lithium-production-190336.html Anson Resources Ltd (ASX:ASN) has started sampling of lithium brines at the Paradox project in the Lithium Four Corners area of the U.S. state of Utah.

Sampling started after re-entry drilling of the Gold Bar Unit 2 well reached the target depth of 7,280 feet.

The samples will be collected from four Clastic horizons know to contain supersaturated brines.

After the work over rig reached the target depth, Anson pressure tested the drill pipe, which was found to be in good condition.

READ: Anson Resources on track for lithium carbonate production

Bruce Richardson, managing director, said: “Anson remains firmly on schedule to produce its first lithium carbonate in April 2018.

“In addition to having samples to assay, the likely economics of the project can begin to be understood.

“Further metallurgical test work will also begin on the possible economics of other mineral products in addition to lithium in the brines, including boron, bromine, iodine and magnesium.

“This comes as preparations and planning begin to progress to feasibility stage.”

The drilling has supported an increase in Anson shares which reached a 12-month high of $0.31 on 12 January, almost 350% higher than a month earlier.

Shares opened at $0.225 today, up from Friday’s close of $0.215.

Deep lithium-rich brines targeted

Anson is targeting lithium-rich brines in the deepest part of the Paradox Basin in close proximity to Moab, Utah.

Lithium values of up to 1,700ppm have historically been recorded within 270 metres of Anson’s claim area.

Sampling of the supersaturated brines will be supervised by SRK Consulting and samples will be sent to a certified laboratory in Nevada for assaying.

SRK’s technical team has been engaged in lithium-potassium brine projects in U.S, Australia, Chile and Argentina since 2008.

Flow rates of the brine aquifer will be measured for future modelling.

Bulk sample will be collected

A bulk sample will also be collected for processing in a bench top plant to validate earlier test work on a synthetic brine.

This work showed that lithium carbonate and other products were expected to be able to be produced from the brine.

Anson plans in-field pilot plant

After first production, results from the bench-top pilot plant will be used to design an in-field pilot plant, including the extraction of lithium and other minerals from Paradox Basin brines.

The in-field plant is intended to validate the process designed and tested in the laboratory scale bench-top plant, and is not intended to be a production plant.

Anson then plans to progress to further drilling, feasibility study and ultimately full-scale production.

READ: Anson Resources secures additional funding from Zhongfan Group

The exploration and test work is being supported by Zhongfan Group, a private, large-scale international enterprise group based in Shanghai, China, that integrates resource development, mineral trading and new material technology development.

Zhongfan and Anson have a memorandum of understanding to work towards a binding agreement for Zhongfan to fund development works at the Paradox project.

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Mon, 22 Jan 2018 10:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190336/anson-resources-starts-sampling-on-path-to-lithium-production-190336.html
<![CDATA[News - Anson Resources on track for lithium carbonate production ]]> https://www.proactiveinvestors.com.au/companies/news/189690/anson-resources-on-track-for-lithium-carbonate-production-189690.html Anson Resources Ltd (ASX:ASN) is on track to produce first lithium carbonate from its U.S. project in April 2018.

The company has started re-entry drilling of the Gold Bar Unit 2 well at the Paradox Lithium Project.

Brine samples will be sent to a certified laboratory for assaying with first results expected by the end of this month.

Bench-top processing

A bulk sample from this drilling will be collected for processing in a bench top plant to produce lithium carbonate.

The news flow from Paradox has resulted in a run on Anson’s shares and in early trade today, a new 12-month high of $0.28 was reached.

READ: Anson Resources breaks ground at Paradox Lithium Project

The project is in the Lithium Four Corners area in the state of Utah and Anson is targeting lithium-rich brines in the deepest part of the Paradox Basin.

Lithium values of up to 1,700 ppm have historically been recorded within 270 metres of Anson’s claim area.

Drilling to depth of 7,280 feet

Anson is drilling with a work-over rig to a depth of 7,280 feet and brine will be sampled from four separate clastic zones.

As well as gathering samples, flow rates of the brine aquifer will be measured for future modelling.

Earlier test work by Anson on a synthetic brine showed that lithium carbonate and other products were expected to be able be able to be produced from the brine.

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Tue, 09 Jan 2018 12:27:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189690/anson-resources-on-track-for-lithium-carbonate-production-189690.html
<![CDATA[News - Anson Resources ready to drill at U.S. lithium project ]]> https://www.proactiveinvestors.com.au/companies/news/189358/anson-resources-ready-to-drill-at-us-lithium-project-189358.html Anson Resources Ltd (ASX:ASN) has completed drilling preparations at its Paradox Lithium Project in the Lithium Four Corners area of the U.S. state of Utah.

The drill rig will now be moved to the site where it will re-enter the Gold Bar Unit 2 well and begin sampling.

Following drilling Anson will begin a metallurgical test work program of samples with the aim of producing lithium carbonate.

Strong news flow expected

A strong flow of news during 2018 is expected to support the company’s share price which continues to climb, reaching a 12-month high of $0.19 in early trade.

Bruce Richardson, managing director, commented: "Extracting brine is now extremely close and Anson remains firmly on schedule to produce its first lithium carbonate in April 2018."

READ: Anson Resources breaks ground at Paradox Lithium Project

The company has built the drill pad, excavated the cuttings pit, dug the cellar and upgraded the site access road.

Excavation of the cellar, welding the casings and installing the blowout preventers will be completed before the rig arrives, which will save time during the drilling.

The test work program involves assaying samples for lithium and other minerals at a laboratory in the U.S.A.

Bulk sample will be processed

A 500 litre bulk sample will also be processed in a bench-top plant with the goal of producing lithium carbonate.

This process will be based upon that which successfully removed magnesium from a synthetic brine sample in April 2017.

It will consist of extracting the boron by solvent extraction (SX), followed by removal of the magnesium by chemical precipitation and calcium by a SX process.

Other mineral products possible

Richardson added: "In addition to having samples to assay, the likely economics of the project can begin to be understood as further metallurgical test work will also begin on the possible economics of the other mineral products.

"In addition to lithium in the brines, other products include boron, bromine, iodine and magnesium."

These products will also be offered to potential end users for qualification test work.

Results of the bench-top pilot plant will be used for the design of an in-field pilot plant, including the extraction of lithium and other minerals from the Paradox Basin brines.

The in-field plant is intended to validate the process designed and tested in the laboratory scale bench-top plant, and is not intended to be a production plant.

Anson then plans to progress to further drilling, feasibility study and ultimately full-scale production.

READ: Anson Resources secures additional funding from Zhongfan Group

The company’s exploration and test work is being supported by Zhongfan Group, a privately owned, large scale international enterprise group based in Shanghai, China, that integrates resource development, mineral trading and new material technology development.

Last week Anson completed a further share placement to Zhongfan at $0.088 to raise $1.76 million.

Zhongfan and Anson have a memorandum of understanding to work towards a binding agreement for Zhongfan to fund development works at the Paradox project.

New appointment

Anson has appointed Nevenka Jackson as company secretary, chief financial officer and officer responsible for communication with the ASX.

The appointment will enable Michael van Uffelen to relinquish these roles in order to provide assistance to the managing director.

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Tue, 02 Jan 2018 10:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189358/anson-resources-ready-to-drill-at-us-lithium-project-189358.html
<![CDATA[News - Anson Resources' shares cruise to 12-month high ]]> https://www.proactiveinvestors.com.au/companies/news/189329/anson-resources-shares-cruise-to-12-month-high-189329.html Anson Resources Ltd (ASX:ASN) continues to be one of the best performing companies on the ASX during 2017, and yesterday climbed to $0.165, a record high for the year.

Earlier in the week Anson completed a further share placement to Zhongfan Group at $0.088 to raise $1.76 million.

Bruce Richardson, managing director for Anson, commented:

"Zhongfan is a very supporting strategic partner, who continue to show tremendous support from Anson’s Paradox Lithium Project.

"With reach into multiple markets, and a complementary business line expected to utlise lithium, Anson is very pleased to have further strengthened its business relationship with Zhongfan."

The company has started the earthworks stage of a drilling program at Paradox Lithium Project in the Lithium Four Corners area of the U.S. state of Utah.

The work is the first stage of the fully funded program and includes preparing a drill pad and upgrading an access road.

Once the work is complete a drilling rig will be mobilised to site.

The Zhongfan Group

Zhongfan Group (Chia Tai Xingye International) is a privately owned, large scale international enterprise group based in Shanghai, China, that integrates resource development, mineral trading and new material technology development.

The group and has over US$2 billion in annual turnover.

Zhongfan and Anson have a memorandum of understanding to work towards a binding agreement for Zhongfan to fund development works at the Paradox Lithium Project.

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Fri, 29 Dec 2017 09:23:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189329/anson-resources-shares-cruise-to-12-month-high-189329.html
<![CDATA[News - Anson Resources breaks ground at Paradox Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/news/188912/anson-resources-breaks-ground-at-paradox-lithium-project-188912.html Anson Resources Ltd (ASX:ASN) has started the earthworks stage of a drilling program at Paradox Lithium Project in the Lithium Four Corners area of the U.S. state of Utah.

The work is the first stage of the fully funded program and includes preparing a drill pad and upgrading an access road.

Once the work is complete a drilling rig will be mobilised to site.

Breaking ground a “landmark milestone”

Bruce Richardson, managing director, said: “Breaking ground on at the Paradox Lithium Project is a landmark milestone for Anson.

"Our goal of becoming a lithium producer is now one step closer.”

The drilling program will be via the re-entry of the historical Gold Bar Unit 2 well, which has been located and found to be in good condition and will be via a work over rig, which is smaller and truck mounted compared to a rig used to drill a new hole.

READ: Anson Resources shares surge, remains on track for lithium carbonate production

During the drilling program brine will be collected for processing in a bench-top plant enabling first lithium carbonate to be produced in April 2018.

Anson then plans to progress to an in-field pilot plant on 15 acres of industrial land.

The company has applied to the State of Utah School and Institutional Trust Lands Administration to lease the land.

READ: Anson Resources extends lithium brine project near high-grade lithium

The bench-top test work program is fully funded following a placement to Zhongfan Group, a privately owned, large-scale international enterprise group based in Shanghai, China.

Zhongfan and Anson have a memorandum of understanding to work towards a binding agreement for Zhongfan to fund development works at the Paradox project.

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Mon, 18 Dec 2017 12:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188912/anson-resources-breaks-ground-at-paradox-lithium-project-188912.html
<![CDATA[News - Anson Resources shares surge, remains on track for lithium carbonate production ]]> https://www.proactiveinvestors.com.au/companies/news/188762/anson-resources-shares-surge-remains-on-track-for-lithium-carbonate-production-188762.html Anson Resources Ltd (ASX:ASN) has submitted an application to lease land at its Paradox Lithium Project in Utah, US to construct a pilot plant.

The application was submitted to the state government to lease 15 acres of industrial land.

Successfully securing this industrial site will enable Anson to fast-track the development of an infield pilot plant.

Plant to produce lithium carbonate

The in-field pilot plant aims to produce lithium carbonate for product qualification.

Bruce Richardson, managing director, said: “Identifying an industrial site on which to potentially locate an in-field pilot plant is a key step to fast-track development by potentially reducing the time needed to obtain approvals.”

READ: Anson Resources will begin phase I exploration this week at U.S. lithium project

Anson is also about to begin a drilling program during which brine will be collected for processing in a bench-top plant.

This will enable first lithium carbonate to be produced in April 2018.

Discussions have also been held with battery manufacturers to bench test product.

READ: Anson Resources extends lithium brine project near high-grade lithium

The news flow resulted in shares spiking to $0.105 in early trade on volume of more than 14 million.

The bench-top test work program is fully funded following a placement to Zhongfan Group, a privately owned, large-scale international enterprise group based in Shanghai, China.

Zhongfan integrates resource development, mineral trading and new material technology development, and has over US$2 billion in annual turnover.

READ: Anson Resources secures additional funding from Zhongfan Group

Zhongfan and Anson have a memorandum of understanding to work towards a binding agreement for Zhongfan to fund development works at the Paradox project.

Richardson said: “With the ongoing financial support of a strategic investor, the Zhongfan Group, Anson remains on track to create further shareholder value from development of its world-class lithium brine project.

“Each step brings this goal a little closer.”

Discussions with battery producers

Discussions have also been held with a number of battery producers, including those with whom Anson has existing memoranda of understanding.

The aim of these discussions is to enter into detailed negotiations for the supply of lithium to begin product qualification testing.

Anson expects to be able to supply lithium from its bench-top plant to battery manufacturers for testing in April 2018.

After completing the bench-top work, Anson intends progressing a larger scale in-field pilot plant enabling further product qualification testing.

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Thu, 14 Dec 2017 11:02:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188762/anson-resources-shares-surge-remains-on-track-for-lithium-carbonate-production-188762.html