logo-loader
viewAnson Resources Ltd

Anson Resources produces battery grade graphite from Ajana

Anson Resources Ltd (ASX:ASN) has reached a major milestone by producing battery grade spherical graphite from its Ajana Graphite Project, 130 kilometres north of Geraldton in Western Australia.

WA-Map-3---757.jpg
Anson Resources' Ajana Graphite Project, 130 kilometres north of Geraldton in Western Australia

The company achieved 99.97% TGC (total graphitic carbon) purity.

The test programme was carried out by ANZAPLAN, located in Germany, from a bulk sample taken from the Ajana Graphite Project.

The sample was sent for evaluation in February 2016 using early generation bulk concentrates.

The demand for spherical graphite, which is commonly used as anode material in lithium ion batteries, has been forecast to increase by over 200% by 2020.

This will be driven largely by increasing global cell production as the electric vehicle and energy storage systems markets continue to mature.

At present, China produces 100% of the world’s spherical graphite.

However, it is anticipated that new sources of graphite manufactured to higher environmental standards will be increasingly sought after in the coming years.

Bruce Richardson, managing director, commented: “This is a major milestone for Anson Resources as it highlights the company’s potential to produce high quality spherical graphite, suitable for direct supply to lithium-ion battery manufacturers.”
“Importantly, the confirmation of a 99.97% TGC at Ajana validates the company’s capacity to meet end user specifications. The exploration team will now aim to identify additional resource targets.”

Quick facts: Anson Resources Ltd

Price: 0.019 AUD

ASX:ASN
Market: ASX
Market Cap: $14.89 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Anson Resources Ltd named herein, including the promotion by the Company of Anson Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Anson Resources initiates $3 million fundraising to advance its Paradox...

Anson Resources Ltd (ASX:ASN) CEO Bruce Richardson tells Proactive the firm has launched a share purchase plan (SPP) offer to raise up to $2 million as part of a $3 million capital raising effort to advance its Paradox Brine Project in Utah. Richardson says the funds raised will be used to...

on 17/6/20

2 min read