viewAnson Resources Ltd

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

The first production of lithium carbonate from the pilot plant is expected in April 2018.

Picture of lithium symbol on periodic table
The acquisition of a strategically situated existing oil well expedites lithium production

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.

Quick facts: Anson Resources Ltd

Price: 0.0195 AUD

Market: ASX
Market Cap: $15.28 m

Add related topics to MyProactive

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


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...



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