viewAnson Resources Ltd

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

To obtain data to assist with battery grade lithium production process design.

drill rig
Rig has arrived to re-open the Cane Creek well

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.

Quick facts: Anson Resources Ltd

Price: 0.024 AUD

Market: ASX
Market Cap: $18.8 m

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