Sign up Australia
Proactive Investors - Run By Investors For Investors

Anson Resources receives lease approval for pilot plant area

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

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

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

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

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

READ: Anson Resources produces first lithium carbonate, shares rise

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

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

Infrastructure advantage

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

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

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

View full ASN profile View Profile

Anson Resources Ltd Timeline

Related Articles

1538376195_lithium-100118-2.jpg
October 01 2018
The aim is to move two years' worth of ore into the indicated resource category
project area
October 19 2018
Completion of pre-feasibility study and project costing and economics expected in the third quarter of calendar year 2019.
maps of the Torrens Copper Project in South Australia
March 20 2018
The company's shares have increased six-fold from their low of 0.6 cents in 2017.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use