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Anson Resources granted extended rights for Paradox Project lease

Utah’s School and Institutional Trust Land Administration (SITLA) granted the new rights.

First stage of cleaning up of the bunded area after completion of evaporation testing
The lease is within the 108-square-kilometre Paradox Brine Project in Utah

Anson Resources Ltd (ASX:ASN) has signed a lease for the rights to process any other minerals to which Anson has rights in areas nearby to the leased area.

The lease covers an area of 640 acres and is for a 10 year period with possible extensions subject to determination by SITLA.

Minerals from the 1,317 claims that make up the Paradox Brine Project can now be processed on 640 acres covered by the SITLA lease.

During November 2018, Anson outlined that it had been granted a Minerals Salts lease by SITLA and that a location for the pilot plant had been selected.

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

The SITLA leased area is now being considered by Anson as a possible location of not only the industrial-scale pilot plant but also for the full-scale production plant.

Infrastructure continues being installed at Paradox

Anson has completed the connection of the existing underground piping infrastructure to the recently installed storage tanks.

Existing infrastructure which is being used enables Anson to continue with its plans to fast-track the project into production while minimising investment costs.

READ: Anson Resources intersects strong brine flow at Skyline well in Utah

Last week, Anson intersected a zone of heated and pressurised supersaturated brine resulting in artesian flow at the Skyline well within the Paradox Brine Project.

The free flow of the brine from 6,220 feet below surface continued for 6 hours until the horizon was temporarily shut-in.

Samples collected will be sent to a certified laboratory in Texas for assaying for lithium, iodine, bromine, boron and other minerals.

Quick facts: Anson Resources Ltd

Price: 0.0195 AUD

Market: ASX
Market Cap: $15.28 m

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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

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