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Anson Resources on track with development works at Paradox Lithium Project

Anson Resources Ltd (ASX:ASN) managing director Bruce Richardson updates Proactive Investors on advancements across the board at the company's flagship Paradox Lithium Project in Utah, USA.

Test work on two different processing methods has been progressing well, with promising results. In parallel, an exploration program will stretch until the end of this year, with the aim of estimating a maiden lithium brine JORC resource. Anson is on track with its plans of commencing construction of a pilot plant in 2019.

The company today announced plans to raise $2.5 million through a share placement in order to fund the development works at Paradox.

Quick facts: Anson Resources Ltd

Price: 0.018 AUD

Market: ASX
Market Cap: $10.8 m

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