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Anson Resources Ltd

Anson Resources lodges application to build additional pilot operation

The lease, when granted, will allow Anson to build infrastructure required for a lithium brine mining and processing operation.

Anson Resources Ltd - Anson Resources lodges application to build additional pilot operation
The lease can provide access to a historical oil well to be used as a disposal well

Anson Resources Ltd (ASX:ASN) has lodged an application for additional industrial lease agreement within its flagship Paradox Brine Project in Utah, US.

The lease would allow Anson to build processing equipment, a pipeline to transport extracted brine from wells, power equipment, storage tanks, and access a nearby disposal well.

The lease is 700 metres from the Long Canyon No 2 well where sampled brine showed grades of 253 ppm lithium – this well would feed a proposed on-site pilot plant.

Additional lease enables production from more than one well

A pipeline would run from this well to carry brine to the pilot plant for processing and then to the intended disposal well 400 metres away, which is a historical oil well.

Using a historical oil well will result in large cost savings given Anson will not have to drill its own disposal well.

This is a convenient method of disposing of waste water compared to evaporation and trucking.

Proactive caught up with the company in June 2019 to discuss their maiden lithium brine resource at Paradox.

Quick facts: Anson Resources Ltd

Price: $0.04

Market: ASX
Market Cap: $19.25 m
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Anson Resources releases JORC Mineral Resource on Paradox Brine Project in Utah

Anson Resources (ASX-ASN) Chairman and CEO Bruce Richardson joined Steve. Darling from Proactive Investors to talk about their maiden JORC Mineral Resource which saw inferred and indicated of 118,000t of contained lithium carbonate. Richardson talks about some of the other key numbers from...

on 19/6/19

2 min read