The Conversation (0)
Anson Resources Limited (ASX: ASN, ASNOC, ASNOD) (Anson or the Company) is pleased to announce the commencement of a Geotechnical Engineering Study at its Green River Lithium Project in the Paradox Basin in south-eastern Utah, USA, see Figure 1.
Highlights:
- Anson is undertaking a Geotechnical Engineering Study as part of due diligence for its proposed acquisition of privately owned, industrial use land at its Green River Lithium Project in Utah
- The new property is the proposed location for a future lithium processing plant at the Green River Project
- The Geotechnical Engineering Study consists of core drilling and shallow trenching plus geophysical surveys.
- The Study will provide geotechnical data and subsurface conditions to be used in engineering studies to provide construction recommendations and estimates for the proposed lithium plant.
- Due diligence is progressing well - Phase 1 Environmental Site Assessment has been completed with no significant environmental issues identified.
The Engineering Study forms part of the due diligence being undertaken for Anson’s planned purchase of privately owned, industrial use property at Green River, proposed to be the location of a future lithium production plant at the Project (ASX Announcement 23 May 2023).
Due diligence on the proposed land acquisition is progressing well. A Phase 1, Environmental Site Assessment (ESA) has been completed by independent engineers. No significant environmental impact issues were identified during the Phase 1 ESA study.
The Engineering Study is being conducted by independent engineers and geologists and will consist of:
- 9 boreholes and 5 test pits (see Figure 2) from which the following will be collected.
- Core samples to a minimum depth of 70 feet; and
- Soil samples.
- Field resistivity measurements; and
- Geophysical surveys to determine dynamic properties of subsurface materials.
Figure 1: Photo showing the drilling rig on site carrying out geotechnical engineering work. Powerline infrastructure within the property is also shown.
The Engineering Study will deliver a geotechnical report, which will provide a summary of the analyses, findings and recommendations for possible construction locations within the property and will incorporate factors including:
- Field logs of soil, rock and groundwater conditions
- Geotechnical parameters for shallow and deep foundation design
- Corrosivity evaluation of soils
- Earth work recommendations
- Evaluation will provide recommendations for foundation design.
Click here for the full ASX Release
This article includes content from Anson Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
ASN:AU
Anson Resources: Developing a Near-Term Clean Energy Project in Utah
Anson Resources (ASX:ASN) focuses on the resources necessary to meet the energy demands of the future. The company’s flagship project, the Paradox Lithium Project, has the potential to become a world-class lithium producer and is located near Tesla’s massively productive gigafactory in the United States. Additional projects target nickel, copper, and uranium.
The company's flagship Paradox Project is located in Utah, a mining-friendly and politically stable jurisdiction. The asset holds significant lithium brine deposits, and the company has identified an extraction method that has delivered an extraction rate of 91.5 percent. This technique calls for passing the lithium through the resin, which captures the resin, and can then be separated from the resin with water. From that state, it can be processed into lithium carbonate. The company is currently undertaking a major JORC resource expansion drilling program, the results of which will feed into a Detailed Feasibility Study being carried out by global engineering firm, Worley.
Company Highlights
- Anson Resources is focused on developing its flagship project, the Paradox Lithium Project, into a significant lithium producing operation.
- The company is currently undertaking a major JORC Resource expansion program at Paradox, which will form part of a Detailed Feasibility Study which is being undertaken by leading global engineering consultants, Worley.
- The Paradox Project contains multiple lithium brine targets, and the company has identified an extraction method that produces an impressive return rate of 91.5 percent. Also, the project’s Direct Lithium Extraction (DLE) method is expected to deliver significant ESG benefits
- In addition, the project’s brine also contains bromine, creating a valuable second potential revenue stream for the asset.
- Anson Resources’ other projects target nickel, copper, vanadium and uranium. The company aims to supply energy markets with the mineral resources necessary to power the future.
- The company has an experienced management team with a mix of technical, corporate and commercial skills driving the project towards its ambitious goals.
This Anson Resources company profile is part of a paid investor education campaign.*
