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Anson Resources Limited (ASX: ASN) (Anson or the Company) is pleased to announce that it has produced its first battery-grade lithium carbonate product (Figure 1) from brines from its Paradox Lithium Project in south-eastern Utah, USA.
Highlights:
- Anson has produced its first battery-grade lithium carbonate from brines from its Paradox Lithium Project in Utah
- Key milestone which enable Anson to provide product samples to potential off-take OEM partners including electric vehicle and lithium-ion battery manufactures
- Samples were produced from demonstration plant Anson has established at its Lithium Innovation Centre in Florida, USA – sample production to be progressively ramped-up
- Anson then plans to relocate the demonstration plant to the Paradox Project and use brine directly from extraction wells to generate increased production to meet expected demand from potential off-take partners
- The in-line production process produces battery-grade lithium carbonate using the flow sheet designed by Anson’s DLE partner Sunresin for the Paradox Project’s lithium-rich brines
The lithium carbonate has been produced utilising the flowsheet designed for Anson's lithium-rich brines at the Project by its direct lithium extraction (DLE) partner, Sunresin, and is a key milestone. It enables the Company to advance its lithium carbonate off-take and supply discussions, and provide samples to potential off-take Original Equipment Manufacturer (OEM) partners, including electric vehicle and lithium-ion battery manufactures.
Figure 1: Lithium Carbonate produced at Anson’s Lithium Innovation Centre.
Sample Production to Ramp-up
The initial lithium carbonate samples have been produced from a sample demonstration plant located at Anson’s newly established Lithium Innovation Centre (LIC) in Florida, USA. The equipment and DLE process replicates Sunresin’s DLE process Anson plans to use at its proposed lithium production plant at the Paradox Project.
Anson proposes to gradually increase production from the demonstration plant to meet requests from potential off-take partners.
Since the commencement of processing start-up over the past month, Anson has produced 33 gallons of eluate from 99 gallons of raw brine, sourced from the Long Canyon Unit 2 well at the Paradox Project during the exploration program in 2022. Production is planned to ramp up over the next month.
From there, it is planned to relocate the sample demonstration plant to the proposed production site at the Paradox Project, using brine directly from extraction wells. This would enable continuous operation and further increase production from the demonstration plant to meet expected demand for increased sample sizes from potential off-take partners for evaluation purposes.
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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.*