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Anson Resources Limited (ASX: ASN, ASNOC, ASNOD) (Anson or the Company) is pleased to announce that it has submitted a Notice of Intent (NOI) to the USA, Department of the Interior, Bureau of Land Management (BLM) to commence drilling at its Green River Lithium Project (Project) in the Paradox Basin in Utah, USA.
Highlights:
- A Notice of Intent (NOI) to re-enter wells at the Green River Lithium Project has been submitted to facilitate the commencement of Resource definition drilling at the Project
- The Project exhibits a number of positive geological feature and drilling records show that brine flows to surface from porous Mississippian units without pumping in some wells
- Brines will be sampled and metallurgically tested using the environmentally friendly Direct Lithium Extraction process
- The Resource drilling program at Green River is planned to run in parallel with Resource drilling in the western region of the nearby flagship Paradox Lithium Project
- Results from both programs are planned to contribute to an increase to Anson’s global lithium Resource in the Paradox Basin to meet increasing lithium demand
The drilling program is designed to deliver a maiden lithium JORC Mineral Resource at the Project, which would substantially increase the Company's exisiting JORC Mineral Resource inventory in the Paradox Basin; Anson’s flagship Paradox Lithium Project, located 50km to the south-east, has a current JORC Mineral Resources of 1.04Mt of Lithium Carbonate Equivalent (LCE) and 5.27Mt of Bromine, (ASX announcement, 2 November 2022).
Drill Program Details
The Green River Project comprises a total of 1,261 placer claims over an area of 106.2km2 (10,620 hectares), see Figure 1. Anson plans to conduct a three-well re-entry program, with brine sampling and pump testing, on the targeted clastic zone horizons and the Mississippian units at the Green River Project. The program is designed to support the conversion of the Project’s Exploration Target to a JORC Mineral Resource (ASX announcement, 15 February 2023).
The Company aims to commence the drill program as soon as the NOI has been accepted by the BLM. Drill pads remain in place from previous drilling, see Figure 2 - and other drill pads only require to be re-established, see Figure 3. This will ensure minimal new ground disturbance.
Figure 1: A plan showing the location of Anson’s two lithium brine projects in Utah.
In addition, the drill pads are located close to existing roads, which means no new access routes will need to be created. Both these factors will contrubite to minimal impact on the environment, social and recreational activities within the Project area. The use of areas where there has already been ground disturbance is consistent with Anson’s aim of developing a sustainable project and minimising environmental impact.
The program may be readily extended, as all equipment is either on-site at the Green River or Paradox Projects.
Drilling records indicate that the targeted geological units at Green River are continuous from the nearby Paradox Project and have similar properties, see Table 1. Drilling of the Mississippian units has resulted in brine flowing to the surface at Green River, which did not occur at the Paradox Project. This provides the potential for reduced operating costs at Green River, as no mechanical pumping may be needed to extract brines from depth.
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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.*
