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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Paradox | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 6/5/2020 | |
| Report Code: | JORC | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2020: Anson Resources Ltd. announces a PEA report for its Paradox deposit at the Paradox Brine Project project. Paradox PEA announcement retracted. Anson Resources Limited (“Anson”) is pleased to announce that the independent 3rd party engineering | |
| Resources: | (Resources, I+I): 341Mt @ 192kt LCE | |
| CP/QP: | [Overall Report] Greg Knox (Internal) | |
| ABSTRACT: | Anson Resources Limited (“Anson”) is pleased to announce that the independent 3rd party engineering company conducting the Preliminary Economic Assessment (“PEA”) for its Paradox Brine Project, located Utah, USA has completed the study. The PEA indicates a high economic viability and return on investment due to the unique nature of the brine which flows to surface under its own pressure with high concentration of a number of minerals; including world class Br grades. Anson’s strategy of taking advantage of the existing wells, utilities and other infrastructure as well as the use of proven technology and processes; has resulted in not only decreasing the risk of the project but also lowering capital and operating costs as shown by the PEA results. The PEA also confirms the advantage of first extracting bromine to fast-track the project to cashflow, that can then fund the development of plants to extract lithium and other minerals, validating Anson’s multimineral/multi-revenue strategy. The PEA, equivalent to a JORC Scoping Study, provides outcomes that are considered outstanding. Key financial highlights by phase are presented in Table 1: | |
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