Anson Resources announces feasibility study for its its Paradox Basin Brine Project in Utah, USA.
The company highlighted the following:
- Revenues of $5.08 billion over 23 year mine life.
- Annual production of high purity Lithium Carbonate of up to 13,074 tonnes per annum.
- Estimated capital expenditure of US$495 million, with lithium carbonate plant to use Sunresin Direct Lithium Extraction technology.
The company targeted production in 2025.
Anson’s executive chairman Bruce Richardson said the results are exciting.
“We are very excited to deliver the Paradox Lithium Project Phase 1 DFS to market. The DFS confirms the technical and financial viability of a major new source of high purity Lithium Carbonate available for the rapidly growing US market," said Richardson.
"The Project delivers industry leading ESG credentials based on direct lithium extraction utilising Sunresin technology using lower energy and water consumption, and with spent brine being reinjected back into the Paradox.
"Significantly, there remains material upside beyond the DFS announced today based on future Mineral Resource upgrades associated with the recently completed drilling campaign at Cane Creek and the future Western Expansion drilling campaign, as well as incorporating Bromine production into stage 2.”
