- Anson Resource (ASN) announces plans to expedite its JORC Resource upgrade at the Paradox lithium project in Utah, USA
- Anson announced it will use historical diamond core from drilling into the Mississippian Units at the Paradox project to determine porosity and specific yield
- The new strategy is expected to deliver cost and time savings for Anson’s planned upcoming JORC Resource upgrade, as new core will not be required
- This, in turn, is hoped to fast-track the company’s definitive feasibility study (DFS), which is currently being undertaken by Worley (WOR)
- Anson Resources last traded at 10.5 cents on July 5
Anson Resource (ASN) has announced plans to expedite its JORC Resource upgrade at the Paradox lithium project in Utah, USA.
Anson said it will use historical diamond core from drilling into the target Mississippian Units at the Paradox lithium project to determine porosity and specific yield.
The diamond core was said to display fracturing and “vuggs,” which are cavities, voids or large pores in the host rocks, throughout the limestone and dolomite units. This reportedly demonstrated the high porosity required for the storage of brine.
The new strategy is expected to deliver cost and time savings for Anson’s planned upcoming JORC Resource upgrade, as new core will not be required.
This, in turn, is hoped to fast-track the company’s definitive feasibility study (DFS), which is currently being undertaken by Worley (WOR).
Anson said the historic drilling data will also be consolidated into an updated production flow model for the Paradox project.
The company’s next steps will involve undertaking tests on the diamond core and cuttings from the wells to determine effective porosity.
The company said it expects the area around these wells may be upgraded from Inferred to the Indicated JORC resource category.
Anson Resources last traded at 10.5 cents on July 5.