- Anson Resources (ASN) speeds up the engineering studies at its Pardox Lithium-Bromine Project in Utah due to rapid development for lithium product
- Worley, who is conducing the engineering studies, will advance work and conduct a detailed feasibility study (DFS)
- The outcome of the DFS will be a final total-installed cost estimate, allowing the advancement to final design and construction phases
- Engineering studies are expected to be completed in the second quarter of 2022
- Just as the market opens, Anson was up 7.14 per cent and is trading at 15 cents per share
Anson Resources (ASN) has decided to speed up the engineering studies at its Pardox Lithium-Bromine Project in Utah due to the rapid development of the market for lithium products.
The company has asked Worley, who is conducting the studies, to advance the work and execute a detailed feasibility study (DFS) for the development of the lithium production facility.
The outcome of the DFS will be a final total-installed cost estimate, allowing the advancement to final design and construction phases.
Anson has received permits to drill two new production wells and has an application to re-enter two historic wells, Sunburst #1 and Mineral Canyon.
The DFS will include results from these wells, with drilling expected in the first quarter of 2022.
Worley’s engineering studies are expected to be completed in the second quarter of 2022.
Executive Chairman and CEO Bruce Richardson is pleased to work with Worley on the engineering part of the project.
“The commencement of the DFS follows extensive test work and the production of EV battery grade products utilising the direct lithium extraction process,” he said.
“This is a very exciting time for Anson with drilling of two production wells and the re-entry of two existing wells expected to commence in early 2022 and the robust long-term outlook for lithium carbonate based on global acceleration towards decarbonisation, electrification of vehicles and energy storage.”
Just as the market opens, Anson was up 7.14 per cent and is trading at 15 cents per share at 10:02 am AEDT.