Anson Resources (ASX:ASN) - CEO, Bruce Richardson
CEO, Bruce Richardson
Source: Proactive Investors
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  • Anson Resources (ASN) submits an application permit to drill two production wells within its Paradox Brine lithium project in the US state of Utah
  • The two production bores on the The Little Utah lease would supply brine from the wells to the planned Paradox Brine Project plant, while ensuring minimal ground disturbance in the area of operation
  • The company says it expects its application will be considered by the necessary bodies by the end of Q3 2021
  • Anson Resources shares are trading 1.41 per cent lower at 7 cents at 10:57 am AEST

Anson Resources (ASN) has applied to drill two production wells within its Paradox Brine lithium project in the US state of Utah.

The company submitted an application permit to drill two production wells covering 6.56 acres (2.6 hectares) within its Paradox Brine Project. The application has been submitted to the School and Institutional Trust Lands Administration (SITLA) of the Government of Utah and the Department of Gas and Minerals (DOGM).

The two production bores are set to be positioned on The Little Utah lease which covers 80 acres (32 hectares), a lease granted to Anson by the State Government earlier in the year under an Other Business Arrangement.

One proposed well will be drilled to a vertical depth of 6.380 feet (1.9 metres), with a 360 degree azimuth, while the second will be drilled vertically to a depth of 6,500 feet (1981 metres). The brine from the production wells will then be supplied to the planned Paradox Brine Project plant.

Anson’s Executive Chairman and CEO Bruce Richardson says the application to drill the production wells represents a major step towards starting production.

“These production wells will provide a significant insight into the engineering and logistics of the Paradox operation, with location of the wells carefully considered and nearby to the lithium bromine plant to be built at Blue Hills,” Bruce Richardson said.

“By leveraging the pressure created by Robert’s Rupture, Anson can transport the brine to a location which has easy access to power, gas and transportation without pumping which has a direct impact upon production costs.”

Anson says its application has been designed to ensure minimal ground disturbance in the area of operation.

The company says it expects its application will be considered by both SITLA and DOGM by the end of Q3 2021.

Anson Resources shares were trading 1.41 per cent lower at 7 cents at 10:57 am AEST.

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