- Further tests work has increased Anson Resources’ (ASN) estimated lithium recovery rate in the first stage of the extraction process to 91.5 per cent
- It come as the company looks to refine its potential Direct Lithium Extraction technology options
- Any financial impacts this could have on the project are expected to be reflected in the company’s updated pre-feasibility study
- Anson Executive Chairman and Chief Executive Officer Bruce Richardson says the team is very pleased with the results of the testing
- Anson Resources shares are up 4.55 per cent to trade at 11.5 cents
Further tests work has increased Anson Resources’ (ASN) estimated lithium recovery rate in the first stage of the extraction process to 91.5 per cent.
It marks over a 10 per cent increase on the previously completed test works from 2018, which returned an estimated recovery of 80 per cent.
Anson said it has been working to test several alternative Direct Lithium Extraction technologies over the past two years in a bid to improve its operational and economic performances.
Testing was conducted on brine taken from the company’s Long Canyon No. 2 well within the Paradox Brine Project located in Utah, USA from February this year.
Anson noted that the annual costs could be lower through this particular testing process as no pre-treatment was needed beforehand and required only water to wash the lithium from the resin.
Anson Executive Chairman and Chief Executive Officer Bruce Richardson spoke highly to the news.
“Anson is committed to developing the most cost-efficient flowsheet for the production of lithium, bromine and other minerals from Paradox brine, while at the same time taking proactive steps to address ESG considerations,” he said.
“Our team has delivered on this guiding principle, and we are very pleased with the results of this alternative DLE technology test work.”
Any financial impacts or further impacts the findings may have on the project are expected in the company’s updated pre-feasibility study.
Anson Resources shares were up 4.55 per cent at 12:36 pm AEST to trade at 11.5 cents.