Total
0
Shares
LCW-1 drill pad location. Source: Anson Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Anson Resources (ASN) updates the market on the completion of site works at its Paradox lithium and bromine project based in Utah
  • The company announced the completion of two lithium and bromine brine production wells
  • The drill pads are located 180 metres from a pre-existing lithium structure, Roberts Rapture and two access roads for trucks to enter and leave the site
  • The company says drilling of the production wells will begin in the first quarter of next year
  • Anson Resources shares are down 2.27 per cent to trade at 10.8 cents a share

Anson Resources (ASN) has updated the market on the completion of site works at its Paradox lithium and bromine project based in Utah.

The company announced the completion of two lithium and bromine brine production wells.

The wells, LCW-1 and LCW-2 are part of an 80-acre lease granted to Anson under the Utah State Government’s Other Business Arrangement.

ASN said the site works were completed within two months of the Utah government’s approval.

The site works included drill pads that are located 180 metres from a pre-existing lithium structure, Roberts Rapture and two access roads for trucks to enter and leave the site.

The company said drilling of the production wells would begin in the first quarter of next year.

Anson also expects engineering studies to be completed in the June quarter of next year. These studies are being conducted by Worley for a definitive feasibility study as part of the development of the lithium production facility.

Anson Resources shares were down 2.27 per cent to trade at 10.8 cents a share at 12:04 pm AEDT.

ASN by the numbers
More From The Market Herald

" Jindalee Resources (ASX:JRL) receives “strong” lithium results from first holes at McDermitt

Jindalee Resources (ASX:JRL) hits significant lithium mineralisation while drilling at its McDermitt project in Nevada, USA.
Inca Minerals (ASX:ICG) - Managing Director, Ross Brown

" Inca Minerals (ASX:ICG) progresses exploration in December quarter

Inca Minerals (ASX:ICG) progressed exploration work at its Frewena, Jean Elson and MaCauley Creek projects in…

" Strickland Metals (ASX:STK) intersects further gold at Dusk til Dawn

Strickland Metals (ASX:STK) encounters further gold mineralisation from drilling at its Dusk til Dawn prospect in…

" Kingsgate Consolidated (ASX:KCN) receives Chatree mining licences as Nueva Esperanza sale falls through

Kingsgate Consolidated (ASX:KCN) has received four outstanding mining leases required to operate the Chatree Gold Mine…