Name of the Project
Paradox basin brine project.

Location
Utah, in the US.

Project Owner/s
Anson Resources.

Project Description
Anson plans to extract lithium and bromine from brine to produce high-purity products using direct lithium extraction technology and conventional flowsheets for all other processing.

Phase 1 is expected to produce about 13 074 t/y of lithium carbonate over a 23-year mine life.

The proposed Phase 2 expansion will target substantial expansion in the production of lithium carbonate and bromine, and will expand the project resources through the re-entry and sampling of historic wells, including Mineral Canyon; Sunburst; and high-grade, large Mississippian formations.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Phase 1 has a pretax net present value, at a 7% discount rate, of $1.31-billion and internal rate of return of 47%, with a payback of two years.

Capital Expenditure
Capital expenditure in Phase 1 is estimated at $495-million.

Planned Start/End Date
A final investment decision is targeted for the second quarter of 2023, with first production of battery-grade lithium carbonate in 2025.

Latest Developments
Anson has confirmed the location for its proposed processing plant site at its Green River lithium project, in the Paradox basin in south-eastern Utah.

Anson has completed a detailed geotechnical engineering study on the project, which has delivered highly positive outcomes and helped reaffirm its development potential.

The Green River project has the potential to increase the Joint Ore Reserve Committee-compliant resource of the Paradox project, without the need for further drilling.

The results from an engineering study at Green River have confirmed that the proposed site is suitable for the construction of the proposed processing plant’s foundations. The engineering study comprised nine boreholes and five trenches, as well as geophysical surveys.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Anson Resources, tel +61 478 491 355 or email info@ansonresources.com.