Anson Resources Limited
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Anson Groundwater Flow Model Confirms Pressure Will Remain Constant During Production
Anson Resources Limited (ASX: ASN) has announced the completion of a comprehensive Numerical Groundwater Flow Model for its lithium projects in south-eastern Utah, USA. The model confirms that the pressure of the lithium-rich brine will remain constant during production, allowing for a continuous and uninterrupted feed without the need for pumping.
Confirmation through Simulations
The simulations conducted by Anson demonstrated that the pressure of the extracted brine will remain constant over a five-year period, with only a minimal drop when artesian flow begins. These findings were derived from the Skyline Unit 1 and Long Canyon Unit 2 wells. The constant high pressure throughout the extraction process ensures a steady supply, similar to a geothermal project, where the natural energy source powers the extraction process without additional costs.
Advancing Project Planning and Resource Estimation
The completed Numerical Groundwater Flow Model will not only facilitate project planning, permitting, and operations but also aid in resource estimation. By using the model, Anson will convert the Indicated Resources into Reserves, a crucial step in securing future funding opportunities for the construction of the projects.
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Importance for Future Funding
Converting the lithium JORC Indicated Resources into Reserves is vital for Anson's future funding endeavours, including potential grants from the Department of Energy (DOE), banks, and other financial institutions. The flow model software employed by Anson represents various conditions related to groundwater flow, allowing for accurate calculations and simulations to ensure the longevity and sustainability of the projects.
Rigorous Calibration and Confirmation
The simulations conducted for the flow model utilised data collected from Anson's exploration programs, including pump testing and historical oil and gas drilling. Additionally, water data for the region was collated from reputable sources such as the US Geological Survey (USGS). The hydrological model created as a result can accurately estimate stream flow over extended periods and generate scenarios for future yields.
Maximising the Opportunity
Bruce Richardson, the Executive Chairman and CEO of Anson Resources, expressed his excitement about the groundwater flow model's findings. He highlighted how the extensive 3D modeling done using data from drilling programs confirmed the constant pressure of the extracted brine, providing a continuous feed without the need for additional pumping. Anson aims to maximise this unique opportunity to further lower production costs and leverage the naturally occurring energy source for its extraction process.
With the completion of the Numerical Groundwater Flow Model, Anson Resources is confident in the sustainability and efficiency of its lithium projects in Utah. The company's ability to maintain constant pressure during production ensures a reliable supply of lithium-rich brine, bolstering its position in the rapidly growing lithium market.
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