How Will the Green River Lithium Project Advance Anson's Lithium Exploration Efforts?
Anson Resources Limited
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How Will the Green River Lithium Project Advance Anson's Lithium Exploration Efforts?

Anson Resources' Green River Project: Paving the Way for Lithium Exploration

A Leap in Lithium Exploration and Processing

A significant milestone for Anson Resources Ltd, an ASX-listed junior mineral resources company, as it received a Conditional Use Permit (CUP) from the Green River City Planning & Zoning Commission. This permit is pivotal for the exploration drilling and operation of the Sample Demonstration Plant at the Green River Lithium Project in Utah, USA.

Strategic Advancements at Green River: Conditional Use Permit

The CUP, approved after its application in December 2023, is a crucial step in Anson's strategy to develop the Green River Project in parallel with its lead project, the nearby Paradox Lithium Project. This permit will enable the company to conduct exploration drilling adjacent to the proposed Utah Sample Demonstration Plant (USDP).

Green River City Council's Approval

The Green River City Council recently approved the re-zoning of the plant site for mineral processing and exploration activities. This rezoning covers all of Anson’s privately-owned land in Emery County, further facilitating the project's development.

The Sample Demonstration Plant: Replicating Future Production: A Model for Full-Scale Production

The Demonstration Plant aims to replicate the operating conditions of Anson’s proposed future full-scale production plant.

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This includes the temperature and composition of the brine, including the lithium grade, to provide greater certainty on the project's lithium brines for potential offtake partners.

Progress and Construction

Construction of the USDP began in November 2023, with recent weeks seeing significant developments such as the construction of fencing, preparation of a drilling pad, and connection of utilities. Equipment from Anson’s Lithium Innovation Centre (LIC) will be installed in the USDP, making it a crucial step in advancing the project.

The Company’s Vision and Background: Anson’s Focus on Lithium Extraction

Anson Resources is primarily focused on developing its Paradox Lithium Project into a significant lithium producing operation. The first step in the Lithium Carbonate Equivalent (LCE) production process, direct lithium extraction (DLE), was successfully tested using a small scale DLE pilot plant. This process has been pivotal in understanding the most advantageous production conditions and processes.

The Vision for Long-Term Value

The company's goal is to create long-term shareholder value through the discovery, acquisition, and development of natural resources that meet the demand of tomorrow’s new energy and technology markets.

Forward-Looking Steps and Investor Engagement: Approval Anticipation and Future Plans

Approval for the exploration drilling program from the Government of Utah is expected in the coming weeks, with the production at the Demonstration Plant slated to commence in January 2024. Additionally, Anson plans to use the Visitor Centre and the USDP for meetings with potential off-take partners, OEM’s, CAM producers, and potential funders.

Investor and Media Relations

Bruce Richardson, the Executive Chairman and CEO, along with James Moses from Mandate Corporate, are key contacts for media and investor relations, showcasing the company's commitment to transparent communication and stakeholder engagement.

Anson's Path to Lithium Leadership

The grant of the Conditional Use Permit and the development of the Sample Demonstration Plant mark significant progress for Anson Resources in the lithium sector. With strategic planning, technological innovation, and a focus on sustainable resource development, Anson is well-positioned to become a leader in the evolving landscape of lithium exploration and production.

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