Anson Provides Update On Its Lithium Pilot Plant At Paradox Brine Project

Anson Provides Update On Its Lithium Pilot Plant At Paradox Brine Project

Anson Resources Limited (ASX: ASN), a mineral explorer and mineral resource project developer, provided an update on its Li Pilot Plant process design and engineering, on 9th May 2019. The planned pilot plant is at the company’s Paradox Brine Project near Utah in the United States of America.

As per the company, it completed the hatch engineering, which marked the completion of engineering design of the brine pre-treatment. The lithium carbonation processes of the pilot plant along with Lilac Solutions is nearing completion of the designing and construction of the lithium extraction process of the planned industrial-scale in-field pilot plant.

Following the completion of testing performed by Hazen Research, the company completed an assessment, which includes the extraction of other chemical products into the pilot plant flow sheet. The update flow sheet of the company looks like:

asn1

Upon completion of the test work, the company short-listed suppliers of the pre-treatment sections.

Ion Exchange Extraction:

Sponsored ad by Kalkine

Lilac Solutions (Lilac) is expected to complete the design and construction of the lithium extraction system using ion exchange in the second quarter (Q2). However, the design and construction will not contain any upstream nanofiltration, evaporation ponds, or any other concentrating processes. Anson mentioned that the minimal energy and water input of the pilot-scale, ion exchange lithium extraction system, will be accommodated using a waste-water RO (Reverse Osmosis) mini-plant and simple gas-powered generators.

As per the company, Lilac is also working on a design of an ion-exchange extraction system, which it will demonstrate on site to de-risk the ion-exchange technology process block of the company’s flowsheet. Anson mentioned that Lilac previously recovered more than 80% of lithium from the brine in Paradox Basin, with a low concentration of contaminants.

Anson commenced the detailed design and engineering stage and appointed Tom Currin of Southwest Technologies to design, build and provide consulting services for the carbonation process of the pilot lithium plant, which is designed to convert lithium rich eluate into a battery quality carbonate product.

As per the company, it intends to produce a 20kg sample of micronized, dried lithium carbonate product off-site. The sample products will be following a high standard and strict battery quality specification, which is provided to the company by a potential off-taker, who plans to use it further for cathode material construction. As per the company’s estimation, the quality standards on other lithium carbonate products are quite loose as compared to the standard demanded by the potential off-taker. And, if the company meets this standard, its’ lithium carbonate will be appropriate for use by other high prospective consumers as well.

Continuing on the 6th May 2019 announcement made by Anson Resources Limited,  today the company mentioned that post the discussion with the ASX, it retracts the statement made concerning the pilot plant trail production exceeding 100 tonnes a year.

The company mentioned that the statement about the production volume does not comply with the ASX requirement, as the company, not compiled the information required to disclose the trial production following the JORC Code 2012.

Anson currently opened a Security Purchase Plan for eligible shareholders and is in discussion with parties, which expressed interest, to fund the lithium pilot plant.

The share of the company was trading at A$0.059 (as on 9th May 2019, AEST: 03:20 PM), up by 1.724% as compared to its previous close.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Facebook Comments

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report

LEAVE A REPLY

Please enter your comment!
Please enter your name here