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Australia's Anson on track for April lithium output

05 Feb 2018 13:13 GMT
Australia's Anson on track for April lithium output

London, 5 February (Argus) — Australia-based Anson Resources remains on track to produce the first samples of lithium carbonate at its Paradox lithium project in Nevada, US, acquiring leases for dual use oil and natural gas and lithium brine wells in Utah.

The new leases, acquired from an unnamed and oil and gas exploration firm, are near the project's pilot plant.

The plant will process the brine by removing other minerals including iodine, magnesium, boron and bromine that could be marketed to customers in addition to the lithium carbonate, the company said. The well-developed transport infrastructure and the condition of the wells will enable quick sampling of the brines following the completion of regulatory approval.

Anson is developing the Ajana graphite project and the Hooley Wells nickel-cobalt laterite project in Western Australia in addition to the the Paradox lithium site.

It has signed non-binding offtake agreements with Chinese lithium battery developers for lithium carbonate from the Paradox project, which has recorded lithium values of up to 1,700ppm in areas close to the site.

Some former oil and gas sites such as the Smackover formation in Arkansas contain lithium deposits in the form of brines, which can provide a faster and more cost-effective route to production than other primary mining projects.

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