Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Anson Resources study confirms suitability of processing plant location at Paradox Lithium Project

Published 25/01/2024, 01:25 pm
Updated 25/01/2024, 01:30 pm
Anson Resources study confirms suitability of processing plant location at Paradox Lithium Project

Anson Resources Ltd (ASX:ASN, OTCQB:ANSNF) has completed the geotechnical engineering study at the Paradox Lithium Project in Utah, USA which has confirmed that subsurface conditions are suitable for the construction of foundations for the project’s proposed processing plant.

This engineering study is a key component of the due diligence process undertaken to confirm the suitability for the location of the proposed direct lithium extraction (DLE) processing plant at the Paradox Project.

The study was designed to collect data on the subsurface conditions at the proposed processing plant site to help determine the design and construction of preliminary foundation options.

The body of work under the study consisted of site reconnaissance, subsurface exploration, acquisition of geophysical data and engineering analysis.

Plan showing boreholes, trenches and geophysical lines in the geotechnical engineering work.

The geotechnical study collected data and subsurface conditions for general construction recommendations and consisted of 7 core holes and 7 trenches:

  • Depths of boreholes ranged from 9 to 62.5 feet;
  • depths of the trenches ranged from 0.5 to 7 feet.

The study has recommended that prior to the laying of foundations, general site grading be carried out to provide proper support for foundations, exterior concrete flatwork and concrete slabs-on-grade.

Proposed Paradox Lithium Project production site

The proposed site for the Paradox Project processing plant is strategically located adjacent to the Colorado River, ~10 kilometres from the well extraction site and is mostly downhill.

It is situated on around 8.1 hectares (~20 acres) of privately-owned vacant land, near large-scale potash producer Intrepid Potash’s (NYSE: IPI) production facility and evaporation ponds in the district and hosts only sparse vegetation including native grasses and brush at an approximate elevation of around 1,280 metres (4,200 feet).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Plan showing the brine pipeline from the extraction site to the proposed processing plant site.

This proposed site has been selected as it provides access to water from the Colorado River which is essential to the operation of the direct lithium extraction process.

The preferred water extraction point is 600 metres from the production location. A water rights agreement for the project is in place.

Access to the proposed site follows existing pipeline pathways and existing roads, which Anson anticipates may simplify and shorten the timeline for the Right of Way (ROW) approval process.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.