Yep, i am a happy man, ASN is a monster in waiting, just like i alluded to in my intial post, these are the reasons why
Anson Reports Major Resource Upgrade at Paradox Lithium Project Highlights: • Major Mineral Resource upgrade confirmed at Paradox Lithium Project; o 788,300t of Lithium Carbonate Equivalent (LCE) and 3.523Mt of Bromine, including; ▪ Indicated Resource of 239,000t of LCE and 1.192Mt of Bromine; and ▪ Inferred Resource of 549,300t of LCE and 2.331Mt of Bromine • The upgraded Mineral Resource represents; o 324% increase on previously reported Lithium Resource*; including o 378% increase in Indicated Resource on previously reported Resource*; and o 248% increase on the previously reported Bromine Resource*. • Substantial further Mineral Resource expansion potential; o Upgraded Mineral Resource only calculated from drilling at Long Canyon No. 2 well; o Resource expansion drilling includs Cane Creek 32-1 well however the well is not included in this upgraded Resource – results to be included in future Resource upgrade; and o ‘Western Expansion’ strategy also due to commence, including newly discovered Mississippian units – results to be included in future Resource upgrade • The Mineral Resource upgrade will be incorporated in the Project’s DFS currently being completed by Worley for release in the near future *The Previous Mineral Resource was published on 30 March 202
You will notice that CANE CREEK and the MISSISSIPIAN UNITS are yet to be included in this resource update.......
Then this news followed 3 days later 25/8/22
Anson joins forces with global DLE leader Sunresin to develop full-scale commercial lithium plant at Paradox Lithium Project Highlights: • Anson has executed a binding MoU with leading global DLE technology provider Sunresin for a long term strategic and commercial alliance • Sunresin has successfully concluded eight months of engineering design work for the Paradox Lithium Project’s DFS – DFS to be released in near future • Anson to work closely with Sunresin to negotiate agreements for construction of a full-scale commercial lithium plant using Sunresin’s patented Direct DLE technology • Sunresin’s DLE technology has been commercialised with four operating projects and a further six under construction or under contract in China and South America with a total production capacity of 73,000tpa
Then the DFS was released 8/9/22
Paradox Lithium Project DFS confirms outstanding economics and ESG credentials for Phase 1 Lithium Development Highlights: • Definitive Feasibility Study confirms the Paradox Lithium Project’s advanced potential to become a major supplier of high purity battery grade Lithium Carbonate into the US Electric Vehicle market. • Phase 1 delivers a robust, low-cost operation with revenues of US$5,080m forecast over 23 years of operations. • Annual production of high purity Lithium Carbonate of up to 13,074 tonnes per annum. • Compelling pre-tax NPV7 of US$1,306 million (Phase 1 only) with the project generating strong margins, with post-commissioning payback period of 2 years and pre-tax IRR of 47%. • Phase 1 economics based solely on existing Indicated Mineral Resource of 239,000 tonnes, as announced 22 August 2022. DFS Economics to be updated based on future Mineral Resources upgrades. • Estimated capital expenditure of US$495 million, with lithium carbonate plant to use Sunresin patented, proven Direct Lithium Extraction ("DLE") technology. • Market leading ESG credentials for the Project based on Sunresin DLE technology requiring lower energy and water consumption. • Commencement of high purity Lithium Carbonate production targeted in 2025. • Phase 2 development at Paradox to comprise further substantial increase in lithium production capacity, together with Bromine production capacity. Phase 2 capital costs proposed to be fully funded from free cash flow generated from Phase 1 operations. Anson Resources Limited (“Anson”), through its 100% owned subsidiary A1 Lithium Inc, is please
Summary of Key DFS Parameters and Outcomes Key outcomes and parameters of the DFS are presented in Table 2 below. Production Parameters Units Phase 1 Construction Period Years 2 Production Rate - Lithium Carbonate Tonnes per annum Up to 13,074 Indicated Mineral Resource – Lithium Carbonate Contained (‘000t) 239 Recovery – direct lithium extraction % 91.5 Recovery – carbonation from lithium eluate % 88.6 Key Financial Parameters Capital Cost $US Million 495 C1 Operating Costs US$ / t LCE 4,368 Price – Lithium Carbonate $US/tonne Forecast Curve Revenue $US Million 5,080 Annual EBITDA Margin % 69 Average annual EBITDA $US Million 153 Payback period Years 2 IRR Pre Tax % 47 IRR Post Tax % 37 NPV7 pre-tax (Base Case) $US Million 1,306 NPV7 pre-tax (Spot Case) $US Million 5,149
Like i said earlier, these numbers dont include CANE CREEK, MISSISSIPIAN UNITS........these will be released " imminently " which could increase the resource by another 500% minimum.........imo.
PARADOX basin is TIER 1 resource, which should then convert the MOU offtake with TETRA, to BINDING.
ASN also has the BULL project adjacent to CHN JULIMAR project.........the intial images look like a dead ringer.
Exploration drilling will more than likely commence late this year or Q1 2023.
if AVZ dont get a wriggle on and get back to the trading table ASAP.................ASN will engulf their SP and could potentially be a $1+ by years end .
If you want to check out the TA for ASN...............the charts have been updated.
View attachment 16338
IMO
DYOR
Nice one Nut!
