ANSON RESOURCES WKN: A2AC6W ISIN: AU000000ASN8 Kürzel: 9MY Forum: Aktien Thema: Hauptdiskussion

Anson Assays 91% Higher Lithium Grades at Skyline Well Highlights: • Intercepted supersaturated brine in Clastic Zone 31 at Skyline Unit 1 well o 193.5 ppm Li (91% increase from Cane Creek 32-1) o High concentration of bromine (Br) and iodine (I) • High flow rate of 123 barrels per hour (3 times the rate at Cane Creek 32-1) • Further step to progress a JORC Resource achieved Anson Resources Limited (Anson) has received the first assays of the free flowing brine intercepted during the recent drilling at the Skyline Unit 1 well (Skyline), at its Paradox Brine Project, located in Utah. These include a lithium grade of 193.5ppm, which is 91% higher than the lithium grade of the brine from Anson’s Cane Creek 32-1 well which has been used for test work to date. Table 1 below, shows the assays of Skyline Unit 1 and Cane Creek 32-1 wells and other historic results in the Long Canyon area.

Step by step ;)

Anson Intercepts Large Brine Flow at the Skyline Unit 1 Well Highlights: • Supersaturated brine flow from Clastic Zone 31: o Flow from 6,220 feet below surface o Flow rate of 123 barrels per hour without pumping o Continued to flow for 6 hours until temporarily shut-in • High down hole pressure and temperature recorded: o 5,121 psi pressure o 1160 F vs surface temperature of 870 F o Consistent with historic data from the Long Canyon No. 1 well which included an assay of 500ppm Li Anson Resources Limited (Anson) has intercepted a zone of heated and pressurised supersaturated brine at 6,220 feet resulting in artesian flow during its re-entry drilling at Skyline Unit 1 (Skyline) well, the third stage of Anson’s exploration program at its Paradox Brine Project.

Anson Commences Re-entry Drilling at the Skyline Well Highlights: • Drilling commences to re-enter Skyline Unit 1 oil well for brine sampling • Brine from 5 clastic zones to be assayed for lithium, iodine, bromine, boron and other minerals • Drilling is part of the program to estimate a JORC Resource

Es wird langsam konkreter. Die Einsparungen durch das Verwenden existierender Infrastruktur ist signifikant in Bezug auf Kosten und Zeit. Anson In-Field Pilot Plant Update Highlights: • Pilot plant infrastructure - brine holding tanks installed • Hatch and Lilac progressing with design and engineering • Process refinement test work is on-going

Looks like we will wrap up this year the these low levels. Lets just think about how far we have come in a years time and how much more solid the project is, yet still a very small MC. - Much much more area claimed. - New wells entered, more knowledge of the structure and strata of the paradox basin. - Huge knowledge building year in general. - Different methods trialled (Solar evap, 'heat reactor' etc etc) - Proof of concept applied to LiLac's work and produced a product. - Production of a high grade sample of hydroxide from a very low feed grade. (Note, In order to make lithium hydroxide you need to make carbonate first  wink wink )  - Intercepted high levels of other profitable minerals, test work ongoing for extraction. - Engineering firm tasked to develop/plan pilot plant. - Suitable area already approved for pilot plant, power can be applied to site easily from grid - Existing Oil and gas lease could offset costs. Next year will be an exciting year - Two well re-entires in the sweet zone, IMO this could be the turning point for many investors. >500PPm this will go ballistic. Some geological planning has gone into this applying what they have learned from the previous re entries so this could be the hot spot, much closer to the historic high recordings too. The greater the ppm the less front end processing required and cost savings. - Further the pilot plant project to a construction stage and deploy/commission.  - Results from Hazen work and mineral extraction. - Further LiLac work  to improve method and work on efficiencies.  Another thing: - Many lithium brine plays are solar evap, a process taking a long time and is slow and old tech. -  The ASN Pilot plant is directly fed from the source, no ponds. The weather cant stuff us up, Water restrictions from the government cant stuff us . This also means with a maximised efficiency we could have a very fast turnaround from raw source product to a product ready to deliver the the manufacturer. Not to mention all of our potential by products to offset the costs if the lithium sector has a down turn. Oh and also not to mention potentially offsetting power costs by utilising the gas lease.  ASN might be different to your usual safe lithium producer from south america, but also has alot of positives if you really stop and think about it. I am one to really appreciate innovation and it is great to see a company pushing the boundaries of this industry. Stay focused everyone, If you're happy and here to stay that is great and I'm here for the ride with you. If you're uncomfortable with the stock and want to sell out that is also great, we wish you the best. If you're sticking around and whinging with no faith that is a good indicator to me you're upset and sitting on a big loss. Instead of taking it out on the forum and the company why don't you re think your investment strategy, or go and buy some blue chip shares.

This thread seems to be abit off the road at moment more commenting on other posters than anything so thought I would post something of interest to all us long term holders. After my last email I asked Bruce the following as I was still a little confused if Lilac had or hadn't produced BG LCE from the Cane Creek brine yet. My email: Thanks Bruce for the reply and guess it makes sense that you can’t announce details until the final design is done. Just wanted to query something from your reply though. Has Lilac actually produced BG LCE from the Cane Creek Brine? I thought they got to about technical grade of 88% or so but not the BG grade of 99.5%+. Am I wrong in my reading of this as in the LCE ASX announcement it says that they were still working towards BG grade but had not got there yet? Just wanted to clarify thanks. If I am right then would the pilot plant just be producing technical grade not BG grade? Bruce very kindly replied yesterday (twice) and I have his permission to post his reply on HC "No problem for you to publish my comments on hot copper. All of the results were announced. There is nothing new there just some underlining of the importance of the results." Bruce's Reply: I can only clarify what is in the announcements. We did not announce a technical grade of 88%. We did announce that we achieved high purity lithium carbonate and lithium hydroxide (99.7% cations only basis) and that we are progressing on the right path towards LCE BG which is 99.5% on a cation and ion basis . Achieving 99.7% on a cation basis is an important milestone as it indicates we are very close to LCE BG. We did advise that Lilac was able to increase the Li content in the eluate (liquid) to 10,000 to 15,000 ppm. It is our understanding that the South American brines are increased to 6,000 ppm. This is an important milestone as higher lithium content in the eluate should contribute to better economics. In addition, we announced 80% recovery to the eluate stage and a projected overall 70% recovery rate to final lithium hydroxide. Presentations that I have seen by independent analysts indicate that the recovery rates from solar evaporation in South America are 30-50% to lithium carbonate. Their lithium carbonate is then shipped to China and some is transformed to lithium hydroxide which of course results in more loss and a lower recovery rate. The reason for the high loss to lithium carbonate, some of the lithium is not properly separated from other minerals in the effluent, transferring the brine from pond to pond 4 to 5 times and transportation to the processing plant. In the Lilac process all the brine is contained in a plant once it is extracted. Seems to make sense and another important milestone because it means better economics than the South Americans. I have not seen any junior announce results from an INDEPENDENT laboratory that confirms that they have achieved LCE BG. If you have seen that please send me a copy. We know what LCE BG is and I am interested to see if any junior has achieved that as verified by an independent laboratory such as ALS or SGS. While 99.5% is stated as BG what’s in the other 0.5% can also be very important in determining if the lithium is suitable for particular uses including batteries for EV’s. One of the objectives of the pilot plant is to produce LCE BG 99.5% on a cation and ion basis. A second objective is to produce product for testing by end users, off take partners etc. We do not intend to build the pilot plant to produce industrial grade lithium carbonate. Some really good news went out last week but the shareholders sold down. Very disappointing. Some very good points came out of this email which IMO the market missed the importance of in the announcement of 14 November 2018. They are very close to producing BG LCE and one of the objectives of the pilot plant is to produce this for end users/OT's etc. Higher lithium content of 10,000-15,000 ppm in the eluate should contribute to better economics. I know Bruce said about 6,000 ppm for the South American briners but my understanding is its higher than that but certainly not 15,000 ppm so higher grade would be more economical. The 3rd point though I thought was more important as I had not thought about this before and not sure if others have either as I haven't seen it discussed here before and that is that the Lilac process is much more efficient in extracting the lithium not only because it is a direct extraction method but also because "in the Lilac process all the brine is contained in a plant once it is extracted" so there is zero loss from transferring between ponds or transporting the brine from the ponds to the plant as this isn't required under the Lilac process as under that process the brine is feed directly by pipe (I assume) into the extraction plant. I also asked Bruce about Lilac as I had a few doubts about their process as I have not yet seen costs and some of their presentations had differing timeframes etc for being able to produce. Bruce’s Reply: I understand your views on Lilac but you need to understand what’s happened in the USA. After Silicon Valley, Apple, Facebook, Instagram, Tesla etc many of the smart people coming out of university don’t want to work for Chevron or Boeing etc, they want to create a start-up and build their own company and benefit from their own work….and make their fortunes. That’s the culture that Lilac has emerged from. Those guys are from the east coast and they have moved to the west coast to join the start-up culture in San Francisco. They are smart guys and they work very hard, with money as a motivator. We had our doubts too. That’s why we appointed Hatch as consultants to ensure that they work they are doing is aimed at meeting our objectives and technically make sense. Afterall this is high level applied chemistry and we needed advisors that could oversee and agree with the work they are doing. Hatch has been involved in many lithium projects. One of their guys, Rob Fraser, has been involved in lithium for over 10 years and helped the South Americans improve their processes so that they could sell to China. We rely on Hatch to make sure Lilac is on the right track and seek their advice on how to develop to the next step which is the PFS. We decided to apply technology to produce lithium and that meant challenging the status quo and the traditional methodology. As early adopters we expect to reap the benefits. We have already seen others follow us and expect there will be more. I found that info on Lilac interesting as well, as obviously Hatch are very well qualified to ensure Lilac are on track and they would not have recommended them for the pilot plant if that wasn’t the case and Hatch are also going to help ASN develop the PFS. Along with the extra minerals this is another key differentiator for ASN IMO as well “We decided to apply technology to produce lithium and that meant challenging the status quo and the traditional methodology. As early adopters we expect to reap the benefits” My final question was about the resolution for the performance rights as I thought it was early in the cycle to have PR’s on this at moment. I was happy with Bruce’s reply below: With regard to the resolution. We expect to go through to production. However, we could not ignore an offer which is in the best interest of all of the shareholders if one came along. We have seen a lot of activity in recent weeks form big companies buying into existing projects so thought it a good idea to have a benefit there just in case.

Nicht zu vergessen sind die weiteren Rohstoffe, die neben Lithium gewonnen werden. Alleine dadurch sollte das Projekt durch die Decke gehen.

Das war ein wichtiger Grundstein!!! Wenn jetzt noch das richtige Offtake Agreement folgt ist die ASN Welt wieder in Ordnung

Was ein Feuerwerk wieder

Anson Resources Limited (Anson) is pleased to announce that it has successfully produced its first lithium hydroxide product from the Paradox Lithium Project in Utah, (the Project), see Figure 1, during R&D precipitation test work carried out by Lilac Solutions (Lilac). This represents a further step forward in determining the production process and determining products that can be offered to customers. Both lithium carbonate, see announcement 12 July 2018, and lithium hydroxide have now been successfully produced from Cane Creek brine using the Lilac process.

Neue Investor Presentation https://hotcopper.com.au/threads/ann-anson-investor-presentation-august-2018.4396190/?post_id=35264780#.W4ZiZclCS7M

+9% 12c$ --> ein guter Start in die Woche. Testergebnisse waren für Mitte August angekündigt...^^

Der Newsflow ist wirklich aussergewoehnlich! Ich denke die Skepsis liegt vermutlich daran das die Leute ein Produkt sehen wollen. Kunden wird es geben, China laesst gruessen. So darf es weiter gehen :)

Die sollen mal schön weiter bohren ;) mittlerweile hab ich ein sehr gutes Gefühl!

https://www.asx.com.au/asxpdf/20180731/pdf/43wxcwx4mxxbf2.pdf Weiter gehts!