Anson Resources Limited (Anson or the Company) is pleased to announce plans to expedite its JORC Resource upgrade at the Paradox Lithium Project (“the Project”) in Utah, USA, via test work on newly discovered historic diamond core from the Project area.


Highlights:

  • Anson to use historic diamond core from drilling into the target Mississippian Units at the Paradox Lithium Project to determine porosity and specific yield
  • Program expected to deliver significant cost and time savings for Anson’s planned upcoming JORC Resource upgrade as new core will not be required
  • Completion of test work programs is expected to contribute to a substantial upgraded JORC Resource in the Indicated and Measured categories
  • The upgraded JORC Resource will form part of the Project’s DFS currently being undertaken by Worley
  • The historic drilling data and recent re-entry logs will also be consolidated into an updated production flow model for the Paradox Project and Inferred Resource

Anson’s discovery of diamond core and cuttings retained by the Utah Core Research Centre (UCRC) at the Utah Geological Survey will deliver a significant time and cost saving in upgrading the existing Exploration Target at the Paradox Project into Indicated and Inferred JORC Resources.

This, in turn, will help fast-track the delivery of the Definitive Feasibility Study (DFS), currently being undertaken by Worley, and the proposed commencement of production at Paradox.

Click here for the full ASX Release

This article includes content from Anson Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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