Anson Resources (ASX:ASN) has confirmed the location for the site of its proposed processing plant at its Green River Lithium Project in Utah, US.
The $190.6 million market capitalisation company says the confirmation of the processing plant spot follows a geotechnical engineering study over the area that returned ‘positive’ construction recommendations for the planned direct lithium extraction (DLE) plant site.
Anson reports this is a key milestone for its development plans at Green River.
The engineering study results also confirm the proposed site is suitable for the construction of the proposed processing plant’s foundations.
No groundwater was encountered and is not anticipated to affect the proposed construction.
This engineering study was undertaken by independent engineering and geological consultants as part of Anson’s due diligence process for its recently completed acquisition of an industrial-use land package at Green River.
The study comprised 9 core holes and 5 trenches, as well as geophysical surveys to test the dynamic properties of subsurface materials.
Anson plans to develop the Green River project in parallel with its lead asset, the nearby Paradox Lithium Project.
Anson Resources is a junior minerals explorer with a portfolio of minerals projects in key demand-driven commodities.
The company’s Green River project is located 50km northwest of its Paradox project in Utah’s Paradox Basin and represents a ‘strategic’ addition to its lithium asset portfolio in the region.
Anson Resources had $38.645 million cash and cash equivalents at hand and $14.75 million in unused finance facilities as of 30 June 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Anson Resources