Anson Resources (ASX:ASN) is ramping up battery-grade lithium carbonate production at its Sample Demonstration Plant in Florida to meet demand from potential offtake partners.
The $190.60 million market capitalisation company says it is now continuously producing lithium carbonate from brines from its Paradox Lithium Project in south-eastern Utah. Anson plans to continue increasing production up to one tonne per annum (tpa) by the end of 2023.
Anson reports the ramp-up is a key step in its qualification process with potential offtake partners, as it enables it to provide lithium carbonate samples to vehicle manufactures and cathode activity material manufacturers as part of the product qualification process.
The company notes its desired 1tpa production goal is sufficient to meet stage one and two supply qualification requirements of potential offtake partners.
Discussions are currently ongoing with vehicle manufacturers.
Commenting on the production ramp-up Anson Executive Chairman & Chief Executive Officer Bruce Richardson says: “Our qualification process for potential offtake partners is progressing very well. The DLE technology Anson has selected for the Paradox Lithium Project has been proven commercially, and now we are in process of providing battery-grade lithium carbonate samples to large vehicle manufactures and their CAM’s in the US as part of a structured supply qualification process in order to qualify as a supplier to these end users.
“Samples of different quantities are required by various groups in the supply qualification process, and Anson continues to ramp-up production at its demonstration plant to meet demand“
Samples of different quantities are required by various groups in the supply qualification process, and Anson continues to ramp-up production at its demonstration plant to meet demand.
We are also using this as an opportunity to assess new technologies as they are developed and processes to improve lithium extraction and processing plant efficiencies as part of a continual improvement agenda at our Lithium Innovation Centre.
The company has designed, engineered and constructed a sample demonstration plant at the LIC that replicates the full flow sheet in the Paradox Project’s DFS to produce samples required for supply qualification with OEM’s.
It is very pleasing to see the demonstration plant fully operational and producing samples for electric vehicle manufacturers and their CAM providers to support our goal of signing off-take agreements, which in turn are needed for project financing.”
This ramp-up comes only 48 hours after the company’s last announcement, in which it reported it had completed the acquisition for the Green River Lithium Project, which is also located in Utah.
Anson Resources is an explorer and developer of natural resources to power a clean energy future.
The company’s Paradox project is located within the Paradox Basin in southern Utah, where Anson is looking to establish the project as a ‘significant’ lithium-producing operation.
Anson Resources had $38.6 million cash at hand as of 30 June 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Anson Resources
