Paradox
Lithium Project:
Fast Tracking
to Production
28 August 2018
Presentation
Argus LiCoNi 2018
Singapore
Anson’s First Lithium Carbonate
Disclaimer
The information contained in this confidential document ("Presentation") has been prepared by Anson Resources Limited (the "Company"). It has not been fully verified and is subject to material updating, revision and further
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This Presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this discussion, other than statements of historical facts, that address future activities and events or
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are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-
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Competent Person’s Statement The information in this announcement that relates to exploration results and geology is based on information compiled and/or reviewed by Mr Greg Knox, a member in good standing of the
Australasian Institute of Mining and Metallurgy. Mr Knox is a geologist who has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity being undertaken to qualify as a
“Competent Person”, as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion in this report of the matters based on
information in the form and context in which they appear. Mr Knox is a director of Anson and a consultant to Anson.
ASX: ASN 2
Directors
Bruce McLeod, B.Sc. (Maths), Bruce Richardson, B.A (Hons) - Peter (Greg) Knox B.Sc. (Geology) – Non
M.Com (Econ) - Non Exec Chairman Managing Director Executive Director
Experienced public company director Proven track record of 9 years in
exploration, mining and production in Mr Knox is a qualified geologist with over
>25 years experience in the Australian public and private companies 30 years of experience in exploration,
capital markets mine development and mining operations
>30 years of international business
Corporate funding experience in experience, particularly China He has worked on projects from grass-
resources and property industries roots exploration through to mine
In the past few years has raised over
Extensive experience in the takeover development and production
$170 million dollars of investment in
and rationalisation of companies mining projects
ASX: ASN 3
The Four Corners - A New Lithium Province
Multiple exploration companies in the 4 corners “New
Lithium Province”: Moab, Utah, USA – long history of
mining
Brines known to exist throughout the Paradox Basin which
covers an area 33,000 square miles (85,470km2)
Historical records indicate presence of lithium
ASX: ASN 4
Paradox Brine Project – Advantages
Prime Area and Location
Total project area 893 claims covering
8,773 hectares of land.
Purchased oil/gas lease and well at Cane
Creek 32-1
Applied for industrial lease at Cane Creek
Estimated an exploration target of
between 65M tonnes (311 million barrels)
and 130M tonnes (622 million barrels).
Area Thickness Porosity Volume Density Brine
m2 % m3 Barrels
81,000,000 10 feet 20.0 50,000,000 1.3 311,000,000
81,000,000 20 feet 20.0 100,000,000 1.3 622,000,000
Estimated exploration target calculation*
*Refer ASX release dated 16 May 2018. The Exploration Target is conceptual in nature as there has been
insufficient exploration undertaken on the project to name a Mineral Resource. It is uncertain that future
exploration will result in a Mineral Resource.
ASX: ASN 5
Paradox Brine Project – Advantages
• Location
Utah, USA well regulated and
managed operating environment
Tesla Gigafactory 11 hour drive Tesla Gigafactory
Close to market
15 km west of Moab providing a
mining support service
ASX: ASN 6
Paradox Brine Project – Advantages
Existing Infrastructure
Close proximity to key infrastructure:
Interstate Highway
Railway
Power Line
Gas Line
ASX: ASN 7
Paradox Brine Project – Advantages
Artesian Flow
Comes to surface under own pressure
2000+ psi at surface
Temperature at surface 40 degrees
Assists in processing
Highly Concentrated Supersaturated Brine
High concentrations of Bromine, Iodine and
Magnesium
Lithium and Boron concentration increase
significantly with simple evaporation
Sodium and Potassium decrease significantly with
simple evaporation
Magnesium precipitated within 2 hours
ASX: ASN 8
Paradox Lithium Project – JORC
JORC Report Being Prepared
Numerous existing wells available for further
re-entry sampling
Approval provided for one new well and NOI
being prepared for an additional new well
Third party wells being drilled may provide
opportunity for additional sampling
Extensive data base including seismic and
drilling logs available
SRK to review the data and sampling
opportunities and determine additional work
to be conducted to achieve a JORC resource
It is expected that this will be completed by
October, 2018
ASX: ASN 9
Test Work - Evaporation
Feed Grade significantly higher after evaporation
Sample Li B Br Mg Na K Ca
(ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
Day 1 126 1,870 3,335 39,100 31,100 36,500 53,800
Day 28 986 12,400 11,500 1,860 3,810 282,000
Refer ASX release dated 17 July 2018.
ASX: ASN 10
Preliminary Test Work Commenced
Outotec – Precipitation/Solvent Extraction
Li, B, Br, I & Mg
High magnesium concentration reduced to
less than 2 ppm from 39,100 ppm by
precipitation
High calcium concentration reduced to less
than 5 ppm from 53,800 ppm by precipitation
(Mg 0.5 ppm)
Lithium loss less than 5% after successful
removal of magnesium and calcium
Test work to extract Li, B, Br and Iodine is
underway
Outotec Conceptual brine process
ASX: ASN 11
Preliminary Test Work Commenced
Lilac Solutions – Adsorption Method Lithium
This process extracts lithium only
Lithium extracted from brine using adsorption process
Patent process
Bench top test work has produce first lithium
carbonate product
Can be incorporated into a multi mineral extraction
processes
ASX: ASN 12
Paradox Brine Project – Fast Track To Product
Paradox Brine Project - On Track to Product Feb-18 Mar-18 Apr-18 May-18 Jun-18 July-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Mar-19 Jun-19 Sep-19
Stage 2
Acquisition of Cane Creek 32-1 Oil & Gas Well
Sampling of Cane Creek for Li, B, Br, I & Mg
Brine sample assays and transportation to test lab
Stage 3
Brine test work lab based pilot plant
Lithium carbonate product qualification test commence
Stage 4
1 Drilling Program
JORC/NI43-101 Definition
Pre-Feasibility for production facility
Stage 5
In-field pilot plant design and construction
Commissioning
Stage 2 Stage 3 Stage 4 Stage 5
Drilling program Lab based test work JORC Drilling Program In-field Pilot Plant
ASX: ASN 13
Additional Projects – Western Australia
Ajana – Graphite & Base Metals:
Lead Resource just upgraded to JORC 2012
Base metals and graphite:
31 VTEM targets to test
Soil anomalies throughout project area to be tested
470km north of Perth
Hooley Well Nickel & Cobalt:
Lateritic Ni-Co-Cr deposit:
Cobalt mineralisation over an area of 1.5km * 0.8km
HAC004, 4m @ 1.41% Ni, 0.11% Co & 1.99% Cr*
Possible primary nickel sulphides (identified by IP response)
720km north of Perth
*Refer ASX release dated 9 March 2017.
ASX: ASN 14
Paradox Basin Project
Thank You
ASX: ASN 15
Contact Details
Bruce Richardson
Managing Director
E:brichardson@ansonresources.com
T:+61 8 9226 0299
W:www.ansonresources.com
twitter.com/anson_ir
Linkedin.https://www.linkedin.com/company/13357337/
ASX: ASN 16
