ASN 3.13% 15.5¢ anson resources limited

Bigger than RMX (and probably its $8.5B twin too), page-352

  1. 1,972 Posts.
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    Our lithium project
    - Only an 11 hr drive from Tesla's Gigafactory - beats shipping resources for days and weeks from elsewhere. In my opinion, makes ASN an attractive cost-efficient supplier.
    - Historical brine analysis ranging from 64-1700ppm.
    - Onsite processing plant.
    - Highly pressurized mineralised brine expected to flow freely. Requiring less energy to bring to the surface than traditional brines.
    - Brine test work during April-Jun with drilling permits requirements starting Jun.
    - Second smallest market capitalisation.
    - Results showing that magnesium could be removed with a lithium loss of less than 3%.

    However, we currently only have 10% interest in the ULI project, but can earn a further 40% by defining the location(s) for one or more drill holes, issuing an NI 43-101 technical report, and expending US$666,000. As well as a further additional 20% by drilling and logging one or more holes, issuing an NI 43-101 technical report, and expending US$2,330,000. Once completed that will be a total of 70% interest in the ULI project!

    And then we also have some graphite, cobalt, and nickel. And let's not forget that the Ajana Graphite Project in Northampton, WA is a proven and established mining province for Zinc, lead, and silver as well. ASN financials also very appealing with, $1,067,000 cash on hand as at 31 March 2017, with a further $220,000 still invested in Iconic Minerals Ltd as at 26 April 2017. Let's not forget about our oppies either (ASNOA).

    All for 3c! I don't know about you all, but this business is a ticking time bomb before it's share price becomes a northern projectile and knocks the moon out of orbit.

    Exciting times! So much on the agenda across all our projects, we should have a consistent flow of announcements and news.

    Happy to hear your thoughts, and please, if I left something out please share
    Last edited by dalto24: 29/04/17
 
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