Bigger than RMX (and probably its $8.5B twin too)

Hi All,

@Mr Hardwood sorry for creating a new thread but thought this title was more appropriate if the below information is anything to go by.  

Bit of a general summary on ASN:

   - The Company plans to develop products for the battery sector (graphite & lithium)

   - Top 8 shareholders own 68% of the shares on issue and the 3 Directors are in that top 8 and own a big chunk of the total (per last pres.)

   - 148m shares on issue and 26m options (ASNOA)


A quick summary of the Company's Ajana Graphite Project which I was getting excited about until I looked more into their Lithium project:


More info:

   - 100% owned

   - 115km2

   - 7-12mt @ 5-15% TGC Exploration Target for one of the prospects (Walcott Prospect)

   - Calculating an Exploration Target at another prospect (Mary Springs Prospect)

   - Samples returned up to 42.3% TGC

   - Similar to Tanzanian Graphite deposits

   - Produced Li-Ion Battery grade (99.97%) purified spherical graphite in Germany by ANZAPLAN

   - Produced Graphene that meets market high end specs (all three exfoliation methods)

   - MOU signed with China's Shanxi Jianbang Group Co Ltd for the commercialisation of ASN's graphite and graphene products




Onto the main course (Lithium):

Summary and comparison to Lithium peers with the current SP as well as at 5c and 10c:




From the above comparison, the best peer to compare ASN to is RMX as they’re both looking at brine lithium in the US.  In saying that, I also hold RMX and believe that it is very undervalued when compared to the peers above.

Comparing ASN and RMX:

RMX potential:





ASN potential:



So RMX has maximum levels of 2.4 ppm lithium.

ASN has 1,700 ppm Lithium (up there with the best in the world - plus it has bucketloads of credits from Bromine, Boron, etc), although not on its tenements but only 800m away from its tenements.

The 1,700ppm reading is on a fault called Roberts Rupture which runs all the way through the ASN tenements and most of it is in the ASN tenements.

Here is a map showing the 1,700ppm Lithium well as well as the ASN tenements next to it and the Roberts Rupture fault (black line through the ASN tenements):


Comparing the 1,700ppm to the best/rest of the world (including the Silver Peak mine which is owned by “RMX’s $8.5B twin”) and some of the best brines from South America:





I found a technical report that provides pretty much all information required for the ASN tenements/geology in the area.

Here is an extract of each page of the report – some amazing information.







































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HC only allows a maximum of 20 images per post so I'll continue with another post.
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