Bitterwasser brine anomaly is 6x size of Sydney Harbor, and has a similar depth of around 200m. Sonic drilling results pending. Anson has an ex oilfield brine project in Utah with lithium grades of 150ppm that are economic using proven DLE recovery tech, current MC is 20x MC of AM7.
AM7 drilled three sets of dual holes along a 49km stretch of the EM anomaly (size is massive) plus a number of other targets within and around the valley floor. Already have 500,000 tons of LCE from 2 of 12 surface targets. Testing new tech to concentrate claypan lithium. And then do heap leach trials. AM7 developed and financed its first tantalum concentrate mine for $1.5M over 24 months.
Ann: Drilling commenced at Bitterwasser Lithium in brines project, page-6
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