ASN 1.43% 6.9¢ anson resources limited

Ann: 25% Increase in Li Grade in Mississippian Unit at Cane Creek, page-25

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  1. 2,833 Posts.
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    Good news, higher than expected is always a good thing and given the enormous amount of brine and the bottom of the Mississippian not being touched after 148m it's gonna create a JORC for just the east of over 1mt LCE. At 50ktpa blue sky potential with a 5 year ramp up that's 25year mine life for the east, with an EBITDA of between 300 and 600m per year depending on output that makes paradox very economical project without factoring in byproduct credits
    Add in the west with 1.1 to 2.7 exploration target and that's 50ktpa for 50 years and higher for less years, when the jorc comes out ASN will be the equal of lake or Vulcan but with a 400m MC and in the USA and not reinventing the wheel to pump up geothermal fluid (see Salton sea project for how that doesn't work the same as in the lab)

 
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