The important part for me from the Ann,
1. Anson has now completed evaluation of three separate technical processes for the extraction of lithium from brines from the Paradox Lithium Project: (i)tradition solar evaporation; (ii)Outotec's solvent extraction; and (iii) Lilac's ion extraction process. Bases upon the results, the Company has resolved to move to the next project development stage by commissioning the design and construction of a pilot plant incorporation the production flow chart developed by the Phase 1 Engineering Project conducted by Lilac Solutions.
2. Commenting on the results, David Snydacker, Chief Executive Officer of Lilac Solutions said "Lilac is extremely pleased that we have been able to consistently achieve lithium recoveries up to 80% in our lithium extraction unit, and have converted this recovered lithium into high-purity lithium chemicals. Lilac is excited to continue to move forward in tis partnership with Anson toward commercial production of lithium as it considers that the project will be globally competitive.
3. Lilac deploys unique ion exchange media and related processes to extract lithium from the brine resource with high recoveries, minimal costs, and rapid processing times. The removal of evaporation ponds is a significant environment benefit, as the footprint of the operation is significantly reduced, and they are also expensive to build, slow to ramp up, and vulnerable to weather fluctuations.
4. the cost advantages in using Lilac's IX extraction process will come from reduced processing time, higher recovery rates and simplified extraction process, with fewer reagents. The technology is modular to suit various project sizes. It can also be integrated with conventional plant design for production of battery-grade lithium carbonate and lithium hydroxide.
5. Anson's Executive Chairman, Bruce Richardson, commented, "The results that have been achieved by the Lilac Process have been exceptional. To ensure that the best economic results could be achieved several different extraction methodologies have been tested. As and early adopter of the Lilac process, the Company will gain a significant advantage over traditional brine producers by utilizing a new technology that provides an improved recovery rate, a faster production process with less environmental impact and as a result improved economics.'.
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