Hmmm, you should probably read page 4 of the ‘Half Year Report’...

Hmmm, you should probably read page 4 of the ‘Half Year Report’ - The Paradox Brine Project (extract below) (bolding mine).

Seems pretty clear to me that lithium will be first… Work being done in tandem regarding bromine and of course a bromine off take with Tetra is just a matter of time imo, but ‘stand alone lithium plant first stage of the project.’

I returned to ASN for the Bull, felt that the bromine was hugely derisking the project, but in some ways I think I’ve stayed for the lithium…

Always keen to see news drop..

GLTH

Engineering Studies

Anson has advised Worley to progress the engineering studies it has been conducting on its behalf and to execute a Detailed Feasibility Study (DFS) for the development of a lithium production facility at Paradox (see ASX announcement of 24 November 2021). The outcome will be a final total-installed cost estimate that will enable Anson to move forward into the detailed design and construction phases for a lithium production plant for the Paradox Project.

The bromine pre-feasibility study finalisation will be determined upon the completion of the Lithium Detailed Feasibility Study and conclusion of discussions with TETRA Technologies regarding off-take and supply agreements which are on-going.

The sustained increase in the lithium price and the improved economics of the lithium production process derived from the adoption of alternative direct lithium extraction (see ASX announcements of 6 and 13 August 2021) has enabled Anson to accelerate the engineering of the proposed lithium plant and focus on a stand- alone lithium plant as the first stage of the development of the Project.