By way of a reminder:The Company’s engagement with Sunresin...

By way of a reminder:

The Company’s engagement with Sunresin began in 2019 during a search for a DLE technology that was the most suitable for Paradox Lithium Project’s brine. Four DLE alternative technologies were trialled over the next year. The binding arrangement is the culmination of 12 months collaborative work between Anson and Sunresin, where Anson has conducted several rounds of test work using Sunresin’s patented Direct Lithium Extraction (“DLE”) process in Xian, China in 2020 and in 2021 using a small scale DLE pilot plant at an independent laboratory in Salt Lake City, USA. This test work proved highly successful and delivered a lithium recovery rate of 91.5%, see ASX announcement 13 August, 2021.

Since November 2021 Sunresin has worked with global engineering firm, Worley on the Paradox Lithium Project’s Definitive Feasibility Study (DFS). The engineering and design work to the DFS level has been completed.

Sunresin, Worley and Anson have worked together as a team in the engineering design of Stage 1 of the Project, which has provided the basis for the cost estimates to be released in the upcoming DFS. This combined engineering team has developed a design that will integrate Sunresin’s DLE process and the downstream equipment required to produce lithium carbonate with utilities and other inputs to operate successfully in Utah, USA.

Looking like a great threesome....ASN, the only way is up.!!