The announcement made by Anson Resources Limited regarding the...

The announcement made by Anson Resources Limited regarding the commencement of the Front End Engineering and Design (FEED) Study at its Paradox Lithium Project in Utah, USA is significant for a number of reasons. The proposed lithium carbonate processing plant with a production capacity of a 13,000tpa lithium carbonate equivalent has the potential to not only provide a significant supply of lithium to the growing lithium-ion battery industry, but also to support local economies by creating jobs and attracting international investment.The FEED Study, which will build on the Project’s robust Definitive Feasibility Study completed in 2022, is a pivotal next step in Anson’s plans for the construction of the processing plant. Worley Group Inc has been appointed to undertake the FEED Study, while Anson has appointed its own engineering team to support Worley in delivering the Study.Of particular significance is the fact that Sunresin’s commercially proven Direct Lithium Extraction process will be incorporated into the FEED Study through collaboration with Sunresin and its engineers. Sunresin is the process package owner and technology provider for the proposed LCE plant at Paradox and will be responsible for the design and engineering work to applicable US standards. Furthermore, Anson is focused on sourcing as much of the required equipment and components from North America as possible, in order to maximise the opportunity to secure debt financing from government agencies, Export Credit Agencies and the United States Department of Energy. This provides an added boost to local economies and could potentially support the growth of new technology industries in the region.Overall, the commencement of the FEED Study at Anson’s Paradox Lithium Project holds the potential for significant economic benefits for both the local and international communities. With the expected completion of the Study by Q4 2023, it will be interesting to see the impact that the proposed lithium carbonate processing plant will have on the industry and the economy as a whole. And I feel this is big news