Our lithium project
- Only an 11 hr drive from Tesla's Gigafactory - beats shipping resources for days and weeks from elsewhere. In my opinion, makes ASN an attractive cost-efficient supplier.
- Historical brine analysis ranging from 64-1700ppm.
- Onsite processing plant.
- Highly pressurized mineralised brine expected to flow freely. Requiring less energy to bring to the surface than traditional brines.
- Brine test work during April-Jun with drilling permits requirements starting Jun.
- Second smallest market capitalisation.
- Results showing that magnesium could be removed with a lithium loss of less than 3%.
However, we currently only have 10% interest in the ULI project, but can earn a further 40% by defining the location(s) for one or more drill holes, issuing an NI 43-101 technical report, and expending US$666,000. As well as a further additional 20% by drilling and logging one or more holes, issuing an NI 43-101 technical report, and expending US$2,330,000. Once completed that will be a total of 70% interest in the ULI project!
And then we also have some graphite, cobalt, and nickel. And let's not forget that the Ajana Graphite Project in Northampton, WA is a proven and established mining province for Zinc, lead, and silver as well. ASN financials also very appealing with, $1,067,000 cash on hand as at 31 March 2017, with a further $220,000 still invested in Iconic Minerals Ltd as at 26 April 2017. Let's not forget about our oppies either (ASNOA).
All for 3c! I don't know about you all, but this business is a ticking time bomb before it's share price becomes a northern projectile and knocks the moon out of orbit.
Exciting times! So much on the agenda across all our projects, we should have a consistent flow of announcements and news.
Happy to hear your thoughts, and please, if I left something out please share![]()
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