Highlighted Projects: Lithium
Shaping the future supply of the "white gold"
“For the Paradox Project, Anson partnered with Worley and technology provider Sunresin for a US$500 million DFS. The study focused on a chemical plant process, diverging from conventional hard rock mining methods. Initially designed for 10,000 t/y based on a JORC resource of 1 million t at 140 ppm, the DFS revealed an increase to 13,000 t/y with an average grade of 180 ppm. The project boasts an IRR of 47%, an NPV of US$1.3 million, and a payback period of about two years. The next stage, front-end engineering design, is expected to be completed in Q1 2024.”
Bruce Richardson, CEO, Anson Resources
“On November 2023, we announced our inaugural MRE for the Horizon Lithium Project, one of the largest identified lithium deposits in the US, exceeding 10.2 million t with an average grade of 678 ppm lithium (cut-off at 300 ppm Li). The deposit shows potential for expansion through step-out drilling in any direction and at greater depths. We are currently assessing geophysical exploration techniques, including passive seismic and resistivity, and progressing with Phase 3 drill planning and permitting. Simultaneously, we are actively advancing steps to complete a PEA.”
Jason Latkowcer, President and CEO, Pan American Energy
“The Clayton Valley Project, situated in an ancient lakebed near a longstanding lithium source since 1966, underwent a Phase 2 evaluation program by ACME. Indications of potential lithium deposits emerged in the northwest area of the lakebed. The brine well and pumping test aim to determine system activity, productive flow, and gain insights into lithology, including permeability, porosity, and grade. Our goal is to comprehend flow dynamics, reservoir characteristics, and dimensions, crucial for resource identification and estimating lithium content within the project area.”
Stephen Handson, President and CEO, ACME Lithium
“In spring 2023, we executed a drill program at the Nevada North Project, identifying eight new drill sites. The program is now complete, and assay results are being received. The initial five holes yielded significant results, with one hole averaging 4,067 ppm Li and reaching a high of 8,070 ppm Li. The program's objectives included extending the strike length from 1.6 km (as per the 2022 program) to 3.5 km, and broadening the project width from 400 to slightly over 900 meters.”
Greg Reimer, President and CEO, Surge Battery Metals
