Anson Resources Limited (ASX: ASN) has announced initiating a geotechnical engineering initiative to validate the site for its proposed processing plant at the Paradox Lithium Project, located in the Paradox Basin in south-eastern Utah, USA. The company has selected a team to conduct the program, and they are set to begin their work on-site by the end of October 2023.
Anson's subsidiary, A1 Lithium Inc., evaluates site suitability for Paradox Project's lithium plant. The selected site, strategically positioned on privately owned land near the Colorado River and approximately 10km away from the Paradox Project's extraction site, is subject to comprehensive evaluation, including core drilling, shallow trenching, and electrical resistivity testing. The outcomes of this geotechnical study will inform the engineering designs for Anson's planned lithium production facility at the Paradox Project.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.