Name of the Project
Paradox basin brine project.
Location
Utah, in the US.
Project Owner/s
Anson Resources.
Project Description
Anson plans to extract lithium and bromine from brine to produce high-purity products using direct lithium extraction technology and conventional flowsheets for all other processing.
Phase 1 is expected to produce about 13 074 t/y of lithium carbonate over a 23-year mine life.
The proposed Phase 2 expansion will target substantial expansion in the production of lithium carbonate and bromine, and will expand the Paradox project resources through the re-entry and sampling of historic wells, including Mineral Canyon; Sunburst; and high-grade, large Mississippian formations.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Phase 1 has a pretax net present value, at a 7% discount rate, of $1.31-billion and internal rate of return of 47%, with a payback of two years.
Capital Expenditure
Capital expenditure in Phase 1 is estimated at $495-million.
Planned Start/End Date
A final investment decision is targeted for the second quarter of 2023, with first production of battery-grade lithium carbonate in 2025.
Latest Developments
Anson announced positive results from a hydropower energy recovery study at its Paradox project in February 2023. The results indicated that small-scale hydropower units could be installed to capture useable energy.
Based on the study and available information, up to 4 MW of power may be generated using small Pelton Pit turbines. A front-end engineering design under way will further examine the option to include hydropower generation as part of the project’s overall power supply strategy.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Anson Resources, tel +61 478 491 355 or email info@ansonresources.com.