Slide 1: Paradox Basin Project: The New Lithium Province
For personal use only Paradox Basin Project: The New Lithium Province October 2017
Slide 2: Disclaimer
Disclaimer The informa<on contained in this confiden<al document ("Presenta<on") has been prepared by Anson Resources Limited (the "Company"). It has not been fully verified and is subject to material upda<ng, revision and further amendment. The Informa<on many not be distributed to others at any <me
Slide 3: Corporate Overview
Corporate Overview ASN For personal use only $0.09 250 Capital Structure Top Shareholders $0.08 (Total shareholders 1125) Shares on Issue 321M 200 Zhongfan Group 6.25% $0.07 Share Price 8.0 cents $0.06 Op<ons on Issue 122M B Richardson 5.45% 150 Market Capitalisa<on $25.7M G Knox 3.30% $0.05 Million
Slide 4: Directors
Directors For personal use only Bruce McLeod, B.Sc. (Maths), Bruce Richardson, B.A (Hons) - Peter (Greg) Knox B.Sc. (Geology) – M.Com (Econ) - Non Exec Chairman Managing Director Non ExecuBve Director § Experienced public company director § Proven track record of 9 years in explora<on, mining and pr
Slide 5: The Four Corners - A New Lithium Province
The Four Corners - A New Lithium Province § Mul<ple explora<on companies in the 4 For personal use only corners “New Lithium Province”: § Voltaic Minerals § MGX § American potash § Liberty One § US Cobalt § Power Metals § Standard Lithium § Anson strategically located in the deepest part of the Para
Slide 6: Four Corners Lithium Explorers
Four Corners Lithium Explorers For personal use only Company Acres Target Anson Resources 5,767 Li Brines Liberty One 4,480 Li Brines Utah Colorado Voltaic Metals 4,160 Li Brines US Cobalt 2,220 Li Brines Power Metals JV Li Brines American Potash JV Li, Potash Arizona New Mexico MGX 118,000 Li/Oil B
Slide 7: Paradox Brine Project – Location
Paradox Brine Project – Loca<on LocaBon: For personal use only § Tesla Gigafactory 11 hr drive § Known Mining and Oil & Gas jurisdic<on, Grand County Utah, USA Tesla Gigafactory § 15km west of Moab § 4km northwest of opera<ng potash mine Weather: § High semi-desert region § Rainfall – 10 inches § 30
Slide 8: Utah is a World Class Mining Jurisdiction
Utah is a World Class Mining Jurisdic<on For personal use only § Mineral Mines in Utah March 2015 Ac<ve Mine Re<red Mine § approximately 200 different minerals mined in Utah § 600 permiPed mineral opera<ons state- wide § 2014 data from the U.S. Geological Moab Survey, Utah ranks 5th in the value of n
Slide 9: Utah – World's Deepest Open Pit Mine
Utah – World’s Deepest Open Pit Mine For personal use only § The Bingham Canyon Mine, more commonly known as KennecoP Copper Mine among locals, is an open-pit mining opera<on extrac<ng a large copper deposit southwest of Salt Lake City, Utah § The mine is the largest man-made excava<on in the world
Slide 10: Paradox Brine Project – Infrastructure
Paradox Brine Project – Infrastructure For personal use only § Close proximity to key infrastructure: § Interstate Highway § Railway § Power Line § Gas Line ASX: ASN 10
Slide 11: Paradox Brine Project – Overview
Paradox Brine Project – Overview For personal use only § 291 placer claims with an area of 5,767 acres (23.3 square kilometres) § Long Canyon No. 1 opera<ng well with known brine value of 500ppm from Clas<c Zone 31 at 6,013 feet § White Cloud No. 2 with known brine value of 1,700ppm from Clas<c Zone
Slide 12: Peer Project Comparison – ppm values
Peer Project Comparison – ppm values Peer Project Comparison – ppm Values For personal use only 1800 1600 1700 1400 1400 1200 ppm values 1000 800 600 400 340 200 200 200 160 160 0 Paradox Basin Atacama (Chile) Bonnie Claire Calyton Valley Uyuni (Bolivia) Big Smokey Valley Hombre Muerto (Utah) (WC#2)
Slide 13: Historic Lithium Grades
Historic Lithium Grades For personal use only Well ClasBc Zone 31 Well ClasBc Zone 17 Li level Li level Big Flat Unit 2 173 ppm Superior Oil 339 ppm Long Canyon 1 500 ppm Pure Oil 1 134 ppm White Cloud 1700 ppm Average grade 237 ppm Average grade 791 ppm Average thickness 35 W. Average thickness 25
Slide 14: White Cloud No. 2 & Long Canyon No. 1
Paradox Brine Project – White Cloud No. 2 & Long Canyon No. 1 For personal use only § Previous drilling and sampling 1700ppm (WC#2) & 500ppm (LC#1) § White Cloud No. 2 and Long Canyon No. 1 brine flowed to surface under own pressure (lithium rich) § Addi<onal brine horizons above and below Clas<c Zon
Slide 15: Long Canyon No.1 & White Cloud No.2 – Characteristics
Paradox Brine Project – Long Canyon No.1 & White Cloud No. 2 – Characteris<cs For personal use only Robert’s Rupture Significance: § Caused fracturing of rock forma<ons to over 7,000 W in depth § Increases permeability and porosity § Promotes fluid mobility § Fracture and altera<on is visible at surfa
Slide 16: Paradox Brine Project – SW-NE Cross Section
Paradox Brine Project – SW-NE Cross Sec<on For personal use only Anson Re-Entry Gold Bar 2 § ClasBc Zone 31 is the main target horizon (bold red line) § Highly pressurized (4,953psi), approximately double expected pressure at § Cross sec<on shows the loca<on of Anson’s re-entry (White Cloud No. 2 wi
Slide 17: Gold Bar Unit Re-entry Plan
Gold Bar Unit 2 Re-entry Plan Gold Bar Unit 2 well drilled for oil to a For personal use only § depth of 9,682 feet § Clas<c 31 intersected at 70780 feet § Brines was recorded but not assayed § Make over rig to be used to re-enter the well and take brine samples for tes<ng for lithium and other mine
Slide 18: Workover Rig – Multiple Clastic Zones to Target
Workover Rig – Mul<ple Clas<c Zones to Target Clastic Zone Depth (ft) Thickness (ft) Comment For personal use only 3 4560 110.5 5 4930 76.5 7 5170 67.25 9 5410 34.75 11 5600 74.5 13 5968 19 15 6090 5.5 17 6205 35.25 Confirmed Supesaturated Brine 19 6334 34.5 Confirmed Supesaturated Brine 21 6580 55.
Slide 19: Preliminary Test Work Completed
Preliminary Test Work Completed For personal use only § 500 ppm and 1,700ppm Synthe<c brine test work: § Magnesium successfully precipitated § Fast Magnesium precipita<on result achieved – 1hr § > 99% Calcium extrac<on aWer SX § Low Li Loss < 3% achieved ASX: ASN 19
Slide 20: Leverages Proven Technology
Leverages Proven Technology Solvent Extrac<on Technology For personal use only § Proven SX plant technology with experience in similar applica<ons: § BHP, Minera Spence, Chile – Copper (Cu) SX for organic chloride wash § Codelco, Radomiro Tomic, Chile 2000 - Copper (Cu) SX Plant § Sierra Gorda, 2015
Slide 21: Paradox Brine Project – Fast Track To Product
Paradox Brine Project – Fast Track To Product Paradox Brine Project - On Track to Product Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Sep-18 Dec-18 Jun-19 For personal use only Drilling Program Permit process for GB2 well re-entry ü Drilling process mobilise and commence, G
Slide 22: Lithium Brine Peers – Market Capitalisation Upside
Lithium Brine Peers – Market Capitalisa<on Upside For personal use only Market Cap in US (AUD$ M) Market Cap outside of US (AUD$ M) $100 $200 $80 $150 Millions $60 Millions $100 $40 $20 $50 $0 $0 Source: Anson Research 30 Oct 2017 ASX:ASN 22
Slide 23: Paradox Basin Project – Thank You
Paradox Basin Project For personal use only Thank You ASX: ASN 23
Slide 24: Appendix – Lithium Production Cost Comparison
Appendix – Lithium Produc<on Cost Comparison For personal use only Source: Galaxy Resources Ltd presentaBon November 2016 ASX: ASN 24
Slide 25: Appendix – Lithium Technology Requirements
Appendix – Lithium Technology Requirements For personal use only 2016: Deutsche Bank ASX: ASN 25
Slide 26: Appendix – Global Demand by Applications
Appendix – Global Demand by Applica<ons 2015: Lithium demand by applica<ons 2025: Lithium demand by applica<ons For personal use only 2016: Deutsche Bank ASX: ASN 26
Slide 27: Appendix – Demand by Applications (2013-2025)
Appendix – Demand by Applica<ons (2013-2025) For personal use only 2016: Deutsche Bank ASX: ASN 27
Slide 28: Lithium Project – Supply/Demand
Lithium Project – Supply/Demand For personal use only 2016: Deutsche Bank ASX: ASN 28
Slide 29: Appendix – Lithium Pricing Forecasts
Appendix – Lithium Pricing Forecasts For personal use only ASX: ASN 29
Slide 30: Paradox Brine Project – New Technology Advantages
Paradox Brine Project – New Technology Advantages For personal use only New Technology TradiBonal Processes (Process Plant) (EvaporaBon Ponds) Extrac<on Time <24 hours Up to 18 months Scalability Unconstrained Limited Purity >99.9% <99.5% Recovery Rate >90% <50% Reagents Lime, sodium hydroxide Lime,
Slide 31: Contact Details
Contact Details For personal use only Bruce Richardson Managing Director E:brichardson@ansonresources.com T:+61 8 9226 0299 W:www.ansonresources.com twiPer.com/anson_ir Linkedin.hPps://www.linkedin.com/company/13357337/ ASX: ASN 31