Anson Resources Limited · ASX:ASN
Anson Resources — Shareholder Meeting (November 2017)
30 slides from Anson Resources's shareholder meeting presentation, Dec 1, 2017
Slide 1: Paradox Basin Project: The New Lithium Province
For personal use only Paradox Basin Project: The New Lithium Province 30th November 2017 Anson Resources Ltd AGM
Slide 2: Disclaimer
Disclaimer The informaCon contained in this confidenCal document ("PresentaCon") has been prepared by Anson Resources Limited (the "Company"). It has not been fully verified and is subject to material updaCng, revision and further amendment. The InformaCon many not be distributed to others at any Cme
Slide 3: Corporate Overview
Corporate Overview ASN For personal use only $0.18 250 Capital Structure $0.16 Top Shareholders Shares on Issue 341M (Total shareholders 1955) 200 $0.14 Share Price 9.9 cents Zhongfan Group 5.86% $0.12 OpCons on Issue 108M B Richardson 5.81% Market CapitalisaCon $33.75M 150 $0.10 G Knox 3.62% Millio
Slide 4: Shareholding Dashboard
Shareholding Dashboard 12 Month ASN Volume Trend For personal use only 200 150 Millions 100 50 0 Market Cap Number Shareholders $40 $35 2000 $30 1500 Millions $25 $20 1000 $15 $10 500 $5 $- 0 ASX: ASN 4
Slide 5: 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 exploraCon, mining and pr
Slide 6: Paradox Brine Project – Overview
Paradox Brine Project – Overview For personal use only § 508 placer claims with an area of 4,091 hectares § Long Canyon No. 1 operaCng well with known brine value of 500ppm from ClasCc Zone 31 at 6,013 feet (120 metres from claims) § White Cloud No. 2 with known brine value of 1,700ppm from ClasCc Z
Slide 7: The Four Corners - A New Lithium Province
The Four Corners - A New Lithium Province § MulCple exploraCon companies in the 4 corners “New For personal use only 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 8: Four Corners Lithium Explorers
Four Corners Lithium Explorers For personal use only Company Acres Target Anson Resources 10,106 Li Brines Liberty One 4,480 Li Brines Utah Colorado Voltaic Metals 4,160 Li Brines US Cobalt 2,220 Li Brines Power Metals NK Li Brines American Potash NK Li, Potash Arizona New Mexico MGX 118,000 Li/Oil
Slide 9: Paradox Brine Project – Advantages
Paradox Brine Project – Advantages Historic Data: For personal use only § Extensive database available § Historic seismic data § Local drill hole data Tesla Gigafactory § ExisCng historical wells § High grade under explored brines § Suitable infrastructure in place LocaBon: § Tesla Gigafactory 11 hr
Slide 10: Paradox Brine Project – Infrastructure
Paradox Brine Project – Infrastructure § Close proximity to key infrastructure: For personal use only § Interstate Highway § Railway § Power Line § Gas Line ASX: ASN 10
Slide 11: Paradox Basin
Paradox Basin § A large Pennsylvanian-age marine basin For personal use only § Basin includes a thick series of marine evaporite deposits that define the Paradox FormaCon: § Comprised of up to 29 salt-evaporite sequences separated by intervening clasCc beds § The clasCc layers can be porous and perme
Slide 12: Paradox Brine Exploration
Paradox Brine ExploraCon For personal use only ExploraBon: § Drill-test and evaluate super saturated brines: § Determine concentraCons of specific brine aquifers § Test for Li, B, Br & I Development: § Determine brine geochemistry and aquifer parameters § Flow rates, recharge rates, porosity and perm
Slide 13: Peer Project Comparison – ppm values
Peer Project Comparison – ppm values Peer Project Comparison – Highest 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
Slide 14: 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 Y. Average thickness 25
Slide 15: Paradox Brine Project – Characteristics
Paradox Brine Project – CharacterisCcs For personal use only Robert’s Rupture’s Significance: § Caused fracturing of rock formaCons to over 7,000 Y in depth § Increases permeability and porosity § Promotes fluid mobility § Fracture and alteraCon is visible at surface Simplified StraCgraphic Sequence AS
Slide 16: Paradox Brine Project – Geophysics
Paradox Brine Project – Geophysics Depth: For personal use only § Claim areas are over the deepest part of the Paradox Basin § Brines concentrate in the deepest part of the ClasCc Zone 31 High Pressure: § Highly pressurized (4,953psi), approximately double expected pressure at this depth § Mineraliz
Slide 17: Paradox Brine Project – SW-NE Cross Section
Paradox Brine Project – SW-NE Cross SecCon For personal use only Anson Re-Entry Gold Bar 2 § ClasBc Zone 31 is the main target horizon (bold red line) § Cross secCon shows the locaCon of Anson’s re-entry and the Long Canyon No.1 well with 500ppm and other strategic targets § ClasCc Zones 17, 19, 21
Slide 18: Clastic Zone Cuttings - Geological Summary
ClasCc Zone 31 Cuxngs - Geological Summary § Gold Bar Unit 2 cuxngs: For personal use only § Obtained from US geological Survey Core Research Centre § QAQC checks carried out to confirm correct intervals § Samples must be “lagged” to match interval from electric logs § Lithology of the cuxngs are sho
Slide 19: Clastic Zone Petrographic Work
ClasCc Zone Petrographic Work ClasCc Zone 31: For personal use only § § Dark brown, organic rich laminated fragments § ScaRered vugs filled with anhydrite or silica, § MicriCc limestone fragments § DolomiCc and anhydrite-rich fragments Thin secCon § The porosity (P) developed when the dolomite (D) re
Slide 20: Gold Bar Unit Re-entry Plan
Gold Bar Unit 2 Re-entry Plan For personal use only § BLM approval to Gold Bar Unit 2 granted in November 2017 § December 2017 - make over rig to be used to re-enter the well and take brine samples for tesCng for lithium and other minerals § Li, B, Br, I, Mg § Gold Bar Unit 2 well drilled for oil to
Slide 21: Drilling Program – Re-entry
Drilling Program – Re-entry For personal use only Well Design completed by SRK: § Drill hole design of completed Gold Bar #2 (incorporates): § Total well depth § ProducCon casing and tubing size requirements § Expected boRom hole pressure and associated casing design and BOP requirements § Bit and m
Slide 22: Drilling Program – Multiple Clastic Zones to Sample
Drilling Program – MulCple ClasCc Zones to Sample For personal use only § Drill each cement plug § Pressure test casing § Run casing inspecCon log § Circulate casing scraper to clean casing § Insert packer § Perforate casing at desired depth: § Sample boRom to top: § 7080 ClasCc Zone 31 § 7020 ClasC
Slide 23: Upcoming Events
Upcoming Events Clastic Zone Depth (ft) Thickness (ft) Comment For personal use only § BLM approval granted in November to Gold Bar unit 2 3 4560 110.5 5 4930 76.5 § Drilling to commence in December 7 5170 67.25 9 5410 34.75 § Brine sampling in January 11 5600 74.5 13 5968 19 § Sampling from ClasCc
Slide 24: Future Drilling Program 2018
Future Drilling Program 2018 For personal use only § AddiConal future drill targets already planned for 2018 program. § 4 sites selected: § All closer to Roberts Rupture § No access issues § Surveys completed on all sites § Cultural § Biological § Paleontological § Further targets in addiConal claim
Slide 25: Future Drilling Program 2018
Future Drilling Program 2018 For personal use only Work already completed: § Drilling permit survey completed § Drilling design plans for new wells completed § Down-hole sampling program protocol completed § Drill rigs already in the Moab area reducing mob/demob costs ASX: ASN 25
Slide 26: 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 Jan-18 Jun-19 For personal use only Stage 1 Permit process for GB2 well re-entry ü ü ü Drilling process mobilise and commence,
Slide 27: Lithium Brine Peers – Market Capitalisation Upside
Lithium Brine Peers – Market CapitalisaCon Upside For personal use only Market Cap in US (AUD$ Millions) Market Cap outside of US (AUD$ Millions) $120 $300 $100 $250 $80 $200 Millions Millions $60 $150 $40 $100 $20 $50 $- $0 Source: Anson Research 29 Nov 2017 ASX: ASN 27
Slide 28: Additional Projects – Western Australia
AddiConal Projects – Western Australia For personal use only § Ajana – Graphite & Base Metals: § Lead Resource just upgraded to JORC 2012 § Base metals and graphite: § 31 VTEM targets to test § Soil anomalies throughout project area to be tested § 470km north of Perth § Hooley Well Nickel & Cobalt:
Slide 29: Thank You
Paradox Basin Project For personal use only Thank You ASX: ASN 29
Slide 30: 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 twiRer.com/anson_ir Linkedin.hRps://www.linkedin.com/company/13357337/ ASX: ASN 30
Anson Resources — Shareholder Meeting (November 2017) on 6ix