Anson Resources Limited · ASX:ASN

Anson Resources — Benchmark Minerals Week 2018

21 slides from Anson Resources's conference presentation, Oct 24, 2018

1. Slide 1: Paradox Lithium Project: Fast Tracking to Production

   For personal use only Paradox Lithium Project: Fast Tracking to Production 24 October 2018 Benchmark Minerals Week Newport, USA Anson’s First Lithium Carbonate

2. Slide 2: Disclaimer

   Disclaimer For personal use only The information contained in this confidential document ("Presentation") has been prepared by Anson Resources Limited (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. The Information many not be dist

3. Slide 3: Directors

   Directors For personal use only Bruce Richardson, B.A (Hons) – Peter (Greg) Knox B.Sc. (Geology) – Michael van Uffelen B. Com. – Executive Chairman & CEO Director Director  Proven track record of 9 years in  Experienced Director, CFO & Company exploration, mining and production in  Mr Knox is a q

4. Slide 4: Corporate Overview

   Corporate Overview For personal use only Capital Structure Top Shareholders (Total shareholders 3500) Shares on Issue 494 Million Chia Tai (Zhongfan) 8.1% B Richardson 4.3% Share Price 7.6 cents G Knox 2.3% Market Capitalisation $37.6 Million Shi Deshun 2.4% Net Cash and Quoted Equities $4.2 Million

5. Slide 5: Alternative Lithium Brine

   Paradox Lithium Project – Alternative Lithium Brine For personal use only Supersaturated Brine at 6000 feet Depth  Series of clastic levels containing brine  Formed by multiple transgression/regression  Concentrated precipitation of seawater  Brine contains Lithium and other minerals  Bromine,

6. Slide 6: Advantages: Location

   Paradox Lithium Project – Advantages For personal use only • Location • Utah, USA well regulated and managed operating environment • Tesla Gigafactory 11 hour drive Tesla Gigafactory • Close to market • 15 km west of Moab providing mining support service ASX: ASN 6

7. Slide 7: Advantages: Well Known Historic Mining Area

   Paradox Lithium Project - Advantages For personal use only Well Known Historic Mining Area  Existing exploration and mining support infrastructure  Mined for uranium, copper, potash etc and oil & gas  Brines known to exist throughout the Paradox Basin which covers an area 33,000 square miles (85,

8. Slide 8: Advantages: Large Land Holding

   Paradox Lithium Project – Advantages For personal use only Large Land Holding  Total project area 1,317 claims covering 10,791 hectares (108 sq km) of land. (outlined in red and magenta) Fast-track to Production  Purchased oil/gas lease and well at Cane Creek 32-1 (marked by blue arrow)  Applied

9. Slide 9: Advantages: Existing Infrastructure

   Paradox Lithium Project – Advantages For personal use only Existing Infrastructure  Close proximity to key infrastructure:  Interstate Highway  Railway  Power Line  Gas Line  Existing mining operations ASX: ASN 9

10. Slide 10: Advantages: Extraction - Artesian Flow

    Paradox Lithium Project – Advantages For personal use only Extraction - Artesian Flow  Comes to surface under own pressure  2000+ psi at surface In-situ State – Assists in Processing  Temperature 120 degrees at depth & surface 80 degrees Fahrenheit  Highly Concentrated Supersaturated Brine  No

11. Slide 11: Advantages: High Concentrations of Five Minerals

    Paradox Lithium Project – Advantages For personal use only High Concentrations of Five Minerals  High concentrations of Lithium, Boron, Bromine, Iodine and Magnesium recorded in historical assay results in the area surrounding the project.  High concentration of Bromine at Cane Creek 32-1 sampled

12. Slide 12: On Site Work to date

    Paradox Lithium Project – On Site Work to date For personal use only Re-entered Two Oil Wells and Sampled Brines Cane Creek 32-1 Oil & Gas Well  Re-entered with work over drilling rig in April 2018  Tested five clastic zones  Clastic 29 came to surface under its own pressure  Lithium Concentrati

13. Slide 13: Initial Test Work

    Paradox Lithium Project – Initial Test Work For personal use only Summary of Findings  Solar evaporation laboratory & on-site evaporation ponds  Lab & pond results correlated  Precipitation of sodium & potassium  Lithium & bromine grade increased  Low energy cost but slow in evaporation ponds 

14. Slide 14: Metallurgical Testwork: Outotec Solvent Extraction

    Paradox Lithium Project – Metallurgical Testwork For personal use only Outotec – Solvent Extraction (SX)  Outotec a global leader in minerals and metals processing technology based in Finland test has commenced test work on samples taken from Cane Creek 32-1 well  A conceptual process developed by

15. Slide 15: Metallurgical Test Work: Lilac Solutions Ion Exchange

    Paradox Lithium Project – Metallurgical Test Work For personal use only Lilac Solutions – Adsorption Ion Exchange (IX) • Li only extraction process using patented beads • First stage bench top test work extracted Li successfully from the Cane Creek well brine in July 2018 • Li2CO3 produced • Second

16. Slide 16: Metallurgical Test Work: Lilac Production Test Work

    Paradox Lithium Project – Metallurgical Test Work For personal use only Lilac Production Test Work  Lilac’s Li extraction planned to follow the boron, bromine and iodine extraction  Early B, I & Br extraction will result in  Any hydrocarbons will be stripped  Transition metals will drop out  Ha

17. Slide 17: JORC Resource Pathway

    Paradox Lithium Project – JORC Resource Pathway For personal use only Two Re-entry Wells • Notice of Intent (NOI) process underway to re- enter Long Canyon No.2 & Skyline Unit 1 • To commence Q4 2018/Q1 2019 • Geological important structures present • Located near historic high grade Li values One N

18. Slide 18: Production Pathway

    Paradox Lithium Project – Production Pathway For personal use only Complete Metallurgical Test Work Lithium Carbonate - Lilac IX (Anson) • Refine the production process Q4 2018 • Build in- field pilot plant for lithium extraction Q1 2019 • Determine the process for extraction of other minerals – bor

19. Slide 19: Additional Projects – Western Australia

    Additional 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:

20. Slide 20: Thank You

    Paradox Basin Project For personal use only Thank You ASX: ASN 20

21. Slide 21: 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 twitter.com/anson_ir Linkedin.https://www.linkedin.com/company/13357337/ ASX: ASN 21

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