Anson Resources Limited · ASX:ASN
Anson Resources — Low Emission & Technology Minerals Conference 2017
30 slides from Anson Resources's conference presentation, Nov 14, 2017
Slide 1: Paradox Basin Project: The New Lithium Province
For personal use only Paradox Basin Project: The New Lithium Province November 2017 Low Emission & Technology Minerals Conference
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 $0.16 250 Capital Structure Top Shareholders $0.14 (Total shareholders 1596) Shares on Issue 321M 200 $0.12 Share Price 15.5 cents Zhongfan Group 6.25% OpCons on Issue 122M B Richardson 5.45% $0.10 150 Market CapitalisaCon $49.7M G Knox 3.30% Millions $0.
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 exploraCon, mining and pr
Slide 5: 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 operaCng well with known brine value of 500ppm from ClasCc Zone 31 at 6,013 feet (800 metres from claims) § White Cloud No. 2 with known brine value of
Slide 6: 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 7: 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 NK Li Brines American Potash NK Li, Potash Arizona New Mexico MGX 118,000 Li/Oil B
Slide 8: Utah is a World Class Mining Jurisdiction
Utah is a World Class Mining JurisdicCon For personal use only § Known Mining and Oil & Gas jurisdicCon, Grand County Utah, USA § Mineral Mines in Utah March 2015 § approximately 200 different minerals mined in Utah § 600 permiRed mineral operaCons state-wide § Utah ranks 5th in the value of non-fuel
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 For personal use only § Close proximity to key infrastructure: § 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 permea
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 X. 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 X in depth § Increases permeability and porosity § Promotes fluid mobility § Fracture and alteraCon is visible at surface Long Canyon No. cu\ngs 1: 500ppm G
Slide 16: Paradox Brine Project – Isopach Maps
Paradox Brine Project – Isopach Maps 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 § Mineral
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) § Highly pressurized (4,953psi), approximately double expected pressure at § Cross secCon shows the locaCon of Anson’s re-entry and the Long Canyon N
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 show
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) rep
Slide 20: Gold Bar Unit Re-entry Plan
Gold Bar Unit 2 Re-entry Plan For personal use only § Gold Bar Unit 2 well drilled for oil to a depth of 9,682 feet § ClasCc 31 intersected at 7,080 feet § Brines was recorded but not assayed § Make over rig to be used to re-enter the well and take brine samples for tesCng for lithium and other mine
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: Future Drilling Program
Future Drilling Program For personal use only § Future drill targets already planned § 4 sites selected: § All closer to Roberts Rupture § No access issues § Surveys completed on all sites § Cultural § Biological § Paleontological ASX: ASN 23
Slide 24: Future Drilling Program
Future Drilling Program For personal use only § Drilling permit requirements completed § Drilling Prognosis for new wells § Casing design § Drill rigs already in the Moab area § Reduces mob/demob costs ASX: ASN 24
Slide 25: Upcoming Events
Upcoming Events Clastic Zone Depth (ft) Thickness (ft) Comment For personal use only § BLM approval expected in November 3 4560 110.5 5 4930 76.5 § Drilling commencing in December 7 5170 67.25 9 5410 34.75 § Brine sampling in January 11 5600 74.5 13 5968 19 § Assaying of samples in cerCfied lab in Ne
Slide 26: Paradox Brine Project – Fast Track To Product
Paradox Brine Project – Fast Track To Product For personal use only 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 Stage 1 Permit process for GB2 well re-entry ü ü Drilling process mobilise and commence, GB2 well
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 $200 $100 $150 $80 Millions Millions $60 $100 $40 $50 $20 $- $0 Source: Anson Research 10 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
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