Anson Resources Limited · ASX:ASN

Anson Resources — Industrial Minerals Battery Materials Conference 2018

24 slides from Anson Resources's conference presentation, Apr 20, 2018

  1. Slide 1: Paradox Basin Project: The New Lithium Province

    For personal use only Paradox Basin Project: The New Lithium Province 18th April 2018 Industrial Minerals Battery Materials Conference Shanghai

  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 McLeod, B.Sc. (Maths), Bruce Richardson, B.A (Hons) - Peter (Greg) Knox B.Sc. (Geology) – Non M.Com (Econ) - Non Exec Chairman Managing Director Executive Director  Experienced public company director  Proven track record of 9 years in exploration, mining and

  4. Slide 4: The Four Corners - A New Lithium Province

    The Four Corners - A New Lithium Province For personal use only  Multiple exploration companies in the 4 corners “New Lithium Province”: Moab, Utah, USA – long history of mining  Brines known to exist throughout the Paradox Basin which covers an area 33,000 square miles (85,470km2)  Historical re

  5. Slide 5: Location

    Paradox Brine 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 a mining support services ASX: ASN 5

  6. Slide 6: Prime Location

    Paradox Brine Project – Lithium Previously Recorded For personal use only Prime Location  Total project area 806 claims covering 16,120 acres  Recently added areas to the south marked in yellow and green including two claims 40 meters from Long Canyon No 1 oil well, marked in yellow  Purchased oi

  7. Slide 7: Rationale: Recorded Lithium Assays

    Paradox Brine Project – Rationale For personal use only Recorded Lithium Assays  Long Canyon No. 1 operating well with known brine value of 500ppm from Clastic Zone 31 at 6,013 feet (120 metres from claims)  White Cloud No. 2 with known brine value of 1,700ppm from Clastic Zone 31 at 6,015 feet (2

  8. Slide 8: Existing Infrastructure

    Paradox Brine Project – Advantages For personal use only Existing Infrastructure  Close proximity to key infrastructure:  Interstate Highway  Railway  Power Line  Gas Line ASX: ASN 8

  9. Slide 9: Basin - Geological Features

    Paradox Basin - Advantages For personal use only Geological Features  Basin includes a thick series of marine evaporite deposits that define the Paradox Formation:  Comprised of up to 29 salt- evaporite sequences separated by intervening clastic beds  The clastic layers can be porous and permeabl

  10. Slide 10: Geological Features

    Paradox Brine Project – Advantages For personal use only Geological Features Robert’s Rupture’s Significance:  Caused fracturing of rock formations to over 7,000 ft in depth  Increases permeability and porosity  Promotes fluid mobility  Fracture and alteration is visible at surface Simplified St

  11. Slide 11: Basin Project - Geological Features

    Paradox Basin Project - Advantages For personal use only Geological Features  Fracturing and pressure permits artesian flow to surface  South-West to North East feature Robert’s rupture and cross cutting structures has fractured the porous rock containing the brine  Evidenced by canyons and resid

  12. Slide 12: Geological Features

    Paradox Brine Project – Advantages For personal use only Geological Features  Multiple Clastic Zones  Clastic Zones 17, 19, 21 & 29 have previously recorded brine flows (red lines) ASX: ASN 12

  13. Slide 13: Geophysical

    Paradox Brine Project – Advantages For personal use only Geophysical Depth:  Claim areas are over the deepest part of the Paradox Basin  Brines concentrate in the deepest part of the Clastic Zone 31 High Pressure:  Highly pressurized (Long Canyon 4,953psi), approximately double expected pressure

  14. Slide 14: Existing Mining Infrastructure

    Paradox Brine Project – Advantages For personal use only Existing Mining Infrastructure  Existing tracks provide access for exploration and project development  Oil wells provide opportunity to sample brines  Powerline passes through the project area marked in green  Anson has purchased an oil a

  15. Slide 15: Basin Project – Exploration Program: Gold Bar Unit 2

    Paradox Basin Project – Exploration Program For personal use only Gold Bar Unit 2 Sampling Program  Completed January 2018  High concentrations of bromine, iodine and magnesium  Lower than expected Lithium  Demonstrated importance of Robert’s Rupture and the cross cutting structures  No artesia

  16. Slide 16: Basin Project – Exploration Program: Cane Creek 32-1

    Paradox Basin Project – Exploration Program For personal use only Cane Creek 32-1 Sampling Program  Completed March 2018  High Concentrations of bromine, iodine and magnesium  Significantly higher lithium result  Artesian Flow – pressure and temperature  Similarity with Long Canyon area WELL Cl

  17. Slide 17: Long Canyon/White Cloud – Cane Creek Similarities

    Paradox Basin Project - Advantages For personal use only Long Canyon/White Cloud – Cane Creek Similarities Mineral Concentration:  Magnesium, Bromide, Iodine assay results similar Pressure:  Long Canyon 4,953psi, approximately double expected pressure at this depth  Cane Creek not measured but hi

  18. Slide 18: Basin Project – JORC Resource Pathway

    Paradox Basin Project – JORC Resource Pathway For personal use only  Future sampling and drill targets already planned for 2018.  Four sites selected:  All closer to Roberts Rupture  Targeting the cross cutting structures  Long Canyon an area of interest  Further targets in additional claims b

  19. Slide 19: Basin Project – Production Pathway

    Paradox Basin Project – Production Pathway For personal use only  Preliminary test work – synthetic sample completed  1000 litre bulk sample from Cane Creek is being sent to metallurgical laboratory for bench top test work to determine process design  LCE product from bench top test work will be

  20. Slide 20: Preliminary Test Work Completed

    Preliminary Test Work Completed For personal use only  1,700ppm Synthetic brine test work:  Magnesium successfully precipitated  Fast Magnesium precipitation result achieved – 1hr  > 99% Calcium extraction after SX  Minimal lithium loss Conceptual brine process ASX: ASN 20

  21. Slide 21: Fast Track To Product

    Paradox Brine Project – Fast Track To Product For personal use only Paradox Brine Project - On Track to Product Feb-18 Mar-18 Apr-18 May-18 Jun-18 July-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Mar-19 Jun-19 Sep-19 Stage 2 Acquisition of Cane Creek 32-1 Oil & Gas Well Sampling of Cane Creek for Li, B, B

  22. Slide 22: 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:

  23. Slide 23: Thank You

    Paradox Basin Project For personal use only Thank You ASX: ASN 23

  24. Slide 24: 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 24

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