Battery Metals: Anson Resources produced 1kg of battery quality lithium; shares surge 48 pc
Utah-focused Anson Resources (ASX: ASN) is surging today after revealing it had produced a kilogram of lithium of exceptional quality.
The company jumped by as much as 60 per cent after announcing its feat. The sample was 99.9 per cent pure, ahead of specifications made by Anson’s prospective offtake partners. It can be used in manufacturing batteries and in manufacturing of anything utilising cathode material.
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The kilo was produced using an ion exchange system. It produced a total of 20 litres of lithium chloride at approximately 18,000 mg/L of lithium. The lithium was purified by Southwest Technologies using chemical treatments including being carbonated with soda ash.
The carbonate was washed, then dried and micronised to produce the final sample.
While the final lithium produced was impressive, the company is keen to ensure it will not be the last sample. It told shareholders it’s planning to produce a 20kg sample.
This sample will be tested with prospective customers and be used for an in-field pilot plant to produce larger lithium samples. The company said the pilot would, “unlock Anson’s ability to achieve very high lithium recoveries from brine to produce battery quality lithium products”.
Shares jumped by as much as 60 per cent this morning before settling at 48 per cent at 11.15am.
Liontown Resources (ASX: LTR) reported more drilling results this morning. Results included 45m @ 1.7 Lithium from 236 metres and 17m @ 1.8 per cent lithium from 210 metres. The company anticipate releasing an Updated Mineral Resource Estimate in early July. Resource consultants Optiro have been hired for the estimate, which will be incorporated into later feasibility studies.
Liontown shareholders have witnessed an exceptional rise this year, the stock is up 307 per cent in May alone. The stock gained another 5 per cent in early trading.