Berkshire is hoarding so. much. cash.
Anson Resources Advances Lithium Extraction with Successful Drilling at Green River Project
Anson Resources Limited has achieved a significant milestone in its journey to develop the Green River Lithium Project, located in the Paradox Basin, Utah, with the successful completion of surface drilling activities. This initial phase, crucial for defining the JORC Mineral Resource, has not only confirmed the lack of interconnectivity between shallow aquifers and deeper lithium-rich brines but also set the stage for sustainable lithium extraction, marking a leap towards securing a stable lithium supply for burgeoning global markets.
Drilling Achievements and Environmental Safeguards
Anson has meticulously completed the surface drilling phase, reaching a depth of 1,500 feet, followed by the strategic cementing of steel casing to hydraulically seal off shallow aquifers. This process ensures the preservation of groundwater resources while enabling the extraction of lithium-rich brines from the Pennsylvanian Clastic zones, situated significantly deeper at around 7,000 feet. The intersection of shallow, slightly saline aquifers with low chloride levels corroborates the effective isolation of lithium brine reservoirs from surface water systems, highlighting Anson's commitment to environmentally responsible mineral exploration.
Strategic Location and Exploration Insights
Located on privately owned land within the Paradox Basin, the Bosydaba #1 well site benefits from the recent rezoning to a Conditional Use Permit (CUP), facilitating exploration and mineral processing. The geological understanding of the area, bolstered by the drilling results, emphasizes the sealed nature of the Pennsylvanian Formation, acting as a natural barrier preventing water interconnectivity.
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This geological configuration supports the targeted extraction of high-salinity, lithium-rich brines, positioned to significantly contribute to Anson's lithium production capabilities.
Technological and Operational Framework
Anson's drilling program, articulated through a comprehensive four-phase strategy, incorporates advanced technologies and methodologies to ensure the integrity of the drilling process and the conservation of water resources. The use of a closed-loop system for drilling muds and fluids exemplifies the project's minimal environmental footprint. Furthermore, the preparatory work, including the establishment of a Sample Demonstration Plant adjacent to the drill site, paves the way for continuous lithium carbonate production, reinforcing the project's viability and Anson's forward-looking approach to lithium market demands.
Conservation and Project Readiness
The project's design and execution reflect a deep commitment to preserving the natural hydrologic balance, with detailed measures to prevent any interaction between extracted brines and surface water systems. The impermeable nature of the Paradox Formation's evaporite beds plays a crucial role in maintaining this separation, ensuring sustainable project development. With the completion of the surface drilling and the strategic positioning of the Sample Demonstration Plant, Anson is poised to transition seamlessly into continuous lithium production, promising to enhance the company's contribution to the global lithium supply chain.
As Anson Resources advances its Paradox Lithium Project, the successful completion of the surface drilling phase marks a critical step toward realizing its vision of becoming a key player in the lithium production arena. The company's strategic approach, underscored by a commitment to environmental stewardship and technological innovation, sets a precedent for responsible and efficient mineral resource development. With continued progress and stakeholder collaboration, Anson is well-positioned to meet the evolving demands of the new energy and technology markets, driving long-term shareholder value and contributing to a sustainable energy future.
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Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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