Australia's Anson Resources hits record high on Utah project feasibility study

Anson Resources

08/09/2022 04:39

** Shares of mineral explorer Anson Resources  ASN.AX  rise
as much as 44.1% to a record high of A$0.425 
    ** Co says feasibility study at its Paradox Lithium Project
in Utah, United States highlighted "advanced potential to become
a major supplier of high-purity battery-grade lithium carbonate"
 urn:newsml:reuters.com:*:nASX56K8Rx
    ** Says study for phase one of project highlighted a pre-tax
net present value of $1.3 bln 
    ** Expects commencement of lithium carbonate production in
2025
    ** Co sees phase two of study to comprise further
substantial increase in lithium production capacity, together
with bromine production capacity    
    ** Stock posts its biggest intraday pct gain since Aug. 25
    ** Stock up 118.5% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))