Australia's Anson Resources jumps on ramping up production at US plant

Anson Resources

15/09/2023 05:52

(Updates)
    ** Shares of Anson Resources  ASN.AX  rise as much as 10% to
A$0.165, their biggest intraday pct gain since June 21
    ** Stock hits highest level since Aug. 11; up for third
consecutive session
    ** Mineral explorer ramps up lithium carbonate production at
its sample demonstration plant in Paradox project in U.S.
    ** Says ramping up of production to meet demand from
potential offtake partners
    ** Ramping up sample production a key step in Anson's
qualification process with potential offtake partners - co 
    ** Says production expected to increase further to reach
1tpa by end of 2023 
    ** Stock set for a ~8.3% gain for the week
    ** ASN down 18.9% YTD, as of last close 

 (Reporting by John Biju and Upasana Singh in Bengaluru)
 ((John.Biju@thomsonreuters.com;))