Australia's Anson Resources rises on plans to lift production capacity at Utah project

Anson Resources

06/06/2022 02:01

** Shares of mineral explorer Anson Resources  ASN.AX  climb
as much as 5.6% to A$0.143, their highest since June 1
    ** Co says it aims to increase production capacity at its
Paradox lithium project in Utah  urn:newsml:reuters.com:*:nASX5NGRmy
    ** Stock posts its biggest intraday percentage gain since
May 30
    ** Says it will lift Stage 1 production capacity by 275% to
10,000 tonnes per annum of battery-grade lithium carbonate
    ** Says decision was made as co expects an increase in the
JORC resource at project, growing demand for lithium, and
improved performance in its recoveries
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))