Anson Resources Limited has announced the start of the Front End Engineering and Design (FEED) Study at its Paradox Lithium Project in Utah, USA.
The FEED Study is an important next stage in Anson’s ambitions to build a lithium carbonate processing facility with a capacity of 13,000tpa lithium carbonate equivalent (LCE).
Worley Group Inc. has been appointed to conduct the FEED Study, which will expand on the robust Definitive Feasibility Study (DFS) performed in 2022 for the Paradox Lithium Project. The Feed Study is moving well and is projected to be finished in the fourth quarter of 2023.
Anson has formed its own engineering team to assist Worley in completing the FEED Study. The Anson and Worley teams will initially be co-located to provide the most effective implementation of the FEED Study’s work streams.
Sunresin New Materials Co. Ltd.’s Direct Lithium Extraction (DLE) process, chosen by Anson, will be included in the design and engineering work, and the FEED team will collaborate closely with Sunresin and its independently designated design and engineering consultants in the implementation of the FEED Study.
Sunresin will be responsible for the design and engineering work to relevant US standards for the proposed LCE facility at Paradox Lithium Project, which would convert raw brine into a sellable product (considered as Inside Battery Limits, or ISBL).
Worley will design the supporting infrastructure and utilities for the broader site development (considered outside battery limits, or OSBL).
Anson is in the process of compiling a list of suppliers for the components and equipment needed for both the ISBL and OSBL parts of the manufacturing plant. It is focused on sourcing as much of the required equipment and components from North America as possible in order to maximise the opportunity to secure debt financing from government agencies, Export Credit Agencies, and the US Department of Energy – with whom the Company consults on a regular basis.
Additionally, since the DFS, the Company has been developing a financing structure for the 13,000tpa lithium carbonate plant’s complete investment. This includes government and off-take partners. This investigation has identified many financial possibilities that have been accessible and the method of acquiring them. This effort set the procurement strategy and FEED Study scope.
