Anson Resources’ new COO says the lithium explorer can unlock next-gen tech and shrugged off past attacks on Vulcan Energy & Lake Resources.
One of the lithium boom’s loudest critics has switched from being an activist short seller on sharemarket bolters Vulcan Energy and Lake Resources to work for a rival explorer that he now says is a screaming buy.
ASX-listed Anson owns the Paradox Lithium Project in Utah in the US which Murray says can supply battery grade lithium to US electric vehicles on a mine life of 23 years.Using DLE technology to separate lithium from brine without the need for expensive and time intensive evaporation ponds is yet to be used on a commercial scale among ASX operators, but that hasn’t stopped multiple explorers boasting they can master the next-generation technology to produce lithium.
“The reason I wrote those [short] reports about other companies is the same reason I joined Anson – I was concerned that other companies did not have a methodology of extracting lithium from brine. So, that’s what kept me interested in finding who could actually do it.
Anson’s definitive feasibility study published in September 2020 suggests a base case valuation of $US1.3 billion for the project assuming a price of $US20,000 per tonne for lithium carbonate, or a $US5.1 billion valuation on September 2021’s price of $US69,400 a tonne.
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