Anson Resources
Financials:
Primary ticker: ASX:ASN, ASX:ASNOC, ASX:ASNO, OTC:ANSF
Stage of development: Exploration, Development
Primary minerals: Lithium, Bromine
Project to promote: Paradox Lithium Project
Project location: Utah, USA
Website: www.ansonresources.com
Anson Resources (ASX: ASN) is an ASX-listed mineral resources company, at the forefront of the exploration and development of natural resources to power a clean energy future.
Its core asset is the Paradox Lithium Project in Utah, in the USA. Anson is focused on developing the Paradox Project into a significant lithium producing operation, to provide high-quality lithium carbonate for the massive global EV battery market. It also seeks to deliver further value from the Project via the extraction of large quantities of high-value bromine.
The Project has a robust Definitive Feasibility Study and a substantial JORC Resource of 1.04Mt of Lithium Carbonate Equivalent (LCE) and 5.275Mt of Bromine, with a major Resource expansion program underway.
Major shareholders:
Chia Tai Xingye Intnl – 13.1%
Management Ownership – 4.4%
Management Profile
Bruce Richardson – Executive Chairman & CEO
Mr Richardson has worked in the mining industry for 14 years and in 2010 when Anson Resources Ltd (then Mayan Iron) was listed on the ASX, he was Managing Director of the Company. Over this period Mr Richardson has been involved in several mining project both in Australia and overseas with a focus on iron ore, base metals and other minerals. Mr Richardson identified the Paradox Lithium Project in Utah, USA and has been focused on this opportunity moving to the USA in 2019 to focus on this project. In 2018, Mr Richardson became Executive Chairman/CEO pf Anson Resources. Mr Richardson holds no other Directorships in other listed companies.
Mr. Richardson has spent more than 40 years developing business opportunities in China and is fluent in Mandarin and has lived in Guangzhou, Beijing, Shanghai and Taipei for a total of 15 years. He has raised approximately $200 million of investment from China in private and public companies, including Anson Resources.
Mr. Richardson had 10 years’ experience in the public sector having worked as an Australian Trade Commissioner in the Australian Embassy in Beijing, with responsibility for the mineral resources portfolio, and as Trade Development Director, Australian Commerce & Industry Office Taipei, Taiwan. In 2006/07, Mr Richardson worked for the Western Australian government as Manager China, Department of Industry and Resources developing business and political relationships with China.