Anson Resources Limited announced that it has made significant progress with respect to engineering studies underway at the Company's Paradox Brine Project (the Project) located in Utah, USA. In addition, following a strategic review and recognition of changing market conditions for lithium, Anson has decided to accelerate the production of lithium chemicals to Stage 1 of the Project. Millcreek Mining previously prepared a Preliminary Economic Assessment (PEA) and have been engaged to update the PEA to incorporate a lithium processing plant in Stage 1 of the project and basing volume estimates based upon the throughput of brine required for the 15,000tpa NaBr plant. Anson previously produced 99.9% pure battery quality lithium carbonate and bulk lithium product samples using commercially scalable equipment. Similarly, Anson also produced battery grade lithium hydroxide bulk samples. The bulk samples are being tested by Novonix for lithium-ion battery performance. These achievements provide confidence for Anson to accelerate the production of lithium products in the first stage of the Paradox Brine Project. Engineering and design for the Pre-feasibility Study (PFS) is well advanced. Recent work has focused on operational costings and as a result Anson has also entered several negotiations with equipment, utility and other material suppliers. The PFS for the Stage 1 development of the Project is a 15,000tpa sodium bromide (NaBr) plant and will expand upon Anson's existing Preliminary Economic Assessment (PEA) and will provide further definition of CAPEX/OPEX expectations of this project. Deliverables from the study include the piping and instrumentation diagrams, plant layout and civil work estimates as well as those for utility connections and infrastructure. The scope of the PFS also includes the preliminary design for the NaBr plant together with the brine pipeline, chlor-alkali plant, the anxillary equipment and utility and supply infrastructure. The estimated timeframe of the study is four months and will support Anson to advance project development investment discussions. The chlor-alkali plant, a key component of the facility, will produce the chlorine required to separate the bromine from the well brine. As part of the PFS, Anson has commissioned De Dietrich to produce a process design for the bromine extraction component of the 15,000tpa NaBr plant. This work includes mass and energy balance, process calculations, equipment lists and specifications as well as the preliminary plant layout required for the completion of the PFS. De Dietrich has conducted tests on Anson's brine, used for the extraction of bromine and conversion to sodium bromide, up to pilot plant stage. In addition, Anson has entered negotiations with a number of other companies for the supply of equipment, utilities and other supplies. Most significantly Anson recently commissioned a "Interconnect/System Impact Study" (the Study) by the local electrical power provider, Rocky Mountain Power (Rocky Mountain). The Study concluded that the load service required by Anson for Stage 1 of the Project can be "accomodated" from two nearby power lines. Rocky Mountain has provided two power supply options. Both options only require a metering station to be established. Option 1 from the existing 138 Kv line approximately 1 km from the proposed production site. Option 2 from the existing 68 Kv power line approximately 5 km from the proposed production site.