Anson Resources Limited announced its collaboration with Koch Technology Solutions for the commissioning of its Li-Pro?? process pilot unit for lithium extraction at the Company's Green River Lithium Project ("Project") in Utah, USA. The pilot will be jointly funded by Anson Resources and an investment from KTS through a convertible note as the companies work to develop a further commercial relationship.

KTS completed their detailed treatability study in May 2024 using brine from Anson Resources'Green River Lithium Project. KTS' testing has indicated exceptional results for lithium recovery and element rejection rates and suggests superior results to those achieved in Anson Resources' Definitive Feasibility Study. The Company is in the process of determining any revisions to CAPEX and OPEX from the results achieved.

Through an agreement completed on 21th June 2024, the companies will partner to expedite the commissioning of the pilot unit. Results from the pilot unit, if successful, will provide detailed feasibility engineering and cost data for deployment of the full-scale Li-Pro?? process at the Green River Lithium Project's lithium extraction facility.

The pilot unit is expected to be operational in July 2024 at Anson Resources' private land in Green River, Utah and will run 24 hours a day, 7 days a week for the next two to four months. The unit will process fresh brine from the Company's Bosydaba#1 well into lithium chloride, replicating commercial production conditions. This pilot unit is in addition to Anson Resources' operational sample demonstration plant ("SDP") at Green River that utilizes the existing flow sheet.

The two direct lithium extraction technologies will be tested concurrently using brine from the collected during the drilling program of the Bosydaba#1. Test results of the brine collected from the Leadville Formation, Mississippian Units indicated that lower levels of contaminants, higher porosity, and higher pressure than at the Paradox Lithium Project. Anson Resources and KTS have agreed to a commercial arrangement whereby KTS, via a convertible note investment, helps pay for piloting, testing, and detailed feasibility engineering costs for the Li-Pro?? pilot unit at Green River.

If the initial pilot work is successful and if Anson Resources and KTS mutually agree to move into a commercial Li-Pro?? unit, further costs could be funded through additional investment from KTS. KTS' Li-Pro??

process is used in other operational pilot facilities elsewhere in North America. KTS has announced that the Li-Pro?? process are being used in its commercial-scale lithium extraction demonstration plant near El Dorado, Arkansas.

That plant was commissioned in April 2024 and is believed to be the largest continuously operating DLE facility in North America.