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Ashcroft said the follow-up to his solo debut "Alone With Everybody" will likely be released in late 2002.
I'm very positive about it, and there's a lot of material and it's strong," Ashcroft told NME.
"I think each thing that I do is just extended a little bit, so the songwriting to me is strengthened, stronger songs and the insanity is purer insanity, basically. It's a good mix."
The Chemical Brothers collaborated with Ashcroft on the song "The Test" for that group's new album "Come With Us." The singer conceded he was dissatisfied with "Alone With Everybody" but added "the day I become happy about something is the day that it stops."
The singer also said a nagging injury that hampered his ability to tour behind "Alone With Everybody" has been corrected.
"I've had an operation on my (left) hand, dunno what it is, some tendon problem basically, causing pain when I was playing any instrument, piano or guitar," he told NME. "So I had that sorted out".