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Anson Resources Limited (ASX:ASN)

ALERT: Price-sensitive ASX Announcement for ASN
Current share price for ASN : $0.043 -0.002 (-4.44%)+
Announcement
Release
16 Jul 2026 8:19AM
Price at Release
$0.045
Full Release
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Summary
Anson Resources Limited (ASX: ASN) has applied for additional mineral rights through the Utah State's School and Institutional Trust Land Administration (SITLA) to expand its Green River Lithium Project in the Paradox Basin, Utah, USA. The application covers 17 blocks, increasing the project's area by approximately 18.4%, totaling 3,958 acres. This expansion aims to enhance the JORC resource estimate without further drilling, facilitating cost and time efficiency. Anson's strategy includes using the upgraded JORC estimates in the Definitive Feasibility Study (DFS) to support project funding. The company anticipates the SITLA Board decision in August 2026, with the JORC upgrade expected in Q3 2026, which is crucial for advancing project financing.
Key Points
  • Anson Resources applied for 17 additional SITLA blocks.
  • The application potentially increases the project area by 18.4%.
  • The expansion covers 3,958 acres of prospective lithium-rich brines.
  • All blocks are within the JORC Resource Area of Interest.
  • The strategy aims to upgrade JORC estimates without more drilling.
  • SITLA Board decision expected in August, JORC upgrade in Q3 2026.
  • JORC upgrade supports the Definitive Feasibility Study for funding.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.