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Anson Resources Limited (ASX:ASN)

ALERT: Price-sensitive ASX Announcement for ASN
Current share price for ASN : $0.038 -0.005 (-11.63%)+
Announcement
Release
29 Sep 2026 9:00AM
Price at Release
$0.043
Full Release
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Summary
Anson Resources announced that Utah’s School and Institutional Trust Land Administration approved its application for 17 additional strategic SITLA blocks as one Other Business Administration lease at the Green River Lithium Project in Utah, adding about 3,958 acres (16.02 km2, stated elsewhere as 16.2 km2) and potentially increasing the project land parcel by 18.4%; the company said all of the new tenure sits within the JORC Resource Area of Influence and will be included in the next JORC resource update targeted for Q4 2026, supporting the Definitive Feasibility Study and funding plans for 2027, while aiming to increase resources without further drilling. The announcement also outlined an exploration target for the newly acquired OBA and previously granted FFSL lease areas of 294–311 million tonnes of brine grading 100–130 ppm lithium, containing an estimated 29,400–40,430 tonnes of lithium or 156,491–215,201 tonnes of lithium carbonate equivalent, noting this target is conceptual and not a Mineral Resource. It referenced the existing upgraded Green River JORC Mineral Resource of 145,000 tonnes of lithium and 773,000 tonnes of contained LCE across indicated and inferred categories, and included JORC Table 1 technical disclosures on sampling, assay methods, geology, tenure and planned further work.
Key Points
  • Utah SITLA approved Anson’s application for 17 additional strategic blocks at the Green River Lithium Project.
  • The new OBA lease adds about 3,958 acres or 16.02 km2 of prospective lithium-brine ground.
  • The additional tenure represents a potential 18.4% increase in the project land parcel.
  • All newly approved blocks are within the JORC Resource Area of Influence and are intended to be included in the next resource update.
  • Anson expects to pursue a JORC resource upgrade in Q4 2026 without further exploration drilling.
  • The combined OBA and FFSL lease areas are expected to add 20.78 km2 to the JORC upgrade consideration.
  • An exploration target for the new lease areas was estimated at 294–311 million tonnes of brine grading 100–130 ppm lithium.
  • The exploration target equates to an estimated 29,400–40,430 tonnes of lithium or 156,491–215,201 tonnes of LCE.
  • The company stated the exploration target is conceptual in nature and is not a Mineral Resource.
  • The existing upgraded Green River JORC Mineral Resource was stated as 145,000 tonnes of lithium and 773,000 tonnes of contained LCE.
  • The resource expansion is intended to support the Definitive Feasibility Study and project funding plans for 2027.
  • The announcement includes JORC Table 1 disclosures covering sampling, assay procedures, tenure, geology and future work.
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.