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Anson Resources ready to drill test graphite potential at Ajana

Anson will commence a drilling program at its wholly owned Ajana Graphite Project.

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The project had delivered battery-grade spherical graphite

Anson Resources (ASX:ASN) will commence a drilling program this month at its wholly owned Ajana Graphite Project, 130 kilometres north of Geraldton in Western Australia.

The program will consist of reverse circulation drilling at both the Walcott Prospect and at the Mary Springs Prospect, which has never previously been drilled for graphite.

The drilling program is intended to comprise about 2,500 metres of drilling (35 holes) at the Mary Springs Prospect.

Additionally, high priority anomalies identified at the Walcott Prospect from the recently concluded electromagnetic survey are also planned to be drilled.

The objective of the drilling program is to confirm the grade, width and strike extent of the anomalies interpreted from the electromagnetic survey and define resource target areas.

Anson is also looking to confirm the graphite flake size distribution compared with earlier test work which had been carried out on surface.

The company had reached a major milestone in October 2016 by producing battery grade spherical graphite using samples obtained from the Ajana Project.

Last month, Anson closed a significantly oversubscribed share placement to raise $820,000 from new investors at $0.03 per share.

The funds from the placement will be used to advance Anson’s projects including the Ajana Graphite Project and the ULI Lithium Project in Utah, U.S.

Anson’s share price has increased more than 60% since the start of 2017, last trading at $0.45.

Quick facts: Anson Resources Ltd

Price: 0.037 AUD

ASX:ASN
Market: ASX
Market Cap: $22.2 m
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