viewAnson Resources Ltd

Anson Resources to drill for lithium in Utah this year

Anson remains on schedule to commence drilling in the December quarter 2017.

Anson shares have added 4.9% in early trade to $0.043

Anson Resources Ltd (ASX:ASN) has moved a step closer to its highly anticipated drilling program at the wholly-owned Paradox Lithium Brine Project located in the U.S. state of Utah.

A permit to drill has now been received from the State of Utah, Department of Natural Resources, Division of Oil, Gas and Mining (UDOGM).

Representatives of Anson met with UDOGM in Salt Lake City last week and as a result obtained the permit earlier than expected.

Bruce Richardson, managing director for Anson, commented:

"The company has recently visited Utah and it has received excellent support from the USA government agencies involved in the approval process.

"Great interest was shown by the representatives of the USA government and we remain on track to commence the drilling and sampling program in late Q4 2017.

"Meetings with drilling companies were also successful in identifying rigs that will be available at the time that Anson plans to drill and the visits also assisted with defining the re-entry program and sampling protocol."

Next steps

An application to conduct drilling activities at Gold Bar Unit 2 had been accepted by the USA Federal agency, the Bureau of Land Management (BLM).

A further approval by the BLM is still required before earth disturbance, including drilling activity, can commence.

This approval is expected to be received in November 2017.

READ NOW: Anson Resources to receive foreign investment for test work

Quick facts: Anson Resources Ltd

Price: 0.02 AUD

Market: ASX
Market Cap: $15.67 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Anson Resources Ltd named herein, including the promotion by the Company of Anson Resources Ltd in any Content on the Site, the Company...


Anson Resources initiates $3 million fundraising to advance its Paradox...

Anson Resources Ltd (ASX:ASN) CEO Bruce Richardson tells Proactive the firm has launched a share purchase plan (SPP) offer to raise up to $2 million as part of a $3 million capital raising effort to advance its Paradox Brine Project in Utah. Richardson says the funds raised will be used to...

on 17/6/20

2 min read