Environmental, cultural and paleontological studies have been accepted by the Bureau of Land Management, and Anson is fully permitted to drill.
Anticipation is building and Anson's shares have rallied to $0.14. Three months ago shares could be snapped up for close to $0.01.
Bruce Richardson, managing director, commented:
"It is pleasing that Anson is on track to commence drilling the Utah Lithium Project as scheduled.
"The completion of the second investment by Zhongfan enables Anson to progress towards a JORC Resources in subsequent drilling programs further increasing shareholder value."
The drilling program will be the re-entry of an existing well, Gold Bar Unit 2, which was previously drilled through the multiple brine zones Anson is targeting to sample for lithium.
The drilling will be via a work over rig, which is smaller and truck mounted compared to a rig used to drill a new hole.
Accordingly the drilling program is faster and cheaper.