viewAnson Resources Ltd

Anson Resources boost Exploration Target ahead of maiden JORC release

The Exploration Target is an indication of the project's growth potential.

growth concept
The maiden JORC estimate for Clastic Zone 31 is due shortly

Anson Resources Ltd (ASX:ASN) has calculated an increased Exploration Target across four Clastic Zones underground containing brine at its Paradox Brine Project in Utah, US.

The Exploration Target is for 484-792 million grading 50-50ppm lithium, 50-400ppm boron, 2,500-4,000ppm bromine and 30-100ppm iodine.

The Exploration Target was calculated for Clastic Zones 17, 19, 29 and 33, which were all sampled by Anson during drilling.

Additional horizons are also known to contain brines, specifically Clastic Zones 7, 9, 13, 21, 25, 27 and 43, providing potential to further extend the Exploration Target.

Anson is approaching completion of the estimation of its maiden mineral resource for Clastic Zone 31 which it expects to finalise and announce shortly.

READ: Anson Resources surges after producing battery-quality lithium carbonate at Utah project

In recent weeks, Anson produced about one kilogram of 99.9% pure battery-quality lithium carbonate from brine sourced at its Paradox Brine Project.

This was a major catalyst for the share price with shares hitting 8.2 cents on strong trading volume.

The pending release of the maiden JORC resource is the next upcoming catalyst for the company.

Proactive caught up with Anson last month for a project update.

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