logo-loader

Anson Resources in back-to-back trading halt ahead of capital raising news

Last updated: 14:46 23 Nov 2020 AEDT, First published: 13:41 23 Nov 2020 AEDT

Anson Resources Ltd - Anson Resources in trading halt ahead of capital raising
The trading halt will remain in place until November 27

Anson Resources Ltd (ASX:ASN) has been granted a back-to-back trading halt by the ASX with a capital raising announcement pending.

The halt will remain in place until the beginning of regular ASX trade on Friday, November 27, or when an announcement is released to the market, whichever occurs earliest.

Initial exploration finds targets 

ASN’s initial ground-truthing program at the 100%-owned The Bull Project in Western Australia has confirmed the interpreted mafic-ultramafic intrusive complex, with copper values up to 1,845 parts per million (ppm). 

This indicates that The Bull has a similar geological terrane as Chalice Gold Mines Limited’s (ASX:CHN) (OTCMKTS:CGMLF) (FRA:C8U) Julimar Nickel-Copper-Platinum Group Elements (PGE) discovery.

The three major targets identified measure up to 1400 metres in length and 800 metres wide. 

Anson executive chairman and chief executive officer Bruce Richardson said: “We continue to be encouraged by the early indications we are receiving from The Bull Project.

“Chalice has provided the roadmap used to make the world-class Julimar discovery and we are following this closely."

The company is carrying out exploration at a number of Australian targets while its flagship Paradox Brine Project in the US progresses through development permitting.

Anson Resources enters next development phase at Paradox lithium camp

Anson Resources Ltd (ASX:ASN) managing director and CEO Bruce Richardson brings Proactive up to speed on a crucial step towards construction at the company’s Paradox lithium camp in Utah. The critical minerals player has just commenced a pivotal front end engineering and design (FEED) study,...

on 26/5/23