Anson Resources announcement

Anson Resources Limited (ASX:ASN) has been granted 21 strategic SITLA blocks as 1 large Other Business Administration (OBA) by the Utah State government, School and Institutional Trust Land Administration (SITLA), to its Green River Lithium Project located in the Paradox Basin, south-eastern Utah, USA. The new tenure covers a total area of 6,685 acres (27.05 km2) highly prospective for lithium-rich brines that are the target of planned exploration programs for future JORC calculations. All blocks are located within an 8km radius of the recently drilled Bosydaba #1 well.

Executive Chairman and CEO Bruce Richardson's commentary

The decision to grant the 27.05 km2 of mineral salt rights around the Companies privately owned land for the extraction brine to produce lithium by the Government of Utah further demonstrates its support for the Green River Lithium Project. In recent weeks we have seen the grant of the Underground Injection Control (UIC) permit and the confirmation of the Water (Brine) Extraction permit for the project as well as support earlier this year for the drilling program at Bosydaba#1 well. The Green River Lithium Project is progressing at an exceptional rate towards production.

Anson Resources' outlook

Anson Resources has been granted 21 strategic SITLA blocks, expanding its Green River Lithium Project, demonstrating the Government of Utah's support for the project. The new tenure covers a total area of 6,685 acres highly prospective for lithium-rich brines, enhancing the potential for future JORC calculations. The company's Executive Chairman and CEO, Bruce Richardson, highlighted the exceptional progress towards production, with recent permits and support for drilling programs. The Exploration Target for the Mississippian Leadville units at the Green River Lithium Project has a range of 1.1 billion tons to 1.6 billion tons of brine, grading 100 - 150ppm Li. The project benefits from advantageous geological structures and lithological units, indicating potential for low extraction costs and positive implications for ESG factors. The 3D geological model shows thicker Mississippian units at Green River compared to Paradox, reducing the required drillholes for resource building. Anson Resources aims to create long-term shareholder value through the development of natural resources meeting the demand of tomorrow's new energy and technology markets.