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Anson Resources (ASX: $ASN) identifies high grade critical mineral prospects

Anson Resources identifies high-grade critical mineralisation


Anson Resources Limited (ASX: $ASN) has announced the discovery of extensive high-grade mineralisation of the critical minerals Gallium (GA) and Barium (Ba) at its Ajana Project. The discovery was made in association with zinc, lead, copper, and silver mineralisation from historical drilling programs. The company identified these results through the review of records of lead mining in the area, with historical samples assaying up to Ga 34.4g/t. The continuous mineralised intersections were drilled from the surface to 170 metres in depth, correlating with government-funded geochemical sampling records over the Ajana Project.

Executive Chairman and CEO's perspective


The Executive Chairman and CEO, Bruce Richardson, expressed the company's fortune in identifying additional prospects for critical minerals at the Ajana project without the need for extensive soil geochemical test work and drilling programs. He emphasized the company's focus on developing the lithium project in Utah, USA, while acknowledging the significant potential presented at Ajana. Richardson highlighted the widespread geochemical recordings of Gallium and Barium across the Ajana project area, indicating the potential to develop a mine for lead, zinc, silver, and the strategic minerals barium, gallium, germanium, and indium. He also stressed the importance of these minerals in the production of semi-conductors, LED screens, and quantum computers, essential for the future economy.

Summary of the critical mineral discovery


Anson Resources (ASX: $ASN) has identified high-grade critical mineral prospects at its Ajana Project, with the discovery of gallium and barium in historic drillholes. The company's focus remains on developing the lithium project in Utah, USA, but the extensive mineralisation of critical minerals at Ajana presents a significant opportunity. The widespread geochemical recordings of critical minerals across the project area indicate the potential for developing a mine to produce lead, zinc, silver, and strategic minerals essential for future technologies. The discovery aligns with the global need to secure safe and reliable sources of critical elements and minerals, especially in light of China's export cancellations. Anson's identification of additional prospects without extensive testing demonstrates the project's potential, and the company plans to further review drilling reports and data to develop the Ajana Project opportunity.

ANSON RESOURCES LIMITED
ASN | ASX | Materials
0.130(+0%)
At close 05/07 (AEDT)
Market cap
$167.8M
Volume
784,631
DY Yield
0
PE Ratio
0
52 Week Range
0.074 - 0.2
1YR Return
712.5%

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