Anson Resources pegs strategic tenement at Ajana project

Anson Resources Limited (ASX: $ASN) has announced the pegging of a strategic tenement that abuts its Ajana Project in the Mid-West region of Western Australia, increasing the size of the project by 175%. The newly pegged tenement, ELA66/131, covering an area of 127.75km2, has geological structures suitable for Zn-Pb-Ag mineralization, with government surface geo-chemical sampling identifying critical mineral anomalies (Ga & Ba) in the additional area pegged. Previous exploration programs have identified numerous prospective targets to follow up with the aim of defining multiple Zn-Pb-Ag JORC Mineral Resources at the Ajana Project.

Executive Commentary

On August 1, 2023, China, which produces 98% of the world's Gallium and 92% of Germanium, cancelled all exports, highlighting the need to secure safe and reliable supply of critical elements and minerals. The discovery of critical minerals Gallium, Indium, Germanium, and Barium at the Ajana Project presents significant economic value and potential for future Zn-Pb-Ag JORC resources. The company is focused on conducting follow-up drilling programs to further analyze the critical minerals present at the Ajana Project.

Summary

Anson Resources (ASX: $ASN) has significantly expanded its Ajana Project by pegging a strategic tenement, ELA66/131, increasing the project size by 175%. The discovery of critical minerals Gallium, Indium, Germanium, and Barium at the Ajana Project presents substantial economic value and potential for future Zn-Pb-Ag JORC resources. The company aims to conduct follow-up drilling programs to analyze the critical minerals further. The global demand for Gallium, Indium, and Germanium, especially after China's export cancellation, underscores the strategic importance of securing a safe and reliable supply of these critical elements. Anson Resources is well-positioned to capitalize on the growing demand for these critical minerals, aligning with its goal of creating long-term shareholder value through the discovery, acquisition, and development of natural resources that meet the demand of tomorrow's new energy and technology markets.