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Hang Seng
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39,023.71
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7,747.81
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78.00
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2,163.90
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Anson Resources (ASX: $ASN) progresses lithium and precious metals projects in Q1 report

  • Author: Stock Piper

Anson Resources Q1 2024 Report Highlights


Anson Resources Limited (ASN) has released its March 2024 Quarterly Activities Report, showcasing significant progress across its projects. The report includes the completion of a geotechnical engineering study at the Paradox Lithium Project, the commencement of JORC Mineral Resource drilling at the Green River Lithium Project, encouraging assay results from the Hooley Well and Ajana Base and Precious Metals projects, and plans for drilling at the Yellow Cat Vanadium/Uranium Project. The company also reported a strong balance sheet with $17.2 million cash on hand at the end of the quarter.

Executive Commentary


The completion of the geotechnical study at the Paradox Lithium Project marks a significant milestone, confirming the suitability for constructing the proposed processing plant. We are also pleased to have commenced the JORC Mineral Resource drilling at the Green River Lithium Project, which aligns with our strategic goals. The encouraging assay results from the Hooley Well and Ajana Base and Precious Metals projects further validate the potential of these sites. Our strong balance sheet provides us with the financial stability to pursue our exploration and development plans.

Summary of Q1 2024 Report


Anson Resources Limited (ASN) has made substantial advancements in its Q1 2024 Quarterly Activities Report, demonstrating progress across its lithium and precious metals projects. The completion of the geotechnical engineering study at the Paradox Lithium Project confirms the suitability for the proposed processing plant, while the commencement of JORC Mineral Resource drilling at the Green River Lithium Project signifies a significant step forward. Encouraging assay results from the Hooley Well and Ajana Base and Precious Metals projects indicate the potential for valuable discoveries. With a strong balance sheet and strategic plans for drilling at the Yellow Cat Vanadium/Uranium Project, Anson Resources is well-positioned for continued growth and exploration in the coming quarters.

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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