Anson Resources (ASX:ASN) receives approval for Western Strategy drilling program

Anson Resources Limited (ASX:ASN) has received a new approval from the USA, Department of the Interior, Bureau of Land Management (BLM) for its Plan of Operation (POO) to commence its western expansion Mineral Resource drilling program at the Paradox Lithium Project in south-eastern Utah, USA. The Record of Decision was issued on 1st October 2024. The program aims to re-enter the Mineral Canyon and Sunburst wells to expand the JORC Mineral Resource estimate as part of its western strategy drilling at the Paradox Project.

Executive Commentary on Western Strategy Drilling Approval

The BLM's approval for the western strategy drilling program at the Paradox Lithium Project is a significant milestone for Anson Resources. This approval allows us to proceed with our plans to re-enter the Mineral Canyon and Sunburst wells, targeting the Mineral Canyon Fed 1-3 and Sunburst 1 wells. The program is designed to deliver a substantial JORC Mineral Resource increase by converting a large Exploration Target into Indicated and Inferred Resources. We are confident that this drilling program will contribute to a significant increase in the Project's existing JORC Mineral Resource, which currently stands at 1.04Mt of Lithium Carbonate Equivalent (LCE) and 5.27Mt of Bromine.

Summary of Anson Resources' Western Strategy Drilling Program

Anson Resources (ASX:ASN) has received a new approval from the USA, Department of the Interior, Bureau of Land Management (BLM) for its Plan of Operation (POO) to commence its western expansion Mineral Resource drilling program at the Paradox Lithium Project. The program aims to re-enter the Mineral Canyon and Sunburst wells to expand the JORC Mineral Resource estimate as part of its western strategy drilling. Anson plans to sample the thick Mississippian units and the Pennsylvanian clastic horizons, expecting a significant increase in the Project's existing JORC Mineral Resource. The company's goal is to create 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.