Anson Resources (ASX:ASN) announcement

Anson Resources Limited (ASX:ASN) has received final approval from the State of Utah, Department of Natural Resources, Division of Water Rights for the extraction of lithium at its Green River Lithium Project. The approval allows for the non-consumptive use of 19 cubic feet per second of brine through a lithium extraction process, with all the brine being returned to its original geological formation. This significant approval marks a milestone for the Company's development of the Green River Lithium Project.

Executive commentary

Through detailed community engagement and employment of local staff, our Company has developed deep community ties and an understanding of local issues. The Company always believed we were fully compliant with the requirements for this approval and will continue to work with all levels of government and the community to advance the Project. This approval is significant as it is the first granted to the Company by the State of Utah for the processing of brine for lithium extraction at Green River. The Company is moving quickly through the government permitting application process which is aided by the acquisition of private land at Green River. The planned extraction wells are to be located on that land, a brownfields site where there has already been surface disturbance. Importantly, the Department of Natural Resources acknowledged there was no connection between the brine that Anson intends to extract and surface waters including rivers and ground water systems and that the process the Company has determined to use to extract lithium and return the waste brine to the same formation from which the brine was extracted is a non-consumptive process, unlike evaporation ponds. This Direct Lithium Extraction process has less impact upon the environment, which is one of the company's key objectives. The Green River Lithium Project continues to develop at a rapid pace with the recent completion of the Bosydaba #1 well and the commissioning of the Sample Demonstration Plant. The Company will continue to push forward with the development of the Green River Lithium Project to deliver increased shareholder value.

Summary of ASX announcement

Anson Resources (ASX:ASN) has secured final approval from the State of Utah for the extraction of lithium at its Green River Lithium Project, marking a significant milestone for the Company. The approval allows for the non-consumptive use of brine through a lithium extraction process, with all the brine being returned to its original geological formation. The Company's Executive Chairman and CEO, Bruce Richardson, emphasized the Company's compliance with the requirements for this approval and its commitment to advancing the Project through community engagement and government collaboration. The approval signifies the Company's rapid progress in the government permitting application process, supported by the acquisition of private land at Green River. Anson's Direct Lithium Extraction process aims to have less impact on the environment, aligning with the company's key objectives. The Green River Lithium Project's development continues at a rapid pace, with the recent completion of the Bosydaba #1 well and the commissioning of the Sample Demonstration Plant. The Company remains focused on delivering increased shareholder value through the development of the Green River Lithium Project.