Anson gets the green light for Western Strategy lithium Resource expansion program

Anson has started its Western Strategy Resource expansion program after receiving approval to re-enter existing wells at its Paradox lithium project in Utah.

The approval from the Bureau of Land Management allows the company to re-enter and sample the lithium-rich Mississippian brine aquifer and the clastic horizons within the Sunburst-1 and Mineral Canyon Fed 1-3 wells in the Western region of the Project.

This is part of Anson Resources (ASX:ASN) strategy to convert existing Inferred resources and Exploration Target into a combined Indicated and Inferred resource.

Additionally, the company plans to include some of the area located west of the targeted Sunburst and Mineral Canyon wells into a future resource update when the program is completed.

The proposed program of work has allowed the company to upgrade the Exploration Target of both the Mississippian Units and Pennsylvanian Paradox Units for the Western Strategy to a combined range of 2.10 billion tons to 2.56 billion tons of brine.

This does not include the additional Clastic Zones discovered in the recent Cane Creek 32-1 well drilling.

Western Strategy Resource Expansion

The Sunburst and Mineral Canyon wells are located about 1km from the historical lithium-rich assayed brines.

These wells will be tested for lithium, bromine, iodine and boron.

Highlighting the potential value of this work to deliver a further upgrade to the Paradox Resource, sampling of the Mississippian units recently completed at the Long Canyon Unit 2 well resulted in a 25% increase to the recorded historical value.

This article was developed in collaboration with Anson Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.