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Anson Resources Ltd (ASX:ASN) has expanded the Green River Lithium Project located in the Paradox Basin of Utah, USA, by securing additional strategic land. This expansion will enhance the project’s exploration capabilities and resource potential.
Expansion of Project
Through its wholly owned subsidiary, Blackstone Minerals NV LLC, the company has successfully acquired 21 additional strategic blocks, totalling approximately 6,685 acres, equivalent to 27.05 square kilometers. This acquisition was facilitated under a single Other Business Agreement (OBA) with the Utah School and Institutional Trust Land Administration (SITLA). The newly granted blocks are adjacent to Anson’s existing claims and privately owned land, thereby broadening the company's area of influence around the recently drilled Bosydaba #1 well, which is noted for its lithium-rich brine intersections.
The proximity of the new blocks—within an 8-kilometer radius of the well—significantly enhances the exploration potential for future JORC-compliant resource estimations. This strategic addition is poised to facilitate more comprehensive geological assessments and evaluations of the resource base.
Resource Volume Potential
The Bosydaba #1 well has intersected Mississippian units that exceed 790 feet in thickness, which will likely play a critical role in augmenting the potential resource volume. Current exploration targets for the Green River Project, informed by drilling data and previous JORC estimates, suggest a brine resource ranging from 1.1 to 1.6 billion tonnes, with lithium grades reported between 100-150 parts per million (ppm).
Anson’s exploration strategy is informed by geological similarities observed between the Green River Project and the Paradox Lithium Project. These similarities include advantageous characteristics such as high pressure, along with increased porosity and permeability, which are crucial for successful lithium extraction. The company is aiming to leverage these geological advantages to reduce extraction costs while also enhancing environmental, social, and governance (ESG) outcomes.
Support from the Government
Bruce Richardson, the executive chair and CEO, expressed enthusiasm regarding the support received from the Utah government. The grant of 27.05 square kilometers of mineral salt rights for lithium extraction represents a significant endorsement for the Green River Lithium Project. Recent developments, including the approval of an underground injection control (UIC) permit and confirmation of a brine extraction permit, further highlight the supportive regulatory environment.
Richardson noted, “The Green River Lithium Project is progressing at an exceptional rate towards production,” reflecting confidence in the project’s advancement. This expansion is expected to play a vital role in the ongoing development and optimization of the Green River Project, with a focus on upgrading resources and further exploration within the newly acquired blocks.
