ASN to Commence Yellow Cat Drilling to Extend Mineralisation

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Stock Anson Resources Ltd (ASN.ASX)
Release Time 16 Feb 2026, 10:13 a.m.
Price Sensitive Yes
 ASN to Commence Yellow Cat Drilling to Extend Mineralisation
Key Points
  • Drilling program to confirm mineralization extends for 4,500m between known Uranium and Vanadium historical workings
  • Sampling has yielded values up to 10.33% U3O8 and 25.6% V2O5
  • Drilling contractor selected and program to commence in early March
Full Summary

Anson Resources Ltd (ASX: ASN) is pleased to announce that it will commence drilling in early March 2026 at its Yellow Cat U-V Project in Utah, USA. The drilling program aims to confirm that the high-grade uranium and vanadium mineralization extends for 4,500m between the known historical workings. Previous exploration sampling by Anson has yielded assay results of up to 10.33% U3O8 and 25.6% V2O5. The mineralization is shallow and located above the water table, which will allow for relatively shallow drilling and minimal disturbance. Anson plans to drill the mineralized trend from the Windy Point and McCoy Group to the Cactus Rat and Mineral Treasure mines, with drill depths ranging from 12m to 40m. Diamond coring of some mineralized zones would allow for assaying and metallurgical studies. In addition, Anson will conduct an exploration program of reverse circulation and diamond drilling to twin historical drillholes in the central block, in order to confirm the assay results of the historical drillholes. This would potentially enable the historical resource to be upgraded to a 2012 JORC mineral resource.