Quarterly Activities and Cashflow Report
| Stock | Anson Resources Ltd (ASN.ASX) |
|---|---|
| Release Time | 29 Apr 2026, 3:12 p.m. |
| Price Sensitive | Yes |
Quarterly Activities and Cashflow Report
- Completed modified drilling program at Mt Fuel-Skyline Geyser Well, intersecting Mississippian target horizon
- Produced EV battery grade lithium carbonate at 99.4% purity from Green River brine
- Delivered high-purity lithium chloride sample to Nusano for materials evaluation
Anson Resources Limited (ASX: ASN) provided an update on its activities for the quarter ended 31 March 2026. The company's core focus remains on its lithium assets in the Paradox Basin in Utah, USA. At the Green River Lithium Project, Anson completed a modified drilling program at the Mt Fuel-Skyline Geyser Well, intersecting the Mississippian target horizon at 9,189 ft. Fluid samples were collected for assay to support a possible expansion of the JORC Resource. The company also successfully produced electric vehicle battery grade lithium carbonate at 99.4% purity from Green River brine, which was confirmed by SGS North America. During the quarter, Anson continued planning and technical work for the re-entry of the Mineral Canyon Fed 1-3 well at the Paradox Lithium Project, as part of its western expansion strategy. At the Yellow Cat Uranium/Vanadium Project, Anson commenced and completed a 23-hole aircore drilling program, confirming that mineralisation continues along strike of the known historical mine sites. Assay results are pending. In Western Australia, Anson continued technical and planning work for future drilling programs at the Ajana Project, while no field work was carried out at the Bull Nickel-Copper-PGE Project or the Hooley Well Cobalt-Nickel Laterite Project during the quarter. Corporately, Anson maintained a strong balance sheet with $9.5 million cash on hand at the end of the quarter. The company also continued to advance cooperation with POSCO on the planned DLE Demonstration Plant at Green River, with POSCO reaffirming its commitment to the project despite rescheduling its internal investment approval process due to global uncertainty.