• Engineering study confirms Green River as a low-cost lithium producer
• Operating cost estimated at US$3,837 per tonne of lithium carbonate
• Initial capital requirement of approximately $568 million
• Definitive Feasibility Study has commenced
• Offtake agreement with LG Energy Solution for 40% of annual production

Anson Resources Ltd. has completed a front-end planning stage 1 (FEP-1) scoping study for its Green River Lithium Project in Utah, USA. The study, conducted by Burns & McDonnell, confirms the project's potential as a low-cost producer with an operating cost of $3,837 per tonne of lithium carbonate. The initial capital requirement is estimated at approximately $568 million, with a 20-year mine life and a base-case pre-tax NPV of $1,373 million. The study also highlights the project's cost advantages, including access to established infrastructure and a proprietary chemical-free iron removal process. Anson has a definitive offtake agreement with LG Energy Solution for 40% of the annual production. The project is advancing towards a final investment decision, with a definitive feasibility study underway.

Initial capital requirement of approximately $568 million, operating cost of $3,837 per tonne

The project is advancing towards a final investment decision with a definitive feasibility study underway.