Anson Resources Applies for Mineral Rights at Green River
Key points
- Anson applies for mineral rights in Green River State Park
- New tenure covers 114.4 acres of lithium-rich brines
- Increase in Indicated category AOI by 2.1%
- Land to be included in future JORC Resource review
Full summary
Anson Resources Limited has applied for the mineral rights under the Green River State Park, managed by the Utah Division of Forestry, Fire and State Lands (FFSL). The new tenure covers 114.4 acres of highly prospective lithium-rich brines and will be included in a future JORC Resource review. This application will increase the Area of Influence (AOI) of the Indicated category by 2.1%. The land is located within the current Indicated JORC Resource area and is expected to provide significant upside to the future JORC estimation. Anson's strategy is to increase the JORC estimates for the Green River Lithium Project without additional drilling, thereby limiting expenditure and the timeline for JORC upgrade consideration.
Guidance
Anson Resources expects to complete the JORC upgrade in Q3 2026.
Outlook
The company plans to appoint an independent consulting company to review the current JORC resource and provide an upgrade, which will support the Definitive Feasibility Study (DFS) planned for 2027.
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