Other Projects
Green River Lithium Project
Anson staked the Green River Lithium Project in January 2023. It is located 50 kilometres northwest of the Company’s flagship Paradox Lithium Project, and represents a strategic addition to its lithium asset portfolio in the Paradox Basin in Utah, USA.
The Project comprises a total of 1,251 placer claims over a total area of 106.2km2 and exhibits positive geological, metallurgical and structural similarities with the Paradox Project.
The Green River Project has major infrastructure in place, including proximity to major road and rail networks, power and water. The sub-lease agreement for the supply of water for future production at the Paradox Project allows for diversion from both the Colorado River and Green River; the Project is located close to the Green River.
Anson plans to adopt a similar exploration strategy at the Green River Project as it successfully adopted at the Paradox Project by re-enter existing oil wells to define lithium brine resources, that would contribute significant additional Resources to Anson’s global Paradox Mineral Resource base.
The Green River Project has a substantial Exploration Target of; 2.0 billion tons to 2.6 billion tons of brine, grading 100 – 150ppm Li and 2,000 – 3,000ppm Br1
| Lithological Unit | Range | Brine Tonnes (Mt) | Li Grade (ppm) | Br Grade (ppm) | Li
(t) |
Li₂O₃
(t) |
Br
(t) |
| Mississippian | Minimum | 2,000 | 100 | 2,000 | 200,000 | 1,064,600 | 3,200,000 |
| & Clastic Zones | Maximum | 2,600 | 150 | 3,000 | 390,000 | 2,075,900 | 7,800,000 |
Exploration Target calculations for the Green River Lithium Project – for the combined Mississippian Leadville and Pennsylvanian Paradox Units.
1The Exploration Target figure is conceptual in nature as there has been insufficient exploration undertaken on the Project to define a mineral resource for the Leadville. It is uncertain that future exploration will result in a mineral resource.
Yellow Cat Uranium- Vanadium Project
The Yellow Cat Project is located 30km north of the city Moab, in the Thompson District of Utah, USA. The Project consists of two separate areas: the Yellow Cat claims and the Yellow Cat West claims.
The Project is considered prospective for uranium and vanadium due to the high historic grades of mineralisation present within the Project area. The Project is located in a region increasingly sought-after by uranium exploration companies, and is approximately 40kms from Anson’s core asset, the Paradox Lithium Project. This provides the opportunity to leverage the Company’s investment and experience in the area.
The Yellow Cat Project is located in close proximity to the White Mesa Mill, the only conventional, fully licensed and operational uranium/vanadium mill in the USA. The mill is within trucking distance southeast of the Project.
Western Australian Exploration Projects
Anson has a portfolio of three highly prospective base metals and critical metals exploration projects covering a total of 458km² in the Yilgarn Craton of Western Australia.
Bull Nickel-Copper-PGE Project
The Bull Project covers an area 82km² and is located only 35km from the city of Perth in Western Australia. It is situated immediately adjacent to Chalice Mining Limited’s (ASX: CHN) world-class Julimar Ni-Cu-PGE Project.
The Bull Project has not been previously explored for Ni-Cu-PGE’s and has a magnetic signature similar to that of the Julimar Project. Rock chips and assays have confirmed the presence of surface mafic rocks similar to those found at Julimar.
The Project is well located relative to key infrastructure, including highways, rail, power and port facilities.
The Ajana Project
The Ajana Project is located in the mid-west region of Western Australia, 130km north of the regional city and port of Geraldton. The region is a proven, established mining province for zinc, lead and silver.
The Project covers an area of 222km², and the prospective ground within the Project area (on tenements E66/89 and E66/94) is dominated by the Northampton Metamorphic Complex. Historical exploration in the area has focused on lead and zinc, and the Project area contains several historic copper, lead and silver producing mines that date back to 1850.
Hooley Well Cobalt-Nickel Laterite Project
The Hooley Well Project is located 800km north of Perth and 300km north-east of Geraldton in Western Australia. It comprises three tenements (E9,2218, E9/2219 and E9/2462) and covers a total area of 154km², within the highly prospective West Yilgarn Ni-Cu-PGE Craton.
Historic, shallow drilling on tenements E9/2218 and E9/2219 intersected nickel and cobalt laterites. There may also be possible primary nickel sulphides (identified by IP response) at depth.
The Project contains extensive nickel, cobalt and chromite mineralisation over an area of 1.5km x 0.8km.
The Hooley Well Project may also be prospective for Rare Earth Element (REE) mineralisation. There is a REE Mineral Resource in the area east of the Hooley Well tenements, and REE mineralisation has also been recorded in drillholes adjacent to the western side of the Hooley Well tenements.
Competent Person’s Statement
The information note above that relates to exploration results and geology for the geological projects is based on information compiled and/or reviewed by Mr Greg Knox, a member in good standing of the Australasian Institute of Mining and Metallurgy. Mr Knox is a geologist who has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity being undertaken to qualify as a “Competent Person”, as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Knox has reviewed and validated the metallurgical data produced by Lilac Solutions and consents to the inclusion in this announcement of this information in the form and context in which it appears. Mr Knox is a director of Anson and a consultant to Anson.
Forward Looking Statements
Statements regarding plans with respect to Anson’s mineral projects are forward looking statements. There can be no assurance that Anson’s plans for development of its projects will proceed as expected and there can be no assurance that Anson will be able to confirm the presence of mineral deposits, that mineralisation may prove to be economic or that a project will be developed.