Anson Resources Ltd (ASX:ASN) has snapped up the Green River Lithium Project in Utah, USA, a play that represents a significant, strategic addition to its US lithium-brine asset portfolio.
The project consists of 1,251 placer claims over an area of 10,620 hectares (106.2 square kilometres), just 50 kilometres from Anson’s flagship Paradox Lithium Project and hosts similar geological, metallurgical and structural similarities.
In addition, past drilling confirms brine in Clastic 31 and the Mississippian Units that contain supersaturated brine.
On a fast-track
The company plans to leverage its expertise in the region to fast-track exploration and mineral resource delineation at Green River, deploying the same strategy it used at Paradox to define new lithium-brine resources.
Surveys are underway ahead of a planned resource drilling program in the near future. The results are expected to further increase Anson’s global JORC resource in the US and to support future increases in lithium production and other minerals from the company’s proposed lithium-producing operation.
The project already has major infrastructure in place, including proximity to major road and rail networks, and power. Its proximity to Paradox also gives it access to all water requirements.
Anson’s strategy involves re-entering existing oil wells to define lithium brine resources, just as it did at Paradox.
It is carrying out environmental, archaeological and land surveys for a Notice of Intent (NOI) to re-enter three oil wells in the new project area for submission to the US Department of Interior Bureau of Land Management (BLM).
Previous drilling has made life easier for the company – the pad locations are already level and will require very little earthwork to re-establish the drill pad area.
Capitalising on expertise
Executive chairman and CEO Bruce Richardson said, “With the addition of this strategic new project to Anson’s lithium brine portfolio, the company plans to capitalise on the knowledge and experience it has acquired while developing the Paradox Lithium Project from grassroots through to a proven JORC resource, and into a planned future lithium producer.
“The company has recently announced the commencement of its drilling program for the Western Strategy at Paradox, which is expected to further substantially increase the project’s existing JORC mineral resource.
“The Green River Lithium Project is expected to further increase our ‘global’ JORC resource in the USA and support future increases in production of lithium and other minerals from our proposed lithium-producing operation in Utah, and, in turn, drive shareholder value.”