Anson Resources Ltd (ASX:ASN) has received approval for the re-entry drilling of two historical oil wells within its Paradox Lithium Project in Utah, US.
The re-entry of these oil wells is planned to commence early in the new year, prior to which preparatory earthworks will be undertaken to prepare access to the drill sites.
The data obtained from this drilling program will be used by SRK Consulting in the estimation of a maiden JORC Resource, the timing of which remains on track.
READ: Anson Resources finalises location of pilot plant for Paradox Lithium Project
Anson is fast-tracking the development of its flagship 108-square kilometre Paradox Lithium Brine Project.
The project sits on Roberts Rupture within the Paradox Basin, where lithium concentrations of up to 1,700 ppm have been discovered.
These grades are comparable to the highest known lithium brine grades in the world.
Notably, an exploration target exists for the project of 85-170 million tonnes grading 100-500 ppm lithium.
In addition, test work completed to date has already successfully produced lithium carbonate and lithium hydroxide products.