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Anson Resources ( (AU:ASN) ) just unveiled an announcement.
Anson Resources has completed an initial 23-hole exploration drilling program at its Yellow Cat Uranium Vanadium Project in Utah, confirming that mineralisation continues for about 2,500 metres along strike between the historical Cactus Rat and McCoy Group mine sites. The work identified shallow, thick mineralised zones and detected uranium and vanadium at surface using field instruments, with samples dispatched for laboratory assays covering uranium, vanadium and associated critical minerals.
The company tightened drill spacing during the campaign to account for the variable geometry of the ore zones and the rugged terrain, aiming to accelerate the definition of a JORC-compliant resource in the eastern block of the project. If upcoming assays confirm high grades consistent with previous sampling, the results could support a formal resource estimate and potentially enhance Anson’s strategic position in uranium, vanadium and critical minerals supply.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
More about Anson Resources
Anson Resources is an Australia-listed exploration company focused on uranium and vanadium projects, with key assets in the United States. Through its wholly owned subsidiary UV1 Minerals, the company is advancing the Yellow Cat project in Utah, targeting shallow, sandstone-hosted mineralisation and associated critical minerals such as gallium and rare earth elements.
Average Trading Volume: 3,869,693
Technical Sentiment Signal: Sell
Current Market Cap: A$72.88M
For a thorough assessment of ASN stock, go to TipRanks’ Stock Analysis page.