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Anson Resources ( (AU:ASN) ) has provided an announcement.
Anson Resources has disclosed that its Yellow Cat uranium-vanadium project in Utah hosts a non-JORC compliant historical mineral resource estimate of 56,850 tons grading 2,400ppm U3O8 and 1.47% V2O5, derived from extensive drilling conducted by U.S. government agencies in the early 1950s. The company has validated the presence of high‑grade mineralisation through its own sampling and review of historic drill data, including intervals with very high uranium and vanadium grades, but stresses that the estimate remains historical, not compliant with current JORC 2012 standards, and may change following further evaluation, highlighting both the potential scale of the project and the need for modern verification work before any resource can be formally reported.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 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 Ltd is an Australia-listed resources company with a focus on uranium and vanadium exploration, including its Yellow Cat U-V Project in Utah, USA. Through its wholly owned subsidiary UV1 Minerals LLC, the company targets high‑grade mineralisation within the Morrison Formation sandstone units as part of its broader strategy to build a portfolio of energy‑related mineral assets.
Average Trading Volume: 6,950,596
Technical Sentiment Signal: Sell
Current Market Cap: A$100.4M
For detailed information about ASN stock, go to TipRanks’ Stock Analysis page.