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Anson Resources ( (AU:ASN) ) has shared an announcement.
Anson Resources has intersected the key Mississippian horizon at a depth of 9,189 feet in the Mt Fuel-Skyline Geyser 1-25 well at its Green River Lithium Project in Utah, collecting fluid and brine samples after detecting chlorides in the oil-based drilling muds. The program is designed to confirm the presence of lithium-rich brines in this target area and use the new data to convert a large existing Exploration Target near the Bosydaba well into Indicated and Inferred JORC Resources, potentially expanding the project’s resource base and strengthening Anson’s position in the emerging Paradox Basin lithium province.
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 ASX- and OTC-listed resources company focused on lithium exploration and development, primarily through its Green River Lithium Project in south-eastern Utah, USA. The company targets lithium-rich brines in subsurface formations to build JORC-compliant mineral resources that support its strategic positioning in the battery metals and energy transition supply chain.
Average Trading Volume: 6,973,795
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$98.79M
Find detailed analytics on ASN stock on TipRanks’ Stock Analysis page.