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The latest update is out from Anson Resources ( (AU:ASN) ).
Anson Resources has announced a maiden JORC resource estimation for its Green River Lithium Project in Utah, reporting a contained lithium carbonate equivalent (LCE) of 103,000 tonnes. The company plans to expand this resource with further drilling and has received necessary approvals for re-entry into a historic well. Anson has also expanded its land package and entered a non-binding agreement with POSCO Holdings to explore Direct Lithium Extraction technology. The project is expected to create significant local employment opportunities, supported by a Community Benefits Agreement with the Green River City Council. Anson’s strong financial position, with $2.5 million cash on hand, supports its ongoing developments.
The most recent analyst rating on (AU:ASN) stock is a Buy with a A$0.15 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 Limited is a diversified minerals development company with a focus on demand-driven commodities, primarily lithium. The company operates in the Paradox Basin in Utah, USA, a region known for its significant lithium resources. Through its subsidiaries, A1 Lithium and Blackstone Minerals NV LLC, Anson Resources aims to develop one of the largest lithium resources in North America.
Average Trading Volume: 2,121,208
Technical Sentiment Signal: Buy
Current Market Cap: A$145.6M
Learn more about ASN stock on TipRanks’ Stock Analysis page.