Anson Resources Flags Green River Lithium Resource Upgrade on Higher Porosity Data

Anson Resources ( (AU:ASN) ) has issued an announcement.

Anson Resources has reported higher effective porosity values from historical diamond core at its Green River Lithium Project in Utah, with an average of 8.8% measured in Mississippian Unit core from the Floy Unit 1 well, compared with the 6% figure used in its current JORC resource estimate. The core, taken from an interval where a drill stem test was previously conducted, showed vuggy and fractured dolomite and limestone, indicating strong brine storage potential and supporting the company’s geological model for the area.

The higher porosity data, derived from certified laboratory testing, is expected to underpin an upgrade of the Green River JORC resource estimate and refine the project’s exploration target, while improving the accuracy of Anson’s Petrel 3D reservoir model. Correlation of pressure and temperature data from Floy Unit 1 with nearby historical wells across the north-west Paradox Basin also informs assumptions on flow rates, transmissibility and processing conditions, which are critical for the design and economics of a planned full-scale lithium production plant at Green River.

The most recent analyst rating on (AU:ASN) stock is a Buy with a A$0.38 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 Australian-listed exploration and development company focused on lithium brine projects in the U.S., particularly within Utah’s Paradox Basin. Through its subsidiary Blackstone Minerals NV LLC, the company targets subsurface brine resources to support future lithium production for the battery and electric vehicle supply chain.

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